My decision on bitcoin

[Mate2237]

These are old stories and it doesn't move market again. Op you don't have to bear any risk. And what risk are you talking again? You said, you asked a question to buy bitcoin and the responses were favorable and you were told to buy because you done know the next movement of bitcoin. Op are saying you don't have the money to buy now or  what?  And if you are eager to buy then there is no need to beat around the bush, go straight to the main point and purchase your bitcoin now that bitcoin is down. Your less use phone? Smile! I am waiting for the next thread which you have finally sold your less used phone which you purchase with money fr a specific purpose.

I know you are so desperate to invest in bitcoin, but I don’t think it’s a good idea for you to sell your phone to invest in bitcoin. What happens when you need the phone later in the future? Are you going to sell the bitcoin to buy back the phone? Bitcoin investment should be done with the extra cash that you have with you, you don’t have to hurt yourself because you want to invest in bitcoin or sell your properties because you want to invest in bitcoin.

I don't think the op is desperate to buy bitcoin, when we see those who are desperate, we know them. Selling of phone to buy bitcoin is not a desperate move to buy bitcoin, and desperate people work hard to buy bitcoin.

[BITCOIN4X]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

That sounds good because basically a phone you don't use isn't helping you at all and it might work to your advantage if you use the proceeds to invest. It's a great idea to consider, but you don't have to wait too long for the bitcoins to drop, just buy it now and store it safely like you've kept that phone all along.

I'm not sure what budget you will get from selling that used phone, but it will be good and worth it if you really invest it. Remember that you have considered the risk of price volatility, but you should never ignore other risks including not storing your bitcoin on centralized exchanges for the long term. Get a wallet that fully gives you custody, it's much safer than trusting your money to other parties.

[TimeTeller]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.

It is good to know that you decided to act now than waiting for the price of Bitcoin to dip.  Buying Bitcoin now is securing your entry point at the current price.  If ever Bitcoin price goes lower, you can always have a chance to lower your average entry point by DCA.

Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

I agree, nothing is done through words but action.  I hope you can get a good deal in selling your extra phone so that you can buy more BTC from its sale.

It would really take courage to get involve in this market. But if your instincts is saying buy some today, then, go for it.
After reading suggestions and opinions of other people, and assessing your financial capability, then, maybe, you are ready to buy your first satoshis.
Not many users will take the risk of selling some of their gadgets to buy on this market. As no one knows what lies ahead,
you are relying on the reasoning that bitcoin is going up in the future owed to its increasing number of users.

[Asuspawer09]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

It's great to wait for the dip if you're going to buy Bitcoin it's probably going to be a great buy but in the cryptocurrency market, it is just so unpredictable so waiting probably is great if you are actually lucky where the dip is going to happen but sometimes waiting for the big dip is not going to be worth it and it's not going to happen then your going to lose your opportunity to invest in the end of the day not knowing that the market price is already too low and its a good time to buy Bitcoin already.

So the best thing to do as always is Dollar cost averaging by stating buying Bitcoin already and then you could start accumulating Bitcoin every week or every time you have money, that way you could always get on the market trend even if the market is up or down you are always in the market, probably you could increase your buying power when the market is down to maximize your profit, just make sure to only sell when the market is up or its Bullrun season.

[GiftedMAN]

It's never too late to invest in bitcoin don't let your eagerness push you into an investment that you didn't plan for. I don't know the make of the phone of the op and the amount that can be realized when it is been sold that can be used to purchase bitcoin for long term investment otherwise I would advice the op to work to gather more fund instead of selling the phone to invest because it shows that the op is not having much funds based on the explanation.

The price of Bitcoin is not stable and since it is always advised to invest with an amount that one can afford to lose, I don't think it is a good idea for the op to sell his phone to invest rather getting another fund to invest is the best option in my opinion.

[SmartCharpa]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

Selling your old phone is the best option for you if it is no longer useful to you and would make money for you to start investing. Rather than keeping the phone and passively watching without using it, you should take advantage of this opportunity while it is still available. Buying bitcoin with the proceeds would make much more money for you than simply passively keeping your phone without bringing any profit to you. That is the right path of action for you to pursue the goals you decided on for yourself because, in this life, we always replace what we lose with something greater.

[lovesmayfamilis]

I heard very often from newcomers that, having read stories about the growth of Bitcoin, they are also in a hurry to catch this train, selling their things. Someone sold his wife's jewelry, and someone sold his second motorcycle. But, OP, a phone is certainly not an essential item; have you thought about how you will invest further? If you don't have an income that allows you to save some money that you won't need for a long time, you shouldn't have high hopes for Bitcoin. Of course, practicing owning a certain amount is always better, but if you are a beginner, try to learn all the intricacies of handling and storage. And yes, be smart about what you sell for the sake of owning Bitcoin.

[rachael9385]

Whilst some people might have gambled by selling properties or borrowing money to buy Bitcoin and it worked out well for them, doesn't mean that's the appropriate thing to do. Just as i've asked the OP, if you are selling to invest for the first time, are you going to continue seling properties when next you want to buy Bitcoin. Obviously it is a personal choice and anybody can do whatsoever they want with their money, but what i am saying is that it is wrong to make it a habit of selling things just because you want to buy Bitcoin.

Yes, we know that it is not a good idea to use borrowed money or sell our property to invest in Bitcoin, but what do I have to say when the op has already taken his decisions? Besides, it is just a cellphone and a cellphone and I believe the cellphone is not a new one or the cellphone does not have use to the op anymore before he's he is thinking of selling it.
Anyway, it can all start little by little, maybe from selling off a cellphone. He may sell one of his cars to invest in Bitcoin. Anybody who has sold his/her meaningful property just to invest in Bitcoin is so eager to make the investment and that person can also go extra miles just to get BTC.

[Obari]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

I don't think you need people validation before buying and in whatever you're doing,  please make sure you are using only money you can afford to lose as there is nothing certain  in cryptocurrency in general.
I can relate very well with the joy that comes with owning bitcoin  for the first time and I can relate very well with it but whatever the case might be, please always do well to use a two factor authorization for all your  dealings so as to avoid any possible  scam and also avoid clicking on any random link especially  on exchanges and in general,  always remember you're responsible  for your safety.
Have a smooth sail mate.

[Dr.Bitcoin_Strange]

In the past, some users have sold their motorcycle, bicycle, piece of land, wife's jewelry, and even taken out loans to buy Bitcoin. That's to say that most people have done different things to invest Bitcoin, & if they are patient and hold their Bitcoin for a long time, they will make a profit from their investment. @OP, I am also wondering if you are a student or an employee. Because you can achieve a significant profit from Bitcoin depending on the amount you have invested, I guess you did not sell your less-used phone up to $100 since you did not mention it, and with that small amount invested in Bitcoin, you might not be able to receive tangible investment returns. So, it would be better if you had a job or a business that you could earn from and would be able to DCA Bitcoin and accumulate a significant amount before the bull market. Or are you planning on selling something else before you make another investment?

[cryptoaddictchie]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.

Cause no one knows if its the bottom yet or bottom already. Some will say dca cause thats a bit better than trying to fish the bottom cause if someone says that the bottom and its a total prediction only and not that accurate. Even legit traders can only have an estimate with it and even not pinpointing the correct answers. But historical info can help you decipher its potential movement.

[Peanutswar]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

If you are going for a long term buying dip is not too much a case buy your satoshi and wait for the next all time high, you don't need to get stress yourself when to buy or to sell, because your goal is for long term and from now its farm from it so you try it now, or else you want to learn the trading even the basic technical analysis you can now have an heads up which price is the possible dip and you don't need to worry too much because in the exchange you are using once the price hit the set amount you bought immediately or sell without hassle on it.

[icalical]

This is the advice that I would always gives to people who are asking when to buy Bitcoin, do your own research. Bitcoin is definitely good investment, but the market is not always in a good condition. By doing your own research you will be more confident in your investment, you won't easily give up and cash out your Bitcoin when the market turn red. If you buy bitcoin solely because of other people advice, when you loss some value on your portfolio, you tend to blame it to other people, you doubt your own investment, you validate your loss by selling your Bitcoin, while actually you have no problem if you are holding your Bitcoin a little bit longer until the market get better.

[Chilwell]

be smart about what you sell for the sake of owning Bitcoin.

This is the best advice for anyone who want to own bitcoin, owning Bitcoin is good but someone have to be careful on the process because it's very dangerous. Before you decide to own Bitcoin you have to plan for it, to avoid loss of your property and your money, having backup is the best, you can decide sell your properties for Bitcoin which is a good idea but sell the properties you can afford to lose. I'm not saying that Bitcoin is bad but maybe you need an urgent money to solve a problem and there is no any way rather to sell the bitcoin in your position, if the price is high then you are lucky but if it's low then you loss your money, I advice have back up for everything in life because it is very important.

[Cookdata]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

You can't buy a full bitcoin if you are not gallantly flamboyant with financial status, that's why you will be limited to only Satoshi but buying Satoshi doesn't mean you are not a big, a long mile start from somewhere, you don't have to wait for the price to go dip, there are days it goes down unexpected but you may not have funds available that time, so it's better you do dollar cost average and hold till the next halving, you will make good profits if you have the patience.

[Woodie]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.

Great choice mate 👍 

Just to reinforce the reason behind why many are opting you buy now is simply because BTC price forecasts says price expected to hit $100k + in the near future and others say price could rise as high as a million which makes current price of BTC discounted and everyone needs to be taking advantage of the price we seeing as it might "never" come this low especially with the BTC spot ETF in the pipeline and not forgetting the halving.

Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

A journey of a thousand miles starts with the first step, and that first step is buying any amount of btc and then hodl..good luck.

[Makus]

Thanks guys, for your wonderful advice, I have decided to practice DCA every month, and by the way I have purchased my first set of satoshi from an exchange.

Thanks for your comments.

[Coyster]

Thanks guys, for your wonderful advice, I have decided to practice DCA every month, and by the way I have purchased my first set of satoshi from an exchange.

Congratulations on your first BTC purchase, one more thing, don't keep your funds on an exchange, so i hope you've transferred the coins from the exchange you bought it into your non custodial wallet. If you have not, then there are good open source wallets for you to choose from, wallets like Bluewallet, Sparrow, electrum or if you want total privacy you can use Bitcoin core, then as your funds grow bigger you can consider getting a hardware wallet or setting up an air-gapped wallet.

[Kristiyana]

Like I always say, taking people's suggestion or advice sometimes is not good I mean It can be misleading at times but I am happy you know that Bitcoin is volatile in nature and it is also nice you know that Bitcoin is a long term investment and you are ready to invest and wait for like 10 years to see what will be the outcome. To me waiting for 10 years is kinda too much for me because if I want to invest I won't give a specific time I will just be monitoring it and looking at the behavior so that I will be able to know my next move.     

[2Pizza410000BTC]

I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.

I think those who gave you advice gave you good advice. Because Bitcoin is the best position to invest in right now. Many may think that the Bitcoin market can go down a lot but imagine if Bitcoin stops going down and goes up from the current price you will miss out on a lifetime. So if you want to invest at current price, you can invest from this instant price so that you can expect success later. If you have enough phones to use then you can sell your old phone but the amount of bitcoins you will get from selling your old phone may be very limited. If you are not able to earn then try to earn yourself and invest bitcoins with that earnings. Also I suggest you earn from bitcoin forum you must try to earn from forum and invest that earnings directly through bitcoin.