My bitcoin journey has started again

[JayJuanGee]

Since it is 3 months already, I want OP to give some updates regarding his investment situation because I don't want to assume that he is now in a huge profit. But the question is if he still holding till now or if he might sell them when the price of Bitcoin reaches $40k last month. Because it was not new to us here and we've been hearing the same stories and sadly, some of them just quit after a few days after investing as they can't bear to see their portfolio dump as the market crisis arises.

We can say it is a good idea for someone to start to invest Bitcoin but the question is how it ends --profiting or losing?

Exactly.   We get a lot of seemingly newbie bitcoiners who enter their bitcoin journey with supposed BIG plans to buy bitcoin and to be invested in bitcoin for years and years and years, but then we frequently seem to end up with radio silence.. they just poof disappear and fail/refuse to continue to update, which does not necessarily mean they ended up with losses, or even failure to gain by selling too much too early, but it does seem to indicate some lack of enthusiasm to continue to discuss the employment of some kind of a longer term strategy.. and surely if OP had started with $10 invested, then surely he could continue with $10 per week or $10 per month, and likely still be in profits.

Tis the tough road of Bitcoin HODL unless you have the discipline of a country like El Salvador with the Bukele tracker where you track the price of Bitcoin over time and the discipline to rebuy you can take quite the loss.
https://nayibtracker.com/

Sure there are a few things that you likely need to do to make sure that you are not overinvesting, which is to invest within your discretionary income and have an emergency fund, and then just continue to be persistent.  I doubt that countries are better off merely because they have a larger budget.

In other words, you likely have a smaller budget, but you are way more flexible and able to plan your own things, rather than being a company or a country that has to account for various interests, such as shareholders and/or citizens.

That position was pretty bad as they bought during the 70,000 peak and average bought down to the current market price if they sold like they were told too they would have taken quite the hit. But they didn't are still holding and while its only up a million dollars now on the position hey at least its positive again, and they have no plans to sell.

Does not seem that unusual to me.  Anyone who bought during 2020 and 2021 could have gotten caught in a similar kind of situation in which you go through down before going through up., and if you have conviction, your BTC portfolio size keeps growing during that time, even if your holdings might be in the negative for a considerable period of time... such as 2-3 years... so yeah, El salvador seems to be only right around 2.5 years..  for its BTC accumulation period..

No need to deify them.

So don't let the short money get in the way of making good money in the long run.

That seems true.. stay consistent, persistent and ongoing... sounds like a good plan.

I guess the lesson from El Salvador is to not DCA only for 1 to 2 years but keep the DCA going for multiple years and with split amounts eventually you will get back to green over time.

Fair enough.

They did start in 2021 though so 3 years and going however point is that DCA does work.

I am pretty sure that they are a little less than 2.5 years..  Of course, they announced that they were going to legalize bitcoin in June 2021 (meaning making bitcoin legal tender in El Salvador), but that was three months before the legal tender law went into place, so when I google the question, it appears that El Salvador made its first BTC purchases in September 2021.. yet there is probably more accurate information out there, even though El Salvador has been accused of being a bit too obscure in regards to the quantity of their BTC and their custodial arrangements.. which may have a bit of validity, but the secrecy is a bit justified too.. but since they are a government, they probably should be a bit more detailed and specific in regards to their BTC holdings.. ..

But individuals do not have to disclose these kinds of matters, so in that sense public entities are different from individuals  and/or institutions who might follow similar kinds of practices to accumulate BTC and having to go through some tougher periods in the earlier years of their BTC accumulation journey, and I am not even sure if it is better to start in a down period or to start in an up period since there surely are advantages to accumulating during down periods.

[SeriouslyGiveaway]

Congratulations on your first Bitcoin investment! I also believe that knowing about Bitcoin and researching it is just the first step. You have to actually invest your money in it, immerse yourself, and truly participate in this market to fully grasp what you've learned. I think the initial investment amount doesn't matter much, as long as it's within your control, and, most importantly, you have to be responsible for it. If you decide to hold your Bitcoin for a long time, you should learn how to store them securely, and a hardware wallet is a top priority.

Finally, don't be swayed by the short-term growth waves of Bitcoin if you decide to hold for the long term. If you're patient enough, this small initial amount can surprise you in the future.

[reagansimms]

Large holes are created due to small water droplets continuously falling in the same place, this is the investment strategy that must be implemented to create large amounts of assets. You have to do it consistently, especially now that you have been accepted into the Bitcoin payment signature campaign, combining income on the forum with income outside the forum will shorten your time to create a big bubble in investment. Wise decisions will provide satisfying results, support from other members will be additional motivation for those of you who are trying to do something extraordinary in your investment journey.
Hopefully you become a successful Bitcoin investor.

[MusaPk]

I did a small calculation and figured out that you invested around 11 USD (10,000 Nigerian Naira) on Oct 7, 2023 and got 0.00035334 Bitcoins which are now worth 15.3 USD. So you are in profit, congrats.
If you don't have enough money then its better to keep investing small amount periodically into Bitcoin aka DCA. Not investing anywhere or not utilising your small money will give you nothing. 

[AYOBA]

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

[Baki202]

Congratulations on your first Bitcoin investment! I also believe that knowing about Bitcoin and researching it is just the first step. You have to actually invest your money in it, immerse yourself, and truly participate in this market to fully grasp what you've learned. I think the initial investment amount doesn't matter much, as long as it's within your control, and, most importantly, you have to be responsible for it. If you decide to hold your Bitcoin for a long time, you should learn how to store them securely, and a hardware wallet is a top priority.

Finally, don't be swayed by the short-term growth waves of Bitcoin if you decide to hold for the long term. If you're patient enough, this small initial amount can surprise you in the future.

Everything starts with a step, and the ones that have already been mentioned should not be taken lightly because everyone's journey depends on those steps, and the main reason why most people fail when they first start using bitcoin is precisely because they did not value those initial steps. After studying and conducting research, overcoming certain obstacles during the practical phase will be simple. Furthermore, if traders hear this information, they will be able to recognize when an analysis is incorrect even if they are looking for indications. And having the money to invest is the least the management is the most important. People have different ways of managing their bitcoin. The early investors did not expect the price to be this high.

Large holes are created due to small water droplets continuously falling in the same place, this is the investment strategy that must be implemented to create large amounts of assets. You have to do it consistently, especially now that you have been accepted into the Bitcoin payment signature campaign, combining income on the forum with income outside the forum will shorten your time to create a big bubble in investment. Wise decisions will provide satisfying results, support from other members will be additional motivation for those of you who are trying to do something extraordinary in your investment journey.
Hopefully you become a successful Bitcoin investor.

Even with a small initial investment, droppets can have a significant impact over time. Getting a stream of income will also make investing more exciting, convenient, and straightforward. However, because of the high costs involved, neither you nor anyone else will find investing in bitcoin enjoyable. I believe in investing and profits so if it is taking seriously.

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

It's a tremendous move that he even tried, considering that there are people who know about investing but are still hesitant to do so not because they lack the funds, but rather because they would feel safer keeping their money segregated. This is the reason why some people are still hesitant to invest due to unfounded rumors they have heard, failing to realize that if they safeguard their bitcoin, it will be difficult for them to lose their money; all they need to do is follow the right protocols and they should be set to go. Additionally, it's always beneficial to be properly trained and knowledgeable about the bitcoin ecosystem. Even though you didn't invest a large sum, your profit is guaranteed.

[Ale88]

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Congratulations! And don't beat yourself up, it may seem a small amount but at least is going to help you to change your mentality about the way you manage money. Of course it would be nice to have more bitcoins but since I discovered it I began to question myself more and more about the way I used to manage my money and I completely changed it now. Of course I'm not rich but without discovering bitcoin and learning more about finance for sure I would be in a riskier position right now, so just keep buying and keep learning!

[Assface16678]

I did a small calculation and figured out that you invested around 11 USD (10,000 Nigerian Naira) on Oct 7, 2023 and got 0.00035334 Bitcoins which are now worth 15.3 USD. So you are in profit, congrats.
If you don't have enough money then its better to keep investing small amount periodically into Bitcoin aka DCA. Not investing anywhere or not utilising your small money will give you nothing. 

If only he still holds the asset, but I hope he continues on doing DCA because if your calculation is right, he could have earned more. I'm amaze that you've spent time and effort doing calculations for our forum mate. I'm also being updated on his journey, and I hope he posted more about what happens on his investing journey. Many of our mates here have also started their investments and are sharing their experiences and first time buying an asset, but not all of them are posting updates about what happens to them after they initiate their investment. That's why I'm wondering if all posts like this are true or true to life because I'm tired of reading about topics that look like made-up stories just to have a topic, but this forum mate of ours showed proof about his journey, just hoping for more updates from him. Anyway, good luck to the OP's investment journey.

[criptoevangelista]

This is a choice that will completely change your life.

Never give up, draw up a plan, a goal and be completely faithful to it, you always have to take the first step, even if it's for a new beginning.

Good luck on your journey, you will reap good results in the future.

[Bloodseekers]

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

If we have decided to make an investment, of course we have to understand well what we are doing and it would be better if we studied it first about the investment we are going to make so that we can know about the risks we will get from the investment and it would be better if there were People who understand well can help us learn about the investment we are going to make so that we don't make mistakes in making investment decisions. When we understand investment well, we have to use funds that we won't need for other purposes so that we don't disturbed by the investments we make.

[Hewlet]

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Here are proofs to backup my claims.

reference: 20543928429965520896

                  

congratulations for making this decision. Thiers a huge difference between just making positive statement about the we have in bitcoin and also putting it to work. Their are so many persons just talking about the importance of holding bitcoin but have never bought a dime or even accumulated it through any means and so I applaud your decision.

Don't be discourage by how little you've started, for me, it's even best to start this small so you can just add up with time at your own pace and convenience

[peter0425]

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

If we have decided to make an investment, of course we have to understand well what we are doing

Who is on their right mind that will not dig better before investing their money? knowing that you may lose that if you don't take a look and understand the investment before?

and it would be better if we studied it first about the investment we are going to make so that we can know about the risks we will get from the investment

you have just echoed what you have said in the top and that is almost the same point .

and it would be better if there were People who understand well can help us learn about the investment we are going to make so that we don't make mistakes in making investment decisions. When we understand investment well, we have to use funds that we won't need for other purposes so that we don't disturbed by the investments we make.

this is why we need to ask this forum first to find a best mentor .

[Nheer]

This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.

With the current high fees I think my signature campaign rewards will be stuck on my wallet and makes me wait for months or even years and I think this serves as an investment for me because I have no choice. 😅 Currently, I got .0022865BTC and weekly rewards keeps on coming, though just a small amount but still better than nothing. 😁

This is DCA strategy of it’s own even though it wasn’t your plan initially but saving up your weekly signature earnings will accumulate you enough bitcoin before you realize it which will be an investment for you. Not everyone is able to do this but i hope now that the mempool is no more congested and now that transaction fees is not high anymore you would still stick to holding your weekly earnings in your wallet without touching them for months or years as you have intended.

[Cryptoearner]

I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself.

Here are proofs to backup my claims.

I am also planning to do same, after seeing some and yours thread I think I should invest some amount of money in BTC on daily basis at average rate and can hope to generate passive return in long run. Best of luck with your investment and I suggest to keep updating monthly or as you want so other can get attracted.

[Samlucky O]

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Here are proofs to backup my claims.

reference: 20543928429965520896

                  

Thats a great move. Don't dispise the days of your little beginning jus as the saying goes. The journey of a thousand mile begins with a step.  But the step should be a continuous step and not a half way. The journey of hodl migh be a thought one though which implies that you might sell off your stach when problem arise. That why @JJG always emphasise on having a reserve fund or emergency fund in other to back up your holdl journey. Because without emergency fund there is a high tendency of selling your coin at any given time. So my advice is for you to have reserved fund to be able to achieve your journey.

[BabyBandit]

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Here are proofs to backup my claims.

reference: 20543928429965520896
           

Hi DubemIfedigbo001. I think what you just did was a very good decision when we have BTC halving around the corner. And you seems to know how to handle this in a good way when you saying this:

I believe that a practical approach to learning is the best approach

So you seems to know what you doing and you not stressing and doing it slowly and safe.

Congratulations and good choose and keep farming and stacking more Satoshi and in the end you will have a good portfolio! And always patience is gold. 
But a question, why do you feel that you need to back up your claims with a picture? Me for example would believe you anyway, how ever you do of course what you feel its right.

Good luck on your journey mate!

Best regards
/ BabyBandit.

[cozytrade]

You have done a smart thing, it is important for every person to invest in bitcoins or have involvement with bitcoins. You may have been away from Bitcoin investing for a while but now plan to resume your Bitcoin investment involvement. You must have realized how independent investing in Bitcoin can make an investor. I have seen with my own eyes many people who have managed to change their fortunes by investing in Bitcoin and holding it for the long term. To change your fortune or make yourself financially independent, consider investing in bitcoins and holding them for the long term. Your patience is the only thing that can take you to the pinnacle of success in Bitcoin investing.

[bonkbullet]

Congratulations and welcome the bitcoin holder family!

[kotajikikox]

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Here are proofs to backup my claims.

reference: 20543928429965520896

                  

That was in October so I assume that you have added more over the months passed?  0.0003 bitcoin is indeed a good start
but that does not ring a bell even if bitcoin crosses a hundred thousand so If I were you , try to add more from here and there and since you are
enrolled in Bitcoin paying campaign it will be easy for you to add more each week, am not saying you should invest everything because there might
be other expenses needed but surely you can do better from that.

[Rockstarguy]

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

It is even better you start investing with the small amount of money you have that you can afford to lose because this makes investing to be easy. One thing people don't understand about bitcoin, waiting to gather enough money to invest can be when the price of bitcoin will be increasing,  and this can make some beginners planning to invest thinking that for bitcoin price to increase it will be to expensive to invest and this will just totally make them to suspend investing bitcoin.  Bitcoin can be bought in small amounts at anytime, the amount of Bitcoin to buy or time to buy is never a limitation to bitcoiner.

Every amount spent to invest in bitcoin will surely bring profits,  and it is always good you buy bitcoin account ones financial capability than saving big amount of money just to invest in bitcoin.