My bitcoin journey has started again

[Wiwo]

Welcome to the smart financial side of life which is bitcoin  and I love seeing  people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge  of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin  is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.

Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time,  so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because,  bitcoin have proven over time to be the best store of value for long term invest and for that,  you must have to play along with the current trend and build a good knowledge of the market before diving into it.

This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.

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[barisbilgili]

Welcome to the smart financial side of life which is bitcoin  and I love seeing  people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge  of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin  is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.

Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time,  so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because,  bitcoin have proven over time to be the best store of value for long term invest and for that,  you must have to play along with the current trend and build a good knowledge of the market before diving into it.

This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.

Before they make the decision to start, of course they have seen people who have been successful in this field, so they dare to decide to start learning about how to invest or trade and also the risk of losing their money if they make mistakes which could happen because they are just starting out. I agree with you that it is important for those just starting out to be able to build their knowledge to be able to develop in the field of trading and be able to profit from it.

[TelolettOm]

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.

It is true, you get nothing if you are only discussing Bitcoin but you never invest in Bitcoin. You've made the right decision by spending little funds on Bitcoin. It will become a bigger number if you continue buying Bitcoin consistently although it is with small funds weekly/monthly. The hardest part is to keep holding the Bitcoin and be consistent in buying Bitcoin.

I wish to take my journey to another level of involvement, hence my decision.

What level do you expect?
Do you want to be a bigger holder? A person who holds Bitcoin with a big number.

I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

How long you plan to hold it?
I assume you still need to plan about how long to hold it.
You won't hold it forever. There should be time to sell your Bitcoin if you buy Bitcoin for an investment.

Anyway, what tragedy you experienced previously? 

[Yatsan]

Welcome to the smart financial side of life which is bitcoin  and I love seeing  people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge  of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin  is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.

Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time,  so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because,  bitcoin have proven over time to be the best store of value for long term invest and for that,  you must have to play along with the current trend and build a good knowledge of the market before diving into it.

This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.

Before they make the decision to start, of course they have seen people who have been successful in this field, so they dare to decide to start learning about how to invest or trade and also the risk of losing their money if they make mistakes which could happen because they are just starting out. I agree with you that it is important for those just starting out to be able to build their knowledge to be able to develop in the field of trading and be able to profit from it.

Actualization is way different from planning. There would be factors you won’t be able to recognize in your planning phase such as with volatility itself. You’d be analyzing the market as is but factors such as FOMOs concerning news could really make a huge impact with Bitcoin’s market value. There are alsk irregularities price’s behavior that no texbook would explain. Actualization means to see it for your very own eyes. It will also help you develop coping behavior once you suffer from loss. In my case,knowing when to buy and sell is what I have learned differently when I started actually investing in this industry. Textbooks would only tell you to buy low and sell high but what about the cycles? The price won’t only go up and down in an instant. There are sudden motion changes and I have only realized it later when I suffered from my first loss. Creating your own analysis is a good thing but has its own limitation, the best thing to do is to do both analysis and actualization to make a more efficient investment output.

[Obari]

Welcome to the smart financial side of life which is bitcoin  and I love seeing  people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge  of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin  is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.

Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time,  so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because,  bitcoin have proven over time to be the best store of value for long term invest and for that,  you must have to play along with the current trend and build a good knowledge of the market before diving into it.

This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.

Before they make the decision to start, of course they have seen people who have been successful in this field, so they dare to decide to start learning about how to invest or trade and also the risk of losing their money if they make mistakes which could happen because they are just starting out. I agree with you that it is important for those just starting out to be able to build their knowledge to be able to develop in the field of trading and be able to profit from it.

Most times, internet videos make trading seem very easy and attainable by everyone but the truth is that, trading isn't as easy  as it seems on the internet and anyone getting into trading shiukd be ready  to spend good quality time and money learning and possibly  get a mentor rather than jumping on a broker with hopes of lucks.
I once traded synthetic indices and I do understand the risk involved in trading and that's why I always do my best to let especially  newbie traders to take their time in learning before investing any money in trading as nothing is guaranteed in trading.

[Blitzboy]

Your "little drops of water" concept is fantastic. Its true that even the biggest endeavors frequently begin with small steps. But consider this: won't the ocean become somewhat static if we all continue making modest contributions and then just hodl, hodl, hodl?

I must also ask: have you thought about allocating some for diversification into other assets or cryptocurrency coins? Sometimes diversification saves your life. Even if that basket is quite dazzling right now, you shouldnt put all of your eggs in it. In any case, good luck with your investments and may your money grow!

[ChiBitCTy]

I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin. This post of hope on bitcointalk I guess is a good way to feel positive about your investment or whatever, just make sure that if that bitcoin value were to go to zero, that it’s not a huge financial burden to you.

Diversification is key, but stability is what should come first in any portfolio. Just make sure to remember that.

[BlackBoss_]

I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin.

Also be careful with how he stores his bitcoin.

He bought it through Binance P2P trading and I hope he did not and won't store his bitcoin on Binance.

Reminder: do not keep your money in online accounts

Choose wallets
Chose your wallet.
[LIST] Open source hardware wallets.
Recommended wallets.

As a newbie, I advise OP to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum.
The paranoid user's security guide for using Electrum safely.

With Electrum wallet, multisig and cold storage wallets are available.
Creating a multisig wallet.
Creating a cold storage wallet.

[Bitcoin_people]

You have made a good plan, your decision to take this investment is truly remarkable. Since you have purchased a small amount of Bitcoins now, you plan to buy more Bitcoins later. Also, no matter how much Bitcoin you buy, it's always risky not to use a centralized exchange. As much as possible you should use a strong hardware wallet for your money, it will give maximum security and safety for your money. Moreover, if you invest this amount of money every month in Bitcoin, you will have a good capital at the end of the month. So your plan is really good and you continue your investment once you can own a good amount of bitcoins.

[Sim_card]

Mate, you have taken a bold step into the cryptospace and I applaud you for that. No amount is too small to invest with. However, you should try as much as possible to continue buying regular with this amount so that bit by bit, your bitcoin portfolio will keep on increasing. One don't need to wait until he has all the knowledge of bitcoin or a huge sum of money before investing, because the best way to gain better knowledge on bitcoin is to also put it into practice as both knowledge and investing goes hand in hand. Keep on learning more on what you have invested in (bitcoin) and keep on growing your investment.

[legendbtc]

I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin.

Also be careful with how he stores his bitcoin.

He bought it through Binance P2P trading and I hope he did not and won't store his bitcoin on Binance.

Reminder: do not keep your money in online accounts

Choose wallets
Chose your wallet.
[LIST] Open source hardware wallets.
Recommended wallets.

As a newbie, I advise OP to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum.
The paranoid user's security guide for using Electrum safely.

With Electrum wallet, multisig and cold storage wallets are available.
Creating a multisig wallet.
Creating a cold storage wallet.

Looking at the amount of bitcoin he bought from Binance, do you think that would be enough for him as a transaction fee if he withdrew it to his non-custodial wallet? I think his participation in this forum means he already knows about the risks of storing bitcoins on centralized exchanges but sometimes because there are so few bitcoins, withdrawals to non-custodial wallets not wise. Maybe he's waiting until he has accumulated a decent amount of btc and withdrawing them in 1 go to save on transaction fees.

[jaberwock]

so 0.00035334 is a good start. it is about  10 US dollars

In many parts of the world 10 US dollars is an affordable amount.

May I ask do you plan to buy 10 USD a week or two Weeks or a Month? For the next year then reassess your next move?

Yea, the amount is relatively small, but it's someone's salary here in my country, and most people wait for 28 days in order to get paid that amount. It sounds funny or sad, but it's the truth.

For the OP to be able to buy that amount, I believe it's earning more than that, and if there is an increase in his income, he can go for a weekly or monthly accumulation, which can help him secure a rationale before his targeted time.

28 days of working for 10 dollars? Dang. It wasn't funny but it is sad. Those who find it funny and laugh about it will soon get their reward soon. Maybe worse thing can happen to them like their business will get bankrupt and they will live in the streets without anything. Obviously, the OP is earning more than that for him to afford it because if not, he can prioritize other more important things first and can hardly invest just like what most poor end up.

And in investing, we are often told to invest only amounts that we can afford to lose. It is rare that someone will invest big amounts which are outside of their capacity. They are lucky if their outcome is positive. If not, they can lose their mind and break their lives. Most jobs are being paid per two weeks or monthly. I think this is also how DCA is done. It's much easier.

[AHOYBRAUSE]

Welcome back on the train of happiness.

As others have said, I also think now is the perfect opportunity to come on board and start investing again.
The market looks promising and even though of course we never know what's gonna happen the signs are pointing towards an uptrend rather than down.

it's wise to start the way you do, just in smaller amounts, but steady. That way you can increase over time and hopefully build a nice portfolio for yourself!

[TakeItEasy]

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.

You have to start with a small fund, we can suggest that other coins with a small fund are better, but in Bitcoin the more we fund, the more we engage ourselves in trading. Although that is a good decision to invest now in Bitcoin, the price is quite good to buy, so you easily get a profit in the coming year i.e. 2024.

You must be proud of your decision as Bitcoin Halving is coming, and always we know Hodl is the key to success. You can buy with even this amount in pieces, you have to look at the prices in different stages and you can easily buy at different prices to get fully involved in it and get your full benefits through your investment.

[wxa7115]

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.

Everyone has to start somewhere, only those that have already saved a lot of money can get away with investing a significant amount of their savings in bitcoin, the rest have to start small and accumulate all the satoshis they can.

The main factor here is to be constant, there have been studies that show that a person that begins to invest just a few dollars per day and do so for decades will at retirement age become a millionaire, this shows the strength of consistency and compounding interest, and with the volatility of bitcoin such a result should be even easier to replicate.

[DabsPoorVersion]

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.

Everyone has to start somewhere, only those that have already saved a lot of money can get away with investing a significant amount of their savings in bitcoin, the rest have to start small and accumulate all the satoshis they can.

The main factor here is to be constant, there have been studies that show that a person that begins to invest just a few dollars per day and do so for decades will at retirement age become a millionaire, this shows the strength of consistency and compounding interest, and with the volatility of bitcoin such a result should be even easier to replicate.

Even how small it is, an investment is still an investment. The money he invested in Bitcoin will grow over time, it may be small for now, but in the long run, the invested amount will be more than double of its expected amount. If this is done every week or every month without fail in this current price of Bitcoin, that would be a great accumulation.

That's true, what's important is all about consistency and not the amount of money being invested. Small or big amounts of money, it doesn't matter as long as you have the plan to invest for a better future.

[Don Pedro Dinero]

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.

I don't know how you did the numbers, I think you did it upside down and missed a 0.

0.00035334 bitcoin for 4 weeks for 12 months gives me 0.01696032 bitcoin which would be about $468.49 at today's price, not 10 times more as you calculated. Anyway, if the OP lives in Nigeria, that might be a good amount of savings for him.

[Strongkored]

I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.              

You just need to consistently buy it and also store it in the right and safe place so that it doesn't experience hacking and so on so that your investment is in vain. That's why it's important to learn about security for storing Bitcoin, but what's no less important is that the money you use to invest is really money that is not for important things because you are very likely to sell it in a hurry because you are pressed for important needs, and the amount you use to buy is the amount you can afford to lose, and congratulations on your start as a Bitcoin investor.

[peter0425]

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

                  

seems that you forget to mention why you say this is starting again? have you stopped and sold all your bitcoin in the past?
or what you mean is that your investments continues ?
well if you mean to be again like invested in the past then stopped and now re investing , then that is a different thing from continuously .buying one at a time.

[YUriy1991]

Definitely must have financial resources for it and this is a worth while personal effort. This means that this is a conscious effort on your part and this requires time and experience too. For new investors, whether individuals or others who have just entered, they must be very careful in diving into this new area, at least someone has learned how investing works and Bitcoin trading patterns in the market.