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Author Topic: Is there a formula for Bitcoin starters?  (Read 650 times)
stadus
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October 22, 2023, 10:18:24 AM
 #41

The formula is pretty simple, especially if you're looking at long-term investment. With the upcoming bull run, the best strategy is consistent investing. Whether it's on a weekly or monthly basis, put in what you can afford to lose from your real-life income into Bitcoin. We can't predict the exact price when we hit a new all-time high, but we might be looking at a potential 10x return on your investment. So, stay optimistic and don't get discouraged if you're starting with a small amount. The price of Bitcoin doesn't have any limits. Some even make super bullish predictions, like Bitcoin reaching $1 million each or $1 per Satoshi in the future. It's definitely possible, so get started now and stop asking too many questions.

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October 22, 2023, 10:20:51 AM
 #42

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
We can not know about future and I agree with you that our plan will save us.

A safe plan is never use 100% money for investment even it is an investment in Bitcoin.

My plan is using 70% of my money for investment, 20% for life expense and 10% for emergency.
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October 22, 2023, 01:41:53 PM
 #43

The first step to start investing is to learn about investing. As soon as you learn something new about investing, you have to put that new something into practice. Because in order to remember a subject there is a lot of need to do it practically. If you do something practically, you are less likely to forget it. In the first stage investment should be started with a limited amount of money so that if something goes wrong in the investment it will show huge financial loss. While investing with small capital, an investor can increase his money and invest at a stage when it seems that there is less chance of losing money if he invests at this time. Another thing that a new investor should keep in mind at the beginning of investing is that he should never be in a hurry to invest. New or experienced investors should never invest in haste.

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panganib999
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October 22, 2023, 01:55:31 PM
 #44

I say the easiest way to invest in bitcoin is to actually allocate money to investing, instead of just investing what would be left of your monthly pay if you're employed. The thing is that most of us here are living paycheck to paycheck, and by the end of the month, we wouldn't have anything left for ourselves no matter what we do. Allocating money for investing and saving money beforehand ensures that whatever happens your investments is taken care of since you already kept funds for it prepared.

If you can't invest really, because you're in abject poverty and every dime counts, I say you find a better job first, and then from there work towards allocating money for investing. If there's a will, there's a way as the old adage goes.
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October 22, 2023, 02:14:42 PM
 #45

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

There's no special formula, each person will learn their own way but the biggest thing a newcomer should be on their guard against is scams. Crypto currency is ultimately finance related and anywhere there is money involved will be people trying to target the naive. They can often be very convincing or reel you in with "special offers". The biggest thing is picking a solid exchange to start and then reading up on how to maintain your own private wallet if you choose that route.

R


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October 22, 2023, 02:29:33 PM
 #46

When your economic conditions are very limited and you have no other income in the near future, investing in Crypto is very risky because the price is very volatile. It is highly discouraged to invest in Bitcoin using money that should be used for other needs.
Bitcoin prices move in two directions, making it very difficult to predict when is the right time to enter and when is the right time to exit. Bitcoin can take you free from financial problems, but if you don't have money that is ready to lose or be stuck for a long time in investment than investing in Bitcoin becomes very risky.

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bestcoins1
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October 22, 2023, 03:01:22 PM
 #47

When your economic conditions are very limited and you have no other income in the near future, investing in Crypto is very risky because the price is very volatile. It is highly discouraged to invest in Bitcoin using money that should be used for other needs.
Bitcoin prices move in two directions, making it very difficult to predict when is the right time to enter and when is the right time to exit. Bitcoin can take you free from financial problems, but if you don't have money that is ready to lose or be stuck for a long time in investment than investing in Bitcoin becomes very risky.
What you suggest is very correct because investors who have been successful with their investment in Bitcoin also first manage their own finances for their living needs. So that the investment capital they use is not disturbed by their living conditions so that they can focus more on investing for the long term and gain profits because they have been able to survive for the long term. So it would be better not to force yourself to invest if your abilities are still quite limited, even though investing in Bitcoin is quite good and can provide financial freedom.

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October 22, 2023, 03:21:27 PM
 #48

The first step to start investing is to learn about investing. As soon as you learn something new about investing, you have to put that new something into practice. Because in order to remember a subject there is a lot of need to do it practically. If you do something practically, you are less likely to forget it. In the first stage investment should be started with a limited amount of money so that if something goes wrong in the investment it will show huge financial loss.
I think there will be very few people who will invest there without knowing something about it.I don't think if one knows about investment and then he can lose much by investing in Bitcoin. The risk of loss in Bitcoin is low, as there are only two seasons, the bear season and the bull season. Buy in a bear season and sell in a bull season, So people who know about it can invest with more amount in Bitcoin with less risk when prices fall.


While investing with small capital, an investor can increase his money and invest at a stage when it seems that there is less chance of losing money if he invests at this time. Another thing that a new investor should keep in mind at the beginning of investing is that he should never be in a hurry to invest. New or experienced investors should never invest in haste.

Looking at the current price of Bitcoin,  there is no possibility of getting any special profit from small capital.I think investing in Bitcoin requires a good amount of money.Haste in any place can lead to loss, but experienced people never rush like new people, but always look for a good opportunity where they can make a good profit by investing.Therefore, experienced people cannot be expected to be hasty.


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Aanuoluwatofunmi
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October 22, 2023, 04:54:33 PM
 #49

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

There are many formulas a bitcoin trader beginner can go through, first of all they have to learn about the specific aspect of bitcoin that interest them, follow a desirable pattern for accumulating bitcoin as such as using DCA, they can read further on this to improve their understanding and also make other consultations while going through these process for better understanding.


As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

Patience ofcourse is the key here, you can't expect someone because of their financial obligations finds bitcoin as the quickest means of meeting a particular financial target they had, this cannot come as they expect except they can hodl to a certain point.

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DubemIfedigbo001
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October 22, 2023, 05:07:54 PM
 #50


If your money is used for your survival, don't think about investing first. Most of the time you will sell those investment when the time that you need the money.
Exactly, don't invest if the money is estimated to be in use at a certain point in the future. Its just like penny wise and pound foolish. A simple understanding of bitcoin tells you its no ordinary investment. There is no period of time you're promised of its appreciation or is the any fixed ROI. You have to wait till whenever it will increase in value to get profits. So any money you use in buying bitcoin should be as good as forgotten money until it appreciates. Do not hope on your investment in bitcoin to avoid  frustration and depression. Surely, you'll get profits, but nobody knows when exactly. So take inventory of yourself and decide if you're cut out for it or continue working on your funds until you're able to do that. Whenever it is that your ready. You're still on time, so no need for unnecessary pressure.

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October 22, 2023, 05:09:04 PM
 #51

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
Answers that might help you to invest better in Bitcoin with small finances also have a need for needs that can be urgent at any time in your investment journey.

First you have to look at the amount of income that you can produce within one month, then calculate how much money you spend in a month for your life and activities, then see how much money you can set aside after your expenses, the two money broke out into two streams, first for the second emergency fund to invest in Bitcoin, so when you need money at a certain time that is outside your budget, you can use the emergency money that has a storage and your investment in Bitcoin will run safely.

If the remaining money for your needs is very small, then what you need to do is increase your ability and find additional jobs so that you can get more money to invest and increase your emergency funds, hopefully it is quite helpful.

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October 22, 2023, 05:26:28 PM
 #52

I think it doesn't matter on how small or big you invest in Bitcoin but what matters most is that you use extra money on it. I know that if we use the hard earned money we got from our job we cannot afford to lose all that. If you have investments, take the profit, invest again and then save. You need to diversify your funds and investments for security reasons.



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Rainbot
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October 22, 2023, 06:11:23 PM
 #53

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

Starting with a small capital is just fine as you are just building experience as a starter.

Slowly but surely, while progressing, you will eventually step up to another level and at that time you should now have at least knowledge on how to deal with bitcoin trading or anything related to methods of accumulating bitcoin. Just take it slowly and have patience. Don't rush and build experience seriously and while moving forward, you should know some ways as the best approach.

That's the formula.
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October 22, 2023, 06:31:08 PM
 #54

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
If we don't have a large capital to start Bitcoin investment, there are so many ways we can recruit ourselves to earn in other coins and later we can convert the coin to Bitcoin but selling them and using the fund to purchase Bitcoin. There are bounty section we can earn some altcoins by participating in them and earning there coins so when the coin is launch and added value, we can convert to any other coin or better still we can sell and use the fund to invest in Bitcoin. There are airdrops also we can participate in to earn altcoins and if the project get launched, we can use the fund to  Bitcoin and keep.

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October 22, 2023, 06:47:47 PM
 #55

Know what you are engaging yourself with + Self Discipline = Profit.
Nah, just kidding; there’s no formula. The problem with beginners in this industry is their mindset; those who are viewing this technology as an easy way to get rich, are those which are usually giving up once they encountered extreme volatility in the market. They are mostly impatient which yields to wrong decisions and of course, loss. Best thing to start with is to have the right mindset; you are looking for an investment and no investment would generate assured profit. Keep in mind the risk of losing in order to set your own limits with your fund and to be able to avoid risky decisions. Invest not only in this technology but also with knowledge.

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October 22, 2023, 06:57:29 PM
 #56

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
Don't invest with money you can't wait for at least 2-5 years for the result, however, you can apply an investment formula such as the method we use when we want to save money in a saving box by investing a percentage of your income in a weekly and monthly basis and do this for a period of 3, 6 months or even 1 year plus.
In the end, you will be shocked by the result or the amount of Bitcoin you have accumulated throughout that period.

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October 22, 2023, 06:59:57 PM
 #57

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
If money is that tight then you do not have anything to rely on other than your luck and hope that things go well while you are invested in bitcoin and its price is low, it is not the most reassuring answer but it is an honest one, as most investors will keep an emergency fund of a few months of their salary to avoid touching their assets during those difficult times, but if your capital is that low then it is unlikely you will be able to do this.

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October 22, 2023, 07:26:37 PM
 #58

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.
Everybody would have to consider surviving before considering investing. If you know that your earning is not enough for you to save and invest, then just focus on providing your basic needs. Alternatively, you can seek another source of income that will increase your earnings.

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As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
The first thing is to plan how you want to organize your income, expenditure, and investment. Ensure you budget enough funds for your basic needs and avoid waste. Set aside a portion as emergency funds for unforeseen occurrences. If you still have extra funds, it can be used to buy Bitcoin regardless of how small. If you keep applying the DCA method, you will be surprised at how much you have invested in a few years.

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October 22, 2023, 11:42:25 PM
 #59

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.
If money is that tight then you do not have anything to rely on other than your luck and hope that things go well while you are invested in bitcoin and its price is low, it is not the most reassuring answer but it is an honest one, as most investors will keep an emergency fund of a few months of their salary to avoid touching their assets during those difficult times, but if your capital is that low then it is unlikely you will be able to do this.
These days whether it is investment or business or whatever, based on the capital involved will be the profiting. When the capital isn't good enough what you get out of it will be very low. As said in such situation, being hopeful and luck is the only choice to get you best outcome. Even with patience you won't be getting big with small capital. In such situation it is good to risk and look for regular earning through trading. It gives better practice as well as help us with increasing the volume of holding. In emergency you should understand what is the priority and act, there shouldn't be any second thought once you've used it unlike the Market.

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October 23, 2023, 01:24:21 AM
 #60

Some even make super bullish predictions, like Bitcoin reaching $1 million each or $1 per Satoshi in the future. It's definitely possible, so get started now and stop asking too many questions.
$1 per satoshi?

Bitcoin Units tell me that 1 bitcoin = 100,000,000 satoshi. If 1 satoshi worths $1, 1 bitcoin worths $100M.

Is it possible?

I want to be rich with Bitcoin so I want to see 1 bitcoin = $100M but I honestly, think it is impossible.

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