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Author Topic: Start with the little you have, you don't need millions of dollars to own BTC.  (Read 547 times)
bayu7adi
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November 17, 2023, 04:12:50 AM
 #41

Accumulation can also be referred to as DCA ... however, I'm a bit skeptical about newcomers entering Bitcoin just because they see their friends making significant profits and are eager to buy Bitcoin. Newcomers usually don't understand that investing in Bitcoin requires patience; sometimes, it takes more than 6 months to truly see profits, or even several years. The mindset of instant profits should be kept away from those who are new to learning about Bitcoin; it's truly a poison that affects their emotions and only makes them frustrated because the price movements don't align with their expectations.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.
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November 17, 2023, 04:58:30 AM
 #42

If you only have a small funds, you can also be called investor if you invested in Bitcoin. You have to think twice before you make a decision since it's only a little amount. If you don't have knowledge in investing or in trading, it's not the best idea to use your funds since it only increases the risks of losing money. You have to gain knowledge first, learn how to analyze the market, and back test so that you can gain confident that your plan will work.
After researching and learning about Investing in Bitcoin I always advise newbies to Invest a small amount at the beginning of the investment. This will enable them to make less costly mistakes as embark on the journey towards mastering the Bitcoin system. Understanding and mastering wallets, privacy, security, and other important aspects of Bitcoin investment is vital before putting large sums into the system.

Also avoid checking the chart from time to time as it will generate negative emotions that affect your decisions. Always stick to your plan and trust the process, you will get what you want soon.
FUD is an issue that makes some investors dump their plans and sell off what they have invested prematurely. Looking at the charts consistently is one way to generate fear and listening to or reading information from social media and some untrusted media houses also infuse the feeling of uncertainty. Some of these platforms are specialists in spreading FUD and as such we need to avoid them. My advice to newbies is to always follow their investment plans and verify every information that interests them.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.
Just as we keep  money in savings accounts, keeping a small amount of Bitcoin consistently could lead to a handsome profit in a few years. But the problem is that most beginners are not patient to keep saving because they have been brainwashed by some altcoin developers and promoters that the crypto space is a get-rich-quick industry.

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November 17, 2023, 05:28:16 AM
 #43

I also started out buying like that, with every single cent that I could spare, but that is not neccesarilly the best way to do it. I changed my strategy slightly by hoarding the "cash" until the price is favorable to buy more bitcoins.

So why should you be forced to buy at a high price, if you can keep the cash and then when there are a drop in the price... buy more bitcoins. The timing of these buys are crucial and you should never buy in a Bull market..... rather wait it out and buy when it drops.  Tongue

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November 17, 2023, 05:50:57 AM
 #44

Not sure why people keeps seeking to buy Bitcoin in Whole  i mean a Piece when we can just buy the lowest we can but will consider us as investors are already .
If I remember it right , have only bought small amount as 20 dollars and that is my starting capital but eventually buying up to now.
this made me investor and also a HODLER , we must always consider buying when there is available fund but can be willing to risk .
The reality truth and advice is that it offers you a better profit if you can invest with the least Capita at hand which could generate you gradual incomes while you strives to top up your trading Bitcoin wallet to your benefitted amount that tends to profer you the huge income as dreamt else, other times could be a wasted one because you ignorantically failed to take advantage and make your unreadiness a productive time (s).
that is why Bitcoin is the perfect investment because surely you can generate passive income depending to how much you invest on it.
so yes small capital is better that keep looking for high capital but cannot make it through .

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November 17, 2023, 05:53:06 AM
 #45

Accumulation can also be referred to as DCA ... however, I'm a bit skeptical about newcomers entering Bitcoin just because they see their friends making significant profits and are eager to buy Bitcoin. Newcomers usually don't understand that investing in Bitcoin requires patience; sometimes, it takes more than 6 months to truly see profits, or even several years. The mindset of instant profits should be kept away from those who are new to learning about Bitcoin; it's truly a poison that affects their emotions and only makes them frustrated because the price movements don't align with their expectations.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.

That's what we called hype riders, meaning they want to enter an industry that they don't know or that is new to them just because they see its value or because a lot of people earn from it. I think many people invested and got interested in bitcoin or other crypto coins when the NFT's were popular. I will not say the specific game, but in my country, that crypto game became too popular because of the earnings you could get, and I noticed that many non-crypto people started to invest in it. A little while later, the game started to lose its value, and still many people in my country became crypto wannabe enthusiasts.

What I've learned is that many people will enter into something that they don't know because of its opportunity to earn, and nothing is wrong with that. What's wrong is that they think things are easy. Many borrow or load money, or some sell properties just to have capital they can use in bitcoin or other crypto currencies. Little do they know that the best way to earn is to start with a little amount, and then it's up to you and your ability to make your money grow. That's when you will know that you have a future in that industry or in the crypto world.

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November 17, 2023, 05:59:43 AM
 #46

Bitcoin is created in such a way that you can invest even with as little as $10.
Withdrawal fees from exchanges may be an obstacle when you want to implement this, start saving Bitcoin with small amounts because withdrawal fees from exchanges are quite high at the moment, and if you choose to save them on an exchange then you must remember Not your keys, not your coins, So the choice is quite difficult because for small investors it is impossible to buy 1 Bitcoin or a Bitcoin fraction larger than just $10 or wait until you can buy a larger amount because the opportunity to buy at a cheap price can be missed.
If there are investors who still want to buy small amounts, always pay attention to network density because usually when the network is not too congested the network fees will be cheaper, and buying it using the P2P system can be an option to avoid withdrawal fees from the exchange but you have to choose carefully so as not to be scammed.

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November 17, 2023, 09:08:51 AM
 #47

Bitcoin has made itself available for individuals to invest in it, is just that some people has failed to understand the strategy in which this digital currency exist, this different investment strategy has made me to know that bitcoin was carefully designed to be like that, so that it can accommodate the larger population of the world, the only excuse an intending investor will tender that could make him or her not to invest in bitcoin, could just be income less than 10$ and more responsibilities, which I know that, this is not possible with people from the developed world, this excuses are mostly found in people who doesn't have much interest initially, the trust DCA is the best strategy to go gradually, this has helped many to achieve a lot in this industry.

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November 17, 2023, 10:15:28 AM
 #48

This is what most newbies don't understand that they must not wait till thy have a big amount before they can start their bitcoin journey. The moment you can afford to budget 10% from your income and it wouldn't affect your daily expenses, you can start investing into bitcoin and buy regular with DCA method to help you expand your bitcoin portfolio. It should also be noted that you must be on a long term bitcoin accumulation goal to enable you make good profit from your bitcoin investment. As people in this present world with high rate of inflation and the depreciation of fiat, bitcoin investment is necessary for all, so that in the future we can have what to fall back to.

Sticking to a specific amount before DCAing can make an investor miss the dip in the market that before he can make up to the specific amount the market price would have rised above the dip as it were
You don't need to wait to pile up a certain amount before you can use to DCA, it is good that you use the amount that will not affect your income to DCA regularly, so that even during the dip, you are still buying with that same amount, and I don't think that anyone using method will miss out during the dip, because your are buying irrespective of the price regularly.

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November 17, 2023, 10:22:53 AM
 #49

The problem is the transaction fee right now, right now it takes up to $7 as the minimal fee for Bitcoin transaction and we are not even in a bull market yet, so ridiculous. The best thing for those who can only afford $10 invest on Bitcoin is to save up the money first and when they money is up to $100 they can proceed and buy Bitcoin, at least there are still some time left, that's ten rounds of saving $10 to get to $100, that's not impossible.

I passed the same message to someone who contacted me online about Bitcoin investment and complained about the transaction fee, I also told him to keep an eye on mempool to know when the transaction fee gets cheaper, it's possible it will still become cheaper before the bull market gets back on again.

Since the value of Bitcoin increases any time it makes sense to invest when you have the money even if it seem small to your eye, remember that the $500 you held on waiting for it to get to $1000 before you invest can turn into $1000 if you just invest the $500 today, do not wait.
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November 17, 2023, 10:33:25 AM
 #50

DCAing demands whatever amount you can use to add to your investment it mustn't be specific amount as in $100 each of the week or month as the case may be, but rather any amount ranging from $10,, $15, $20, $19, $30 on and on.

The concept of DCA couldn't be simplified any further than this, most people find it hard to DCA simply because they set a high weekly limits for themselves and along the line they realize that they're unable to maintain that set limit, and this might discourage them or probably make them just quite.
I always tell people who want to DCA to see it as saving up for something, getting a piggyvest/piggybank and throw in your savings there every day, week or month depending on how your income flow and plans are. It's really not difficult if you visualize it this way, rather than setting a high and specific DCA limit that you might likely not keep to. If you see it as saving up for an event you might just be surprised how much you've been able to realize in such a short period and before you know it, you've accumulated a quite quantity of Bitcoin in your investment.
What those people do not see is that maybe they could be able to maintain those high savings for a few weeks, but after that it is impossible to maintain such rhythm, in a way this is very similar to what we see when people want to lose weight, they set themselves impossible goals by trying to exercise every single day for a few hours while eating almost nothing, and while this could be done for a time, at some point your body will break and demand rest and a good nutrition, making impossible for them to achieve the goals they set for themselves.
Those that sets a high DCA limit for their Investment do so relying on their source of income flow their resolve is strong that they can meet up with the limit for as long as it takes but in the midway uncertainty may strike with circumstances beyond their control affecting their income flow making it impossible for them to muster up with the DCA limit they have set for their self.

And this can be discouraging especially when you have set a standard for yourself but can't meet up anymore, that's the more reason why we shouldn't set a limit as we start to DCA in accumulating bitcoin, just any amount available to use is fine, big or small amount isn't what's important, what's important is your  dexterity to continuing DCA with any amount you can afford.
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November 17, 2023, 10:42:35 AM
 #51

the only excuse an intending investor will tender that could make him or her not to invest in bitcoin, could just be income less than 10$ and more responsibilities, which I know that, this is not possible with people from the developed world, this excuses are mostly found in people who doesn't have much interest initially, the trust DCA is the best strategy to go gradually, this has helped many to achieve a lot in this industry.

Not all people has the guts to invest on volatile assets especially if they already have the job that secure their life financially. Only people that accepts volatility and live with are those who can afford investing on this kind asset since they knew what’s the possible consequence.

We can’t blame those who can’t invest on Bitcoin despite they are financially capable because that’s their choice of financial independence by relying only to their salary from work. We can’t convert the rest of non-Bitcoin investors to invest that’s why we are lucky to be here and enjoy the benefits of Bitcoin because we are not afraid on volatility.

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
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November 17, 2023, 11:52:12 AM
 #52

This is what most newbies don't understand that they must not wait till thy have a big amount before they can start their bitcoin journey.
/.../

When people first get into crypto, they usually don't think long-term about their investments.  It's easy to imagine how much you could have now if you had invested heavily in bitcoin ten, five, or even just two years ago, or when you first heard about it and  back then bitcoin was worth a fraction of what it is today.  But instead of taking the slow, steady path with bitcoin, new investors get hyped up about the potential for big, quick gains from altcoins like dogecoin or shiba inu.  With their small investments they want that kind of overnight success. 

What they aren't considering is the higher risk with chasing those kinds of gains compared to bitcoins more stable growth over time.  I'd personally rather play it safer and go for slow and steady returns than shoot for the moon and risk losing everything.  But that's just me.

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November 17, 2023, 12:16:49 PM
 #53

starting to buy in small amounts is the right step for beginners who are still unsure about the security of bitcoin itself,
and there is no problem buying in millions of dollars if the person has free money without disturbing the main money in meeting needs,
the conclusion , whatever our investment is, that is the financial capacity we have, there is no need to force investment if it is only for prestige.

.SUGAR.
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November 17, 2023, 12:23:32 PM
 #54

Without a doubt, getting into Bitcoin doesnt require a lot of money. Its about taking small steps and enjoying the trip. You dont need to see the whole thing right away. Be patient my friend. Begin with a small amount, like $10 or $20, and watch your finances change.

Your plan for saving boxes? A genius idea! This shows how important it is to be patient and consistent. We often think that buying is only for rich people, which is not true. Its not how much you start with that matters. The fact that Bitcoin is fractional is a game-changer that makes investing easier for everyone.

There is no such thing as the "perfect moment" or "bigger funds." Are you telling the truth? Little steps must be taken steadily. Its unclear. Tomorrow's $10 Bitcoin piece could be a prize! This is your word, right? For those who are afraid to take the jump, its a bright light.

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November 17, 2023, 01:37:11 PM
 #55

Those who learn about Bitcoins and update the information for themselves every day will certainly come to the understanding that practice is always better than theory. Buying a small amount should motivate people to further study and invest regularly. Understanding that you are in the Bitcoin wave and owning it is certainly something many people want to have. But those who wait for the best price every time are probably burned by their expectations because they do not understand that the best price is called "now ”.

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
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November 17, 2023, 01:47:03 PM
 #56


The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.



.
.BIG WINNER!.
[15.00000000 BTC]


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November 17, 2023, 01:53:50 PM
 #57

investing in bitcoins in small amounts and gradually is the perfect way to invest in crypto, where by investing small amounts we can at the same time learn to be consistent in investing so that one day we will have 1 bitcoin or even more than our patience

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November 17, 2023, 01:57:26 PM
 #58


The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.
That's right, the best thing to do is to accumulate while still early or do the DCA method. We have no idea of what will happen in the future or what will be its value a few years after but one thing for sure, Bitcoin's value will not be the same as its current price today. Even with the smallest possible amount we can for investment is fine as we continue to make progress, the value of that investment will be multiplied once Bitcoin reaches a new ATH.

╓                                        SWG.io  ⁞ Pre-Sale is LIVE at $0.14                                        ╖
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╙           ›››››››››››››››››››››››››››››› BUY  NOW ‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹           ╜
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November 17, 2023, 01:59:50 PM
Merited by The Sceptical Chymist (3)
 #59

Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.

Everything about bitcoin continues to fascinate me. Satoshi that created bitcoin have just made sure it is easy for everyone to have access to. Unlike other currencies, there’s always a minimum amount you can use to afford an asset but bitcoin have broke that barrier. Satoshi, the smaller unit of bitcoin was invented when bitcoin was worth almost nothing, but today to even own some satoshi’s will make you a millionaire is some parts of the world. $200 is a very big sum of money that when spent without investing will get you alot and at the same time when invested will give you very little amount of bitcoin in satoshi.

Bitcoin inventor has already simplified everything for us, you can invest as little as possible and you’ll get a lot of profit in return base on your amount of investment.A lot of people that own bitcoin in their wallets today don’t own at least one bitcoin, the minority of them who are big company whales are those that own at least one bitcoin in there wallets. So, if the majority have less than one bitcoin, you have no excuse not to invest in bitcoin now with as little as you can afford now.

exactly the point is to enter the market with a value as cheap as possible

if you saw the opportunity then don’t say money is hindering you even 50 usd can go a long way just be patient, don’t get emotional and remember that you should only invest what you can afford to lose

That is a misconception and your statement shouldn’t go like that when referring to bitcoin investment. Bitcoin is not an asset to be lost if you’ve invested and secured your wallet the right way. Bitcoin investment is just simple being able to withstand the market volatility and wait for the long term to reap the rewards of your investment in it. Bitcoin are not altcoins that you might be doubting if you’ll get a profit from it in the long run or not. For every of your investments in bitcoin; 1BTC will still remain 1BTC until you sell them out. And the price it will worth, and also; the basis of your profit to loss ratio will depend on the amount it was worth when selling when compared to the price it was when buying.

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November 17, 2023, 02:24:58 PM
 #60


The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.

We can't be sure when would be the exact outcome results of Bitcoin 10 years from now, but for sure we know that from its potential, it would be a huge amount of value. For that simple reason, if you really want to secure funds in the future, you should accumulate early as soon as possible since Bitcoin's value is currently cheap. You don't really need huge amounts to accumulate Bitcoin when you can start with small amounts as long as you have consistency and discipline like the DCA method. For some people, you don't really have to rush or be pressured especially if you can't afford to invest the money you have, but we're really running out of time as the halving is coming closer. Take it slow and find ways to have extra money to invest into Bitcoin cause it will eventually pay off in the end.

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