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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)
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November 17, 2023, 02:46:07 PM
 #61

I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone



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November 17, 2023, 04:15:27 PM
 #62

I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone
True Due to the freedom of Bitcoin, anyone can easily own Bitcoin and that is why Bitcoin is so popular.  And because of this DCA can be invested in Bitcoin according to everyone's ability.  Even though Bitcoin gives so much freedom, it is able to give several times more profit than other digital assets.  And many have become financially strong by investing in Bitcoin.  Although there is risk in investing here because the price not only increases but also decreases many times.  So there is a lot of possibility of loss.  But if you think about investing in Bitcoin, you have to think long-term, then it will be possible to make good profit


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November 17, 2023, 04:47:15 PM
 #63

It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
We have to understood too that there's people out there that are below the poverty line or even those that are living from paycheck to paycheck, investing in anything is the least of their priorities because most of these people that I've generalized are probably living in survival mode meaning that they can't afford to wait for anything long-term even if the benefits far outweigh all the disadvantages out there, yes bitcoin is a hedge but are those people able to play the waiting game? I don't think so. But for those that are able to do it, just do what the others are recommending like DCA, if it works for you then continue doing but if it's not then you can check out other methods if there are any.
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November 17, 2023, 05:36:51 PM
 #64

It's kind of like when you keep away a bit of money every month after taking care of your everyday expenses. The only difference is that the amount can go up or down with the the price of Bitcoin.
It's a bit similar to saving money in a regular bank, but in this case, we are putting our part of savings into bitcoin. If the price of Bitcoin goes up, we could end up with more money than we initially invested.
Starting small is better than not starting at all. this is called DCA strategy learn more about this here.
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November 17, 2023, 05:56:44 PM
 #65

There seems to exist a dilution in the minds of low income earners and those who have the impression that they don’t have enough to cater for their daily needs hence, invest in a highly unstable Bitcoin even when they know it’s a good investment.

In most cases, you have them hoping on a time, a time or more, a time when there resourcefulness can allow them that window of opportunity to take up the Bitcoin investment, a time they don’t even know to exists or could exist.
The bottom line to this is, you find them missing out on all the god opportunities of buying at a low and much better price than the later would present.

This is why there are denominations within Bitcoin and not capping it at the price for a BTC to be the least one can afford. There are the Sat denominations which in its accumulation over time could give you BTC1.
Take it up for a long term goal and use the DCA strategy to ensure you ain’t doing too much. Buy in bits and see far you would come in months.

You gain noting just sitting on the sidelines.

R


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November 17, 2023, 06:01:36 PM
 #66

~snip
Nice post. I didn’t learn anything new for myself, but it will be useful for many beginners and those who doubt investing in a bitcoin. Especially those who don’t know where to start and how.

What you described is a classic scheme for completing any tasks and achieving goals. Slowly, gradually, step by step, a long and difficult path is overcome. Whether it’s simply accumulating coins in a piggy-bank, or when building huge corporations. Nothing is created or accumulated in one day. But every day brings that happy moment of achieving the goal closer.

I know what I'm talking about, because this topic is proof of it - Beginers dream of becoming a Legendary, and my goal is Hero.

An important point noted by OP is that it is easier to take the first step (the first bitcoin purchase) for a small amount. I would even say that you need to start this way. This allows to test this technology, make sure that it is good and overcome some internal barriers that prevented you from doing this. I remember very well the moment when I wanted to make my first btc purchase, but I could not overcome my fear of the unknown and making a mistake, losing money by taking the wrong actions. A small purchase, I now realize, could help overcome this. But that moment has already been missed (bitcoin at 500-600$). Therefore, the first step should always be small. There is no need to try to jump over your head right away.

Well, the next stage is repeating these small steps (btc purchasing in small quantities). This also allows you to further average the average purchase price than if you bought once, but in larger quantities. There is no need to try to make one successful bet/ purchase. It is best to do this in periodically repeated small amounts.


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November 17, 2023, 07:12:37 PM
 #67

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 ”.
I can confirm your opinion that it is true. The fact is - buying in small quantities at regular intervals is something else called accumulation, it is advisable especially if they do not have a regular budget. They can buy 1 to 2 times a month on the dip - and this will certainly motivate them to grow and learn more about how the market works and so on.

Lump sum or periodic is fine as long as they are willing to do it - but most aren't brave enough to buy because they don't realize that now or now is the right time to do it. I suggest DCA if they are afraid of buying a lump sum if they are afraid of heights - to me it is a good choice to start.

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November 17, 2023, 07:59:02 PM
 #68

You cannot just buy land with $10 or any property to be exact. And in any kind of investment or business you need a good amount of money to begin with. If it's not enough, either you are unable to start or you may fail after starting for few days or months. But that's not the case with Bitcoin. And this is the beauty Bitcoin holds. You can invest as low as $5 to $10 and keep adding to your investment which in the future will become big. This is the one unique key feature that Bitcoin has which made it reach this far.

Many will argue that Bitcoin is not the perfect asset for investment, but this doesn't apply to everyone. If you have huge amount of money and you know nothing about Bitcoin or maybe you know but you don't have the ability to control your emotion and you are just unable to hold it for longer period of time, that is not the best choice for you. On the other hand if you are low on money and can't afford to invest a huge amount, Bitcoin is the perfect choice for you. Keep on adding to your investment until you reach your dream. This is why Bitcoin is the best.

Not your financial advisor, do your own search. I am not encouraging or discouraging anyone to invest in anything [DYOR]
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November 17, 2023, 08:20:49 PM
 #69

Yeah, anyone who has such a mindset in this day and age should immediately change it otherwise they will keep on missing the opportunity to buy btc at different entry points.
Thanks to btc divisibility nature anyone can buy any amount of btc without needing to buy 1 full BTC. This should encourage small investors to own a fraction of the most groundbreaking technology in this present time. This type of post shows there is still more to do with btc awareness, after more than a decade of existence some people still don't know btc can be bought in fractions means there is more to be done.

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November 17, 2023, 08:35:20 PM
 #70

I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone
there are several small units in bitcoin like satoshi and mbtc and i will usually use mbtc as my measurement when buying bitcoin because i am comfortable with it, to be honest there are a lot of people out there who think that to buy bitcoin they have to buy 1, i say that you don't need to wait to have money to buy 1 bitcoin, just provide a few hundred dollars to buy a small portion of bitcoin such as 1 mbtc or 1000 satoshi, maybe you can tell this to your other friends, when they are interested in investing in bitcoin but are having problems education that buying bitcoin doesn't have to be 1 bitcoin.

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November 17, 2023, 11:11:29 PM
 #71

You cannot just buy land with $10 or any property to be exact. And in any kind of investment or business you need a good amount of money to begin with. If it's not enough, either you are unable to start or you may fail after starting for few days or months. But that's not the case with Bitcoin. And this is the beauty Bitcoin holds. You can invest as low as $5 to $10 and keep adding to your investment which in the future will become big. This is the one unique key feature that Bitcoin has which made it reach this far.

Or worthless (just reacting on the bolded part), the future of Bitcoin is yet to be set in stone. So I believe most of us agree that Bitcoin's future is still uncertain.  Anyone can gain or lose money in Bitcoin investment and this does not separate Bitcoin from other forms of investment in terms of risk.  I am not against Bitcoin in fact I am supportive of it but I just wanted to keep myself in reality.

But I agree that Bitcoin and other cryptocurrency is unique since one can invest in Bitcoin in a very small amount and can start from there.

Many will argue that Bitcoin is not the perfect asset for investment, but this doesn't apply to everyone. If you have huge amount of money and you know nothing about Bitcoin or maybe you know but you don't have the ability to control your emotion and you are just unable to hold it for longer period of time, that is not the best choice for you. On the other hand if you are low on money and can't afford to invest a huge amount, Bitcoin is the perfect choice for you. Keep on adding to your investment until you reach your dream. This is why Bitcoin is the best.

No investment that has no risk, this also includes Bitcoin.  An investment without risk is considered perfect and obviously, Bitcoin which is known to also have risk is not a perfect investment in accordance with the context.

Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.

Quote
Not your financial advisor, do your own search. I am not encouraging or discouraging anyone to invest in anything [DYOR]

I also encourage everyone who are both new and old to the Bitcoin Industry to continuously do their own research and see for themselves the beautiful opportunities and features Bitcoin brings to the table and the risks involved in it.
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November 17, 2023, 11:11:35 PM
 #72

I agree with OP, you don’t need to be able to afford 1Bitcoin before you can buy. Bitcoin is currently sitting at a price well over $30k, not many people can afford to risk that amount to invest in Bitcoin, you can buy fractions of bitcoins and accumulate them overtime to make 1 whole Bitcoin, that’s the strategy many of us use to build our portfolio. This way, you buy at your own terms and don’t feel pressure to take loans or sell personal property to buy bitcoins.

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tjtonmoy
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November 18, 2023, 06:26:50 PM
 #73

No investment that has no risk, this also includes Bitcoin.  An investment without risk is considered perfect and obviously, Bitcoin which is known to also have risk is not a perfect investment in accordance with the context.

Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.
I am specifically talking about Bitcoin hodling. Not trading. Every investment has its own risk and people invest by knowing that. I am not talking about that risk and saying that it's perfect and has no risk. I am talking about investment plan. The future of Bitcoin is uncertain and I agree with that 100%. But it has its own reputation. And what I believe is Bitcoin is here to stay and it's not going anywhere soon. Maybe in the future but it's a risk that we have to take. Bitcoin market being volatile makes it a high risk investment asset but not a high risk investment plan.

I think you got the point of what I am trying to say. You don't need huge amount of capital in order to invest in Bitcoin. For those people who are unable to invest huge amount, Bitcoin investment plan is the perfect one for them. But as always, one should never stop at only one thing. Diversification is the key and investing in multiple sector is recommended. Having low asset for investment does not give you the opportunity for diversification thus Bitcoin investment could be the perfect choice.
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November 18, 2023, 06:37:07 PM
 #74

The fact that one can hold as little as 0.00000001 BTC shows that Satoshi knew what he was doing. Even with the ATH we’ve had so far, the tiniest bit of Bitcoin is worth little to nothing. This shows that even DCA doesn’t have a minimum required amount. If you want to invest, just be consistent with it, after all some people could buy 1 whole Bitcoin but end of selling it too fast (that’s not investment). The quote “Little drops of water makes a mighty ocean” explains the power of DCA investment method.



 

 

 

 

 

 


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November 18, 2023, 06:47:04 PM
 #75

It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
As economists put it, I will say that bitcoin has a low entry. Literally anyone from any part of the globe irrespective of your economic status can invest with as little as they have. Simply saying that investing in bitcoin is very inclusive unlike other investments like gold or other precious metals, real estate, stocks and bonds, wrist-watches. Although this sounds great but there is a right and wrong way to invest in bitcoin. There is also a right and a wrong perspective about investing in bitcoin. You want to make sure that even though you can start investing with the little that you have, you want to invest the right way, like DCA and not keeping your bitcoins in centralized exchanges. In addition, the right mindset of investing in bitcoin is to not see it as a get-rich-quick-scheme.

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rachael9385
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November 20, 2023, 07:11:17 AM
 #76

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
This days, based on the economy of so many countries, it is hard to purchase a whole Bitcoin because of the economy are not stable to the liking of so many people, however if one can by just little as the op already said, and continue to accumulate the same amount of Bitcoin he or she bought at first, as long as it is not affecting the investor, then I don't see no reason for the investor to hold back.
Bitcoin is at the top of crypto currency in the marketcap and that means it is a good idea for us hold the ones we can even if it is not up to a hundred box or thousand box.
However, to achieve a whole Bitcoin, one really need to be so dem patient, because it can only take a discipline person nothing to achieve a lol he or she wants.

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Septex
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November 20, 2023, 08:34:00 AM
 #77

You can invest very small to small amount of money in Bitcoin if you have less resources. I have already profited from investing in Bitcoin. Through which I got positive idea about bitcoin and from here I got motivation. If you keep a small amount of money in the bank, there is very little or no profit from it. But by investing in Bitcoin you are most likely to make a profit.
cryptoWODL
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November 20, 2023, 05:05:19 PM
 #78

If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
Yes anyone can invest in Bitcoin with any amount they want.If someone wants to invest in bitcoins he can start from 5 dollars initially.
I am an small investor I started my first bitcoin investment with just $20 and it grew to around $100 but that was a long time ago.

Quote
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
I bought $850 worth of bitcoins when the price of bitcoin was $25000 a few months ago and sold it when the price of bitcoin reached $35000.I could never have imagined that I would get so much profit from investing in Bitcoin in such a short period of time.Maybe I was one of the lucky ones that made it possible.
But the funny thing is that all the money I made from my Bitcoin profits I spent on one of the most important things in my life, my wedding.
My family and people in my area have become very interested in investing in Bitcoin after hearing that I will earn all my wedding money from my Bitcoin.They now want to invest with me.

Among the people around me, I have some friends who are educated and working in various small companies.After my friends and people around me wanted to invest in bitcoins, I told them that you can start investing by buying only $20 or $30 worth of bitcoins.All of them were encouraged by this and three to four people bought bitcoins.
I told them that bitcoin investment should be done for long term and they accepted that too and wanted to invest for long term.


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Sayeds56
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November 20, 2023, 05:26:12 PM
 #79

If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.

So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.

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.

For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.

So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.

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.


Your message serves a great reminder and encouragemnt for all those who think that they need a large amount of money to get started their investment journey in Bitcoin. It is true that buying a complete Bitcoin is a dream for average salried calss individuals, but it is possible to start accumulating fraction of Bitcoin (Satoshis) even with modest amount like $10 but it should be done on regular basis by following the Dollar Cost Average (DCA) strategy. This strategy is universally recognized as effective method to achieve financial stability. By regularly investing small amounts overtime, we can steadily build our Bitcoin holdings and participate in the crypto currency market without the need of large amount for initial investment.









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JoyMarsha
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November 20, 2023, 06:57:46 PM
 #80

You have said my physical campaign awareness on bitcoin to people. A lady met me one day and Sid someone told her that for her to own a bitcoin she has to purchase it with the minimum of $4,000 USD and immediately I have to reconciled that mentality from her and told that she can invest with any form from $5 US dollar and that should be depends on the current dollar exchange rate and after the orientation she was very happy and took my number so she can call me to start the investment.

Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.
The misconception about bitcoin is the most common challenge we hear or face more from those who are less enlightened about bitcoin. Due to misconception, so many people have held false emphasis on Bitcoin from what they have heard from gullible people and they are holding on to that for so long and that keeps denying them the opportunity to know and invest in bitcoin. The heartbreaking of it all is that they don't want to google on their own to know whether what they are being told about bitcoin is true or false. They keep holding on to that belief(false words) without doing research on their own on why bitcoin is to be so.

This is the reason why, the awareness of bitcoin is very important and it is to be spread around your locality because nobody knows who the awareness of bitcoin will be of help in their future investment in bitcoin tomorrow. Now, telling someone about what they should know about bitcoin rather than being ignorant of it.

Now you have told the lady that she can invest in Bitcoin with any amount as low as $5, I believe she can tell that to others too. That will help in a way for people who want to invest in Bitcoin with little they have for long-term purposes.

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