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Author Topic: Start with the little you have, you don't need millions of dollars to own BTC.  (Read 736 times)
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November 20, 2023, 08:49:52 PM
 #81

Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.

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November 21, 2023, 11:06:14 AM
 #82

It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.

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November 21, 2023, 12:40:00 PM
 #83

It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.

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November 21, 2023, 07:43:23 PM
 #84

It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.
   You are right mate, knowing when to invest is very important this still fall to having the knowledge about what you’re about to invest, and even when you have the idea of investing long term, starting with a tangible capital is a key factor because of  the volatility of the market, if you are starting with a little capital and you have the idea of holding for a long time there is every tendency that you might see liquidation,  but with tangible capital and proper knowledge of the market, you can scalp what ever profit the market will bring. 
  People need to be aware of the risk involve in investing just like every other businesses it’s either you get profit or you get lost, most businesses run to lose because of lack of proper structures same implies with bitcoin investment if you lack proper understanding and knowledge about the space you will end up making errors and remember that this errors cost money too as well. There’s is no rush to invest and they are no late comers, if you are short on capital to kickstart the project do not panic or feel your are behind, get your capital ready then gather the necessary resources and knowledge for your advantage.
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November 21, 2023, 09:27:01 PM
 #85

There is always a way to invest in Bitcoin if we really want it but if we always think that it is expensive and can't afford it, really it never works.
Well, investing is just for those individual who think about their future, not those who always have a reason to decline. Well, we can't force them either OP but at least hearing this advice makes them think and at least could open their minds and consider the opportunity. Otherwise, they can be like those people who feel regret and blaming themselves why they don't invest in Bitcoin while the price is just $20k, $30k.

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November 21, 2023, 09:54:59 PM
 #86

It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.

several people have made comments on my Facebook account, they said they were interested in bitcoin but when they saw the price they withdrew, they said they couldn't afford to buy it but I explained patiently that you are not required to buy 1 bitcoin, you can just buy bitcoin. 0.01 - 0.001 and even 0.0001 bitcoin, this is why I say education about bitcoin is very important so that people out there don't see bitcoin in a scary version because only a few percent of people in this world can afford to buy 1 bitcoin fully.

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November 21, 2023, 09:59:38 PM
 #87

Bitcoin investment does not require you to buy instantly the whole bitcoin. That's too expensive for any beginner investor and that will only put you at a high risk of losing. Learn to start a little, and start with an amount that you can simply afford to lose. After all, the real challenge in any investment is how to grow your investment throughout the years, and not because you started it big, that guarantees that your investment profits will forever be big.

Remember that majority of the successful investors have started from the scratch, and that most of them have even a hard time providing for a capital.  But that never stop them from investing, but learning to invest at your small spare money could create a good start. The important thing here is you take the risk to invest, and not like others who have keep missing opportunities because their reason is they're not ready to invest and lose.
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November 22, 2023, 06:15:11 AM
 #88

It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.
Of course, that's part of their learning journey with Bitcoin. Knowing when to buy/sell/trade Bitcoin is part of the basic knowledge. But as I have said, this is a misunderstanding from newbies even with the basic knowledge where on how to invest in Bitcoin or in any other cryptocurrency, they still don't know how to start investing as they think they need to invest a whole Bitcoin which is impossible to afford to start their investment.

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November 22, 2023, 07:20:24 AM
 #89

This brings back some memories, when people hear the price of bitcoin it becomes a big turn off for them, and if you try explaining that they can buy some part of 1 BTC they will lose interest, everyone seem to want the 1BTC but couldn't afford it yet they believe it makes no sense to buy 0.5BTC, this was how someone in my family missed a big opportunity years ago, I tried confusing her to do it but she kept saying she can't buy 1BTC, the lack of knowledge about how bitcoin works is the biggest problem for many people.

Today its now extremely harder to buy half of 1 BTC, and I am positive that in the next two years it will be even more harder to get 0.5BTC, it will feel almost impossible for those who are not millionaires, if you don't know something I expect you to do some findings to your questions and doubts but instead people will make up their minds based on nothing.


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November 22, 2023, 03:26:02 PM
 #90

Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.

Making a profit, even a little, is better than making no profit at all. This also helps us learn about our psychology when investing. We may be investing a small amount today, but tomorrow we may have the opportunity to invest a large amount. It is necessary to gain experience to be ready for such situations.

Experience cannot be bought with money, so we need to gain experience to improve ourselves. Amount is important in investment, but not everyone can risk high amounts or have the opportunity to invest high amounts. Even making a small profit is better than doing nothing.

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.ROOBET 2.0..██████.IIIIIFASTER & SLEEKER.██████.
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Victorik
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November 22, 2023, 04:17:20 PM
 #91

This advice will work best for those who intend to hodl BTC for a very long term, not for those who would like to swing. Because the profit on 10$ worth of BTC will be very discouraging. But for those who wanna accumulate BTC with spare funds, this is a brilliant idea, before long, their bag would have swollen, if they remain consistent.

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