How much think should be keep in mind when starting a Bitcoin investment ?

[Itz-prisigold]

The first thing a prudent investor gives priority to when investing is long-term potential and risk. If there is a certainty of long-term returns from an investment, then that investment is definitely reliable. When investing in Bitcoin, the investor does not have to take much risk. If the investor has a prudent income, he can profit from the investment by creating a long-term portfolio by investing a part of that income regularly.

The possibility of loss is reduced for all investors who try to achieve long-term profits instead of moving towards short-term profits. Even if Bitcoin does not guarantee profit to the investor, those who observe the previous charts and adopt investment principles can definitely expect good returns from it. Everyone who has been able to hold Bitcoin for the long term has benefited from their investment.

I think some of the assumptions you are pointing out can easily give the wrong impression to new investors.

For example, you even trying to link long term investing with guaranteed results,  can quickly make things starts to go off track. Bitcoin does NOT provide guaranteed results regardless of the time frame, so if you are trying to present Bitcoin that way to new investors,  it can silently create unrealistic expectations which often may not play out.

The same goes to risk, simply because an investor is holding an asset for long term does not mean that the amount of risk will just decrease. You should know that volatility is always there in the market. So for me, what truly matters is how the investor approaches risk. For example;  if an investor invests beyond their ability of what they can afford or relies on funds they may need for everyday survival,  that is when the problems begin, it's not necessarily tied to how long they have been invested.

Lastly, you even saying that long term really reduces loss or people that have held Bitcoin has benefited can sound believable, but when you emphasis too much on past performance,  that can make new investors into assuming certain types of outcomes rather than developing strategies for multiple possible market conditions.

I am with you on investing consistently from income, but the goal should not be focused on expecting returns or positive outcomes, the goal should be to develop a sustainable habit, stay consistent with your plan,  manage risk properly and  avoid making emotional decisions based on what you think the  market should give you.

[Stormisover]

but start with the one you have first , as time goes on the investment journey will increase ,

Time is what we don't have in control and it's a respecter of no man, hence you don't need to waste more time trying to get a fat funds or trying to be in competition with your self while kicking off a bitcoin investment journey, it's just for you to invest with the little in your disposal and you see things taking shape.

Sometimes what makes potential investors waste lots of time is indecisiveness, they find it hard to convince themselves enough to take actions, they keep overthinking things and as a result delay taking any action and they hardly record any success. Indecisiveness can make an investor miss out on accumulating bitcoin because he would be busy trying to convince himself that bitcoin is a good decision even if he sees every reason to put value into bitcoin and grab some for themselves, while those prompt to decision who knows very well that success requires action would start off immediately with basic knowledge and discretionary income availability and figure out ways of remaining consistent in their buys. Even if your confidence is low, you can always start small and as time goes by and your confidence increases, you can choose to increase your buy amounts still within your discretionary income.

For those that are still indecisive about investing in Bitcoin I have one word of advice for them which is it better to be late than never and perhaps that conviction they needed is very important though time wait for nobody that's also one thing we need to know at every stage of overthinking taken certain decisions in life not only in Bitcoin investment, some times is good to grab the opportunity before us without overthinking it without waiting for everything to be perfect it is good to start small and expand later.

[RockBell]

For those that are still indecisive about investing in Bitcoin I have one word of advice for them which is it better to be late than never and perhaps that conviction they needed is very important though time wait for nobody that's also one thing we need to know at every stage of overthinking taken certain decisions in life not only in Bitcoin investment, some times is good to grab the opportunity before us without overthinking it without waiting for everything to be perfect it is good to start small and expand later.

And I don't know what they are still waiting for or what is keeping them because the idea of bitcoin have been there for a very long time and why people are not taking advantage of it is just surprising and you don't have to have all the money but everything is about the mindset people need to know what they are doing by doing there own findings and if they are comfortable with bitcoin then nothing should stop them but it has to be a decision they have to make them self since they are the ones to benefit from it they should do all there math and know.

And there there is still chances for people to make use of this period that the market is experiencing dip and stop confusing there self than to actually learn and they need to learn to understand that there is a better way to even buy bitcoin because this is what most of them don't know they don't know that DCA is actually there for them to make use no matter what the amount you can start something that is what DCA is all about.

[Churchillvv]

And there there is still chances for people to make use of this period that the market is experiencing dip and stop confusing there self than to actually learn and they need to learn to understand that there is a better way to even buy bitcoin because this is what most of them don't know they don't know that DCA is actually there for them to make use no matter what the amount you can start something that is what DCA is all about.

It’s more like when people prosper the most in crypto or any other investment when there is uncertainty or instability in the market the real dealers knows it’s time to buy even if it’s small small which is DCA they buy instead of selling at that point so, I Dey always see breaking point for market or DCA as the point where you for rush buy and then keep and with any amount you get as long as say e no go worry you at the end.

[Davidloki]

This is where most newbies get it wrong,  they think Bitcoin investment requires huge amount to get started,  but that's true.  Because Bitcoin was created in such a that anyone can  buy it with whatever amount of money that they have available.  Each bitcoin is divided into very small units,  one Bitcoin equals to 100 million units,  and the smallest unit is called a satoshi.
However,  as a newbie,  the best way to start your Bitcoin investment journey,  is by start with the amount of money you have at the moment,  then as time goes on, you can figure out how to increase your discretionary income.  But the most important thing is getting started with what you can afford.

Some amount are too small to invest with. Anything below $5 is too small.
Spending fees to buy small amount of Bitcoin is meaningless, and also before it will grow to a good amount will take long.
If you are earning below $100 I wont advise you to invest in Bitcoin. Rather it will be best if you work on your finances.
When they mean any amount can be bought with Bitcoin. They mean minimum $10 and above every week. In a year, you will have realized a good portfolio.

[PremiumcryptoHub]

For those that are still indecisive about investing in Bitcoin I have one word of advice for them which is it better to be late than never and perhaps that conviction they needed is very important though time wait for nobody that's also one thing we need to know at every stage of overthinking taken certain decisions in life not only in Bitcoin investment, some times is good to grab the opportunity before us without overthinking it without waiting for everything to be perfect it is good to start small and expand later.

Those living in our country who are still indecisive about investing in Bitcoin may be seeing its volatility as the main factor, so my advice to them is to start with a small amount of naira but ignore the wait and do it quickly. You are right it is better to start small and expand, as evidenced by the fact that a dollar of Naira can grow to thousands of dollars if used for investment. The right mindset and thinking are very important in Bitcoin investment, I fully believe those who have these two working properly will not hesitate to invest in Bitcoin even with a negligible amount of money.

[Crakryptvest]

Joy- maker you no really sabi watin you dey talk oo, why you go say the OP no mention backup funds and say en suppose mention backup funds because backup funds dey come hand en hand with emergency funds, make I tell you something way you no understand, emergency funds na part of backup funds inside backup funds we get emergency, reserve and float funds all of them na backup funds and if you get emergency funds na backup funds way you get like that, the must important backup funds way investors suppose get self na emergency funds so since the OP done mention emergency funds en dey correct na you no dey correct because you no understand stand say emergency funds dey inside backup funds.

Please I need an explanation to something, you said back up fund works with our emergency funds and I have heard that we can invest aggressively with our reserve funds more especially during the dip but I have not heard anyone saying that emergency funds can be used for investment because of what it stands out for? Something is confusing here and will want to beg the clear picture of this, do not get me misunderstood, as a newbie I will to do learn more from those that know more than me in this space, I'm looking forward for Your response.

[Merit.s]

Please I need an explanation to something, you said back up fund works with our emergency funds and I have heard that we can invest aggressively with our reserve funds more especially during the dip but I have not heard anyone saying that emergency funds can be used for investment because of what it stands out for? Something is confusing here and will want to beg the clear picture of this, do not get me misunderstood, as a newbie I will to do learn more from those that know more than me in this space, I'm looking forward for Your response.

The reason why you cannot invest with your emergency funds is because it's not for buying bitcoin but to be a backup funds to your bitcoin investment so that, if you are hit with real life challenges, you can then use your emergency funds to solve that problem without touching your bitcoin investment.

If you use your emergency funds to buy bitcoin and you are hit with real life emergency, you will sell your bitcoin at loss if the price is below your entry point in order to solve your emergency problem which shouldn't be so because the main purpose of investing is to continue buying more bitcoin to increase your bitcoin portfolio overtime for the future.

Reserve funds is set up to buy bitcoin at the dip or for using it first when an unforeseen circumstances play out before touching your emergency funds.

[ZeroVinsonN]

but start with the one you have first , as time goes on the investment journey will increase ,

Time is what we don't have in control and it's a respecter of no man, hence you don't need to waste more time trying to get a fat funds or trying to be in competition with your self while kicking off a bitcoin investment journey, it's just for you to invest with the little in your disposal and you see things taking shape.

Sometimes what makes potential investors waste lots of time is indecisiveness, they find it hard to convince themselves enough to take actions, they keep overthinking things and as a result delay taking any action and they hardly record any success. Indecisiveness can make an investor miss out on accumulating bitcoin because he would be busy trying to convince himself that bitcoin is a good decision even if he sees every reason to put value into bitcoin and grab some for themselves, while those prompt to decision who knows very well that success requires action would start off immediately with basic knowledge and discretionary income availability and figure out ways of remaining consistent in their buys. Even if your confidence is low, you can always start small and as time goes by and your confidence increases, you can choose to increase your buy amounts still within your discretionary income.

For those that are still indecisive about investing in Bitcoin I have one word of advice for them which is it better to be late than never and perhaps that conviction they needed is very important though time wait for nobody that's also one thing we need to know at every stage of overthinking taken certain decisions in life not only in Bitcoin investment, some times is good to grab the opportunity before us without overthinking it without waiting for everything to be perfect it is good to start small and expand later.

Anyone who is already interested in bitcoin investment but is still delaying should think twice about their decision to wait, better late than never might sound like a good philosophy but why start late when you can start right away, people need to stop misplacing their priorities and push procrastination away, you will never be ready to invest until you actually start to invest or at least you won't know you are ready until you start investing so better to start now than to start late.

[Itz-prisigold]

Please I need an explanation to something, you said back up fund works with our emergency funds and I have heard that we can invest aggressively with our reserve funds more especially during the dip but I have not heard anyone saying that emergency funds can be used for investment because of what it stands out for? Something is confusing here and will want to beg the clear picture of this, do not get me misunderstood, as a newbie I will to do learn more from those that know more than me in this space, I'm looking forward for Your response.

It is very good that you asked questions when you are confused about something and it is very understandable if you are confused about what emergency funds and reserve funds is meant for,  now you should understand that emergency funds and reserve funds are both for backup,  but they don't serve the same purpose at all.

Emergency funds is not meant for investing in Bitcoin. Your emergency funds is strictly for unexpected life situations like urgent expenses that is absolutely unavoidable. That is why people are advised not to use emergency funds for investing, and once you start thinking of using your emergency funds to invest, even during Dips, you are already defeating the purpose of emergency funds. There purpose is for safety first.

Reserve funds on the other hand is for a different purpose. They are more flexible and that is why people use reserve funds to buy during dips. But even at that,  I don't think it is advisable to invest aggressively or you should treat it as an opportunity fund every time that market drops.  It will still require you to control and plan,  if not, you will start reacting to the market instead of following a steady approach.

Now the money you are supposed to use in your Bitcoin investment is your discretionary income.  The money that is left after all your needs,  bills and responsibilities have been covered. Investing with your discretionary income help you not to panic when the price goes up and down,  you are not under pressure and you will not be  forced to make  emotional decisions.

Emergency  funds: safety net
Reserve  funds: for flexibility
Discretionary  income: the mean tool for investing.

[I_Anime]

There’s no fixed amount when come to starting bitcoin investment. You can choose to use any amount as your start up amount , that’s where most folks do get it wrong that bitcoin is too expensive, like they have to get one BTC to start , which is not necessary at all you can start with any amount base on your budget and risk tolerance too .

That’s where dca method comes in to build a smooth investment, all you have to do is keep accumulating buying a fixed quantity at a given time interval.

[Nwadiche]

There’s no fixed amount when come to starting bitcoin investment. You can choose to use any amount as your start up amount , that’s where most folks do get it wrong that bitcoin is too expensive, like they have to get one BTC to start , which is not necessary at all you can start with any amount base on your budget and risk tolerance too .

That’s where dca method comes in to build a smooth investment, all you have to do is keep accumulating buying a fixed quantity at a given time interval.

That is true , just imagine someone saving up 1btc before  starting his investment journey, it will take a very long time depending on the kind of job the person do for a living , which can lead to delay or probably you may used up the money before it could get to the one btc you wished to start with , but  from what you are earning , you can start investing any amount that  your hands can lay on, as time goes on , you can still increase your investment, before you can realize, you have gone far with your journey, many failed to understand this policy and often  regret why they didn’t take action on time , forgetting time wait for no one .