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

[WhoYouCantKill]

I call it the accumulation principle. Any amount is good to start with as long as we stay consistent. Even as low as $10 one will be shocked if they stay devoted to that amount for a period of 10 years steadily buying at every slightest opportunity and increasing the amount when the tend to have something bigger. This time interval mustn't be fixed it can be randomized like making it a duty when ever we have money left with us. The future has no mercy it is only kind to those who sacrificed and invested.

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

[Stalker22]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

[B-BossMan]

Bitcoin is designed to be a long-term asset due to her volatile nature

Being a long term investor describes you more better as a real Bitcoin investors and will automatically make you stand a better chance of benefiting something big and tangible in future.

However, Bitcoin investment is not like a get rich schemes that you will invest today and be expecting some magic to happen tomorrow, their is no short cut around it. Therefore if you must do great in your investment journey then you must be ready to hold strong till the end, possibly Bitcoin not just rewards anybody that invested in it but those that understand the power in holding and was able to sustain till the end.

You definitely stand a better chance of success as a bitcoin investor if you are doing it long term but even with that success is still not guaranteed, there are no absolutes with bitcoin investment or with any other type of investment even, the best we can do is to keep accumulating and holding and hope that in the long run bitcoin keeps being successful, there is no room for second-guessing, if you delay then opportunities will just zoom right past you.

Bitcoin is long time investment there is a great chance of been successful if you plan for a longer time we know that nothing is guaranteed in this investment but it's more better to invest for a longer time using only your discretionary income. If an investor has discretionary income there is no need for him delaying to get started what ever out come that comes at the end let it be taken since the money use to invest is money that can let go with out any negative effect on the investor.

You are right,and that’s exactly the reason why it's always advisable to take advantage of investing into long-term growth for future financial stability. Alots of people today make a mistake of pursuing a short-term gains or rushing themselves to sell whenever they see profits, and doing that sometimes limits or reduces thier chances of huge potential benefits.The Bitcoin long-term investment is one of the best investments that even allow your assets or gives your assets nough time to grow higher, instead of them to sell when there's market dip,  it's better to stay consistency because historically the bitcoin market dips are neutral to me, and it will still recover and be growing continuously over a long-term.

Also, it's better to use amounts of money you can afford to lose, in order to maintain your emotional pressures, moreover build your wealth shouldn't be  about quick rich, it just requires patience alots and also discipline financially.

[Princess Leah]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

Consistency and determination have their own role to play but how to secure your investment is another thing too, if you don't protect your investment then your consistency and determination could become a waste of time on the long run. Imagine losing everything you've laboured for to scammers in one day.

 Another thing that really matters for an investor is patience,  without it investors could be forced to do things that would hinder their goals and make the investment unsuccessful. Infact investing in Bitcoin is mostly for those who can be very patient.

[yixichloro2xx]

Bitcoin is designed to be a long-term asset due to her volatile nature

Being a long term investor describes you more better as a real Bitcoin investors and will automatically make you stand a better chance of benefiting something big and tangible in future.

However, Bitcoin investment is not like a get rich schemes that you will invest today and be expecting some magic to happen tomorrow, their is no short cut around it. Therefore if you must do great in your investment journey then you must be ready to hold strong till the end, possibly Bitcoin not just rewards anybody that invested in it but those that understand the power in holding and was able to sustain till the end.

You definitely stand a better chance of success as a bitcoin investor if you are doing it long term but even with that success is still not guaranteed, there are no absolutes with bitcoin investment or with any other type of investment even, the best we can do is to keep accumulating and holding and hope that in the long run bitcoin keeps being successful, there is no room for second-guessing, if you delay then opportunities will just zoom right past you.

Bitcoin is long time investment there is a great chance of been successful if you plan for a longer time we know that nothing is guaranteed in this investment but it's more better to invest for a longer time using only your discretionary income. If an investor has discretionary income there is no need for him delaying to get started what ever out come that comes at the end let it be taken since the money use to invest is money that can let go with out any negative effect on the investor.

You are right,and that’s exactly the reason why it's always advisable to take advantage of investing into long-term growth for future financial stability. Alots of people today make a mistake of pursuing a short-term gains or rushing themselves to sell whenever they see profits, and doing that sometimes limits or reduces thier chances of huge potential benefits.The Bitcoin long-term investment is one of the best investments that even allow your assets or gives your assets nough time to grow higher, instead of them to sell when there's market dip,  it's better to stay consistency because historically the bitcoin market dips are neutral to me, and it will still recover and be growing continuously over a long-term.

Also, it's better to use amounts of money you can afford to lose, in order to maintain your emotional pressures, moreover build your wealth shouldn't be  about quick rich, it just requires patience alots and also discipline financially.

‎I see your point, and it makes sense from a long term view. Investors need to know  that patience is one of the most important aspects when holding. What kills investors chance of profiting form Bitcoin is as a result of them focusing too much on short term price moves which makes them miss opportunities. Holding for a long term gives you bigger profits far beyond what short term can give if your investment is done properly. At the same time, using money you can afford to lose helps you stay calm during dips. In summary discipline, consistency, Patience and knowledge is what makes long term investments possible.

[GIF-JOBS]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Agreed with you, basically we need to prioritize the right strategy along with our consistency, we need to understand which strategy we are adopting and what is the probability of its success. In fact, we need to understand the internal issues, why you are investing, on what logic, and how correct that decision is and how reasonable the strategy you are using is. If we use the wrong strategy, we will never get effective results, this is a common issue, which we should understand more deeply.

[The Founding Titan]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

A bitcoin investment strategy is only bad if it's used the wrong way, Michael Saylor and most others like him are basically lump sum buyers and you can't say that because they are being consistent with that strategy that the strategy is bad, most people who have hit over accumulation just stay with buying the DIP and that's also no a bad strategy, for the mass majority of bitcoin holders the DCA or NCA as in our case as Nigerians is the best investment strategy but that doesn't mean that the other strategies are bad. There is no bad strategy amongst the bitcoin investment strategies.

[WhoYouCantKill]

Consistency and determination have their own role to play but how to secure your investment is another thing too, if you don't protect your investment then your consistency and determination could become a waste of time on the long run. Imagine losing everything you've laboured for to scammers in one day.

This is very true I agree with you 100%
Inasmuch as discipline and determination is exceptionally important both as an investor and to the investor, with a good security measures or plans, all your years of consistency could turn into a fruitless effort overnight. And the truth is that a lot of investors pay less attention to the security aspect of their assets while focusing on the accumulation aspect, both are important, but it’s important to strike a balance between them, if you’re to have a solid and successful investment.

[JoyceBTC]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Definitely true, consistency is not all that matters but the ability to use the right strategy while being consistent at the same time.
As an investor one must really know how to study the market very well to avoid making some mistakes. Bitcoin investment is also about how calculative and tactical one can be.

[Crakryptvest]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

Though I'm a newbies but I keep learning, the answer to this question by the OP is discreationary income and being consistent with it, with what I have been reading and the knowledge I have grabbed in my little stay here, what we actually need to start up our bitcon investment is our discreationary income, this income doesn't take anything from us if we know how to single it out from our income, you are right I'm all you said but I have to make it known to the op that much is not required from us as Bitcoin investors, it is mainly how ready and focused we are that makes the investment stress free for us.

[Father111]

I can't really say the ascertain amount that i can keep to start up my bitcoin investment but one thing that is sure is that my discretionary income determine what i should keep for my bitcoin investment and also my discretionary income determine my constant buying and when to buy.

[ZeroVinsonN]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Using a good strategy and not being consistent isn't going to help anyone either, bitcoin investment isn't something we should just go into halfhearted, if we pick the best strategy but can't bring ourselves to invest in bitcoin with that strategy consistently then it will not make sny difference that we are using the best strategy because the investment won't be going anywhere, having a good strategy is good but we should also try our best to be consistent and disciplined in our investment.

[Merit.s]

I can't really say the ascertain amount that i can keep to start up my bitcoin investment but one thing that is sure is that my discretionary income determine what i should keep for my bitcoin investment and also my discretionary income determine my constant buying and when to buy.

I can't really say the ascertain amount that i can keep to start up my bitcoin investment but one thing that is sure is that my discretionary income determine what i should keep for my bitcoin investment and also my discretionary income determine my constant buying and when to buy.

You don't need to keep any specific amount to start investing in bitcoin because you are not buying one full bitcoin but in sats. Of course, the size of your discretionary income is what will determine how much you can use from it to buy bitcoin no matter how little it is even as little as $10 is good.

You should buy the moment your discretionary income is available and don't wait for the price to dip. Use DCA method to keep your bitcoin accumulation ongoing 4-10 years and above. You will be surprised at the quantity of bitcoin that you have accumulated overtime.

[ASloveapg]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Using a good strategy and not being consistent isn't going to help anyone either, bitcoin investment isn't something we should just go into halfhearted, if we pick the best strategy but can't bring ourselves to invest in bitcoin with that strategy consistently then it will not make sny difference that we are using the best strategy because the investment won't be going anywhere, having a good strategy is good but we should also try our best to be consistent and disciplined in our investment.

Consistency and discipline are very important in any strategy, and in Bitcoin investment if we think long term and decide to adopt DCA as a strategy but if we do not maintain this strategy consistently then it will not benefit us. No strategy will make us rich overnight but gradually over time, that is why it is important to maintain any strategy consistently, then it will give very good results.

[WhoYouCantKill]

Though I'm a newbies but I keep learning, the answer to this question by the OP is discreationary income and being consistent with it, with what I have been reading and the knowledge I have grabbed in my little stay here, what we actually need to start up our bitcon investment is our discreationary income, this income doesn't take anything from us if we know how to single it out from our income, you are right I'm all you said but I have to make it known to the op that much is not required from us as Bitcoin investors, it is mainly how ready and focused we are that makes the investment stress free for us.

True, but where some investors, especially the newbie investors often find it difficult is figuring out their actual discretionary income. We need to understand that not everyone who has an income has a discretionary income or can take out discretionary income from that income. No matter how big your income is, if it’s unable to sort out your essential expenses, then you definitely can’t have any discretionary income, because discretionary income happens to be what’s left of your income after sorting out your essential expenses.

[Mr_Brilliant$]

Bitcoin is designed to be a long-term asset due to her volatile nature

Being a long term investor describes you more better as a real Bitcoin investors and will automatically make you stand a better chance of benefiting something big and tangible in future.

However, Bitcoin investment is not like a get rich schemes that you will invest today and be expecting some magic to happen tomorrow, their is no short cut around it. Therefore if you must do great in your investment journey then you must be ready to hold strong till the end, possibly Bitcoin not just rewards anybody that invested in it but those that understand the power in holding and was able to sustain till the end.

You definitely stand a better chance of success as a bitcoin investor if you are doing it long term but even with that success is still not guaranteed, there are no absolutes with bitcoin investment or with any other type of investment even, the best we can do is to keep accumulating and holding and hope that in the long run bitcoin keeps being successful, there is no room for second-guessing, if you delay then opportunities will just zoom right past you.

Bitcoin is long time investment there is a great chance of been successful if you plan for a longer time we know that nothing is guaranteed in this investment but it's more better to invest for a longer time using only your discretionary income. If an investor has discretionary income there is no need for him delaying to get started what ever out come that comes at the end let it be taken since the money use to invest is money that can let go with out any negative effect on the investor.

You are right,and that’s exactly the reason why it's always advisable to take advantage of investing into long-term growth for future financial stability. Alots of people today make a mistake of pursuing a short-term gains or rushing themselves to sell whenever they see profits, and doing that sometimes limits or reduces thier chances of huge potential benefits.The Bitcoin long-term investment is one of the best investments that even allow your assets or gives your assets nough time to grow higher, instead of them to sell when there's market dip,  it's better to stay consistency because historically the bitcoin market dips are neutral to me, and it will still recover and be growing continuously over a long-term.

Also, it's better to use amounts of money you can afford to lose, in order to maintain your emotional pressures, moreover build your wealth shouldn't be  about quick rich, it just requires patience alots and also discipline financially.

‎I see your point, and it makes sense from a long term view. Investors need to know  that patience is one of the most important aspects when holding. What kills investors chance of profiting form Bitcoin is as a result of them focusing too much on short term price moves which makes them miss opportunities. Holding for a long term gives you bigger profits far beyond what short term can give if your investment is done properly. At the same time, using money you can afford to lose helps you stay calm during dips. In summary discipline, consistency, Patience and knowledge is what makes long term investments possible.

Na that short term mindset dey spoil many people plan pass..  Small dip like this, dem don dey panic, person go rush sell, later the same market go bounce dem go come dey regret..  If person no get patience, e hard to really enjoy the main benefit of holding..

But when you dey consistent and you understand wetin you dey do, you nor go too shake even when market dey misbehave. You go just see am as normal phase..

And that part of using money wey you fit lose, dey very important. E dey help your mind stay relaxed, because you nor dey under pressure.

[PremiumcryptoHub]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Agreed with you, basically we need to prioritize the right strategy along with our consistency, we need to understand which strategy we are adopting and what is the probability of its success. In fact, we need to understand the internal issues, why you are investing, on what logic, and how correct that decision is and how reasonable the strategy you are using is. If we use the wrong strategy, we will never get effective results, this is a common issue, which we should understand more deeply.

See, along with consistency, the right strategy must be prioritized, otherwise no matter how much naira you use in investment, it will be almost useless. However, when we prioritize the right investment strategy, we primarily understand DCA because Bitcoin is purchased in this method on a regular basis in exchange for a certain amount of money. In this process, a daily wage earner, a barber can invest if they have a good financial plan and discretionary income. Another thing to keep in mind is that everyone in the world can jump into Bitcoin investment, it can be today or in the future because we can see that even though the world is unstable due to the oil crisis, investors are choosing Bitcoin. An example of this is that Iran will take tolls from ships through this currency, so it is important to invest in the electronic currency without wasting opportunities and adopt the right methods.

[ZeroVinsonN]

Consistency and determination is the key to every successful investor, and investing in Bitcoin doesn't matter how much one have but what is more important and useful is how consistent they are in their accumulation journey, and its good for one to have other alternatives in which they can be earning and helps to takes off pressure, while they  are achieving their goals for long-term run and should not also ignore the importance of research.

In investing, being "consistent" with a bad strategy is just a slow way to go broke.  Its not about how often you buy; its about being right. And sometimes the smartest move is to stop and change direction instead of being determined to go down with the ship.

Of course, I'm not talking about Bitcoin specifically here, but in general.

Using a good strategy and not being consistent isn't going to help anyone either, bitcoin investment isn't something we should just go into halfhearted, if we pick the best strategy but can't bring ourselves to invest in bitcoin with that strategy consistently then it will not make sny difference that we are using the best strategy because the investment won't be going anywhere, having a good strategy is good but we should also try our best to be consistent and disciplined in our investment.

Consistency and discipline are very important in any strategy, and in Bitcoin investment if we think long term and decide to adopt DCA as a strategy but if we do not maintain this strategy consistently then it will not benefit us. No strategy will make us rich overnight but gradually over time, that is why it is important to maintain any strategy consistently, then it will give very good results.

We also need to understand that consistency in bitcoin investment without discretionary income is not very realistic,you can't be consistent in doing something if you are lacking the means to do so, so in order to successfully pursue our investment we should try to work on generating discretionary income since it's is the foundation of any successful bitcoin investment, people who are investing in bitcoin should be careful to not invest outside of their discretionary income and that why discipline is also very important because in the rush and excitement it's discipline that will stop us from making rash decisions.

[ASloveapg]

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.

You are right and investing in Bitcoin is by choice, which one has to understand and checkmate themselves to know if they are capable to scale through the journey, which includes being in charge of their emotions, being consistent in it even though it might not be going as the way they ought it to be and also not to overthink things. Understanding the process involved in investing in bitcoin, will help them to enlighten and help them to make decision that will profit them. And most importantly, they can start investing with a small amount of funds.

They can start investing with the amount of financial capacity they have according to their ability. In fact, starting this investment is very easy, and its long-term potential is high, but the main thing is to understand it. Those who understand this can certainly maintain everything in a stable manner in this case, they can keep the investment consistent through proper financial management. But those who basically do not have faith and do not have long-term patience, despite having a lot of money and ability in their hands, they will not be able to succeed in investing here. So first, at least gain general knowledge about Bitcoin, you have to gain credibility about it first, only then you will be confident in it, so you can easily organize everything properly and start investing.

[Achalugo BTC]

They can start investing with the amount of financial capacity they have according to their ability. In fact, starting this investment is very easy, and its long-term potential is high, but the main thing is to understand it. Those who understand this can certainly maintain everything in a stable manner in this case, they can keep the investment consistent through proper financial management. But those who basically do not have faith and do not have long-term patience, despite having a lot of money and ability in their hands, they will not be able to succeed in investing here. So first, at least gain general knowledge about Bitcoin, you have to gain credibility about it first, only then you will be confident in it, so you can easily organize everything properly and start investing.

Of course, but let them be aware of what they are about to face and know what to face, because they might still invest with the amount they afford, whether small or big but still lack the ability to exercise patience and the understanding of Bitcoin, which often lead them into investing wrongly. Which I completely agreed with you, as it will make them to know how to apply the code they have acquired through the knowledge and the understanding they got, because to acquired a knowledge is one thing and how to apply them right is another thing, which they are to ensure they don't make mistakes, even though mistakes can't permanently be avoided but it can be lessen.