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Author Topic: As a beginner start compounding bitcoin.  (Read 181 times)
SilverCryptoBullet
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Today at 01:56:22 PM
 #21

Ideally better to learn the concept and use of the bitcoin first before making their move as an investment. This is common mistakes of the newbies or newcomers nowadays once they seen there are large names right there makes good return with their investment it caught their attention and then wanted to try at the same time just two possible outcomes here.
It's good to start with buying small amount of bitcoin for practice of not only buying, but also making withdrawal from a centralized exchange to a non custodial wallet, how to choose and use a non custodial wallet including wallet backup and wallet recovery. It can help people to practice, and get familiar with Bitcoin, exchange, blockchain, wallet and can minimize their losses if making mistake in early practice.

When they are already familiar with these things, they can start their investment with bigger capital, and make more purchases as DCA for their investment portfolio accumulation with time.











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tech30338
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Today at 02:40:07 PM
 #22

As much as we want to be warren that's not going to happen, but we can learn on how he manage and invest his money, by buying small amount you can slowly build your bitcoin portfolio, by the time you realized it you already have more bitcoin than others, just don't always look at it.
At the same time learn other things like trading, invest on other tokens etc., doing this will make your portfolio grow and if you want to add bitcoin, you can convert the profits into bitcoin, adding to your holdings, more importantly never brag or tell anyone what you are doing, because like what is happening bad people might steal your bitcoin for example rob your home and force you to give up your wallet.

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laspol65
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Today at 03:19:25 PM
 #23

Investing in Bitcoin is a good idea, but when a new person enters Bitcoin investment, it is important for them to gain knowledge and understanding about Bitcoin and Bitcoin investment. Because if they do not have knowledge about Bitcoin, then that person will not be able to succeed in Bitcoin investment and will fall off the middle.
So of course, new investors should know about Bitcoin and then enter Bitcoin investment, and keep Bitcoin investment for a long time. The longer they keep it, the more profitable it will be, so if Bitcoin investment is for more than a decade, this will be the best investment.

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Today at 05:56:26 PM
 #24

Warren Buffet may have done other investments or business that may be different from Bitcoin but his story is quintessential to being successful in compounding, that’s why studying and trying to replicate his resolve and determination can be a great asset to you as a beginner.

Warren Buffet wasn’t a fast success story, this is a reminder that it is never too late to start and your passion can accelerate your progress faster than you think.
Another resplendent character as a beginner you can take from Warren Buffet is his consistency, for example if you decide not to take any action 5-10years time will still come around.

Start compounding bitcoin now and be consistent as a newbie.
I don't want to compare myself with others; rather, I want to read them. If you succeed at gambling, it doesn't mean I will be one of the successful gamblers. Like Warren Buffett, many people become billionaires from crypto as well, but they don't follow Warren Buffett. Everyone has their own investment strategies, and that's how they are making money.

I am not discouraging you from the investment; rather, I am asking you to read them and study how they become successful investors. Make your own strategy for Bitcoin investment since you want to accumulate it. Try to learn as much as possible about crypto investment; things aren't so easy that you are thinking.

 
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sunsilk
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Today at 05:58:07 PM
 #25

Start compounding bitcoin now and be consistent as a newbie.
It is easier said than done. But I support this idea, we tell people to continue to do DCA because that's the right thing to do.

Anyone who's long term to Bitcoin have to continue holding and buying it because there's no other way to profit from it but to hold long term.

As said by Einstein that it's an 8th wonder of the world, Warren just proved that with the usual investing. It takes patience to see its growth.

And that's the same with bitcoin if an investor is patient, he'd see how profitable it is.

 
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