As a beginner start compounding bitcoin.

[iBaba]

https://www.instagram.com/p/DYOmSdAsrhW/?igsh=MmxwaDk4MGN5bnh0

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 agree that one of the biggest lessons from Warren Buffett journey is the power of consistency and patience. While he is not a bitcoin supporter, his investment, thinking long term and allowing compounding to work has stood the test of time.

What many beginners overlook is that wealth is rarely built overnight, but Buffett accumulated most of his wealth of his wealth after decades of investing not within a few years. The same principle can apply to accumulation. Someone consistently buys small amounts over many years may end up in a much better position than someone constantly chasing quick profits. The difficult part is not the starting, it is staying disciplined during market crashes and time when it feels like nothing is happening. That is where consistency makes the difference

[Ishicryptic]

Bitcoin might not be as fast as most people would want it to go but with time you'll discover that the ROI is worth spending those years and money into.
One of the best ways to do this is by thinking of a timeline that you would love to invest in bitcoin. Let's say 5 years, now you can go back in time to check the price of bitcoin 5 years back as see the percentage increment. Now this doesn't mean that the next 5 year would do exactly thesame but it would give you clue on how bitcoin is slowly moving but making impact over the years.

Bitcoin is a store of value which many people have testified that if they buy and hold for many years that it has potentials to give them returns on their investment, it has been happening from the early adopters and we are expecting it to continue in the future. If you don't want to miss out in the future profit like most of us missed out by not getting in during Bitcoin early years you should find a suitable strategy to accumulate and hold for many years. Although the reality is that nothing is guaranteed that we must be profitable in the future like the early buyers at the same time nothing is stopping us from being more profitable than them.

[abaeze]

Bitcoin might not be as fast as most people would want it to go but with time you'll discover that the ROI is worth spending those years and money into.
One of the best ways to do this is by thinking of a timeline that you would love to invest in bitcoin. Let's say 5 years, now you can go back in time to check the price of bitcoin 5 years back as see the percentage increment. Now this doesn't mean that the next 5 year would do exactly thesame but it would give you clue on how bitcoin is slowly moving but making impact over the years.

Bitcoin is a store of value which many people have testified that if they buy and hold for many years that it has potentials to give them returns on their investment, it has been happening from the early adopters and we are expecting it to continue in the future. If you don't want to miss out in the future profit like most of us missed out by not getting in during Bitcoin early years you should find a suitable strategy to accumulate and hold for many years. Although the reality is that nothing is guaranteed that we must be profitable in the future like the early buyers at the same time nothing is stopping us from being more profitable than them.

Most people have made a profit by investing in the long term, even though its price has its ups and downs. Honestly, I think the best way to invest in Bitcoin is to forget about the profit aspect for a round or two and continue investing for at least 4-8 years. The profit from this depends on how relaxed you are with your investment plan and what is your investment horizon. Because short-term profits are not guaranteed when it comes to investing in Bitcoin. But long-term investors always have an opportunity and potential to make a profit.

[Tony Adams]

When we start a business, we have to wait for a long time in this business, while waiting, we can enter the path of success. Similarly, when we invest in Bitcoin, if we do not plan for the long term but sell it within a short period of time, then we will not be able to go towards success at all. When we invest, we should definitely try to hold it for a long time and learn well and then move towards investment. In both investment and business, we have to have a mindset that it is not for the short term but for the long term, if we do not plan for it, we cannot be successful.

[Zanab247]

Compounding is very important, and this is the reason why those who started very early have become great today. Some investors neglect the power of compounding because they don't really understand the secret, and the success behind bitcoin compounding.
The story of this investor , and his method of investing has taught many investors many lessons on how they should go about investment. Every genue investment is build on long term strategy, people like Warren Buffett understand this secret, and has resorted on this strategies to enhance wealth creation.

But some don't know that compounding BTC can make newbies or old BTC investors great, because you have to prepare ahead of it before you can make it happen physical to use what you can afford to lose in BTC investment. You will smile when you hodl till you are convince that this is the bull run you have be waiting for and you will surely be bold to sell when you see sign of profits in the market.

There is a profit behind compounding of BTC in the bear market, because the price will not remain  low the moment you buy either dumping or dumping to show the next price that will remain stable for some weeks or months to make people to start deciding.

[WhoYouCantKill]

Most people have made a profit by investing in the long term, even though its price has its ups and downs. Honestly, I think the best way to invest in Bitcoin is to forget about the profit aspect for a round or two and continue investing for at least 4-8 years. The profit from this depends on how relaxed you are with your investment plan and what is your investment horizon. Because short-term profits are not guaranteed when it comes to investing in Bitcoin. But long-term investors always have an opportunity and potential to make a profit.

The key to long term investment is making sure you create a conducive financial environment for yourself, making sure that all your financial needs are covered first, and there’s a solid financial cushion available just incase an emergency occurs in the future, there’ll be no need to reach out to your investment for financial support to sort those bills. This way, you’ll be able to keep on accumulating without having to worry about calculating your profits but just continue to accumulate and hodl for the long term.

[SOKO-DEKE]

Before we even start compounding it, we are expected to understand some of the safety precaution and measures that we should take first before advancing into anything about cryptocurrency, this will be the first protection we needed as information is the key security, of course it is good that we give acquiring bitcoin as we can, as long as we are not going to sell in loss but instead to make profit.

You have given good advice, and it is the most important step that every beginner should take. They should try to learn certain things, especially how their Bitcoin or crypto investment can be protected. It is not about rushing to start accumulating Bitcoin because, if someone's investment is not well protected, they are likely to lose it.

There are some people who were lucky enough to accumulate Bitcoin when the price was low, but now they can no longer find their seed phrase. Others have lost their Bitcoin investments to scammers. So, what is the point after taking a long time to accumulate Bitcoin, only to discover that the wallet is empty when it is finally time to start selling?As a newbie, your focus should be on learning first so that you can provide proper security for your Bitcoin investment. That way, the story will not later end in pain

[Pi-network314159]

I now that compounding Bitcoin as a newbie is good and getting inspiration from waren Buffett is Also important but don't you think knowledge is important for a newbie who doesn't know that much about Bitcoin. Learning about the risk in Bitcoin investment and the process of self custody should be a top priority first. A lot of people who ventured into Bitcoin without proper knowledge end up jumping out because they lack understanding.

[Cookdata]

When we start a business, we have to wait for a long time in this business, while waiting, we can enter the path of success. Similarly, when we invest in Bitcoin, if we do not plan for the long term but sell it within a short period of time, then we will not be able to go towards success at all. When we invest, we should definitely try to hold it for a long time and learn well and then move towards investment. In both investment and business, we have to have a mindset that it is not for the short term but for the long term, if we do not plan for it, we cannot be successful.

I was going through one thread today, I can't remember the history as my browser was on incognito mode then. What I did noticed is that the dude analyzed he has been buying Bitcoin every last 30 days of the month since November and to now he was able to accumulate some amount which brings his DCA to $86,000, I'm not sure but that was what I remembered. He has been buying since we were trading at all time high but assuming he didn't stop and continue to buy for another 4 months, his buy order might come down to $70k or $60k region.

What does it shows, you can buy Bitcoin at anytime you want and can continue to buy. Holding the money isn't helpful, he might even used the money for another project. If he waited for months and expect Bitcoin to drop down to imaginary price that he might never see, he may never buy Bitcoin. If by luck the price of Bitcoin start another trend, he will miss out this one and will be regretting not buying Bitcoin when he had the time to effect that change.

[coinrifft]

What does it shows, you can buy Bitcoin at anytime you want and can continue to buy. Holding the money isn't helpful, he might even used the money for another project. If he waited for months and expect Bitcoin to drop down to imaginary price that he might never see, he may never buy Bitcoin. If by luck the price of Bitcoin start another trend, he will miss out this one and will be regretting not buying Bitcoin when he had the time to effect that change.

And it's no secret, specially if you have the capital, and even if you are like the rest of us here, average joe, you can buy thru DCA and how much you can lose and then just work your ass off. It's more of a mental game, but if you successful done it, then you are for sure going to make a lot of profits in the future.

It's no secret, we have seen dedicated thread about it and everyone should follow that simple principle. You just have patience and then the mentality to look at the bigger future and delayed gratification.

[khiholangkang]

snip
Start compounding bitcoin now and be consistent as a newbie.

So indirectly we have to sell when bitcoin prints a new ATH and sell when the price in the market bears to create a bigger snowball mechanism, because that's the mechanism of compounding interest because that's the fastest, in stocks we have dividends as capital for the repurchase of shares but in bitcoin we have to sell our bitcoin when for and buy bitcoin again at a low price.

But this collides with people who have the principle of holding without selling, and continue to do DCA, what do you think?

[Emjay24]

Although the reality is that nothing is guaranteed that we must be profitable in the future like the early buyers at the same time nothing is stopping us from being more profitable than them.

I sense some contradiction here, you already mentioned the reality and still went ahead to say nothing is stopping us from being more profitable than them early adopters. A lot of factors would stop us later adopters from becoming as profitable as early ones which includes the price of Bitcoin being much higher now and the possibility of having and X10 like was easier earlier when the price was lower is no longer that easy, now even X2 takes years to come by, so there's no way we can match the profitability of early investors.

This isn't stopping anybody from investing, Bitcoin offers more features than just profitability which includes but not limited to decentralization, preserving the value of our funds over a longer period of time, freedom from government limitations in spending your coins and self custody, so investors still invest in Bitcoin to have access to these unique features as well.

[NewRevelation]

Sure, gathering and consistently accumulating Bitcoin is a good thing, especially for the fact that Bitcoin is a good assets and mist importantly, is a store of value.  From it's appreciating power, the amount of Bitcoin you gather today can become something very great tomorrow or in years to come. The issue is to be able to keep buying. We know sometimes, it falls, while other times, it rises, and it you have enough Bitcoin when it rises, then you have some good money for yourself.

Even though you don't have enough income to do so regularly, but with the DCA to, you can gradually but Bitcoin regularly as you can afford and keep stacking. It's never too late to compound, we will do just that

[Dzwaafu11]

Before we even start compounding it, we are expected to understand some of the safety precaution and measures that we should take first before advancing into anything about cryptocurrency, this will be the first protection we needed as information is the key security, of course it is good that we give acquiring bitcoin as we can, as long as we are not going to sell in loss but instead to make profit.

Sure, that is the first thing to do normally if you want to invest in Bitcoin as a beginner knowledge is the most important thing before any other thing. And this is always a problem to some newbies because they don't actually want to learn before investing in bitcoin that is why many of them sell their bitcoin in loss.

Since they don't have the fundamental knowledge of bitcoin many think it a easy investment,where they can get profit without wasting time, they think it's all about putting money and wait for a while which is not, so knowledge is the key.

[Makus]

As a beginner you cannot just start by compounding Bitcoin without taking out Time to understand some basic things about the crypto market. There's something called market psychology, this is a fundamental aspect of the crypto market and whether you are a trader or holder this is something that a lot of people fail to understand and learn. You must learn risk management and emotional control before you think about compounding Bitcoin. Without knowledge there is no point in talking about investing in Bitcoin, you need to take sometime to invest into understanding and learning what the market is all about before putting your money into it.

[Hardyrobust]

Compounding is very important, and this is the reason why those who started very early have become great today. Some investors neglect the power of compounding because they don't really understand the secret, and the success behind bitcoin compounding.
The story of this investor , and his method of investing has taught many investors many lessons on how they should go about investment. Every genue investment is build on long term strategy, people like Warren Buffett understand this secret, and has resorted on this strategies to enhance wealth creation.

The problem most people have, they are not willing to sacrifice their time to go into longterm investment but they want to make quick profit. For you to have good value in return you must be willing to hsve patience to invest longterm,  a time frame when their is no specific time to get profit. So far as investment is concerned when their is no plan for longterm their can never be good value over timd. Investment has to do with time and which is not just for a short time.

It is sound great not have a time line for profit taking especially for an unpredictable and  volatile nature of bitcoin, those who tend to set or have a specific time to get profit doesn't really understand the market and what investment is all about, surely investment needs enough time and as much as possible while putting your efforts, every journey of investment requires patience and as a virtue for a good and mature investment because without enough time your investment can not grow to the next level, bitcoin is best in the long term people should believe it or forget about it, you can get disappointed when you set a time frame or specific time to get profit.

There is need for an investor to have an investment timeline because without this most investors may end up selling there bitcoin when they are in profit. So there is need for an investor to  know how long they plan to hold there bitcoin before they can sell. However, there is always room for adjustments incase there is an unforeseen circumstances. However, I doubt if it will be possible for someone that has been holding bitcoin for 10 years or more not to be in profit if they decide to sell.

[Hamza2424]

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.

Warren Buffett is not a BTC person, but this is a good example to make your life better. I just found out that he bought his first stock at the age of 11, and by the time he was 26, he had more than $100k and those funds are almost equal to $1 million of cash today.

He definitely had a lot of patience and he invested in companies which give dividends.

Those dividends are like a snowball sliding from the top of a mountain, and by the time it reaches down, it increases in size. That's how compounding works and that's how he had made that much money. But to be honest and frank both, I don't think that much money is going to help a person after 50, as you are supposed to enjoy your life, fulfill your wishes which are legal in a young age and you can't even travel in good shape when you are old.

Anyway, money is money and you can do anything when you have enough haha.

[Dex_master25]

As a beginner you cannot just start by compounding Bitcoin without taking out Time to understand some basic things about the crypto market. There's something called market psychology, this is a fundamental aspect of the crypto market and whether you are a trader or holder this is something that a lot of people fail to understand and learn. You must learn risk management and emotional control before you think about compounding Bitcoin. Without knowledge there is no point in talking about investing in Bitcoin, you need to take sometime to invest into understanding and learning what the market is all about before putting your money into it.

There's sense in what you said because before practicals in real life comes the theory aspect and one just can't jump to start compounding Bitcoin without the knowledge of the theories of how to hold, how to buy, when to buy or sell, how to safely keep it and how to manage funds to achieve this without drowning in economic crisis.
A source of income is also important before one starts thinking about compounding Bitcoin because a meager source can be a lot worse to use when there are more pressing financial responsibilities and pressures inherent.

[Chinesebaby]

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.

Warren Buffett was a great business man and investor who understood the importance of compounding interests over time, and wit his strategy he was able to accumulate wealth while investing in low value companies which nobody ever thought their worth will skyrocket over decades. And right now in this 21th century, his approach can be channel towards crypto investment. And when I say crypto, I don't mean only Bitcoin, but other less value coins that has proven t have potential in the future, by just buying and holding it for the next decade. Which is equally 10years from now.

[Knight Hider]

Thanks for the advice. All I need is $67,000,000 to reach 100 billion in 45 years.