As a beginner start compounding bitcoin.

[goldkingcoiner]

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.

Well I agree that compounding Bitcoin is a insanely smart investment decision that will pay off nicely even in a few years instead of many decades like in the case of Warren Buffet, but I am confused as to what a 92 year old man would need or want that much money for? To give to his kids? For charity? I mean let's face facts: The man is not going to live for very long. At best a few more years.... He should have done something more useful with that money than compound it endlessly. Who is going to take care of that fortune when he is gone?

What is the point in continuing to compound when you are 92?

[Luke3bird]

Well I agree that compounding Bitcoin is a insanely smart investment decision that will pay off nicely even in a few years instead of many decades like in the case of Warren Buffet, but I am confused as to what a 92 year old man would need or want that much money for? To give to his kids? For charity? I mean let's face facts: The man is not going to live for very long. At best a few more years.... He should have done something more useful with that money than compound it endlessly. Who is going to take care of that fortune when he is gone?

What is the point in continuing to compound when you are 92?

The elderly who have enough or abundant money will likely no longer have need of compounding more and they are not ready to take risk from low risk to high risk. They likely are favorite with securing their current wealth and enjoying their life, while oppositely the young people will have need of building up their wealth so they are more ready to take risk.

Depends on their taste of risk acceptance, personal traits as well as knowledge and experience for financial management and investment, they will choose to take low or high risk.

With Warren Buffet, he is no longer want to take risk and his sayings about Bitcoin show that.

[Sammye3]

There is this saying that "a moving man would always meet his luck" and that statement keeps ringing on my mind remimding me to never relented even when it feels like nothing is working out. Compounding Bitcoin is not an easy journey as it requires a lot of patience and a stable income for discretionary funds. Many people would think that the current Bitcoin price is already too far gone for a startup investment but that's a lie, it becomes too big because of the perspective they have in mind.

Bitcoin would be bigger than what it is today and it's a matter of "when", which is the biggest fear of most investors. Anyone investing in Bitcoin should already have a plan in mind and how they choose to invest, also how long they choose to leave their investment. This would help give a little direction as to the best time to invest and withdraw.

[Jubilee58]

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.

[Crytohillss]

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.

Compound is one of the most underrated concept s in investing many people focus too much on short term profits and end up missing the biggest pictures the real strength of compounding comes from consistency patience and giving your investment enough time to grow. In the case Bitcoin those who accumulated gradually and held through market cycles often benefits more than those trying to chase quick gains. Long term investing may not be exciting but history has shown that patience usually produces good result than constantly reaction to market fluctuations.

[Alpen]

But this is entirely different from bitcoin. Warren Buffett is known to be one of the most known bitcoin critic, although you can only know about that when you asked him questions about bitcoin, unlike Peter Schiff.

It is good to hold bitcoin, but the example of the person you used is absolutely not worth it.

Holding bitcoin can truly make someone's wealth to increase.

If holding Bitcoin is supposed to increase one's wealth, then why is MicroStrategy, the largest corporate holder of BTC, posting such massive losses?

[abaeze]

Bitcoin does not pay interest, so automatic compounding profits like banks are not possible with it. Even if all the investment formulas can be applied to Warren Buffet, there will be no problem or financial crisis in accepting any of his strategies or continuing to invest accordingly. But it is not possible for ordinary people to manage it. Because there is no benefit in being a ginger trader with news of ships. Motivation can be given by telling Warren Buffet's story, but it is not the same to follow that path by studying his determination and determination. However, if someone holds Bitcoin for a long time and continues DCA regularly, then perhaps a large amount of future price increase can create a compounding profit effect.

[Emjay24]

To compound Bitcoin, it means to sell and reinvest the profits for more profits,this is the literary meaning of compounding. If that be the case, I don't think it is a good approach because a lot of us believe in holding for long. There are people that trump token buy during bear season and sell during bull season to reinvest in the next bear season, this method is the same as compounding but due to how technical it is and how prone it is to mistake, I don't recommend this. I still prefer accumulation of Bitcoin to whatever pattern that is being suggested here.

I don't thinks this is the valid idea of compounding, I like to think of compounding as continuous addition to your stashes without selling while you allow your portfolio to grow naturally and the price appreciation of bitcoin compound the profits on your investment overtime. The compounding effect comes from enlarged portfolio and long-term holding period. for example, those that bought 1 bitcoin at $5k, had $5k interest when the price rose to 10k and if they've not shaved profits to maintain the $5k worth and 0.5BTC now instead of 1BTC, when the price goes to 20k, they would have extra $10k profits instead of $5k since their new investment is now worth $10k before the next X2 price increase and the new profit is $10k and so it continues going on and the price compounds on both capital and profits.

[Y3shot]

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.

[Tmoonz]

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.

[L E G E N D A R Y]

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.

Well, when I see folks who behave this way, I actually don't blame them, and that's because most of them are usually those who started off their crypto journey with investing and trading shitcoins and altcoins, so even if they want to try to convince themselves that they can actually approach bitcoin with that long term mindset, they still see that shitcoin and quick profit mindset kicking in automatically, and they eventually find themselves making obvious mistakes that they could've ordinarily avoided if they had maintained a long term approach.

[Alonso_]

Passion is something that carries someone to his or her destination, we have seen a situation that cut across so many different things, in terms of buying and holding bitcoin, newbies that are compounding bitcoin should have a sense of awareness and security about what they’re doing in terms of longevity.

However you don’t have to start big, starting small is very good and essential for an investor who is investing in bitcoin for such a very longest time period.

It’s never too late to start buying and accumulating bitcoin, whatever time you start buying and accumulating bitcoins should be an ultimate priority for that individual to keep buying and stacking bitcoin.

[Big Dirams]

Well, when I see folks who behave this way, I actually don't blame them, and that's because most of them are usually those who started off their crypto journey with investing and trading shitcoins and altcoins, so even if they want to try to convince themselves that they can actually approach bitcoin with that long term mindset, they still see that shitcoin and quick profit mindset kicking in automatically, and they eventually find themselves making obvious mistakes that they could've ordinarily avoided if they had maintained a long term approach.

Folks with this mindset always end up making silly mistakes which they could have easily avoided and focus into the long term approach  but all they are just after is the quick profits and fast gains. As an investors focusing on long term growth is the best move because we are gradually securing our future gains and the future growth is more and more better than the quick profits they chase after.

I know
It might be difficult to convince many with this mindset but we can keep encouraging and advising them to build something for future. They could still keep their quick profits in mind with other pairs if they don’t wanna stop but with bitcoin they should prioritize the long term approach.

[Somegory]

As a beginner you only have two things to worry about.

1. Your health and wellbeing.

There is no success without a good health, there are millions of people around the world that will choose health over money right now because they are not in good shape, don't play with your health.

2. Investments.

Bitcoin is a good choice, reliable, but if you are someone who will loose it if anything happens in the future it's better to diversify, don't buy only Bitcoin, make sure you have some assets like Gold too.

[348Judah]

We should start compounding bitcoin as well as having a secured storage to safeguard our assets under a non-con studio wallet, though it is well understood that bitcoin is not stored on our wallet, but instead on the blockchain.

If you have an opportunity of investing in Bitcoin, then try to make hay while the sun still shines, because it is a digital currency and assets that promise a future benefit, all we just need is to invest and hold, the market will rise at due season and make us profitable with our investment in Bitcoin.

[arwin100]

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.

Well, when I see folks who behave this way, I actually don't blame them, and that's because most of them are usually those who started off their crypto journey with investing and trading shitcoins and altcoins, so even if they want to try to convince themselves that they can actually approach bitcoin with that long term mindset, they still see that shitcoin and quick profit mindset kicking in automatically, and they eventually find themselves making obvious mistakes that they could've ordinarily avoided if they had maintained a long term approach.

That happens especially if they didn't help themselves to learn more about Bitcoin.

If they get tied up with their bad experience on other alts and continue to became doubtful they won't gain anything by deciding to think negative on it.

Well its really hard to experience scams but if they didn't upgrade and learn what's best coin to buy. Then for sure later on they might continue to seek for new altcoins and will just continue to repeat those bad situation happens to them.

[SeriouslyGiveaway]

That happens especially if they didn't help themselves to learn more about Bitcoin.

If they get tied up with their bad experience on other alts and continue to became doubtful they won't gain anything by deciding to think negative on it.

Well its really hard to experience scams but if they didn't upgrade and learn what's best coin to buy. Then for sure later on they might continue to seek for new altcoins and will just continue to repeat those bad situation happens to them.

They can learn if they want to do that, and after learning well, they will change their mindset and practice.
If they don't want to learn, nobody can change them and help them, as learning is individual responsibility and financial management is similar too.

Risks with altcoins and shitcoins are very high and there are enough warnings as well as educational resources for learning.
The two types of altcoins: Oscillators and Degenerators.
How many cryptocurrencies failed?

There are a lot of information and insights there for learning, but will greedy people are ready to learn and to change themselves, starting by reading these articles?

[L E G E N D A R Y]

That happens especially if they didn't help themselves to learn more about Bitcoin.

If they get tied up with their bad experience on other alts and continue to became doubtful they won't gain anything by deciding to think negative on it.

Well its really hard to experience scams but if they didn't upgrade and learn what's best coin to buy. Then for sure later on they might continue to seek for new altcoins and will just continue to repeat those bad situation happens to them.

Quite true. As an investor or a trader, learning and research should never cease, in fact it should be an everyday thing. People keep on getting into the same problem over and over again because they fail to learn and just believe there’s a better way to make the same mistakes, while in reality, there’s no better way to make mistakes other than to learn from that mistake and use the experience gotten from it to fix and try as much as possible not to get into that situation again, but some people would rather keep making the same mistake than learn.

[KiaKia]

Every information about Bitcoin is available online, at this point we are just trying to help people who don't want to be helped, everyone is ok with the situation they are in, even if it doesn't look great in your eye they might be loving.

If not, why would anyone be stressing themselves for others to learn about Bitcoin? Like I love to say, bitcoin is not something that's hidden anymore, everyone is talking about it, news have it on, feeds have it on, it's everywhere.

If you are not in Bitcoin already you choose to be out of it, and every opinions should be respected,

[Grace333]

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.