I have been thinking lately about how investing in bitcoin is actually a great idea but also it can be really hard to make profit off bitcoin if you're a small Investor
Imagine this:
If bitcoin is at $64k and me as a small investor bought with $1k, for me to make 100% profit bitcoin will have to hit $128k, that is still feasible
But if I'm hoping to make a 200% profit on my investment bitcoin price will have to get to $256k, how achievable is that ? And if it's achievable how long is it going to take
Which brings me back to my question
Can small investors actually make good profit with bitcoin?
Or are there other ways to make money with bitcoin as a small investor rather than just buy and hold?
Having the mindset of making 💯 interests of what you invest is wrong in the first place because no one determines the events of Bitcoin to is $64k is eventually going to either continue with the dip or upward movement but here's the thing if you invest with small money the following is considered;
1. The duration of your investment. How long will I allow this investment
2. What if still going against me?
3. Don't think about profits alone, what about the risk involved
4. Investment is not done for 100% interests expectations but increase above the capital invested
5. Be ready to loss everything as well, in case life affects you or investment
That's my takes but every small capital requires patience for growth and expansion