Can small investors actually make good profit with bitcoin ?

[sotelorene]

There’s no guarantee you’ll be profitable even In the long term because bitcoin is very volatile. The price of bitcoin is very unpredictable so you can’t be certain that you’ll be in profit. Apart from bitcoin price value mostly driven by supply and demand there are also other factors which influences the market price movement that are very much unknown so it’s not certain that you will be in profit or you’ll be in a loss in the future and that’s why it’s important to invest according to your risk tolerance level because there’s no certainty in the market.

One thing I believe is that if Bitcoin keep existing then surely, someone will make profit in the long run no matter the volatility of Bitcoin because the fact that Bitcoin is volatile doesn't mean it can stay in a particular price for over 2 years no, I doubt that and i don't think it has ever happened in Bitcoin before and so, I don't think it will happen now and even though the volatility of Bitcoin reduces, if it doesn't lose value it will definitely surge so two things are always involve and I don't see Bitcoin losing value anytime soon.

[Bigjoe33]

Now consider yourself lucky enough to have a total investment amount of $10K (which itself isn’t chump change). What’s even better? You can enter at the very bottom of the bear market and ride through its entirety — and enjoy returns of well over 2-3x in the upcoming bull market. But then why should I think I’d see those kinds of gains if I’ve just bought in at some price near an all-time high? Well, maybe I’m being too hopeful but it seems inevitable!

Buying at the very bottom of a bear market is not the same as knowing the price in advance. I assume you have taken advantage of the so-called bear market, but what will investors do if that price doesn't come?

Even the highest price of the previous cycle does not determine how low you can buy in the next bear market. The price may fall later, but there is no guarantee that it will go below today's price. To illustrate, if the price goes from $100k to $160k and then drops to $120k, then there has been a big drop from the peak, but those who waited and didn't buy when it was $100k didn't get the chance to buy at a lower price.

There is absolutely NO need to begin to check when to enter the market or when to buy Bitcoin, or perhaps considering the gains you will make when you buy during the bear season and compared to those who will buy near the ATH market period. It really makes no sense to me as long as you want to HODL Bitcoin for long time frame of 4-10 years and above. Unless you are a trader who is just after short time market gains, of which is not the best way to go about Bitcoin because the short gains that may be made cannot be compared to what Bitcoin might yield if you HODL for longer period as an investor.

The best practice has always been to buy Bitcoin regularly, consistently and continuously using the DCA regardless of the current market price, wether the price is moving upwards, downwards or sideways. If we can and HODL, growing our portfolio, then in a long run, we could see a significant growth in our assets and in the price of Bitcoin hopefully.

[slaman29]

<>

What do you mean? DCA ignores bear and bull and in fact, longer bears, bigger bears are even more fun (which is usually the opposite in trading because people seldom short for long) as your average price lowers. Bitcoin makes it the best asset even since it always spends much more time in bear than in bull!

During that 2017 bull run period, it was almost anyone who bought bitcoin during that time that could make money from it because the price was rising fast due to all the hype around it then and also the growing interest in it and the new money entering into the market back then

In that kind of situation, it would be difficult to tell the difference between folks who truly understood the market and those who just got lucky.
That’s why it kinda felt like gambling, because people could literally make profit without necessarily having any solid investment strategy.

When the real problem came was when the bull market ended , the people who thought that things were gonna keep being sweet forever, they now had to deal with price crashes and losses, some even went as far as taking bigger risks just because they want to cover their losses, all these because they never planned or knew how to handle a market downturn.

Its what I said. Anybody and all idiots myself most included was doing so well in 2017. Buy shit and it became 5x in no time, it was a matter of who sold at the top and who exited first. At least I knew I was lucky, because I also tried doubling down every time there was a shitdip, then it failed, so I knew there was no skill involved.

Remember, even those famous crypto portfolios ALL lost in the bears. Makes you think a lot

[Perfect-World]

Sir, in my opinion small investors can also get a chance to make good profits from Bitcoin in the long term. There is no such thing as having to invest a large amount of money in the beginning. I myself started with a fairly small amount of money but my goal is to continue investing regularly and hold Bitcoin in the long term. My plan is to hold Bitcoin for at least 4–10+ years or more.

You sound like it's a bad thing to invest with a big amount of money which is not at all. You can buy Bitcoin with bigger amount so long as you have enough discretionary income to do so, and still have some left to build up your back up funds. The only thing here is that it is not mandatory that you must start your investment with big amounts, no.
Then for newbies, since they don't know much and are still trying to learn there income management and allocation, sometimes it is advised that they start out small with there investment while they figure things out properly and also build confidence in there investment.

For me the main thing is that how much money I started investing with at the beginning is more important than how consistently I can continue investing. Over time if my income or investment ability increases I will also increase the investment amount.

This is totally wrong. Consistency is the key to investment and not how much you started investing with.

An investor who starts his investment with little amounts due to his little discretionary, but remains consistent with his investment will have a greater amount of Bitcoin in his portfolio if he does that in a long run, let's say 4-10 and above, compared to another investor who buys Bitcoin with a slightly higher amount but is not buying regularly.

We know that big buys helps to increase the portfolio size, yea, but it can't beat a consistent buyer if given a specific period of time for comparison. While we aim to improve our buys, we must also aim to remain consistent in buying. Consistency is the key to regular growth of our assets.

[PhilosopherKing]

Sir, in my opinion small investors can also get a chance to make good profits from Bitcoin in the long term. There is no such thing as having to invest a large amount of money in the beginning. I myself started with a fairly small amount of money but my goal is to continue investing regularly and hold Bitcoin in the long term. My plan is to hold Bitcoin for at least 4–10+ years or more.

You sound like it's a bad thing to invest with a big amount of money which is not at all. You can buy Bitcoin with bigger amount so long as you have enough discretionary income to do so, and still have some left to build up your back up funds. The only thing here is that it is not mandatory that you must start your investment with big amounts, no.
Then for newbies, since they don't know much and are still trying to learn there income management and allocation, sometimes it is advised that they start out small with there investment while they figure things out properly and also build confidence in there investment.

A newbie is still learning, so it will be more good that they start little instead of them trying to invest big. The best risk management that a newbie can do is to start small . And it is good that they do that because while they are still learning. During learning, newbies make all manner of mistakes because they haven't gotten much knowledge as professional investors.

If they make mistakes like them using the wrong money to invest and it cost them some of that their stash, at least the loss will not be as what they could have lost when they ongoingly invest big money.

As the newbie gain knowledge along the way, they can begin to increase the amount for investment.

[Betwrong]

I believe you, my friend. From my personal experience, trading anything isn’t fun, especially when you want to sell something valuable. People always think you want to deceive them, and you end up selling something valuable for pennies if you’re in desperate need of cash. Trading Bitcoin is similar to that. There were times when it was hard to sell BTC for $200, and here we are - trying to sell it for $85k. I 100% agree with you, mate — trading Bitcoin is far from being fun.

I get the bull run in 2017. Nobody could make a mistake in that short time, everything you would buy could turn to gold. But that's the fun of gambling rather than trading. Stay long enough and all that gold turns to dust and then its mass panic as you chase losses. I was there, I was one of them

DCA is fun though

Yeah, I support people that enjoy the process of consistently stacking sats over time. If you really spend the amount you can easily afford to lose on buying Bitcoin, why not do it once or twice in a month? After all, if you spend it on coffee, alcohol or food when you are overweight, you are going to lose more than money, you are going to lose your health. Buy Bitcoin with your spare money if you have it.

[arwin100]

I believe you, my friend. From my personal experience, trading anything isn’t fun, especially when you want to sell something valuable. People always think you want to deceive them, and you end up selling something valuable for pennies if you’re in desperate need of cash. Trading Bitcoin is similar to that. There were times when it was hard to sell BTC for $200, and here we are - trying to sell it for $85k. I 100% agree with you, mate — trading Bitcoin is far from being fun.

I get the bull run in 2017. Nobody could make a mistake in that short time, everything you would buy could turn to gold. But that's the fun of gambling rather than trading. Stay long enough and all that gold turns to dust and then its mass panic as you chase losses. I was there, I was one of them

DCA is fun though

Yeah, I support people that enjoy the process of consistently stacking sats over time. If you really spend the amount you can easily afford to lose on buying Bitcoin, why not do it once or twice in a month? After all, if you spend it on coffee, alcohol or food when you are overweight, you are going to lose more than money, you are going to lose your health. Buy Bitcoin with your spare money if you have it.

Yeah they can actually do that buy once or twice a month, since its better than nothing or waste their money on unnecessary buys.

Those alcohols, coffee or other nonsense things will just disappear and they won't get anything from it, but those Bitcoin they buy could possibly grow its value and with this they could possibly get much better returns.

So choose to commit and keep stacking. Since doing DCA Bitcoin is not only fun but also rewarding.

[Sim_card]

A newbie is still learning, so it will be more good that they start little instead of them trying to invest big. The best risk management that a newbie can do is to start small . And it is good that they do that because while they are still learning. During learning, newbies make all manner of mistakes because they haven't gotten much knowledge as professional investors.

It's not a must that a brand new investor with a large discretionary income should start his bitcoin investment with a small amount of money from his fat discretionary income all in the name that he wants to learn about bitcoin to a certain point before he start using a big amount from his discretionary income to buy bitcoin.

Provided that he has figured out his discretionary income and has the zeal to DCA based on the size of his discretionary income and also use some part of build his emergency funds overtime. Some newbies might be new to bitcoin investment but it doesn't mean that they're new to investing because some of them already have other investment that they want to diversify from there into bitcoin.

If they make mistakes like them using the wrong money to invest and it cost them some of that their stash, at least the loss will not be as what they could have lost when they ongoingly invest big money.

This is why you don't need to rush into buying bitcoin without figuring out your discretionary income yet to avoid you buying beyond your discretionary income. I call that gambling because it's a wrong practice that will later, come back and bite you on your ass and you might sell at loss if your needs arises and bitcoin price is below your entry point. Brand new investors shouldn't make this mistake.

[Nightwatchmare]

Other way you can make money with Bitcoin is by buying Bitcoin when it is down and sell it as soon as it high, which is known as trading but it is risky because you can lose your money in the process. Yes some investors can actually make good profit with Bitcoin investment, what they just need to do is to accumulate Bitcoin consistently with dollar cost averaging (DCA) with the amount of money they can spare to lose, if they do this for at least 4 - 5 years they will arrive at a reasonable amount of Bitcoin that if they hold it for long term they will make good profit with Bitcoin investment.

[samadam007]

Other way you can make money with Bitcoin is by buying Bitcoin when it is down and sell it as soon as it high, which is known as trading but it is risky because you can lose your money in the process. Yes some investors can actually make good profit with Bitcoin investment, what they just need to do is to accumulate Bitcoin consistently with dollar cost averaging (DCA) with the amount of money they can spare to lose, if they do this for at least 4 - 5 years they will arrive at a reasonable amount of Bitcoin that if they hold it for long term they will make good profit with Bitcoin investment.

Buying bitcoin because you think that is the lowest price, and selling because you also think that is the highest prive is not a good way to make profit. I wouldn’t give anybody that advice. It is just unnecessary gambling compared to the better chance you will have if you’re able to accumulate without trying to time the market by looking for the perfect entry to buy and later sell. There is no future in chasing quick profit when you should be buying consistently. As for holding duration, i don’t see 4-5 years as long term. Since your goal is to give your investment enough time to grow, it is better for folks to set their target to nothing less than 10 years, which makes more sense.

[Gost ms]

A newbie is still learning, so it will be more good that they start little instead of them trying to invest big. The best risk management that a newbie can do is to start small . And it is good that they do that because while they are still learning. During learning, newbies make all manner of mistakes because they haven't gotten much knowledge as professional investors.

It is not mandatory for every person to start with a small amount. Every person can invest the amount of their discretionary income that they are always willing to invest. To start investing, a person only needs a source of discretionary income. If a person is able to find a source of discretionary income, then he can start investing.

The reason why it is said to start with a small amount is because there are many people who are afraid of the volatility of Bitcoin and when they invest with a large amount of money, if the market falls, they may not be able to control their emotions and sell. We have to look at starting with a small amount in two ways. Because there are many people who can build faith in Bitcoin and are able to easily deal with the fall. Such a person can definitely invest the amount of money that he will always use in the beginning.

[GIF-JOBS]

Other way you can make money with Bitcoin is by buying Bitcoin when it is down and sell it as soon as it high, which is known as trading but it is risky because you can lose your money in the process. Yes some investors can actually make good profit with Bitcoin investment, what they just need to do is to accumulate Bitcoin consistently with dollar cost averaging (DCA) with the amount of money they can spare to lose, if they do this for at least 4 - 5 years they will arrive at a reasonable amount of Bitcoin that if they hold it for long term they will make good profit with Bitcoin investment.

Buying bitcoin because you think that is the lowest price, and selling because you also think that is the highest prive is not a good way to make profit. I wouldn’t give anybody that advice. It is just unnecessary gambling compared to the better chance you will have if you’re able to accumulate without trying to time the market by looking for the perfect entry to buy and later sell. There is no future in chasing quick profit when you should be buying consistently. As for holding duration, i don’t see 4-5 years as long term. Since your goal is to give your investment enough time to grow, it is better for folks to set their target to nothing less than 10 years, which makes more sense.

It is not easy to make regular profits by buying when the price of Bitcoin is the lowest and selling when it is the highest. It is difficult to accurately determine the lowest and highest market prices in advance. Many times, investors refrain from buying thinking that the price will fall further, but later when the price increases, they are forced to buy at a higher price. Again, after selling when the price has increased a lot, the market may rise further.

Create a realistic plan to build wealth in Bitcoin and continue to invest regularly according to that plan. Bitcoin can be bought regularly with a certain portion of the surplus money that is left after meeting daily essential expenses. It is important to have an emergency fund along with investments and to stay within your financial capabilities.

It is not right to consider four to five years as a sufficient period for long-term investment. When planning an investment in Bitcoin at least 10 years or more can be considered. This makes it easier to give importance to long-term goals instead of short-term market conditions. However, there is no guarantee that the price of Bitcoin will definitely increase even if you hold it for a long time. Investment success depends not only on when you buy or sell but also on financial preparation, risk tolerance, patience and consistency.

[JayJuanGee]

A newbie is still learning, so it will be more good that they start little instead of them trying to invest big. The best risk management that a newbie can do is to start small . And it is good that they do that because while they are still learning. During learning, newbies make all manner of mistakes because they haven't gotten much knowledge as professional investors.

It is not mandatory for every person to start with a small amount. Every person can invest the amount of their discretionary income that they are always willing to invest. To start investing, a person only needs a source of discretionary income. If a person is able to find a source of discretionary income, then he can start investing.

The reason why it is said to start with a small amount is because there are many people who are afraid of the volatility of Bitcoin and when they invest with a large amount of money, if the market falls, they may not be able to control their emotions and sell. We have to look at starting with a small amount in two ways. Because there are many people who can build faith in Bitcoin and are able to easily deal with the fall. Such a person can definitely invest the amount of money that he will always use in the beginning.

You are correct that newbies can decide to start however they like, yet you are wrong to proclaim that they need a source of income to invest in bitcoin.

To invest in bitcoin, all they need is discretionary funds, and if they have discretionary funds, they can decide whether and how much of it to invest in bitcoin and whether to buy right away and/or DCA and/or buy on dips.

It likely would also be good to put some of the money in their back up funds, especially in cases in which their future income and/or expenses might be uncertain.

[Lontor]

Making good money from Bitcoin investment is very possible, bitcoin always have better value depending on when you buy your dips, those who already jump into the wagon at 58k are already in profit right now, buying period is always crucial.

Atleast expecting to make profits this way is better than planning to retire with 0.1BTC like some people are claiming, it's going to be a waiting list and it might never come to past or maybe it's going to take too extra long to get anywhere.

I would rather plan my retirement with 0.4BTC or have it in mind to just hold some Bitcoin that I can afford and wait for some profits, if you want to get big result you need to go big too..

[Merit.s]

Making good money from Bitcoin investment is very possible, bitcoin always have better value depending on when you buy your dips, those who already jump into the wagon at 58k are already in profit right now, buying period is always crucial.

This is a trading mindset because if you continue with this mindset of buying low and selling high, it will put you at loss in the long run. A brand new investor should not plan on buying strictly at the dip because the market is unpredictable and that will make you a no coiner for long since, the dip is unpredictable.

You should use DCA method to accumulate bitcoin because it's stress free and easy going overtime. You buy bitcoin weekly/monthly when you discretionary income is available and before you know it gradually, you bitcoin stash is increasing overtime provided, you are buying consistently and persistently. There is no best time to buy bitcoin because the dip you are waiting might not come and waiting for the dip will make you have very little bitcoin in future which you will regret if bitcoin is very expensive by then.

Atleast expecting to make profits this way is better than planning to retire with 0.1BTC like some people are claiming, it's going to be a waiting list and it might never come to past or maybe it's going to take too extra long to get anywhere.

You shouldn't put profit first as a new investor because it will distract you from staying focus and build your bitcoin invest for a long term because if you see any increase in the price of bitcoin, you will rush to sell and before you know it you have transit from a long term bitcoin investor to a trader.

The best thing is to focus on building your bitcoin stash with DCA till you reach you bitcoin target and look for means to increase your income so that, you can continuously buy bitcoin weekly.

[Saltysugar99]

Other way you can make money with Bitcoin is by buying Bitcoin when it is down and sell it as soon as it high, which is known as trading but it is risky because you can lose your money in the process. Yes some investors can actually make good profit with Bitcoin investment, what they just need to do is to accumulate Bitcoin consistently with dollar cost averaging (DCA) with the amount of money they can spare to lose, if they do this for at least 4 - 5 years they will arrive at a reasonable amount of Bitcoin that if they hold it for long term they will make good profit with Bitcoin investment.

Since how much bitcoin accumulation is sufficient depends on the financial condition of the person investing. Therefore, it is not right to give a fixed rule to anyone that a person can accumulate enough bitcoin by following DCA regularly for 4 to 5 years and will earn good profits later. In my opinion, the goal of a long-term investor should be to continue bitcoin accumulation regularly according to his ability. There is no obligation to think about profit only after the first 4 or 5 years of accumulation. And when a person thinks about profit, when to sell bitcoin holding, it depends on the age of that person, the status of the income source and the responsibilities. Now if a person is at the end of his career and is very old, and his income source will stop in just a few months , in that case if he has a bitcoin holding for the last 4 to 5 years, he can think about it. But if a person is around 37 aged and is now earning has built up a sufficient bitcoin holding and is in a profitable position but wants to accumulate more bitcoin so that when he is unemployed, he can spend the rest of his life with this bitcoin holding, then although that person is investing for a long time, he does not stop investing. He is continuing to do so for financial security in the future. In this case, his overall situation is working in favor of continuing to invest. And when he meets his accumulation target or reaches the overaccumulation stage, there will be an opportunity to maintain the holdings or think about a planned sustainable withdrawal.

[Big Dirams]

A newbie is still learning, so it will be more good that they start little instead of them trying to invest big. The best risk management that a newbie can do is to start small . And it is good that they do that because while they are still learning. During learning, newbies make all manner of mistakes because they haven't gotten much knowledge as professional investors.

It is not mandatory for every person to start with a small amount. Every person can invest the amount of their discretionary income that they are always willing to invest. To start investing, a person only needs a source of discretionary income. If a person is able to find a source of discretionary income, then he can start investing.

The reason why it is said to start with a small amount is because there are many people who are afraid of the volatility of Bitcoin and when they invest with a large amount of money, if the market falls, they may not be able to control their emotions and sell. We have to look at starting with a small amount in two ways. Because there are many people who can build faith in Bitcoin and are able to easily deal with the fall. Such a person can definitely invest the amount of money that he will always use in the beginning.

You are correct that newbies can decide to start however they like, yet you are wrong to proclaim that they need a source of income to invest in bitcoin.

To invest in bitcoin, all they need is discretionary funds, and if they have discretionary funds, they can decide whether and how much of it to invest in bitcoin and whether to buy right away and/or DCA and/or buy on dips.

It likely would also be good to put some of the money in their back up funds, especially in cases in which their future income and/or expenses might be uncertain.

You said it all, newbie trying to invest into bitcoin doesn’t really need a source of income before investing in bitcoin because if that how it works then they will only be a few investors holding bitcoin. Some people do use to have money but they don’t have a source of income so we don’t expect them not to invest in bitcoin, discretionary income is all what we need and to start our bitcoin investment and if that is taken care of then we can begin our investment.
 Back up funds is quite important too, because we don’t know what the future holds so preparing for it is definitely a smart idea and it will save us from circumstances we don’t have actual plans for.

[Christopher336]

I don't think a small Bitcoin investor can be profitable. Please there's a big difference between trading and investing. In trading you'll have to apply buy and sell, controlling how you want the market to move for you but investment. You don't do anything you just fund your account and allow it to grow. In 'Grow' I mean for an instance you invest with 5k while Bitcoin is at 82k, you will have to wait until Bitcoin hit 164k to get 100% profit of that your 5k

[Nightwatchmare]

Since how much bitcoin accumulation is sufficient depends on the financial condition of the person investing. Therefore, it is not right to give a fixed rule to anyone that a person can accumulate enough bitcoin by following DCA regularly for 4 to 5 years and will earn good profits later. In my opinion, the goal of a long-term investor should be to continue bitcoin accumulation regularly according to his ability. There is no obligation to think about profit only after the first 4 or 5 years of accumulation. And when a person thinks about profit, when to sell bitcoin holding, it depends on the age of that person, the status of the income source and the responsibilities. Now if a person is at the end of his career and is very old, and his income source will stop in just a few months , in that case if he has a bitcoin holding for the last 4 to 5 years, he can think about it. But if a person is around 37 aged and is now earning has built up a sufficient bitcoin holding and is in a profitable position but wants to accumulate more bitcoin so that when he is unemployed, he can spend the rest of his life with this bitcoin holding, then although that person is investing for a long time, he does not stop investing. He is continuing to do so for financial security in the future. In this case, his overall situation is working in favor of continuing to invest. And when he meets his accumulation target or reaches the overaccumulation stage, there will be an opportunity to maintain the holdings or think about a planned sustainable withdrawal.

Hello Saltysugar99, i did not set a timeline when investors should sell their Bitcoin please, what i said is, small investors could make profit with Bitcoin if they consistently accumulate with dollar cost averaging (DCA) for 4 to 5 years. When an investor has successfully accumulated the size of Bitcoin he wants to hold, he will need to hold his Bitcoin for complete one cycle before deciding to sell it, and it is not up to you and i to decide for any investor when he should sell his Bitcoin. If you want to sell your Bitcoin when you are old you can stick to that but do not expect other investors to follow your investment plan.

[slaman29]

<>
DCA is fun though

Yeah, I support people that enjoy the process of consistently stacking sats over time. If you really spend the amount you can easily afford to lose on buying Bitcoin, why not do it once or twice in a month? After all, if you spend it on coffee, alcohol or food when you are overweight, you are going to lose more than money, you are going to lose your health. Buy Bitcoin with your spare money if you have it.

Or once a quarter, or once a week, or instead of a regular period, something like 'everytime I have $50 savings in my DCA pot, I buy BTC' that's the beauty of the whole thing, right?

Yeah they can actually do that buy once or twice a month, since its better than nothing or waste their money on unnecessary buys.

Those alcohols, coffee or other nonsense things will just disappear and they won't get anything from it, but those Bitcoin they buy could possibly grow its value and with this they could possibly get much better returns.

So choose to commit and keep stacking. Since doing DCA Bitcoin is not only fun but also rewarding.

Well I like my coffee and other nonsense, it keeps me happy. But I kill my dumbass social media habits, kill my netflix, kill my Spotify, you can have the same entertainment without those expensive subscriptions.