Buying Bitcoin | Bitcointalksearch.org

Just Say

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

Age is not a factor for Bitcoin investment. Whether you are young or old, if you have enough money to buy Bitcoin, you can buy it and keep it as an investment because it is controlled by you and not by anyone else.

OP you can buy any amount of bitcoins for investment depends on your ability. You can buy bitcoins starting from $5, $10, $20, or even $100. We can consider the method you mentioned of buying bitcoins for investment every month as a dollar cost averaging method. The method of buying and depositing bitcoins on a monthly basis is fruitful for us.

Onyeeze

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

if you have the opportunity to invest in bitcoin, just invest in bitcoin because I know that the little you invest in bitcoin will remain constant, and the value will continue to increase if you have never withdrawn it because of panic, if you have confidence in bitcoin you can invest more in bitcoin according to what you have already, investing in Bitcoin is like investment which I know that will yield profits for you, people who is a billionaire today in bitcoin never knew that price of bitcoin will be at this point we see the price of bitcoin, what I know concerning bitcoin price is that it fluctuates and it can make you Rich unexpectedly depends the amount of you invested before it increment

Wakate

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Quote from: Ojima-ojo on August 13, 2024, 06:02:22 PM

Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

You last question contradict your First question, because you wanted to know what the possibility and position if you buy a £10 worth of Bitcoin, but in the last question you mentioned that you already bought Bitcoin worth £20 that have increased in profits x2 which now is at £40.

With the above statement it means you may be far from the truth and should at least rephrase yourself statement again so that we can contribute rightly.

I think he has problem with sentences because his words are quite contradicting. Maybe he is not saying the truth because the way he has written it is quite misleading. We can always buy different units if Bitcoin and it all depends on where we are buying it and from whom we are buying it. There are exchanges where users can buy as low as $5 worth of Bitcoin. If op is quite sure that he is saying the truth, then he shouldn't be asking this kind of question about whether he could purchase smaller units if Bitcoin just like he had bought few times ago. It is good we keep buying and holding before the bull continues.

Awaklara

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Quote from: Obari on August 16, 2024, 12:42:51 PM

you’ll be amazed at your balance if you consistently do this weekly for one year.

it seems like OP plans to do it every month. and the value will not be too surprising.
but seeing the enthusiasm of OP who wants to invest at a young age, that's very good. he can start from a small amount, but when he has a job and can allocate more, he will increase his investment in the future.

the most important thing for OP is to do it consistently. don't rush with large ownership. he must adjust his mentality to be strong with what happens in the market. because the bigger the investment ownership, the greater the pressure he will get. starting small, will start to train his thinking to be stronger with the understanding he experiences in the market.

Obari

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Post like this also attracts a lot of scammers to your pm so please be very careful while accepting pms as you have already made yourself vulnerable and a CENTRE of attack so please be very mindful of messages you would want to respond to as you’re still a kid and might be enticed by the offer these criminals might come with to your pm.

Didn’t actually read all comments here but for the few I’ve read so far, it seems you’ve already gotten all the necessary informations you deserve and buying bitcoin wouldn’t have to be so much of an issue but you should do it more carefully and maybe get a trusted supplier from your country here and just deal with such a person, I assure you that, you’ll be amazed at your balance if you consistently do this weekly for one year.

Tmoonz

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

There is absolutely no age limitations in embarking on a Bitcoin journey if the basic knowledge is already acquired, you don't need lots of money to invest in Bitcoin, the DCA strategy of accumulating Bitcoin is a method that allows investors to invest with as little as they can be comfortable with either weekly or monthly irrespective of Bitcoin price point on different intervals considering your income flow and financial capacity, I admires your courage mate and I must say that dca strategy has lots of benefits which also you have to prioritize consistency in accumulation in order to have a good size of Bitcoin up to a reasonable amount and hold for as long as 4 to 10 years or more.

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

It depends on the exchange you will use because some of them requires a KYC and of course some of them does not it depends on your transaction activity, if you question is you can make an investment yes, we called that as DCA which is making investment no matter what the price is sometimes people do this and wait for the higher price of the the bitcoin. There's nothing wrong with making an investment with just small amount, you don't need at least 1 BTC just to invest. Just wondering since you when invested with the bitcoin because 20$ make a rise to 40 is so huge.

johnsaributua

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If you are able to take responsibility in terms of mentality, I mean when the price drops you will not blame anyone and do not harm any party regarding the law. it does not mean that those who are old enough can control their mentality and at least the legal umbrella has reached the age threshold, regarding bitcoin ownership you can buy in a wallet on dex because cex requires kyc, although you can have a cex account if you are supported by family members who are old enough. Even fellow communities in your area I think there are those who accept P2p because they have a cex account also makes it easy online and offline. The large number of sathosi you get is good because you intend to save bitcoin regularly, in the future you will be grateful for what you do today in terms of buying bitcoin.

Ojima-ojo

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

You last question contradict your First question, because you wanted to know what the possibility and position if you buy a £10 worth of Bitcoin, but in the last question you mentioned that you already bought Bitcoin worth £20 that have increased in profits x2 which now is at £40.

With the above statement it means you may be far from the truth and should at least rephrase yourself statement again so that we can contribute rightly.

JunaidAzizi

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

If a parent opens a bank account for their child and saves for their future, and it is legal, then investing in Bitcoin is also legal. Since you are 18 years old, you should know how to take care of yourself. There are no capital limits in Bitcoin investing. In fact, I am surprised that at such a young age, instead of thinking about buying a PS5, you are investing in Bitcoin. This does not surprise me, but it will surprise you in the coming years when you continue to invest in Bitcoin every month. Soon, you will see a significant investment in Bitcoin. I suggest that as a teenager, you understand that the protection of your assets is always in your hands, so don't let anyone access your wallet. Also, don't be afraid of Bitcoin price decreases; always consider long-term investment..

Franctoshi

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

Your plan is good and you have taken a wise decision by going in gradually and Buying Bitcoin according to what you can afford at the moment, there are people that has used this method to achieve their goal of owing one Bitcoin, Then when must have started earning bigger amount of money you can think of scaling up a bit and accordingly too, because from historical performances of Bitcoin after Bitcoin halving, I tell you that you actually started your purchase at the right time if we have history say the same again.

Coyster

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Quote from: Oshio-man on August 12, 2024, 12:14:32 PM

£20 you use to buy bitcoin, and it has accumulated to £40 show that before the end of this year, it will going to accumulate more when the price continue to rise.

£20 that OP does not remember where he bought it, he got bitcoin worth that amount, moved it to exodus wallet, but he cannot remember how he got it, but he knows it is now worth £40, sounds ridiculous to me. OP, maybe truly you shouldn't buy bitcoin right now, you might not be able to keep your coins safely, or you might just make mistakes whilst attempting to buy and thus lose your money, i'd advise you stick around, learn a few things until you are ready to start your bitcoin journey.

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

No amount is consider small, remember the journey of a thousand mile begins with a single step. It's never too late to invest in bitcoin, it becomes a complex activity when an investor find him or herself on the extreme bearish season. This is a good time to invest but I would tender crucial warning because the system have been designated to cause huge losses for investors and traders. Bitcoin is the Centerpoint for the liquidation of trading accounts, I'm never sticking to a plan that's not healthy to us, rather we should always know our ideas and exploring them in the space.

Oshio-man

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This is what make people to like bitcoin investment, because they can use any amount to start the investment, you have a good plan by buying bitcoin every month when money enter your hands, and it will help you to have plenty bitcoin in your wallet because time will come when the price of bitcoin will pump higher to allow people to have the chance to make income which you can also use the chance to earn income too from the market. £20 you use to buy bitcoin, and it has accumulated to £40 show that before the end of this year, it will going to accumulate more when the price continue to rise.

reagansimms

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

If the platform or Exchange you use allows you to buy Bitcoin in small amounts, there are no restrictions for you even if you are under 18 years old. Your plan is very good, especially since the investment is planned for the long term. Starting investing at a young age is a very good thing, you can enjoy large results when you are an adult.
Remember, Exchange is not a place to store assets in the long term, once you have a certain amount of Bitcoin, you can store it in a wallet where you can control the private key. If the assets you store on the Exchange are small in amount or you can still afford the risk and want to save on sending fees to your personal wallet, you can store them temporarily, but it is not recommended for the long term.

AYOBA

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

Every success begins with the decision to try, so Mate under age doesn’t matter in terms of investment in Bitcoin, this is even right for to understand what the investment is all about and also gain the much knowledge that will lead you to becoming successful person in future, because good pass may may under age having a earlier knowledge about the investment since from there you will know all the risk that is involved in in Bitcoin investment and also lean how you can able to avoid them in your future investments.

This a better idear as you have a plan for self by using the little amount of money and purchase Bitcoin as newbie is very good ideal honestly, they last that every thing is a gradually process is better than go and putting the money that you can not afford to lose.

Hyphen(-)

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

Yes; you can buy Bitcoin with any amount no matter how small it is.

Age does not matter in Bitcoin investment. you can start at a younger age and you will surely get the benefit when you get older, you need to be consistent and patient with the market price fluctuations to have peace of mind always. Avoid altcoins and focus on only Bitcoin.

This, method of investing with a small amount within some time interval is good, it will serve as your future investment plan and will save your money from inflation. Keep your Bitcoin in your wallets, and avoid leaving them in an exchange.

Keep learning.

AVE5

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

Also is it even legal for an under 18 year old to invest in bitcoin.

I have already invested £20 which is now worth £40.

You can of course buy some worth fractions of bitcoin possibly as Satoshi even at the range, less or more than that your affordable €10. The conditional purchases of bitcoin fractions is actually varied based on the exchanges.
Investing on bitcoin is unlimited so I ages because bitcoin is a decentralized financial chain so, underage, aged and over age people can always invest on bitcoin but while buying your bitcoin, you'd have to operate on the DEC exchange and would buy easily transacting with a local exchangee p2p during DCAing accumulating more of coins.

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Quote from: epoc02 on August 02, 2024, 03:36:33 PM

I want to know if it is possible to buy £10 of bitcoin as I am young and do not have the money to start investing loads of money. I am planning on putting £10 every month into bitcoin.

The method you have chosen is called Dollar Cost Averaging (DCA) method. It is a very powerful method of building wealth that does not generate any financial stress on the investor. I will encourage you to keep doing that and be rest assured that 10 years from today, you will be look back at this decision and congratulate yourself.

Quote from: epoc02 on August 02, 2024, 03:36:33 PM

Also is it even legal for an under 18 year old to invest in bitcoin.

I don't know about your countries and their laws but in my country, there is no age limit in investing especially in assets like Bitcoin. Even kids do invest in bonds and stocks with the consent of the parents so there is no age barrier provided the fund is clean and have a decent source.

nakamura12

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It is possible to buy bitcoin worth £20 or even £10. Buying bitcoin doesn't have to be in whole bitcoin because there's satoshi which is the name used to call the smaller amount of bitcoin. What you should be looking for is where to buy bitcoin that is worth £20 because some exchange doesn't have low limits. For age, there is no age limit on how old a person can invest in bitcoin. Even if you are under 18, you can still invest in bitcoin and own bitcoin.

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