Fulfilling dreams with agriculture! | Bitcointalksearch.org

fullhdpixel

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Quote from: Notalony on April 22, 2024, 03:52:57 AM

Agriculture has been a long time source of income especially for those who does it in a commercial way by planting a lots cash crops, it can actually fetch you a lot of money but am not of the opinion of investing all the money in Bitcoin, since Bitcoin is very volatile in nature and the price fluctuate, putting all the money might devastate your emotions when the market will be fluctuating, and you might even sell your Bitcoin when to solve emergency problem, so i think it will be best you invest the amount you might not be needing after taken care of you your basic needs to keep emergency funds too.

I think farmers are better off investing in Bitcoin because they are better off waiting. Those who know about Bitcoin know very well that Bitcoin is a long-term investment except for a few experienced and experienced traders, anyone who invests in Bitcoin with the thought of daily profit will often face losses because only the money that we have extra should be invested in Bitcoin.

The coin gives profit but it has to wait for a long time, just like a farmer plants his crop and waits for it to grow and mature, then sells it and makes a profit, Bitcoin is the same way you buy it and wait for it to grow. And then when it gives a good price, you can sell it and get your profit.

Lucius

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Quote from: Z390 on April 22, 2024, 04:22:57 AM

~snip~
What I am trying to say is that 2022 was the best time to have started your $100 monthly DCA method.

If someone goes with the DCA method of investing, then it is always a good time to start, although it is logical that you will buy more BTC during the time when we are in a bear market. I wouldn't worry too much about it, because anyone who can set aside some money every month can invest that money in BTC, or they can save and wait for a time when the price will be more favorable and then invest.

Of course, risks always exist, but smart financial management is key to reducing that risk to the smallest possible extent.

Z390

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

You once claimed that you lack extra money in your other posts, I hope you aren't trying to inconvenient yourself because you want to invest in Bitcoin? Can you live your normal life just as you used to if you start investing thus $100 per month on Bitcoin? These are questions you need to answer yourself.

Bitcoin investment is not something you will start now and expect big changes in few months, you need lots of commitment and patience, I really wish you started this at the beginning of the bear market which was in 2022, you would have done so great by now.

Yet, it is not too late now but if I am in your shoe and I am just starting out, the bear market is almost gone, and there is not a lot of time left, so I will invest the $100 every month but once Bitcoin makes a new ATH, over 100k per Bitcoin I will have no choice but to take my profit and wait till a new bear market comes again, then I will start the $100 buy in every month.

What I am trying to say is that 2022 was the best time to have started your $100 monthly DCA method.

martinex

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,

If you go back to your statement above, I am very supportive of investing in agriculture, but the concept is also the same as investing in BTC, I think where initially you have to start first and be patient until the harvest deadline comes. To become a player in crypto, especially BTC, whether to be an active trader or investor, of course, the concept is different if you want to invest in BTC, hold it long-term, if you trade, just buy and sell many times by utilizing a market situation that is again volutative.

Quote from: moneystery on April 19, 2024, 10:51:12 PM

there are many people like this on this forum where they make up stories just to attract people's sympathy. and the funny thing is that sometimes they tell something that is the opposite of what they said before, they think it's like people didn't check their story beforehand. it's quite funny seeing things like that.

Well, I think our friends here are trying to give an answer to the current picture.

laijsica

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Quote from: DaNNy001 on April 21, 2024, 05:33:04 PM

Quote from: Spaceman1000$ on April 16, 2024, 03:08:15 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

As agriculturist, it's better you see bitcoin as your side gig that you will be investing little by little, you don't have to use all the money from your profit to do that, the good thing is that you have a base where you get your resource from, the next thing is to ask yourself the kind of bitcoin investment you want, if your buying to hodl for a long period of time or you want to go into trading. If You want to hodl for a long time, there is DCA method that allows you to buy bitcoin in little quantity which is budget friendly because you choose a pattern that best suits you and it can help accumulate bitcoin over time, since that has been your dream.

It's always better and advisable to always use the DCA strategy when it comes to Bitcoin investment and the reason for this is because the DCA method is very fast in learning and making one Bitcoin investment goal and dream a reality so if am ever going for any strategy or plans of helping me achieve my investment goal its gonna certainly be Bitcoin DCA strategy or method.

Your advice is very practical and timely because the DCA strategy is a system especially designed for bitcoin. Here you get the opportunity to deposit on weekly or monthly basis as per your ability. Another useful aspect of this is that DCA can also be interpreted as HOLD if you are holding bitcoins for a long time. Although the number of bitcoins is according to your afford more or less. Your dreams can come true only with long-term commitment.

Notalony

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Agriculture has been a long time source of income especially for those who does it in a commercial way by planting a lots cash crops, it can actually fetch you a lot of money but am not of the opinion of investing all the money in Bitcoin, since Bitcoin is very volatile in nature and the price fluctuate, putting all the money might devastate your emotions when the market will be fluctuating, and you might even sell your Bitcoin when to solve emergency problem, so i think it will be best you invest the amount you might not be needing after taken care of you your basic needs to keep emergency funds too.

cryptoWODL

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Invest only what you can afford to lose. How much Bitcoin you will be able to accumulate depends on the source of income. Whether you want to deposit $100 or $120 in bitcoins per month is entirely up to you as you should invest then regardless of income and expenses. If you invest all the money you earn from working on the land, you will find that you will have to sell your investment before you reach your specific goals for your family needs.

So you invest in Bitcoin in such a way that you don't have to sell your investment when your family needs money. Even set a specific investment goal and keep depositing bitcoins regularly until you reach that goal. Moreover, the method you have chosen to invest is an easy and recommended strategy to invest in Bitcoin.

DaNNy001

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Quote from: Spaceman1000$ on April 16, 2024, 03:08:15 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

As agriculturist, it's better you see bitcoin as your side gig that you will be investing little by little, you don't have to use all the money from your profit to do that, the good thing is that you have a base where you get your resource from, the next thing is to ask yourself the kind of bitcoin investment you want, if your buying to hodl for a long period of time or you want to go into trading. If You want to hodl for a long time, there is DCA method that allows you to buy bitcoin in little quantity which is budget friendly because you choose a pattern that best suits you and it can help accumulate bitcoin over time, since that has been your dream.

It's always better and advisable to always use the DCA strategy when it comes to Bitcoin investment and the reason for this is because the DCA method is very fast in learning and making one Bitcoin investment goal and dream a reality so if am ever going for any strategy or plans of helping me achieve my investment goal its gonna certainly be Bitcoin DCA strategy or method.

moneystery

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Quote from: stompix on April 15, 2024, 11:30:32 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

there are many people like this on this forum where they make up stories just to attract people's sympathy. and the funny thing is that sometimes they tell something that is the opposite of what they said before, they think it's like people didn't check their story beforehand. it's quite funny seeing things like that.

G_Besar

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Quote from: Jewan420 on April 15, 2024, 12:25:52 PM

Please don't misunderstand. I said there is money to be invested but it was not possible to invest. The dream did not come true, the feedback of which helped me to be more diligent. Hope you understand my problem!

When you have money to invest, but on the one hand you can't do that because you say it's impossible to invest. This shows that you are facing another situation that is very different so you don't dare to use the money as your own investment capital at this time. That is why every investor must have special money to use for investment so that when he is facing other situations in his life, he can still invest while solving the problems that are currently occurring. Likewise with you, you can also invest when you have resolved the problems that may prevent you from investing at this time, so don't say it's impossible to invest.

macson

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

even though you are still a student, i really agree with your desire to open a papaya farm that belongs to your family, especially since agriculture is a business that will always be needed and will not be replaced, maybe in the future you will become a success papaya farmer.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

invest in bitcoin with the right amount every month ^{(for example, you set $100 then stick to that amount)} then you can use the remaining money to buy something or put it in your emergency savings.

Just Say

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

The decision you made is not wrong either.But you should probably keep in mind that you can buy small amounts of bitcoins if you want even if you don't have the money to buy more bitcoins.If you had invested using the DCA method, you might not have been disappointed.

You have now engaged yourself to get a certain amount of money at the end of the month from where you can invest your bitcoins with money you don't need.

Mpamaegbu

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me?

Only those who are close to you or on ground your vicinity can accurately respond to that. That's, if you meant putting that amount into the papaya stuff. They will be in a better position to evaluate the arable land and seed to be used for the investment. A good number of us are just online cheerleaders and may not even know what Papaya seeds are.

Quote

Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Those two questions are one in all. If you're asking random strangers to decide for you how to spend what you've sweated for, then you aren't ready to stomach challenges that come with investments. Again, remember the caveat in this industry – Never invest cash you will miss. That presupposes that no one should go into Bitcoin investment with their all. There should be reserved cash somewhere.

AakZaki

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The farm you build will certainly be more important and become the main job to make money for you. some of you invest in bitcoin and buy gradually. it's good enough to build your portfolio. But don't be too greedy by putting up all your money, just use the initial allocation you set, so that you still have cash to use. But consistently you start saving in Bitcoin and it's for the long term which will pay off in the end, as long as you don't panic.

Ndabagi01

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

You are just about to start your investment in bitcoin and seeking for advise on way to go about it is just one part of it, the most important thing is that you understand and ready to sacrifice what you can afford to lose after your investment. You can’t invest in bitcoin and expect to make profit in it within a short time, it has to be for the long time. During that process of holding, your emotions shouldn’t be your problem to hold. Managing and protecting your account from possible scams, hack should also be a priority to hold for the long term. If you’ve been able to put all this into consideration and your mind is willing to take the risk, you can now venture into bitcoin investment. It is good you want to DCA, it is the best method to save bitcoin because of its volatility nature which we are still experiencing recently.

albon

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It seems like a logical idea. Investing in Bitcoin and the success of your holdings in the long term requires that you have capital and a stable source of income. As you are a student, working in agriculture and selling your agricultural crop, such as papayas, will be a good idea for you. You will be able to pay your study fees and meet your needs through the money you earn. Also, you are the one who determines the appropriate percentage of your funds to invest in Bitcoin. Undoubtedly, entering with the full amount would be a reckless idea. The principle in investing, whether in Bitcoin or altcoins, is to invest an amount you do not fear seeing its price decrease or lose one day. You will put in your money that you do not need, and with each month. You can increase your amounts, and you will not want to liquidate your Bitcoin holdings if you need this money because you have enough to meet your and your family’s living needs. You have only managed the risks and managed your capital, and the market and many other factors determine the return that you will achieve from Bitcoin.

Gladitorcomeback

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Never invest everything you have in cryptocurrencies even if it's Bitcoin you are investing in because there is no certainty in this industry even though Bitcoin and many other cryptocurrencies have proven to be profitable in the long run.

If you manage to earn $200 a month by selling papayas, I would suggest you invest maybe 50% of it in Bitcoin each month and keep the remaining funds somewhere safe for future use, and when buying Bitcoin, make sure you check a little bit of its history and check news and trends and whether it is going up or down, it will give you a more clear idea about when you should make your investment each month. If you don't understand anything, just leave it and invest the amount each month and keep holding.

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student I can't earn extra money.

After many attempts, I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent. Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high-yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

A lot of people want the same they want to accumulate Bitcoin but due to the deficiency of money their dreams did not come to reality I appreciate your thoughts you did not give up and made a route on how you can earn and how to invest. Let's come to the point I think you should not invest your whole income in BTC, there are reasons and one is to keep some money with you for your expenses, we know Bitcoin will never fail but safety Is necessary and when Bitcoin price goes down you can invest the rest money so that you can accommodate. more bitcoin when the price is low as compared to BTC whose price is high. This is my opinion and it's not right that what I am saying will definitely work and that work for me will not work for you so before any investment do your own research.

Zlantann

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

Many people achieved the goal of buying Bitcoin through various means. If agribusiness is your option, that's fine, you can go on with your plan. I am thrilled by your determination to invest in Bitcoin as a student.

Quote

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

How much it will benefit you will be determined by your investment plan and the price of Bitcoin when you want to sell. How long you intend to hodl your coins is important in calculating your profit but this can also be affected by the price of Bitcoin since it is volatile. Investing in Bitcoin is solely dependent on the investor. It is your responsibility to do your own research and come up with a plan. However, my advice is that before you invest, ensure you have enough funds to cater for your basic needs and also set aside some money as emergency funds.

Ruttoshi

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

You are the best person to know the amount that will be cool for you to invest in bitcoin based on your own needs and monthly expenses. For how long will these papayas last because I know that you cannot just keep on harvesting and harvesting without planting, which makes it impossible for you to invest every month like you said.

These are things that you need to put into consideration, and how for how long will you need this money that you want to invest with. There is no business that when you are investing, you use all your money on you to invest, that business will not grow. This is because if there are unforeseen challenges that hits the business, there will be no back up funds to use to put the business back in shape. This is why it is not a wise idea for you to invest all the money from your papaya sales.

Cryptomultiplier

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

...
If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me?...

It would sure benefit you way more than you even see, because it would have provided you with a means of income that if taken seriously would see you gainfully employed and not needing any white collar jobs or answering to any bosses, after you complete schooling.

Also, knowing that you have an investment to look out for, would give you a sense of responsibility to save and adopt good methods to reinvest and earn profitably.

Quote

...Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

It would be wise at this point to be very calculative while making your investment in Bitcoin, because random purchase would sink you further and render you broke, thereby going back to the investment to withdraw and spend of ain't got patience.
It could also make you lose track of your investment because I don't think you know so much about Bitcoin and the best practices to use to keep it safe from hackers and thieves that may know of your investment.
If planting papaya is a seasonal growth plant, then that should also be a concern because a time might come when there ain't harvest to be sold and thus, no funds to invest.

Ojima-ojo

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From your statement is clearly pointed to the fact that you are only interested in investing in bitcoin because of your expected gains or profits, although that is not a bad thing, but it will only become bad if you now failed to understand the risk that is associated with bitcoin investment.

Secondly having a short-term goals won't help you alot in this situations and for that you need to have a long term perspective towards bitcoin before you can gain good amount of profits.

Also considering the amount you said you are going to be investing monthly, it going to take you around a year plus to attain such level of investment that can give you some significant increase in a short term base and even on the long term it all depends on how much the price of bitcoin attain at that benchmark and time

SatoPrincess

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Quote from: Davidvictorson on April 16, 2024, 06:05:48 AM

Quote

Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

While the OP is at the DCAing, he should keep in mind another strategy which is diversification. One can never be too sure of everything therefore in addition to bitcoin, the OP can explore other investment options in different assets which serves as a safety net.

This strategy may work for you because you are a seasoned trader and can identify altcoins that have a future and those that do not. However I don’t think a newbie should be investing in multiple coins in a bid to diversify their portfolio. OP should stick to only investing in bitcoin for now. He’s earning only $250-$300 monthly, between his expenses in school and his bitcoin investments, there is much money left to invest in other ventures.

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Quote from: Jewan420 on April 15, 2024, 12:25:52 PM

Please don't misunderstand. I said there is money to be invested but it was not possible to invest. The dream did not come true, the feedback of which helped me to be more diligent. Hope you understand my problem!

Okay, you somehow didn't invest then, even if you had the money, and now you want to sell agricultural produce and use the profit to buy Bitcoin, i don't know if what you are saying is the truth and i honestly do not care.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Nobody can tell you how much you would make in ROI, we do not even know for how long you intend to hodl your coins. Bitcoin price is volatile and unpredictable, so there is no way you can talk about ROI from the beginning. You are going to decide by yourself the amount of money you should invest in Bitcoin, but i can advise that you buy using the DCA strategy.

Razmirraz

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You need creative ideas to be able to achieve your dreams in the future. You are still not at a productive age to earn money because you are hampered by your status as a student, and having to focus on education means you spend more time studying than thinking about other things that can make money. Using empty land to find side income so you can invest in Bitcoin is a very brilliant idea. Before entering further areas in Bitcoin investment, you need to consider all the risks you will face. Investing in Bitcoin does not guarantee that you will get the profit you imagined, but you must also be prepared for the risks.

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Quote from: Doan9269 on April 15, 2024, 11:40:49 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

-snip-

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Don't invest the whole money, you don't have to start big when you're just getting started, you build up your asset in bitcoin gradually, its never a bad or wrong idea for you to start from that range, with time, it will turn to something amazing if you can hold.

It all depends on the individual's higher or lower degree of risk aversion, and his/her socioeconomic circumstances. In the case of students with no debt or other economic obligations, who earn a little money doing small jobs or thanks to a business idea, which seems to be the case, I don't think it's crazy to invest the whole money, since it is not so much, and other people at that age don't earn a think, only spend.

Just be aware, again, that crypto is risky investment and you can lose the money invested, or a good part of it, even if you stick to Bitcoin.

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

You have started farming to fulfill your dream which is very good. However, you will be investing $100-120 which is too much as a new investor. Invest if you have enough knowledge about bitcoin investment. But you can buy small amount of bitcoins with DCA method. You have to remember that Bitcoin investment must be done for the long term. You invest in Bitcoin and fulfill your dreams.

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

~snip~
If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

If you invest $100 every month, it means that you will have $1200 (in BTC) in one year, and if the price of BTC increases by 100%, it means that you will earn exactly as much as you invested (minus tax if you have to pay it). Considering that you are asking whether you should go "all in", then you probably don't know about the rule that you invest only as much as you are ready to lose.

In addition to the fact that the price of BTC is volatile, take into account other risks such as hacking, phishing, physical robbery and natural disasters. All of the above can result in you losing your investment in the blink of an eye.

Davidvictorson

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Quote from: Upgrade00 on April 15, 2024, 11:41:01 AM

The price is on the way up, so it's not the best time to buy now, but when you're DCAing the entry price does not matter as it will be spread over several amounts, the goal is to keep acquiring more no mater how little at a consistent basis.

I have been doing DCA and what I like about it is that, I am not under any buying pressure because I am not putting all my eggs in a basket. With DCA, there is no perfect time to buy. Every time is an excellent buying time.

Quote

Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

While the OP is at the DCAing, he should keep in mind another strategy which is diversification. One can never be too sure of everything therefore in addition to bitcoin, the OP can explore other investment options in different assets which serves as a safety net.

KiaKia

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Quote from: stompix on April 15, 2024, 11:30:32 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

I noticed the same, it looks like this person don't know what he wants or he is just making up stories to get to the next rank, because how can one claimed that they have some money yo invest but don't know where to invest them and later create another topic that they have the desire to invest but they lack extra money.

Which one should be even believe in now? OP if you are reading this comment, I want you to know that only you knows what you want, you need to start taking action if you want a change.

If you don't have money to invest, you need a job first, before you can consider investing in bitcoin you must have a source of income, the type that's capable of feeding you and paying your bills, before you cab even consider to invest some part into Bitcoin.

reagansimms

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

Dreams will never come true as long as you never start taking action, what you think is impossible can become possible if you are able to set aside some of your pocket money to invest in Bitcoin. If someone asks in a forum "Who wants to own a sports car like a Ferrari, Lamborghini or Porsche?" Of course, the majority of people in the forum pointed their hands as a sign that they wanted to own this sports car. But to get something you want, you need to take action to get Bitcoin even if you start investing in a small amount.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

If you don't understand how the Bitcoin market works, don't rush into investing, let alone investing all your money in Bitcoin at once. Investing in Bitcoin is like you are walking on a double-edged sword, one of the biggest risks in Bitcoin investment is its volatility, Bitcoin price fluctuations are very fast so they can change in an instant. As a new investor in Bitcoin investment, you need to learn ways to avoid risk because no one knows when the price of Bitcoin will increase high or even fall.

Spaceman1000$

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

As agriculturist, it's better you see bitcoin as your side gig that you will be investing little by little, you don't have to use all the money from your profit to do that, the good thing is that you have a base where you get your resource from, the next thing is to ask yourself the kind of bitcoin investment you want, if your buying to hodl for a long period of time or you want to go into trading. If You want to hodl for a long time, there is DCA method that allows you to buy bitcoin in little quantity which is budget friendly because you choose a pattern that best suits you and it can help accumulate bitcoin over time, since that has been your dream.

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

What are your objectives for investing in Bitcoin? If you want to make profits from Bitcoin then you should be prepared to hodl for long term. Bitcoin is not a get rich quick scheme. Investing $100 from a $250 income seems a bit too much in my opinion. Unless you have other sources of income that you can use to pay for your monthly bills, I suggest you reduce the amount of bitcoins you buy monthly to an amount you can comfortably afford.

Jewan420

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Quote from: stompix on April 15, 2024, 11:30:32 AM

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

Please don't misunderstand. I said there is money to be invested but it was not possible to invest. The dream did not come true, the feedback of which helped me to be more diligent. Hope you understand my problem!

Upgrade00

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For the sake of other newbies that may be reading this thread;

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me?

You cannot determine how much an investment will give you before you start. You do your research and projections based on your analysis and decide how long you plan to hold for.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

The price is on the way up, so it's not the best time to buy now, but when you're DCAing the entry price does not matter as it will be spread over several amounts, the goal is to keep acquiring more no mater how little at a consistent basis.

Never invest your entire income. How much exactly to put into Bitcoin depends on your financial situation and other accessible means of investments to you. Diversification can be a good protective blanket.

Doan9269

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

Everything has to work by time, when you have the opportunity to invest, then don't make an excuse from starting from somewhere no matter how little, some have made it a decision to use part of their monthly or weekly earnings to save up and invest, since bitcoin is not centralized and you can start from as low as a single USD, with time you can build up your portfolio.

Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Don't invest the whole money, you don't have to start big when you're just getting started, you build up your asset in bitcoin gradually, its never a bad or wrong idea for you to start from that range, with time, it will turn to something amazing if you can hold.

stompix

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Quote from: Jewan420 on April 15, 2024, 11:27:34 AM

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money.

one month ago:

Quote from: Jewan420 on March 22, 2024, 03:39:00 AM

I am a small investor. I have some money to invest. How can I invest this money?

The split personality syndrome on this forum is highly infectious.

Jewan420

full member

Activity: 224

Merit: 128

Patience and hard work are the keys to success.

Accumulating bitcoins has been my dream for a long time, but it never became possible due to lack of extra money. As I am a student it is not possible for me to earn extra money.

After many attempts I came up with a way that is possible for family prosperity and fulfilling my dreams. Being a student I am not able to get a job so after much thought an idea came up,
my father has some cultivable land which is about 20-22 percent.Where I plant some papaya seedlings, it is possible to sell papayas worth around $250-$300 per month from here as it is a high yielding papaya variety.

If I deposit $100 or $120 worth of bitcoins per month from here, how much will it benefit me? Is it right for me to invest more $ in Bitcoin than this? And should I invest the whole money in Bitcoin?

Topic: Fulfilling dreams with agriculture! (Read 403 times)