Topic: General idea of motives (Read 162 times)
I agree with dothebeats. Owning a couple of Bitcoin is my ultimate goal, but going right in and getting one at this price is a bit more tricky. I think the downside risk is a little greater than with some of the alt-coins. There are some really exciting projects out there that I think will have some tremendous upside. Getting into them at the ground level will allow for substantial gains. Then my plan will be to move the gains into something like Bitcoin.
I had the same goal as you 3 years ago. Back then, you can buy a whole bitcoin in 2 weeks if you don't spend much, and luckily I've trusted my instinct and bought every week. Right now, this isn't really the best move since you can pretty much earn more btc if you traded on alts first. Earning 1 btc would be so easy if you trade and aside from the money you gain, you'll also get knowlege and experience along the way that can aid you further on your road in getting that first whole bitcoin.
If you don't have too much money to buy Bitcoins, yes, you need to earn it step by step. Try to find jobs at Services section, good promotions at Micro Earnings section. This way you can earn some satoshis here and there and accumulate it even more.
Don't worry about having 1 full Bitcoin, what matters is its price compared to fiat, some millions of satoshis are already a nice amount. Even with big amounts of money you shouldn't jump into "trading games" without knowledge about them, you will eventually lose money. Focus in holding BTCs, much better.
Don't worry about having 1 full Bitcoin, what matters is its price compared to fiat, some millions of satoshis are already a nice amount. Even with big amounts of money you shouldn't jump into "trading games" without knowledge about them, you will eventually lose money. Focus in holding BTCs, much better.
Generally you should keep most of your portfolio in the major currencies, like btc, eth or ltc, which are usually more 'stable' than the rest.
Also, keep in mind as general rule that you should invest only what you can afford to lose. I've read a lot of stories about people losing their house over a bad investment. For me, trading crypto is kinda like a second job that I hope will allow me not necessarily to get insanely rich, but at least to have a decent retirement
Also, keep in mind as general rule that you should invest only what you can afford to lose. I've read a lot of stories about people losing their house over a bad investment. For me, trading crypto is kinda like a second job that I hope will allow me not necessarily to get insanely rich, but at least to have a decent retirement
There is no minimum amount to invest with. It depends what you want to do so it will be different for each person. If you have to out a number on it you can start with $10. It isn't enough to much to much of a difference but maybe you will invest it well and grow it and reinvest it. To make something worth noticing and enough to profit a few dollars and enough start off decently to make a small amount of additional earnings you can start with $100 so I say $100 is the perfect amount for you.
I do like the idea of having a whole Bitcoin, although I'm not too sure what I would do with it.
My main goal with Bitcoin is learning, but also investment diversification.
My main goal with Bitcoin is learning, but also investment diversification.
I know there are a bunch of them, but is the general goal for most to buy bitcoins until they actually have ONE FULL bitcoin?
Is it not a good idea to even jump into any kinds of trading games unless you have a certain amount? What would that be?
I'm guessing some of us don't have $2000 or more to just invest into bitcoin and would have to do it little by little almost like a monthly payment.
Is it not a good idea to even jump into any kinds of trading games unless you have a certain amount? What would that be?
I'm guessing some of us don't have $2000 or more to just invest into bitcoin and would have to do it little by little almost like a monthly payment.
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