I only have 0.001 Bitcoin is that okay? - page 2.

so98nn

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Quote from: GOCrazy on December 03, 2021, 06:32:49 PM

Is it fine to only have that much because that's all I can afford.

Definitely you are more richer in crypto space as compared to those who does not even hold fraction of bitcoin or those who does not even know what bitcoin is. So it’s not about the amount you have, it’s all about you have started with something. Possession of bitcoin is amazing thing, if you can afford only this much then no issues you can always grow them by means of sell high buy low formula if you wanna risk trading.

I am getting few bits now and then through different works, however I only keep few hundred bucks on the wallet in bitcoin form and most of them in USDT.

barabeku

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Quote from: GOCrazy on December 03, 2021, 06:32:49 PM

Is it fine to only have that much because that's all I can afford.

It is better to have at least a small part of Bitcoin than not to have it at all, but actually, you should enlarge your portfolio. Try to invest 10% of your salary every month and this way you will have more Bitcoins within time. Also you can try some other methods of working on crypto market so as to increase your capital and then part of it invest in more conservative bitcoin while the rest of your capital you will be able to invest in something more risky.

famososMuertos

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With due respect for your participation, but what are you asking, if you are affirming it in your same question.

If it's all you can afford, then don't steal or invest what you don't have, so "okay" well done.

In short, try to add funds every time you can and that new amount will be the new one, this okay.

Dave1

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Quote from: GOCrazy on December 03, 2021, 06:32:49 PM

Is it fine to only have that much because that's all I can afford.

Of course it's better to have more bitcoin in your wallet and hold it for the next couple of years.

But if you have that much then who we are to judge you? Maybe a advise is that it's not really hard to have bitcoin. I mean you can continue to stack sats from time to time. It doesn't mean you have to buy .001 in just one go, maybe .0001 per month will do it for you.

So best of luck and hopefully you can accumulate more.

traderethereum

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I am sure that it is okay to have 0.001 BTC at first but you can try to have more than that if you want because there is no minimum of bitcoin you should have but I suggest you have many bitcoins.
While you are holding 0.001 BTC and still doing your daily activities, you can try to save your money and buy bitcoin so you can increase the amount of bitcoin you have.
I also tried with small money but at that time, the bitcoin price was not higher as today but still, that is a low bitcoin amount that I have.
Who knows, by still holding your 0.001 BTC for more than 5-10 years, the bitcoin price can soar to the high price so your 0.001 BTC will be worth more than just $5.

tranthidung

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It is what you started with and good enough. At least you are bitcoiner and not Bitcoin outsider.

When you do invest in Bitcoin, you will love it and won't leave it. There are gamblers join and go but they will come back. If you are real investor, not gambler, you will stay in Bitcoin market.

You can do Dollar Cost Averaging (DCA) when you have more spare money for investment. Check this website to estimate your outcome from DCA
https://dcabtc.com/

bitzizzix

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Quote from: GOCrazy on December 03, 2021, 06:32:49 PM

Is it fine to only have that much because that's all I can afford.

That's okay, and you are one of the better people of those who ignore it and you do it to the best of your ability without pushing circumstances or sacrificing anything of value to do so.
And who knows one day you might get an unexpected windfall and intend to increase your holdings after prioritizing your needs and putting the rest into bitcoins without coercion, and doing it for the long term and who knows in the future your holdings become very valuable.

The Cryptovator

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As a beginner, the amount you are holding is fine as long as you can afford it. It doesn't matter how much amount you are holding, the matter is understanding Bitcoin technology and related stuff. Since you are holding the amount it would be worth more than your expectation once a day. But you have to learn to properly store it and how to handle Bitcoin properly. A good practice would help you to prevent unwanted incidents.

I will suggest using a non-custodial wallet. If you aren't aware of it please use search the forum button. Not only for that, for anything you need to know use the forum search button. If you failed to find the desired answer just ask the community.

Darker45

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Yes, it is. It is always fine, in fact, admirable, to only have as much as you can afford. That means a whole lot of things. That means Bitcoin is available in any amount. Many are saying they have come to know Bitcoin too late as it is already very expensive. Well, Bitcoin is so divisible. That also means you are only buying what you can. That's in contrast to others who took loans, sold properties, postponed bills payments, and so on just to buy more Bitcoin. That would be imprudent. That also means you are buying regardless of how much you have at the moment. Others are putting off buying because they're still saving for a much bigger purchase. I don't think it's necessary. Time is running.

Beparanf

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Quote from: GOCrazy on December 03, 2021, 06:32:49 PM

Is it fine to only have that much because that's all I can afford.

As you stated already, That's what you can only afford.You should invest only what you can afford on any investment opportunity you are entering because you don't need to extend your budget to the things that has a risk involved. You can always accumulate more once you have a budget and also there's no minimum invesent to be consider when buying Bitcoin so don't be pressured and FOMO if ever Bitcoin is increasing price. Remember that you are investing to gain money and not to chase maximum profit.

Obito

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It's fine as long as you plan to invest more in the future and hopefully you plan to add more to it. It's a good start actually especially with how high the price is right now, I think that it's best to have some bitcoins in your possession just so you have something to pull out just in case.

breathlessz

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I think if the asset is cold money then there is no problem, so you will be calmer in holding it, you can even ignore it and a few years later you can open it again, and at that time maybe the value will be better than you put it in the bank

TimeTeller

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Quote from: Vaskiy on December 03, 2021, 06:56:31 PM

What you keep hold is now valued $5.3, it has got some value. We don't know what'll be the market of bitcoin in the future. Hope for the better future, and you try to accumulate little by little on a non custodial wallet. As the plan is long term holding this could get you better return. Small droplets make Ocean, so never think it is small. Do the best you can and increase your holding.

Anyone can start from small amount. It is up to him how he will increase this initial amount.
What the OP can do is find ways how to increase his satoshis or portfolio.
Try looking under services section because someone may need his skills or expertise.
There are so many ways how to get a hold of crypto. Some are even collecting from faucets, which is time consuming, and yet they are collecting.

Vaskiy

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What you keep hold is now valued $5.3, it has got some value. We don't know what'll be the market of bitcoin in the future. Hope for the better future, and you try to accumulate little by little on a non custodial wallet. As the plan is long term holding this could get you better return. Small droplets make Ocean, so never think it is small. Do the best you can and increase your holding.

dothebeats

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There's really not a minimum bitcoins you need to hold in order to be ready in the future. You may only have that much today, but you can still work for the money and buy coins as much as you like, as long as it's within your means and your finances are not greatly affected. It may not amount to much today, but who knows how much it will be in the future? For now, keep it as if you're keeping thousands of bitcoins -- it is your gateway to crypto.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

It's more that Ok if that's what you can afford. Unlike some fiat currencies, you can buy, sell or hold or transfer a fraction of 1 Bitcoin without any problem Some time last year 0.0001 BTC was worth $5, today it's worth $53. Tomorrow it could be worth more.

BitMaxz

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There is no problem holding it and maybe it could be worth $100k or more in the future.

But the only problem is if what wallet are you using? If you are using a custodial wallet you don't have control of that wallet. So always use a non-custodial wallet that generates you a seed phrase that you can use for future recovery.

GOCrazy

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Is it fine to only have that much because that's all I can afford.

Topic: I only have 0.001 Bitcoin is that okay? - page 2. (Read 259 times)