Topic: Is there a formula for Bitcoin starters? (Read 630 times)

In my honest opinion, if you are the type of investor who wants to experience making a lot of money in the future in the field of cryptocurrency business and you know yourself that you cannot afford to buy a Bitcoin, I suggest that you research other cryptocurrency that you know can also give you potential savings in the future and is also capable of not being left behind when Bitcoin's value kicks in.

But if you can afford to buy 1 bitcoin or more and hold it long-term until the bull run, I would say to prioritize that, because if you only save around 0.05 bitcoin, this amount cannot buy a house and lot or give you one of your dreams in life.

We know that investing in Bitcoin must use safe money. Safe money means the money that we don't use for daily needs. We invest whatever the money when we have an excess money. The amount of money depends on the individual, everyone can be different. What we must understand that we never force to invest in Bitcoin for a certain amount of money. Investing in a small amount of money is okay, we can increase it gradually. The most important thing that we don't depend on the money, so we can spend it for Bitcoin investment without any doubt. For urgent needs, ideally we must have savings on the banks (fiats). It should be the priority as the solution when we have an urgent need. Don't sell our Bitcoin to solve the problem, especially when we must sell the bitcoin when the price is decreasing a lot.

What I find incredible is how can they ignore that critical step? Regardless of the occupation or job you may hold, it takes time and many years of study to get there, so I find it surprising that people simply assume they can come to this market, invest in a bunch of altcoins and then earn a fortune, since no occupation really works like that, and what is even worse is that becoming a trader is incredibly difficult due to the unpredictability of the markets and the high level of competition they have to face.

OP, for you to think of investment you have ought to think about alternative survival and you should have enough to take care of your responsibilities, you must not invest a large amount of money, you have to invest what you can afford to avoid shivery withdrawing of your asset, because this might lead to regret, just imagine when you invest and quick, just after your withdrawal, you find out that the market has boomed, you will feel very bad, for bitcoin starters like me, it will be better for us to invest what we can afford and blame anyone if your investment turns to be a tragedy. But before you involve yourself fully into this, make sure that you have gotten the knowledge needed to know the dos and donts.

Know what your delving into doing your checks after you get enlightenment from whoever linked you up.
Take your time and learn what risk management advantage will do for you.
Avoid keeping your Bitcoin in Kyced Exchanges. Your Privacy is very important and should not be joke with. There are too many people to learn from, it is not a good idea to post your wallet addresses online.
Investment should be for long term purposes,  if you have something doing,  you won't be forced to touch your Investment until the required time.

The reason for that is newbies often think that the amount gained by other people can also be gained by them. The most common mistake as newbies disregards the important thing needed when starting your investment, which is gaining knowledge. However, getting involved in Bitcoin investment without the knowledge leads to losing their investment. Causing panic selling, getting FOMO'd, and other emotions.

A repeated cycle among newbies, disregarding learning and start investing immediately. Getting hooked by the possible amount they can earn which is the same as the one they saw from someone else.

The biggest mistake they make is not choosing Bitcoin as their first investment when they enter the market and investing in altcoins, and the ones that were newly released and aren't trusted or reputable yet as such altcoins carry a lot of risks, one can even lose all their investment if the project turns out to be a failure.


Newbies who are influenced by the profits that they see others gaining will obviously be too curious, they would want to start investing and earning profits as soon as they can, and this mindset makes them avoid the most essential part, which is doing some research before getting financially involved so that things are clear, but they don't care and enter the market with zero knowledge.

I think best thing for Bitcoin starter to do is to trade through exchanges and wallets. If you get used to how to buy/sell and how to deposit/withdraw you will feel confident to invest. After this starting point, there are no traditional methods for trading Bitcoin at exact points, sadly. Indicators sort of work most of the time, but not as functional as they are for regular markets. Bitcoin is getting traded 7/24 so you should be checking its price everytime as well.

As people who are new to Bitcoin, it would be better for them to study it well before investing in Bitcoin. If they only listen to other people's advice and have no knowledge about Bitcoin and they invest, of course they will experience losses from the investment they make because they don't know the strategy to be able to invest in Bitcoin, so it is very important for those who want to invest or trade in Bitcoin, it is better for them to study it well and after they have knowledge about new investments they can try to invest in Bitcoin to be able to profit from the investment they did it.

One is not supposed to invest and rely on it for living. You need to land a sustainable source of income first before you decide to take risk in any investment. Note that no investments provide guaranteed profits, most of the time you lose a hundred times first before you will experience significant profits. This is just the same with bitcoin investment. You can't assure profits the moment you decide to invest. That is the reason why people decide to save first before they invest. Not literally to save to invest, but you will save enough funds to cover even a year's worth of living expenses, before you decide to put some of your hard-earned money to invest. Once you have done it, never assume quick profits since you are in a long term investment. Put a good amount of patience and trust your investment. That way, even if the price suddenly crash, you know that it will always change so you won't never worry. Once you are starting to gain profits, buy back again and do the DCA. That's the only way so you will never miss the market opportunities to invest, which will also increase and maximize your future profits.

Actually in this case even though it looks easy, the way it works or when we do it is not as easy as imagined.
We need to maintain our consistency in doing DCA, in addition to the initial role for the money we will invest in DCA is also influential so that we need to know well about the finances we have from the start of income and expenses in supporting our lives so that we are not exposed to economic problems when investing, especially with DCA.
The concept does seem simple, but the process is not as simple as imagined because there are several important things that must be considered that will support whether we can do it with DCA or not.
I did this from several years earlier and after seeing the experience I did with DCA which until now is still being done in the end every week or every month in the evaluation it turns out that there are still some things that we can conclude as a mistake and experience that DCA is not as easy as imagined.

Starting bitcoin investment can only be challenging when you plan on investing what's beyond your regular income which has the tendency to force you to withdraw or not meet up with your investment plans as initially drafted. Investing in bitcoin is not a competitive thing, you just have to look at your regular monthly income and calculation for yourself the percentage you can be removing from the income monthly to invest without it becoming a load on you. DCA is what we call it and it doesn't matter how much you start with what really matters is how long you planned on with your investment, is it a Long term, medium term or short, and how patient are you ready to be to keep to plans with your investment.

There's always that obstacle and there's no way that you could really be able to avoid that because hovering this kind of investment or business or whatever you are dealing with, then risks of losing money is there
which it would really be just that normal that when it comes to risk manaeuvers then it would really be that needed and really that crucial i would say.There's no formula if we do speak about investment yet you would really be able to find for yourself on what are the things that needed to be done for you to be able to make yourself sustain this market or whatever you are doing. We do all starts on being a noob on which overtime you would really be able to gain up experience and awareness on what are the things that you should gonna do.

It would really be that an endless trial and error and its up to you whether you do make out adjustments or not. It would really be that impossible that you wont really be learning something on what you are experiencing. Formula could really be that be mold up along the way and this is would be basing up with your personal assessment on what condition you are into.
If you do see that you would be needing to make adjustments then do it, but if you do see that you are just doing fine then stay with it. It would really vary on you.

Because a lot of people have made reckless decisions as starters it is good somehow because once the starter loses money the person will have a sense of no doubt but it is better to have a lot of thought before making any decision, and their risk management that can help the starter lose, majority of people do not care about understanding the basics that is why they are always pushed to sell people that have the knowledge and have makeup there mind not to sell, just because they know what is ahead, that the case they always invest because other people are investing, and they do not want to even have the patience that is were the problem is always coming from, once bull run comes and people are making and you have to sell yours then the starter will know its value.

I think that's a very common difficulty that everyone who wants to start investing will experience, the initial obstacle is always about money, how they have to be able to balance their finances in real life and also the following by allocating a small budget for investment. Yes this is quite simple but not that easy because everyone has their own strengths in finance or the economy, for those whose finances are middle to upper class may not have to think about many things, all they need is basic knowledge about investing because in terms of finance they are quite capable, but the problem is for most people whose finances are middle to lower class but they really want to invest because there may be some encouragement from the closest people or from others who have succeeded first. Honestly, it's a good motivation to start something new but things won't always go the way you want them to. 

If indeed they have very low finances, even that is only enough to fulfill their lives then maybe you can come at a later time to invest the point is when your finances are good enough, there is absolutely no compulsion to invest friends. Bitcoin will make it easier for you, so it's better from now on increase your finances by looking for side jobs as possible, no need to rush.

This is why the bear period is so great, the last time we were in a peak was October 2021 if I am not wrong, that means it has been 2 years since the peak and we have been under the ATH price since that moment. If you invested once every month, that would be investment that you could profit from in the future when the price goes up. I would say the next peak is not for another 1 year, or maybe even 2 years, that means even more.

So, if you invested your money all the way from the peak to peak, that would result with you getting a huge return. I am not saying that it's the only way to invest, but it is certainly a great way to invest without a doubt. I hope that people could realize this and should be making investment accordingly.

When you lack capital, having the bear period working for you is the best way to go and should be making a greater return. Accumulation phase should be the best thing that you could do, and you could definitely gain a lot from it.

Everyone has difficulties in any way, including in terms of investment, who in particular may really want to invest in Bitcoin but still experience problems by not having enough capital for it. However, that doesn't mean it can't be done because Bitcoin can be invested in very small to very large sizes, so trying to save it from any proceeds is a very appropriate option in my opinion. Because a lot of it certainly comes from the smallest collections that are saved consistently every week or month for investment purposes.

There's no formula, just don't do things randomly without giving it a lot of thoughts first, because newbies often to do panic selling because they lack knowledge regarding about bitcoin.
Most of them just invested to bitcoin because they know someone who do or maybe in the internet, so they automatically did the same thing hoping to get the same thing without even researching how to properly do it.

The difficulty in terms of bitcoin accumulation will always come back to each individual's own circumstances, however you or they must get the perfect balance in terms of finance in your real life, and if it is far from enough then I think you should postpone your planning in bitcoin accumulation, no problem and in my opinion there is no compulsion for you to rush in terms of accumulation.

It looks like you need to increase your income so that you can be in a pretty good and even financial point, and if you have managed to get such conditions then yes, keep your main focus on meeting the main needs first, and after that you can slightly allocate the remaining budget for the accumulation of bitcoin that you always wanted. Another thing that could be a pretty good alternative is by utilizing the income from the weekly campaign, I think you can apply the DCA strategy with these funds, especially if you are a beginner, as most speculations and statements that DCA is highly recommended for a beginner in terms of accumulation, besides being easy to do you will also get a pretty profitable return when you reach your investment planning target.

If you have little money and overwhelmed with much problems and you plan on using it to buy bitcoin, then don't. You know why? When you have a little challenge tomorrow, you will undoubtedly sell the bitcoin and selling the bitcoin is not my problem but selling it a loss is even the worst thing a potential investor should try to do. Instead of wasting the capital or to make it becomes choppied, use it to solve your personal problems.

On the other hand, if you little capital and but will not be touching it anytime soon, you can buy as much as your capital can get but a quick reminder, your capital will determine the amount your are going to make even if bitcoin should do 10x from your buy target price. That said.

Whether you plan to buy small bitcoin or in large chunk, do DCA also know as dollar cost average where you buy bitcoin in split as the price drops lower and lower so that you will have your price average with little to no loss by the time you have bought all bitcoin your money could afford. After that, look for a secured wallet if possible a hardware wallet and keep everything there and make sure that the seed phrase is properly back up in different location, just for safety reasons and then you are good to go.