Topic: My bitcoin journey has started again (Read 1276 times)

To produce a hill, you have to pile up the soil little by little. Your belief in the potential generated by Bitcoin in the future will further strengthen your determination to invest when the funds are available. The steps you take are great for saving the value of your money. Do it consistently, even in small amounts, you will feel big benefits when Bitcoin has reached the price desired by all investors.

Congratulations, you have started holding bitcoins. Good luck with your holding journey. Even if you start with very little money, if you do it regularly like every week using DCA method, you can take it far. I would encourage you to invest regularly using the DCA method and hold it for a long time. Keep it up, If you can continue like this, you will be able to acquire big wealth in the future. best of luck to you.

This is actually a great time to get in into bitcoin. The price is relatively cheap and the bull run is right around the corner
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I have been coming across this word "bull run" and I seem not to understand the word. Please enlighten me about  bull run the concept for proper assimilation.

Yes OP, little drops of water indeed makes a might ocean. Idk what you have saved so far but looking at the date which is about 3 months ago, it’s likely that you’ve been able to accumulate more bitcoin, and that’s just how it goes. You keep buying little by little forgetting that it’s adding up, until one day when you look at the price difference and you see what Bitcoin can do.



I do not think that there is any need for the rush. Bitcoin is a volatile asset and anything can happen tomorrow, you can't be too sure. so for anyone who wants to borrow money, I think it isn't a good plan, not at all!

It would be nice to get updates when members start these kinds of threads, and it might not even matter so much if they make some mistakes along the way, yet it seems that part of the problem is that members who make these kinds of threads have hardly any staying power and probably they end up selling or discontinuing their buying.  I know people like this in real life too.. they have no ability to stick with something, even something as powerful as bitcoin.

I recall a thread in which one of the members had stopped some of his snaking, and he even had several follow ups and would have had been getting close to $100 per week invested into bitcoin, but he was doing that in 2021 when the BTC price went up and then down and then up and then back down as we know, and if guys were heavily enthusiastic in 2021, their holdings would have been in the negative for a large portion of 2022, and maybe even through most of 2023; however, at the same time, there would have had been a lot of fortune to continue to accumulate during those DOWNity periods, and perhaps even ended up bringing down their average cost per BTC.. and sure maybe even some mistakes would have happened along the way and maybe even ending up with relatively higher costs per BTC because of mistakes and maybe not buying during certain weeks that the BTC price was low (and depressing), but at the same time, a guy who started investing $100 per week in to bitcoin in the beginning of 2021 would have invested $15,700 and would have had accumulated 0.5524 BTC (current value of $23.3k-ish)... so that person would surely be in a good position right now in terms of both profits and also in terms of having a decent quantity of BTC accumulated, even though there would have been decently extensive periods of time in which such same person would have had his BTC portfolio in the negative.

You have started your investment journey at the right time, Bitcoin price was 48k a few days ago. Slow down from 48k to now 38k at this point if you can invest in your correct method every week then your ride will definitely be right. If you can invest your money quickly in Bitcoin at the right time, then in the next year . 2025, you can definitely increase Bitcoin by two to three times. Still the real advice is that you have made the right decision as the price of Bitcoin is sure to go up. Right now Bitcoin is waiting for halving so if you take advantage of the low price of Bitcoin before the Bitcoin halving you will definitely be successful.

Yes I know this thread is old anyway...
I am glad for you OP that you bought BTC. But i don't understand why you need to show it and proof it for this forum?
I saw a similar thread to this somewhere like a week ago and did got like 60 merits for posting that he had bought BTC for like $30 USD.   it really made my day and I was happy all day.
And also posted "Here are proofs to backup my claims." is that important here to proof others that you do something? I understand if you make a deal or something but this just seems strange.

Can anyone that is good on how this forum works find that other thread for me? You guys know what thread I speaking about I want to see it again I need some strength today!  

Dear, Everybody has his own plans or mentality in my case I would recommend not borrowing any money to invest because if we are already in the minus and in case of we lose the borrowed one also it will be a double minus and headache separately. well, I know investing in Bitcoin is the best option so we can invest in it being fully relaxed but if the person from which you borrow money also needs some emergency funds then you have to return on time but the market is not allowing you to fetch your amount on that time so that's why borrowing money and investing can be proven risky. It is just a point of view. So, always invest your own money which is more recommended than investing by borrowing amount.

People that invest in Bitcoin long time ago are the ones benefiting today for believing that Bitcoin will one day grow above our imagination, truly today Bitcoin has grown to an amount that many people find if very hard to get, there are many people that doesn't know bitcoin is worth holding.
Many of us have doubted Bitcoin from the first time we hear about it but those that invested long time ago have that have also benefit from Bitcoin have made us to understand that Bitcoin is not here to take out money but here to make things change.
However it's not late to start investing as we know what's at the front and we have forgotten what's at the back of what has past long time.
Bitcoin is going to change the world that is why many scammers are trying hard to get closer to investor just to scam them their coins but if we play smart and not be friendly with others when it has something to do with our investments then we should just be careful.

That's a solid plan! Investing a bit into Bitcoin regularly, like setting aside a certain amount of money periodically, can be a smart move. It's all about consistency.

Think of it as gradually building your Bitcoin portfolio over time. This way, you're not just jumping in all at once, but rather spreading out your investment, which can be a more balanced approach.

Plus, hodling for the long term could turn out to be really rewarding. Here's to your journey into deeper involvement with Bitcoin – it sounds like you're on a promising path!

I reckon your focal point is consistency.

You will achieve but a little if you have non or lack the most of consistency. A whole lot of people have started out loads of projects and have backed out of it mid way because they faced certain challenges, maybe they were not prepared for it but that is how everything works out. If you have actually pursued anything, you will notice that your commitment to that thing must be tested, so giving up is not an option for a consistent man.

We are talking here but it's not enough if we won't make an action. The surprise in Bitcoin's journey is not only the opportunity to earn but also to lose if we don't take it seriously. Some news can indeed come unexpectedly but we can refer to them to make a decision. Like for example there is a date if when will ETF be approved.

Some people will enter and buy because think the price will rise during those periods. If it's the negative news that pops up, investors will wait for a while thinking that the price will continue to dump more. You still can disregard these strategies and just buy or sell at any point. But it's best if we can HODL long enough.

Always wish your investment success. I think you made the right decision in the decision you made. Deserts are made up of small grains of sand, just as oceans are made up of water droplets. If you invest in your DCA approach with this word, you can create an ocean like a drop of water. A person who does not have enough funds to invest or does not have available funds will have a stronger investment if he invests using the DCA method. I am currently investing using the DCA method I would never have invested if I had not invested using the DCA method. That's why I always consider DCA method as the best way to invest.

It doesn't occurs in anonymous contributions but it occurs amongst people who you're familiar with and for the fact that you're very close to them and you know them, they'll feel that you can't do anything if they didn't comply when it gets to your turn in the contribution though am not discouraging anyone that wants to get involved in contributions, I'm just saying based on my own experiences.


You may actually be correct on saying that not every one is interested in long-term investments but what hinders a lot of people not to be involved in long-term investments is as a result of low or unsteady income. Patience of a truth is one of the criteria for long-term investments but however, lots of people are afraid of what the future might hold for their investments even though they make predictions and expects positive outcome but yet the future is uncertain as anything, be it good or bad can happen to their investments in the long run.

Well, it's not advisable to use a borrowed money to be able to invest in Bitcoin. But I don't think it's a bad thing because as long as the investor is capable of paying off his loan regardless of the result of the investment then I don't see it as a problem. However, this is only for investors who have a plan B just incase everything didn't go as planned. If you're a type of investor who will only rely on the profit of your investment to pay your loan then don't even consider trying to invest using a borrowed money because it's not a good idea.

Nevertheless, it is still best to invest using our own money. Do the strategy that you think is beneficial for long term. So timing when to buy Bitcoin and hold.

Congratulations on your bitcoin purchase, friend. Hope your Hodl runs smoothly for a long time.

When I saw your post, I was reminded of my personal experience. even though initially I was interested in Bitcoin and I tried to learn about it. However, after I understood Bitcoin well enough, I ran into a problem.
The biggest obstacle was, at that time I didn't have the money to buy it.

So I was very happy when I saw you bought bitcoin with your own money. Because I know for sure, when I made that first purchase, I felt very happy.

As long as someone doesn't have the thought of borrowing money to invest anywhere, I don't think bad things like borrowing money from other people will happen when someone wants to invest very consistently with the capital they own. Because investing in Bitcoin is an investment that can be done at any time quite relaxedly without any coercion of our own will, so every decision and method we make is based on the comfort of each investor. So this will not trap someone in a bad condition at all as long as an investor is not involved in borrowing money for their own investment.

Only a few could really be able to reach out such state on which they would really be doing their very best for them to be able to reach out into those goals and targets that they do have in mind.
Most people would really be just simply be skipping ou on such idea on the time that they've seen that it is really that something hard to do or something hard to be done and this is why
they would really be that deciding that they would neither be that sitting back and just wait for some miracle that they do have the money that they could invest on without even
trying out to find other ways for them to acquire such condition and this is why to those people who do have that kind of mindset do really always end up on getting left behind.

When it come to investment, Bitcoin is one of the things we not need to miss out on even though we have other altcoins we are holding. Bitcoin had changed many of us mindset to believe in what the future has for us. Those that invest in the future are the ones that are benefiting at large because they were able to think and look for a way to prepare for what the future has to offer.
My mindset has significantly changed since the approval of Bitcoin ETF and I know that would be a new beginning for everyone that are into crypto investment. Let's ride to trend to the next level and we should not be shaky by the market trends because they are there to make us stronger.

You touched on a very interesting topic, which is procrastination.

This really seems to be the thing that most prevents people from doing anything, look, we have many examples of people whose effort and dedication took them much further than talent.

The reality is that many of the people who created incredible things were actually ordinary people but with the purpose of never giving up.

And you don't need money, you just need a good idea and a lot of dedication and anyone can achieve really great things.