Topic: My bitcoin journey has started again - page 6. (Read 1352 times)
Definitely must have financial resources for it and this is a worth while personal effort. This means that this is a conscious effort on your part and this requires time and experience too. For new investors, whether individuals or others who have just entered, they must be very careful in diving into this new area, at least someone has learned how investing works and Bitcoin trading patterns in the market.
I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my former tragedy.
Here are proofs to backup my claims.
reference: 20543928429965520896
seems that you forget to mention why you say this is starting again? have you stopped and sold all your bitcoin in the past?Here are proofs to backup my claims.
reference: 20543928429965520896
or what you mean is that your investments continues ?
well if you mean to be again like invested in the past then stopped and now re investing , then that is a different thing from continuously .buying one at a time.
I intend Hodling my coins for a long time to avoid a repeat of my former tragedy.
You just need to consistently buy it and also store it in the right and safe place so that it doesn't experience hacking and so on so that your investment is in vain. That's why it's important to learn about security for storing Bitcoin, but what's no less important is that the money you use to invest is really money that is not for important things because you are very likely to sell it in a hurry because you are pressed for important needs, and the amount you use to buy is the amount you can afford to lose, and congratulations on your start as a Bitcoin investor. legendary
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This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.
I don't know how you did the numbers, I think you did it upside down and missed a 0.
0.00035334 bitcoin for 4 weeks for 12 months gives me 0.01696032 bitcoin which would be about $468.49 at today's price, not 10 times more as you calculated. Anyway, if the OP lives in Nigeria, that might be a good amount of savings for him.
This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.
Everyone has to start somewhere, only those that have already saved a lot of money can get away with investing a significant amount of their savings in bitcoin, the rest have to start small and accumulate all the satoshis they can.The main factor here is to be constant, there have been studies that show that a person that begins to invest just a few dollars per day and do so for decades will at retirement age become a millionaire, this shows the strength of consistency and compounding interest, and with the volatility of bitcoin such a result should be even easier to replicate.
That's true, what's important is all about consistency and not the amount of money being invested. Small or big amounts of money, it doesn't matter as long as you have the plan to invest for a better future.
This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.
Everyone has to start somewhere, only those that have already saved a lot of money can get away with investing a significant amount of their savings in bitcoin, the rest have to start small and accumulate all the satoshis they can.The main factor here is to be constant, there have been studies that show that a person that begins to invest just a few dollars per day and do so for decades will at retirement age become a millionaire, this shows the strength of consistency and compounding interest, and with the volatility of bitcoin such a result should be even easier to replicate.
I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my former tragedy.
You have to start with a small fund, we can suggest that other coins with a small fund are better, but in Bitcoin the more we fund, the more we engage ourselves in trading. Although that is a good decision to invest now in Bitcoin, the price is quite good to buy, so you easily get a profit in the coming year i.e. 2024.
You must be proud of your decision as Bitcoin Halving is coming, and always we know Hodl is the key to success. You can buy with even this amount in pieces, you have to look at the prices in different stages and you can easily buy at different prices to get fully involved in it and get your full benefits through your investment.
Welcome back on the train of happiness.
As others have said, I also think now is the perfect opportunity to come on board and start investing again.
The market looks promising and even though of course we never know what's gonna happen the signs are pointing towards an uptrend rather than down.
it's wise to start the way you do, just in smaller amounts, but steady. That way you can increase over time and hopefully build a nice portfolio for yourself!
As others have said, I also think now is the perfect opportunity to come on board and start investing again.
The market looks promising and even though of course we never know what's gonna happen the signs are pointing towards an uptrend rather than down.
it's wise to start the way you do, just in smaller amounts, but steady. That way you can increase over time and hopefully build a nice portfolio for yourself!
so 0.00035334 is a good start. it is about 10 US dollars
In many parts of the world 10 US dollars is an affordable amount.
May I ask do you plan to buy 10 USD a week or two Weeks or a Month? For the next year then reassess your next move?
In many parts of the world 10 US dollars is an affordable amount.
May I ask do you plan to buy 10 USD a week or two Weeks or a Month? For the next year then reassess your next move?
Yea, the amount is relatively small, but it's someone's salary here in my country, and most people wait for 28 days in order to get paid that amount. It sounds funny or sad, but it's the truth.
For the OP to be able to buy that amount, I believe it's earning more than that, and if there is an increase in his income, he can go for a weekly or monthly accumulation, which can help him secure a rationale before his targeted time.
And in investing, we are often told to invest only amounts that we can afford to lose. It is rare that someone will invest big amounts which are outside of their capacity. They are lucky if their outcome is positive. If not, they can lose their mind and break their lives. Most jobs are being paid per two weeks or monthly. I think this is also how DCA is done. It's much easier.
I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin.
Also be careful with how he stores his bitcoin.He bought it through Binance P2P trading and I hope he did not and won't store his bitcoin on Binance.
Reminder: do not keep your money in online accounts
Choose wallets
Chose your wallet.
[LIST] Open source hardware wallets.
Recommended wallets.
As a newbie, I advise OP to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum.
The paranoid user's security guide for using Electrum safely.
With Electrum wallet, multisig and cold storage wallets are available.
Creating a multisig wallet.
Creating a cold storage wallet.
Looking at the amount of bitcoin he bought from Binance, do you think that would be enough for him as a transaction fee if he withdrew it to his non-custodial wallet? I think his participation in this forum means he already knows about the risks of storing bitcoins on centralized exchanges but sometimes because there are so few bitcoins, withdrawals to non-custodial wallets not wise. Maybe he's waiting until he has accumulated a decent amount of btc and withdrawing them in 1 go to save on transaction fees.
Mate, you have taken a bold step into the cryptospace and I applaud you for that. No amount is too small to invest with. However, you should try as much as possible to continue buying regular with this amount so that bit by bit, your bitcoin portfolio will keep on increasing. One don't need to wait until he has all the knowledge of bitcoin or a huge sum of money before investing, because the best way to gain better knowledge on bitcoin is to also put it into practice as both knowledge and investing goes hand in hand. Keep on learning more on what you have invested in (bitcoin) and keep on growing your investment.
You have made a good plan, your decision to take this investment is truly remarkable. Since you have purchased a small amount of Bitcoins now, you plan to buy more Bitcoins later. Also, no matter how much Bitcoin you buy, it's always risky not to use a centralized exchange. As much as possible you should use a strong hardware wallet for your money, it will give maximum security and safety for your money. Moreover, if you invest this amount of money every month in Bitcoin, you will have a good capital at the end of the month. So your plan is really good and you continue your investment once you can own a good amount of bitcoins.
I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin.
Also be careful with how he stores his bitcoin.He bought it through Binance P2P trading and I hope he did not and won't store his bitcoin on Binance.
Reminder: do not keep your money in online accounts
Choose wallets
Chose your wallet.
[LIST] Open source hardware wallets.
Recommended wallets.
As a newbie, I advise OP to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum.
The paranoid user's security guide for using Electrum safely.
With Electrum wallet, multisig and cold storage wallets are available.
Creating a multisig wallet.
Creating a cold storage wallet.
I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin. This post of hope on bitcointalk I guess is a good way to feel positive about your investment or whatever, just make sure that if that bitcoin value were to go to zero, that it’s not a huge financial burden to you.
Diversification is key, but stability is what should come first in any portfolio. Just make sure to remember that.
Diversification is key, but stability is what should come first in any portfolio. Just make sure to remember that.
Your "little drops of water" concept is fantastic. Its true that even the biggest endeavors frequently begin with small steps. But consider this: won't the ocean become somewhat static if we all continue making modest contributions and then just hodl, hodl, hodl?
I must also ask: have you thought about allocating some for diversification into other assets or cryptocurrency coins? Sometimes diversification saves your life. Even if that basket is quite dazzling right now, you shouldnt put all of your eggs in it. In any case, good luck with your investments and may your money grow!
I must also ask: have you thought about allocating some for diversification into other assets or cryptocurrency coins? Sometimes diversification saves your life. Even if that basket is quite dazzling right now, you shouldnt put all of your eggs in it. In any case, good luck with your investments and may your money grow!
Welcome to the smart financial side of life which is bitcoin and I love seeing people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time, so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because, bitcoin have proven over time to be the best store of value for long term invest and for that, you must have to play along with the current trend and build a good knowledge of the market before diving into it. I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.
I once traded synthetic indices and I do understand the risk involved in trading and that's why I always do my best to let especially newbie traders to take their time in learning before investing any money in trading as nothing is guaranteed in trading.
Welcome to the smart financial side of life which is bitcoin and I love seeing people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time, so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because, bitcoin have proven over time to be the best store of value for long term invest and for that, you must have to play along with the current trend and build a good knowledge of the market before diving into it. I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.
I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the little funds I have at the moment.
It is true, you get nothing if you are only discussing Bitcoin but you never invest in Bitcoin. You've made the right decision by spending little funds on Bitcoin. It will become a bigger number if you continue buying Bitcoin consistently although it is with small funds weekly/monthly. The hardest part is to keep holding the Bitcoin and be consistent in buying Bitcoin.I wish to take my journey to another level of involvement, hence my decision.
What level do you expect?Do you want to be a bigger holder? A person who holds Bitcoin with a big number.
I intend Hodling my coins for a long time to avoid a repeat of my former tragedy.
How long you plan to hold it?I assume you still need to plan about how long to hold it.
You won't hold it forever. There should be time to sell your Bitcoin if you buy Bitcoin for an investment.
Anyway, what tragedy you experienced previously?
Welcome to the smart financial side of life which is bitcoin and I love seeing people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time, so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because, bitcoin have proven over time to be the best store of value for long term invest and for that, you must have to play along with the current trend and build a good knowledge of the market before diving into it. I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.
Welcome to the smart financial side of life which is bitcoin and I love seeing people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time, so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because, bitcoin have proven over time to be the best store of value for long term invest and for that, you must have to play along with the current trend and build a good knowledge of the market before diving into it. I don't know how long you've been acquainted with the knowledge of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.
This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.
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