Getting started with investing is easy as long as you have the money. The question is, how consistent you are in doing that because TBH, you might face some financial challenges in the future, and that might affect your investing since there might be a time that you don't have money at all.
Another one is that, how good are you are in holding those Bitcoins. Are you willing to resist the temptation, and choose not to sell it at it's peak for a higher profit in the future? Can you control yourself not selling it when everyone's panicking? It's good that you started investing in Bitcoin, but investing alone isn't enough. Consistency, and self-control can help you become a better investor, and have a higher profit as well.
Good luck OP.
Topic: My bitcoin journey has started again - page 7. (Read 1276 times)
I mean it's a good start to probably do a dollar cost average so that you could accumulate Bitcoin over time, I just dont recommend you put your investment into a centralized platform even though it is a popular one because you don't have control over it, you could start to something like electrum, been using it for a long time already and so far it works great as a Bitcoin wallet didn't experience any issue so far so I think it's going to be a good starting wallet if you're looking for a convenient Bitcoin wallet that you could use if you're not planning to buy something like a cold storage wallet.
It's a good thing that you are already here in the forum because this is probably where you could learn a lot about cryptocurrency I wasn't really in on cryptocurrency and because of this forum helps me a lot to understand a lot of things, and we have a lot of experience members here that is going to give you great advice, you could easily post your problems here in the forum or ask for advice here and for sure a lot of members are going to respond to help. Good luck on your cryptocurrency journey mate!
It's a good thing that you are already here in the forum because this is probably where you could learn a lot about cryptocurrency I wasn't really in on cryptocurrency and because of this forum helps me a lot to understand a lot of things, and we have a lot of experience members here that is going to give you great advice, you could easily post your problems here in the forum or ask for advice here and for sure a lot of members are going to respond to help. Good luck on your cryptocurrency journey mate!
It doesn't matter how much you bought; the fact is, you are holding Bitcoin. Don't feel yourself small, because you are part of a big community called the Bitcoin community. You said true; without acquiring Bitcoin, you can't gain proper knowledge. I assume you bought through Binance P2P and will be discouraged from storing your bitcoin there.
Yes, the OP seems a little pessimistic about the small amount of investment he made, but it's a good start to continue accumulating. 0.00035334 BTC will be a large amount when holding for the long term and capitalizing on the momentum of the Halving that will happen next year.
When the price of Bitcoin reaches an ATH of more than $150k it will be a sizable amount too if the investment continues to accumulate.
Just use a non-custodial wallet like Electrum to secure your funds. That's the better way to avoid unwanted incidents.
Storage on the Electrum non-hold wallet you suggest also seems to require security from the user, as the password phrase will be the responsibility of the user to secure properly.
Some Electrum users have been hacked while using the Electrum app, perhaps due to the vulnerability of their device or their carelessness.
Hardware wallets are a good suggestion too, but choose one that is Open Source and fully developed on a regular basis.
It doesn't matter how much you bought; the fact is, you are holding Bitcoin. Don't feel yourself small, because you are part of a big community called the Bitcoin community. You said true; without acquiring Bitcoin, you can't gain proper knowledge. I assume you bought through Binance P2P and will be discouraged from storing your bitcoin there. Just use a non-custodial wallet like Electrum to secure your funds. That's the better way to avoid unwanted incidents.
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.
If op continue like this and keep accumulating Bitcoin, it would be very surprising for many to see that he might accumulate more money than expected. If we can't do something once, we can decide to do it gradually and make sure we reach the level we intend to be. Bitcoin holding is not something we need to force ourselves to do without consistently buying and keeping for when the market price will reach the limit that we want it to reach before we sell our holdings. This is the same pattern the big investors we know are doing to hold there coins. We need to learn how to buy and keep our holding as long as we like. 
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.
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.
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.
I can see you bought those coins on a exchange, i hope it isn't still in that exchange. The amount you bought may not be big, but don't store your coins in an exchange, especially as you are planning on buying more coins and holding it for a long time. Move your coins into your Electrum wallet, and run Electrum on an airgapped device when you have more coins, or you just buy a hardware wallet.Quote
Here are proofs to backup my claims.
There is no need for this proof, and in my opinion there's also no need for you to even tell us that you bought BTC's in the first place, but even if you want to post it, we don't need to see everything about the tx. 
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
Here are proofs to backup my claims.
reference: 20543928429965520896
I think that btc is most suitable for long-term hodling, it requires patience, but I'm pretty sure that it can bring some profit in a couple of years. Short-term is quite risky in any trading, but in crypto is extremely risky: fluctuations are unpredictable, nearly all the altcoins are likely to be a scam. So long-term hodling is the best option. As for adoption level, I think there will never be really high level of adoption, but there will surely be some improvements.
Here are proofs to backup my claims.
You don't necessarily have to expose the amount that you invested in bitcoin to anyone who chooses to believe you will do so. When investing, you should make it private. You can inform the forum members that you just invested in bitcoin, which is going to motivate lots of people who are still planning to invest in bitcoin, but you shouldn't upload the amount that you invested, you should have just blurred the part about the amount you invested. I don't really like displaying my bitcoin investment because I believe it should be kept personal. 
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.
Wow that amount is actually mind blowing and to think who would have even thought that you can save up to that amount with just this little amount of about #10000 but thats the power of saving and buying through DCA. You don't get easily affected by your buying because the money you will be using to buy this coins will be a portion of your actual earnings and that's good but the only issue here is just to be consistent on this because humans are always fund of going abstact out of their plan. 
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
Here are proofs to backup my claims.
reference: 20543928429965520896
Many people are now get into the bitcoin investment by considering the next year all time high to the bitcoin.Since the five year was over after the last all time high, So you had get into the bitcoin at the right time.Add your free money into the bitcoin,their will be bull Run before the end of this year.The most important one is your need to add more dollars into the bitcoin till the year end.So the profit percentage from your investment will be high after the next all time high in the bitcoin price in the upcoming year.
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.
Congratulations, you made a good decision that what some people don't understand am very sure this amount you invest he will come and bring you huge profit but he will take a time just leave it for long term, continue learning about bitcoin and you will get more knowledge on it since you have started your journey now on bitcoin do not feel discouraged when you see the price decrease just be patient and leave your coin the price will rise again because the price is volatile The price of bitcoin can rise and fall at any time, that what some of my friends don't understand they don't want to invest in bitcoin because it is volatile, keep buying bitcoin if you have money so he can increase your profits when the price increases, you will see how bitcoin investment will change your life if you achieve your goals that is the best investment have ever seen that will make you happy forever, just find a better wallets to safe your coin because of hackers.
by reading these threads you will be able to learn more. These threads are full of seniors where they shared their experiences and well defined strategies for the accumulation of Bitcoin
Thanks buddy for the links, I'll surely check them out. There's a lot of learning to do and I'll not get tired of accumulating useful information that will guide me on my crypto journey. I'm grateful 
Congratulations OP on taking this bold step in investing in bitcoin. After learning about bitcoin and understanding its basics and furthermore some technicalities about it, investing in it should be the next thing to do and I’m very amazed by this bold step you’ve taken. You don’t need to worry about your investment if you’ve made up your mind to invest for a long time because that will be the best for you in order not to get disturbed about your investment during market volatilities.
As many people have said, you’ve invested a little amount into bitcoin but the courage of investing in this little shows how dedicated you are into making this investment possible in the long run. Next time, you don’t need to expose your portfolio for others to see what you got in your wallet for security reasons. Privacy and security is one of the basics of holding bitcoin. If you’ve used an exchange for the purchase of the bitcoin which looks so, you’ll need to move it to a decentralized wallet for complete ownership of your coin. I wish you a successful bitcoin investment as you’ve taken the right step already.
As many people have said, you’ve invested a little amount into bitcoin but the courage of investing in this little shows how dedicated you are into making this investment possible in the long run. Next time, you don’t need to expose your portfolio for others to see what you got in your wallet for security reasons. Privacy and security is one of the basics of holding bitcoin. If you’ve used an exchange for the purchase of the bitcoin which looks so, you’ll need to move it to a decentralized wallet for complete ownership of your coin. I wish you a successful bitcoin investment as you’ve taken the right step already.
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,
You made a right decision, Because Bitcoin's price is very low at the moment, if you hold it long term and Continue DCAing, you may will surely make profit.People tend to learn about bitcoin and Discuss it with others, but not Buy it or involve in investment, because of risk involved.
Taking practical steps, such as investing, using, is essential to fully understand its potential and benefits.
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 agree, but It may seem small amounts to you, for developing country or small countries it may be their monthly income. 
From what I saw of you, dude, the important thing is that you immediately decided what to do next. I mean, at least you took a step to start saving Bitcoin. It may be a small amount in your fiat currency, but I think that if you do it once or twice a week until next year, that will definitely be a big value.
Just keep going and don't stop at what you started; it's here to laugh and stand up for the belief formed in your mind about Bitcoin or cryptocurrency.
Just keep going and don't stop at what you started; it's here to laugh and stand up for the belief formed in your mind about Bitcoin or cryptocurrency.
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.
Good luck with your Bitcoin journey and congratulations on the Bitcoin you bought. You must improve your knowledge and gain better experience about Bitcoin. Since you have invested in Bitcoin, use a good wallet to keep your funds safe so that no one can hack your funds. And if you continue to grow your money like this and keep buying fractions of bitcoins, eventually you will have a good amount of bitcoins in your wallet. So I would advise you to keep investing so that you can buy and hold more bitcoins in the future. And you have to always think positive about Bitcoin and never lose patience, the market can be volatile at times, so you have to be aware of that. You must be aware of the risk and also add the amount of money you can afford to lose to the investment. And you must always keep this in mind by investing never be volatile rather HODL it for long time.
Congratulations Op, you have done well by taking that bold step. Just keep it up, and you will never know what amount you might be celebrating next time. It starts small, and with continuous effort, you will be able to have something tangible.
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.
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.
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