my small investment - page 5. | Bitcointalksearch.org

bayu7adi

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Quote from: xSkylarx on June 01, 2023, 11:52:54 AM

I am curious to see if the OP has sold it off as he sees it green and sees profit, or if he still continues to hold and accumulate bitcoin by purchasing small bits, because there are others who can control the temptation to sell it off at a loss, but if he sees a small profit, he is tempted to sell. I hope he is okay right now and will continue buying bitcoin and also prepare for the bitcoin halving next year, which most of us are excited about.

At least, OP had bought Bitcoin initially, but determining the right time to sell it would provide a new experience for them. The issue of take profit is greatly influenced by the dangerous element of greed.

If OP sells with a small profit, they will later feel that the profit they gained is still insufficient because it turns out the price of Bitcoin is still rising. When they aim for even greater profits like waiting for the halving, the price unexpectedly drops, causing them to become anxious about what is happening.

Based on the experiences that have occurred, with mature thinking abilities, OP will realize that setting a target for take profit is better than being influenced by greed or being too hasty due to emotions.

taufik123

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Quote from: bayu7adi on May 31, 2023, 10:38:44 PM

Absolutely. Altseason can still occur at any time, and it wouldn't be a bad decision to invest in some top altcoins as part of an asset diversification strategy alongside Bitcoin.

Although we are still within the realm of cryptocurrencies, there are distinct differences between Bitcoin and altcoins that can be leveraged. This also aligns well with the limited assets that OP possesses.

Altcoins can be a good diversification and can be maximized by choosing potential altcoins.
Bitcoin is indeed the main one, but of course, it needs support from several other assets so that there are other alternative assets that might go higher when Bitcoin is sideway.

The limitations owned by OP are the main problem, whether he will continue to be in Bitcoin or start entering Altcoin.
But the most important thing is to make sure the asset he chooses is an asset that has good development.

xSkylarx

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I am curious to see if the OP has sold it off as he sees it green and sees profit, or if he still continues to hold and accumulate bitcoin by purchasing small bits, because there are others who can control the temptation to sell it off at a loss, but if he sees a small profit, he is tempted to sell. I hope he is okay right now and will continue buying bitcoin and also prepare for the bitcoin halving next year, which most of us are excited about.

riskarcher

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That's cool bro !! you can loss your money but not your hope. Keep DCA, don't think about price and forget it. It will make us enjoyed each dump happened. You made the right choice by investing bitcoin. Do things like that each month and fill the bags with gems

rhodelmabanal

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Quote from: Mr.corol on March 14, 2023, 12:24:34 AM

I bought a $14.55 bitcoin a few days ago when it was at 22k. Again Bitcoin came to 19k. However, I did not sell bitcoins. I was convinced that the price of Bitcoin would rise again. I buy $50 worth of bitcoins again. Got some profit on this small investment. Looking at Bitcoin 24k today. I will keep it for a long time and will not sell it now. I think at some point bitcoin will pump a lot

Since I can't invest more dollars, I don't have that much money. Still will invest as much as possible.

Hold the only key to earn in crypto is to hold, just hold until you will reach your profit limitation before you withdraw or get your profit from your holdings, investors that has a big patience can get a big profit and those who don't have patience may loss a big money crypto needs a proper timing and a proper way of holding .

bluedeep

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Quote from: landheer on May 30, 2023, 04:10:03 AM

investing in btc is something really cool and I think any amount you invest is a good thing because in my opinion investing in btc with even small capital is not a problem, the important thing is you get profit.

but if you are interested it would be even better if you buy more btc little by little using the dca system.

If someone wants to invest in the safest way, then he should choose Bitcoin. If a few people can invest in Bitcoin, it will be very beneficial at some point. But if you want to invest in Bitcoin, you have to wait patiently for a few years. After waiting for years, one can expect a good amount of profit from the invested money. And if one loses patience and sells the invested bitcoins, then there is a possibility of a big loss.

bayu7adi

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paper money is going away

Quote from: Wend on May 31, 2023, 09:08:50 AM

Did this advice work for the OP? I mean, even if he doesn't have money to invest in bitcoin, his bitcoin investment is minimal and insignificant. .

Indeed, the invested value of USD may not have reached the expected magnitude, but why not consider it as a valuable learning opportunity? Embarking on a journey of learning based on percentages can foster wisdom that will prove advantageous when dealing with larger USD assets in the future. While it may not generate significant profits, at the very least, the knowledge acquired can be leveraged when the time comes for OP to possess a more substantial asset portfolio.

Quote from: taufik123 on May 31, 2023, 03:01:15 PM

Quote from: Wend on May 31, 2023, 09:08:50 AM

Did this advice work for the OP? I mean, even if he doesn't have money to invest in bitcoin, his bitcoin investment is minimal and insignificant. Instead of diversifying each asset with just a few tens of dollars, the OP should focus entirely on bitcoin. The advice is correct, but we need to give the correct advice for each person's situation.

I also said that Bitcoin is the main investment, Diversification is only optional and may be chosen when you have enough money (maybe hundreds of dollars).
Given that OP's financial situation can only afford tens of dollars, DCA can be applied every time OP earns money.
Although the entire crypto industry depends on Bitcoin, I will personally divide my investment into several altcoins that are indeed quite good developments such as ETH which is my favorite altcoin.

Absolutely. Altseason can still occur at any time, and it wouldn't be a bad decision to invest in some top altcoins as part of an asset diversification strategy alongside Bitcoin.

Although we are still within the realm of cryptocurrencies, there are distinct differences between Bitcoin and altcoins that can be leveraged. This also aligns well with the limited assets that OP possesses.

omgitsmehehe

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Quote from: Dimitri94 on May 31, 2023, 12:41:30 AM

Those who can trust Bitcoin will also get success from Bitcoin. Those who invest in Bitcoin today will be able to multiply their wealth in it later. Your small bitcoin amounts can eventually turn into big wealth. There is no option to follow DCA for those whose economic situation is not good. Today's price of Bitcoin is $27,654 and it may reach $100k or more in the future. But it is natural that the ROI will be higher for those who have relatively higher investment. The biggest thing about investing in Bitcoin is one can get the assurance which is not available in any other altcoin investment. Even after a long time you will get return with profit.

At the present, we really need time and consistency, as bitcoin has a broad range of trading volume. Because we have been in the bear season for so long, I wouldn't be surprised if bitcoin made significant gains in a short period of time. Bitcoin experienced a significant drop during the bear season; it has yet to make a massive bull run up; we should be prepared to make strong entrance when the time comes. Smaller bitcoin bagging results in little profits; larger bagging results in good project earnings.

taufik123

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Quote from: Wend on May 31, 2023, 09:08:50 AM

Did this advice work for the OP? I mean, even if he doesn't have money to invest in bitcoin, his bitcoin investment is minimal and insignificant. Instead of diversifying each asset with just a few tens of dollars, the OP should focus entirely on bitcoin. The advice is correct, but we need to give the correct advice for each person's situation.

I also said that Bitcoin is the main investment, Diversification is only optional and may be chosen when you have enough money (maybe hundreds of dollars).
Given that OP's financial situation can only afford tens of dollars, DCA can be applied every time OP earns money.

Although the entire crypto industry depends on Bitcoin, I will personally divide my investment into several altcoins that are indeed quite good developments such as ETH which is my favorite altcoin.

Quote from: Wend on May 31, 2023, 09:08:50 AM

And I don't think investing in altcoins is called diversification. Because the entire crypto industry depends on bitcoin, if bitcoin crashes then all altcoins will disappear. Therefore, it cannot be called diversification. Should only diversify non-crypto-related assets.

Diversification methods can be related to any investment including crypto, it's just a matter of choosing.
If not crypto-related then other investments can be centered on Gold, Real Estate, and maybe a piece of land.
That is already included in the broader investment.

Wend

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Quote from: taufik123 on May 31, 2023, 07:30:25 AM

Quote from: bayu7adi on May 30, 2023, 10:47:48 PM

-snip-
I would recommend OP to consider diversifying by purchasing a few different assets with varying risks, to hone their skills and try to find a risk profile that suits them.

A diversification strategy will be useful when some assets go down but other assets are still safe from the decline.
What must be included in the diversification strategy is of course BTC which is the main asset and is supported by several potential altcoins.

As the phrase is always said "Don't Put Eggs in One Basket", when basket number one falls, the next basket does not fall and the eggs are still intact.

Did this advice work for the OP? I mean, even if he doesn't have money to invest in bitcoin, his bitcoin investment is minimal and insignificant. Instead of diversifying each asset with just a few tens of dollars, the OP should focus entirely on bitcoin. The advice is correct, but we need to give the correct advice for each person's situation.

And I don't think investing in altcoins is called diversification. Because the entire crypto industry depends on bitcoin, if bitcoin crashes then all altcoins will disappear. Therefore, it cannot be called diversification. Should only diversify non-crypto-related assets.

jeraldskie11

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Quote from: drwhobox on May 30, 2023, 07:53:56 PM

Quote from: Mame89 on May 30, 2023, 05:50:00 PM

One more thing, the most important thing is to change the mindset because this is one of the most common mistakes that most people make when investing in bitcoin hoping to get rich quick and end up disappointed when the market goes down.

This is a rookie mistake, people who thinks bitcoin is some quick rich investment will fall for big loses and later they blame bitcoin for that. Bitcoin is a long term investment, it is not for people who wants to get rich quickly or even get rich by investing a small amount of money. If you want to get rich from bitcoin you have to be a consistent bitcoin investor.

That's what people think when they invest Bitcoin for the first time, they think they rich in no time. Well, it's possible but not at all except you invested in a right where the advancing phase starts afterwards with impulsive candlesticks. Some people were being hyped by someone to invest in Bitcoin because it's make you rich real quick. Because of that, if there's a bad thing happens to their investment they immediately blame Bitcoin which is wrong.

taufik123

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Quote from: bayu7adi on May 30, 2023, 10:47:48 PM

-snip-
I would recommend OP to consider diversifying by purchasing a few different assets with varying risks, to hone their skills and try to find a risk profile that suits them.

A diversification strategy will be useful when some assets go down but other assets are still safe from the decline.
What must be included in the diversification strategy is of course BTC which is the main asset and is supported by several potential altcoins.

As the phrase is always said "Don't Put Eggs in One Basket", when basket number one falls, the next basket does not fall and the eggs are still intact.

Quote from: Dimitri94 on May 31, 2023, 12:41:30 AM

-snip-
The biggest thing about investing in Bitcoin is one can get the assurance which is not available in any other altcoin investment. Even after a long time you will get return with profit.

Guarantees on Bitcoin may be a good asset for the long term, but the percentage increase over the price of ATH is still very possible.
Just need to see how much money is invested for the long term.
Growth may be faster if doing DCA, but that is a choice for everyone and see how strong their economic foundation is.

Dimitri94

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Quote from: Mr.corol on March 14, 2023, 12:24:34 AM

I bought a $14.55 bitcoin a few days ago when it was at 22k. Again Bitcoin came to 19k. However, I did not sell bitcoins. I was convinced that the price of Bitcoin would rise again. I buy $50 worth of bitcoins again. Got some profit on this small investment. Looking at Bitcoin 24k today. I will keep it for a long time and will not sell it now. I think at some point bitcoin will pump a lot

Those who can trust Bitcoin will also get success from Bitcoin. Those who invest in Bitcoin today will be able to multiply their wealth in it later. Your small bitcoin amounts can eventually turn into big wealth. There is no option to follow DCA for those whose economic situation is not good. Today's price of Bitcoin is $27,654 and it may reach $100k or more in the future. But it is natural that the ROI will be higher for those who have relatively higher investment. The biggest thing about investing in Bitcoin is one can get the assurance which is not available in any other altcoin investment. Even after a long time you will get return with profit.

bayu7adi

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paper money is going away

Quote from: GeorgeJohn on May 30, 2023, 05:54:38 PM

If you want to make a very good profit in Bitcoin investment you don't have to invest a small amount of money Train and secondly you to observe the market and just make up your mind and buy larger fraction of bitcoin and save it for long before selling, and by the time you will conclude to sell your bitcoin, the market of cryptocurrency would have accelerated to a certain price or amount, and you will definitely make your profit, so it's obvious that a good investors doesn't invest in bitcoin in a short time, it most be long term so that they will be occurrence of huge profits

He's still a rookie, sir. Pushing someone beyond their capabilities as a newbie can result in mental strain when the outcomes don't meet expectations. Playing with Bitcoin is not like playing poker, where we have to go all-in at the end of the game. Buying a significant amount of Bitcoin is highly risky for a beginner. Acquiring financial literacy is essential, as we all need to have at least an emergency fund that remains readily available at all times.

I would recommend OP to consider diversifying by purchasing a few different assets with varying risks, to hone their skills and try to find a risk profile that suits them.

lienfaye

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Quote from: drwhobox on May 30, 2023, 07:53:56 PM

Quote from: Mame89 on May 30, 2023, 05:50:00 PM

One more thing, the most important thing is to change the mindset because this is one of the most common mistakes that most people make when investing in bitcoin hoping to get rich quick and end up disappointed when the market goes down.

This is a rookie mistake, people who thinks bitcoin is some quick rich investment will fall for big loses and later they blame bitcoin for that. Bitcoin is a long term investment, it is not for people who wants to get rich quickly or even get rich by investing a small amount of money. If you want to get rich from bitcoin you have to be a consistent bitcoin investor.

Investors who are thinking Bitcoin can make them rich in a short period probably didn't exert an effort to understand how Bitcoin works. Because if you take time learning first before investing your money, you'll understand that it's a kind of investment that needs patience since it's good for long term, that is if you really want to gain huge.

Anyway as you've pointed out, you need to be a consistent Bitcoin investor in order to have a decent holdings. It doesn't matter even you're buying little by little, what matter is, it has consistency. It's a good strategy, you won't notice your Bitcoin is growing while not hurting your finances since you only allocate a small amount.

drwhobox

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Quote from: Mame89 on May 30, 2023, 05:50:00 PM

One more thing, the most important thing is to change the mindset because this is one of the most common mistakes that most people make when investing in bitcoin hoping to get rich quick and end up disappointed when the market goes down.

This is a rookie mistake, people who thinks bitcoin is some quick rich investment will fall for big loses and later they blame bitcoin for that. Bitcoin is a long term investment, it is not for people who wants to get rich quickly or even get rich by investing a small amount of money. If you want to get rich from bitcoin you have to be a consistent bitcoin investor.

someone703

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What you are doing now with your small investments shows your patience with investing assets in bitcoin, even though it may be a small investment. But it is worth cherishing because I am like you when, without many assets, they gradually accumulate them. If there is a period of time when bitcoin increases in price, it can be a good asset. So even though the price may fall, accumulating and increasing it slowly will not affect the plan that we have outlined.

GeorgeJohn

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Quote from: Mr.corol on March 14, 2023, 12:24:34 AM

I bought a $14.55 bitcoin a few days ago when it was at 22k. Again Bitcoin came to 19k. However, I did not sell bitcoins. I was convinced that the price of Bitcoin would rise again. I buy $50 worth of bitcoins again. Got some profit on this small investment. Looking at Bitcoin 24k today. I will keep it for a long time and will not sell it now. I think at some point bitcoin will pump a lot

Since I can't invest more dollars, I don't have that much money. Still will invest as much as possible.

If you want to make a very good profit in Bitcoin investment you don't have to invest a small amount of money Train and secondly you to observe the market and just make up your mind and buy larger fraction of bitcoin and save it for long before selling, and by the time you will conclude to sell your bitcoin, the market of cryptocurrency would have accelerated to a certain price or amount, and you will definitely make your profit, so it's obvious that a good investors doesn't invest in bitcoin in a short time, it most be long term so that they will be occurrence of huge profits

Mame89

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Quote from: Mr.corol on March 14, 2023, 12:24:34 AM

I bought a $14.55 bitcoin a few days ago when it was at 22k. Again Bitcoin came to 19k. However, I did not sell bitcoins. I was convinced that the price of Bitcoin would rise again. I buy $50 worth of bitcoins again. Got some profit on this small investment. Looking at Bitcoin 24k today. I will keep it for a long time and will not sell it now. I think at some point bitcoin will pump a lot

Since I can't invest more dollars, I don't have that much money. Still will invest as much as possible.

The strategy you are doing is actually correct, just don't stop buying bitcoins regularly every period. Even with a small capital it's okay, but you often buy every week with the same amount. Moreover, your goal is for the long term, a slight decrease, you don't need to panic to sell, because you must be sure that bitcoin will reach a new ATH after the halving, and you must also have confidence that the price of bitcoin is still in consolidation to head for the next bullrun. It is also necessary to pay attention to always keep your assets in a cold wallet and store seed phrases in a safe place.

One more thing, the most important thing is to change the mindset because this is one of the most common mistakes that most people make when investing in bitcoin hoping to get rich quick and end up disappointed when the market goes down.

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Quote from: JoyMarsha on May 30, 2023, 05:12:52 PM

Since you don't have much money to invest in bitcoin, you can gradually increase your investment as money starts to come into your account. Bitcoin investments are not made all at once. If you check, you have already made a small profit on the small amount you placed in bitcoin, as its current value of $27,800 is higher than its initial investment price of $22,000 when you invested. Investors in bitcoin make money in this way. They invest for the long run and buy cheaply in the hope that the price of bitcoin will soar.

if the OP will read again his thread, he will thank himself that he bought some when it was still at 22k. so long you haven't sold yet what you bought, you have the chance to make profits. but that is, if you are patient enough to wait or has no urgent needs for the money.
who knows that small investment will help you later on when you need some cash?

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