my small investment - page 8. | Bitcointalksearch.org

SOKO-DEKE

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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.

I will say that if you can hold the Bitcoin for a long term, you will definitely make good profit from it in the future, but the long term that I am talking about is range of 10-20years if possible for you. This is based on the title experience that I have gathered about Bitcoin investment and with a lot of good stories that I have heard and read about Bitcoin long term investment.

I'd like to point out that many people began investing in bitcoin with only a small sum of money, but as time passed, they gradually increased their Bitcoin investment. The only constant is the profit system, which works on the principle that the more you invest, the more you'll earn. But be cautious about making large investments in bitcoin because there is risk involved. As a result, we are advised to only make investments with money we can afford to lose.

Mr.corol

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Quote from: tjtonmoy on March 16, 2023, 12:40:53 AM

If you are out of your investing asset, the best choice is to DCA. As your amount is low, and currently you are unable to invest more, you have to sell in high and buy in low. Current market is moving fast at both direction. If you can pick up the rhythm, you can make a good profit from that small amount too.
Also whenever you get the chance, buy more.

I will try to increase the amount of investment gradually. Now I don't have money that I can invest in Bitcoin. I will invest in Bitcoin when I have money.

B_T_C

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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.

Hey OP,

is this still your public address?

bc1qh78gmkggjujna4rp62995j54h5ek480exn8r6r

Let me know and I'll send you some sats. If you don't move them for at least one year I'll send you the same amount again next year. Wink

Please also make sure to store your BTC in an offline wallet and not on the exchange!

Outhue

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At least, you start from somewhere, it's way better than not investing a penny, now it's better to look for good source of income, because time running, you will turn to a man soon and responsibilities will take over.

If you want to be a successful Bitcoin holder, you need to make enough money that can cover your expenses and still be able to cover your investment plans, believe me, holding Bitcoin is a better investment strategy, do not give up on this path you are currently on.

The best easy way to go about this is DCA, invest with money you make from side hustles, extra incomes or sort, so that you won't go back one day into your wallet and sell your Bitcoin to eat or pay bills.

Tytanowy Janusz

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Quote from: savetheFORUM on March 15, 2023, 12:41:44 PM

Being able to earn after reading books or doing courses is a theoretical thing in my opinion, and it doesn't really happen with everyone, especially in a third-world country as I believe OP is from a third-world country. Though I encourage people to learn skills as they can be useful, I think investing any extra money you have in Bitcoin will do you no harm in the long run.

Even if he only gets a small amount back after the price reaches significantly high, he will still be the happiest since his investment at least worked, I think he knows that he won't become a millionaire with only a $64 investment.

He has access to internet and knows english. Thats enough to earn online no matter where he leaves. The fact that he is from third-world country is even better in this scenario because of much lower cost of living and foreign income.
There is nothing bad with his 64$ investment. The problem starts when he check his portoflio 14 times a day to check if he is 1$ on profit or 1$ on loss (according to binance, its average user check app 14 times a day).
The amount of time lost in this way combined with stress may not be worth the few dollars in profit, especially since bitcoin is already a bit too big to do 100x in a year.

tjtonmoy

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

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

If you are out of your investing asset, the best choice is to DCA. As your amount is low, and currently you are unable to invest more, you have to sell in high and buy in low. Current market is moving fast at both direction. If you can pick up the rhythm, you can make a good profit from that small amount too.
Also whenever you get the chance, buy more.

wxa7115

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Quote from: uneng on March 15, 2023, 10:20:59 PM

Yes, he should continue acquiring more bitcoins in a weekly or monthly basis aiming long term profits. He can use the DCA strategy. I believe by 2024-2025 he can see very consistent results by following this method, since it's expected bitcoin will be in a new bull run by there, due to the halving event next year.

It's important to keep investing in bitcoin along the time until holding a very decent amount of satoshis, so he can see solid returns over the investment. Otherwise, to hold few hundreds of dollars in btc won't be enough to enjoy the profitability of the investment on its full potential, meaning it won't be a life changer...

DCA is often underestimated as a strategy but this is a mistake, DCA is a strategy that is within reach for even the most inexperienced investor and it is very easy to put into practice.

People just need to save some money each week and buy bitcoin without worrying about the direction the price has taken, and if this is done for long enough then the profits can be very high, but despite the positive results which can be gotten new investors disregard this strategy and prefer to use more risky methods to multiply their money.

Iranus

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Quote from: kamvreto on March 15, 2023, 05:37:22 PM

Quote from: |MINER| on March 15, 2023, 04:55:52 PM

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.

Recently Bitcoin touch over 26k us dollar I hope you still didn't sell it .
As I see that you want to hold it for long-term then I would like to suggest you that increase fund i.e. holding amount of bitcoin if you wanna really take a good profit from it . For that you can make a good DCA(Dollar cost average). And you don't need invest a big amount at together. You can make strategy like spent a small amount by a circle in a certain period this can be use full for long term profit gaining.

DCA needs more reserves so that it can allocate funds to buy in stages. It's very good for the long term, but it also takes analysis to determine where to buy it. When the bitcoin price hits $26k which is the highest price in the last few months, that is certainly a pretty high price. Just need to wait for continued correction and then buy it. Currently the price of bitcoin is still in the price area of $ 24,500.

If you decide to hold for many years, and don't care too much about the price, as long as bitcoin stays below the old ATH, then you can DCA whenever you have the money. For example, $26k is also a good price for DCA, you shouldn't wait as no one can be sure if it will drop to $20k again or it will cross $30k. If in 2022, when bitcoin drops to $15k, and you wait for a better price to accumulate, this year you will have to buy bitcoin above $20k. Set a sell target of $100,000, and you'll see how well the current price is worth buying.

uneng

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Quote from: Cantsay on March 15, 2023, 09:25:04 PM

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.

And now that the price has even increased further it means more profit for you. And seeing that you're going for the long-term investment you should try as much as possible to try to keep accumulating more bitcoin in your stash that way you can realize an even better profit than you anticipated.
Any funds you know you won't be needing any time soon you can use to buy more coins to increase the ones you already have. And since you have no analysis knowledge I'll ask that you continue to stick with bitcoin till you have enough knowledge on how to conduct proper research then you can gradually diversify your portfolio and add more coins that are solid.

Yes, he should continue acquiring more bitcoins in a weekly or monthly basis aiming long term profits. He can use the DCA strategy. I believe by 2024-2025 he can see very consistent results by following this method, since it's expected bitcoin will be in a new bull run by there, due to the halving event next year.

It's important to keep investing in bitcoin along the time until holding a very decent amount of satoshis, so he can see solid returns over the investment. Otherwise, to hold few hundreds of dollars in btc won't be enough to enjoy the profitability of the investment on its full potential, meaning it won't be a life changer...

Cantsay

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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.

And now that the price has even increased further it means more profit for you. And seeing that you're going for the long-term investment you should try as much as possible to try to keep accumulating more bitcoin in your stash that way you can realize an even better profit than you anticipated.
Any funds you know you won't be needing any time soon you can use to buy more coins to increase the ones you already have. And since you have no analysis knowledge I'll ask that you continue to stick with bitcoin till you have enough knowledge on how to conduct proper research then you can gradually diversify your portfolio and add more coins that are solid.

Oasisman

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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.

You're off to a good start actually. If you could just continue to buy everytime Bitcoin dips, then i'll guarantee you a good return in the next bull season.
It's a good thing you didn't panicked when Bitcoin pull back a bit and still managed to buy even so. Just continue to do so and set a specific range as your target to cash out your profit, that's also important for you to avoid rush selling that could potentially make you regret for selling too early or too late.

ChiBitCTy

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Just make sure you’re investing what you can afford to lose as well as that you’re not taking money away from your retirement investment portfolio. That should always come first and foremost. Keep in mind bitcoin is inherently NOT an investment, it’s a digital currency that solved double spending and a host of other issues with previous payment systems as well as digital cash.

Lanatsa

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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 are intending to hold for long term then entering on whatever price it would be, will really be no problem since you would be holding for future years to come, unless if you are a day trader then you should
really be that wise on entering up a certain position if you are going for short term profits but since you arent selling something then you should continue on what you are doing.
Holding bitcoin for long term is ideal but of course you should really bare up with the risks involved since it doesnt really guarantee that it would really be still existing on upcoming
years to come.There's no guarantee if we do speak about future talks.

tvplus006

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

...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.

For a beginner who has absent trading skills, the most correct strategy would be hodl BTC. If you have special professional skills, you could do freelance, receiving payment in bitcoins for the work done. To sum up: you should make max effort to increase the number of coins in your wallet by making purchases when you have the opportunity.

kamvreto

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Quote from: |MINER| on March 15, 2023, 04:55:52 PM

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.

Recently Bitcoin touch over 26k us dollar I hope you still didn't sell it .
As I see that you want to hold it for long-term then I would like to suggest you that increase fund i.e. holding amount of bitcoin if you wanna really take a good profit from it . For that you can make a good DCA(Dollar cost average). And you don't need invest a big amount at together. You can make strategy like spent a small amount by a circle in a certain period this can be use full for long term profit gaining.

DCA needs more reserves so that it can allocate funds to buy in stages. It's very good for the long term, but it also takes analysis to determine where to buy it. When the bitcoin price hits $26k which is the highest price in the last few months, that is certainly a pretty high price. Just need to wait for continued correction and then buy it. Currently the price of bitcoin is still in the price area of $ 24,500.

|MINER|

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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.

Recently Bitcoin touch over 26k us dollar I hope you still didn't sell it .
As I see that you want to hold it for long-term then I would like to suggest you that increase fund i.e. holding amount of bitcoin if you wanna really take a good profit from it . For that you can make a good DCA(Dollar cost average). And you don't need invest a big amount at together. You can make strategy like spent a small amount by a circle in a certain period this can be use full for long term profit gaining.

deathcode

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

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

Keep the spirit and stay consistent to often set aside your money to buy Bitcoin, but not all of it. Make details and adjust to the abilities you have.
Make clearer and more detailed goals for investing in Bitcoin so you can build investment habits and manage your money wisely and better. For example, if you already have a steady income, then set aside few percent to buy Bitcoin and few percent to meet the needs of daily life and few percent is saved for emergency funds. Remember if you have long term goals and don't be greedy in investing with all the money you have right now, because we also have daily needs that we have to meet and maybe emergencies that we don't want.
Planning in detail I think is important. Because I think making details on our income and expenses will help build habitual patterns in us to better control and manage our finances.

savetheFORUM

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Quote from: Tytanowy Janusz on March 14, 2023, 04:30:45 AM

Witch such small investment, even if bitcoin will go x5 to new ATH ... its still like 250$ profit in like 2-3 years. Wouldn't it be better to spend those 50$ on books/courses to get new skills that will allow you to earn more and come back with that extra money? I mean like, if you have only 50$ ... i don't know if bitcoins is the best place to put them. The timing is good, bitcoin is cheap right now, but you won't make much.

Being able to earn after reading books or doing courses is a theoretical thing in my opinion, and it doesn't really happen with everyone, especially in a third-world country as I believe OP is from a third-world country. Though I encourage people to learn skills as they can be useful, I think investing any extra money you have in Bitcoin will do you no harm in the long run.

Even if he only gets a small amount back after the price reaches significantly high, he will still be the happiest since his investment at least worked, I think he knows that he won't become a millionaire with only a $64 investment.

Bitcoin_people

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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.

From small investments you will gradually start investing more at a time. As you are a new investor it is better to start investing with small profit in your initial state. and you will never lose faith by investing. Of course, there is no risk of losing money when investing in Bitcoin. so you can earn more profit than you invest in bitcoins later. so you invest in Bitcoin and in future you can earn reputation as a successful investor.

fuguebtc

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Quote from: Tytanowy Janusz on March 14, 2023, 04:55:21 AM

Quote from: fuguebtc on March 14, 2023, 04:44:10 AM

Do you have any better suggestions for him? A get rich quick tool. It may be a very small amount to many people, but sometimes it means a lot to many people.

Its not a "get rich quick tool" i was talking about. I was talking about finding another source of income (online freelancing something like fiverr.com) or improve skill by making a forklift course, excavator course, welding course, english school (if he is not english native speaker). something that will help him get better job and safe 100$ monthly instead of 20$. That way after a year of DCA he will have 1200$ invested instead of 240$. If BTC will pump 5x its 6k$ profit instead of 1200$. I can't give an exact answer because I don't know where he lives, what he does, how old he is, and what his abilities are.

Or even get more active here on forum and get a signature campaing that pays 50$ weekly.

Understood. But I think he definitely has another job, and what he is investing is the money left after deducting monthly living expenses. I don't think there are people who refuse to work and just accumulate every penny, begging people to give and hope to one day change their lives with that investment. Or else he is very young, which could be snack money given by his parents, and he saves to invest in bitcoin.

Topic: my small investment - page 8. (Read 1481 times)