Topic: my small investment - page 9. (Read 1568 times)

No worries if you even took some profit from your small investment. Celebrating small wins, ey? No problem there. Just keep hodling after the one you bought or maybe even forget that you bought Bitcoin in a long time and you would be hella surprised on how much its price that time. 100k? 200k? Whatever the price is, you can never go wrong always with Bitcoin even as a short-term investment.

Keep it up!

First you are welcome to invest Bitcoin. Never underestimate your investment. Because you have invested maximum amount from your side. So your investment is very big for you. As you start investing hopefully you will gradually increase the amount invested.

Since you have invested, you probably know that the market never stays the same or that there is no chance that an investment will turn out to be profitable. The price of the coin may decrease or increase after you have invested. However, maximum patience should be exercised after investment.  Since the market went down a bit after you invested but you persevered so now the market has gone up a lot hopefully you have made some good profits. So always be patient when investing, no matter how bad times come, always wait for a good time, if you adopt this approach, I hope you can be a successful investor.

You have made a profit for now as the bitcoin price has gone up to $24k and will increase even more. You can also invest whenever and however much you want. And if you don't have money at the moment, you can collect it first and then buy bitcoins.

And prepare your bitcoin for a long time until the price of bitcoin can increase so that your profits can increase. And I remind you not to panic if a correction comes because it is a good time to buy bitcoins.

Benjamin Graham is a legend if it's about investment, and no wonder why he became the mentor of another legend, Warren Buffet. That indeed should be a basic knowledge about investment, which you have to get steady life before trying to multiple your wealth on anything like investment. Getting steady life doesn't mean we have to be rich, but it's how we manage our income and lifestyle. In some cases, we might heard about some stories by people who did sacrifice all of they had to invest something and somehow it turned them to be rich in return years later, but in fact, not everyone has that same luck, and even, the chance for that is so low.

You find another source of income.  This small amount is not enough to get good profit.If you have good knowledge about cryptocurrency you can invest $300 to $500.The more you invest, the more you can earn.  It's okay if you have little experience with cryptocurrency and this is not your only way to earn.You can do it part-time for little  money.Starting small is also a good investment.Bitcoin is expected to pump by 2023.Expect your profit based on your investment.  Don't expect much profit from investing $50, because it won't make you a richment.

Try to make your investment stable, and buy every week or every two weeks, even if it's a small amount at first, but make it a habit. Moreover, this is a good time to invest in bitcoin when the entire market is in a drawdown.

A bull market is bound to come, but you can only feel its investment advantage if your investment is more substantial. It is not always easy, sometimes we have difficult times, but we need to look for additional opportunities. Also, do not forget about the safe storage of your investment, this is also a very important point.

You will later have to spend all your Bitcoin on food if the money you invested is not extra cash you won't be needing on the long run, many people want to invest in Bitcoin but they don't have spare money, if you want to be a successful Bitcoin investor you need to make extra income to accomplish your aim.

No, if bitcoin reaches a new all-time high or even if one bitcoin becomes worth a few hundred thousand dollars, that initial capital will not turn into a huge asset. Bitcoin cannot make us millionaires with a small amount of capital, it can only help you increase your initial amount.

But you're right about the OP, it's a pretty meager amount of money, and if it were someone else, they would immediately think of altcoins to find a way to increase capital quickly, not invest in bitcoin. OP made the right choice to just invest in bitcoin in the first place.

You just know your risk, that's a good start.
If you succeed in installments wisely as you wrote it will become a good habit and buy and store bitcoin until one day you need either for gas luggage or some projects as you grow in the forum, I used to think like you and I felt when ATH was the year Then. That made me survive the crisis.
But you also have to be able to be patient if you use fiat money or buy yourself. You have to be patient if dump. I think if one day the panic sell is quite sad bro. If you want to scalping, take a profit point even if only a few %, but if you are still strong and survive hodl or a wise choice. We are waiting for a bitcoin surprise in the future

You have made a good decision at the beginning. New investors who have little money are usually encouraged to invest in altcoins. Because his profit is higher there. But even if you have less profit from that position, you have made a reliable investment choice. If Bitcoin goes to one of its all-time highs again, your investment could turn into a huge asset. Moreover, we deserve the big is created from the small.

Commit to yourself always DCA with the amount you can afford and the most important thing is when having the intention to invest long term the solution is not to store your Bitcoins in a centralized exchange. Always secure it to a cold wallet, keep the seed phrase as safe as possible, buy consistently forget about the price of Bitcoin and continue to build trust in Bitcoin that one day it will be worth a lot.

I'm assuming that you're buying Bitcoin for the first time so with that, it's a good first step already.
I think many already said these to you, but I will share 2 tips that will help you in your investing journey.

1. Keep going - Dollar Cost Averaging. It's proven to be the best long term strategy though I still don't want to use the word "safe" from it because there are still risks to it. Just continue buying Bitcoin, and when you know that the price of it went down, take the opportunities and buy it. Don't be like other investors where they are panicking when they see Bitcoin going down even just a little bit.

2. Don't fall in love with your assets - What do I mean by this? You said that you will hold your Bitcoins for a long time right? There's nothing wrong with it, but set a specific selling time where whatever happens, you need to sell at that time. Don't fall in love with your holdings, and hold it for a very long time. That's my mistake already. I have a mindset where I will hold Bitcoins for a long time, then the bull run came in 2021. I didn't do anything at all, and I just watched the market. The following year is the bear market. I regret not selling a huge portion of all of my assets because I missed the potential profits at that time, and I can just buy more during the bear market

That's a very good point. According to Benjamin Graham, legendary Wall Street investor, mentor to Warren Buffet, "father of value investing" before even thinking about investing you should build a financial cushion as big as 6-12 months of spendings. No matter what happens, you lose a job, you need a surgery you have to have cash liquidity because there is nothing worse than selling undervalued great assets at the bottom only because you are forced to. Especially that cheap assets are most common in recessions when unemployment goes up and most of us have financial problems. You should be buying that day not selling.

Bitcoin price started pumping and yesterday it crossed $26000.  Although it has dropped a bit again today to around $25k so expect Bitcoin price to start rising again and make a new ATH again. So you should hold your bitcoins and if it makes ATH again then you will get multiple times profit from it.  Since the price of Bitcoin is still very low, if you can afford it, you can buy some more Bitcoins and keep hold.  In this you will be able to get a big profit. I am not giving you financial advice I am just giving a possible opinion.

It will really help you to achieve something favourable from your investment Op, if you can maintain the holding till the price of Bitcoin hit higher which is the best strategy many potential holders are using to make a good profits at the end of their investments. There is a positive signs already in the crypto market, that is giving some traders joy for the massive moved of crypto price and it will be difficult for traders to experience what happened last year that made traders not to sell than to continue holding. I think, there is still opportunity for those that missed when the price of Bitcoin was $19,732 to use this period to buy and hold, because the price will increase higher in a way investors will start releasing their coins for sale.

You invested in bitcoin when the price of bitcoin was 22000 dollars and after investing the price of bitcoin came to $19K. you faced loss for some time but now the price of bitcoin is pumping again. Currently the price of bitcoin is around 25 thousand dollars hope you got some profit from the amount you invested. And seeing that you have made a profit, you have purchased some more bitcoins, which is a very good news. Since you have decided that you will hold your bitcoins for a long time, I will tell you to sell your bitcoins when you feel that your profit is enough.

You have be patient because only that way you can do now if you don't have capital to do DCA.. bitcoin price is still consolidate to go to next bullrun. I remembered long time ago,  when I accidentally save $10 on bitcoin and be $30 after 3 years, which this moment I thing you have to do something to forget about your investment.

Good job OP. My piece of advice is if you really not trading, avoid watching charts or prices everytime . This will help you to not panic, just do something else just like learning more about what Bitcoin is or exploring more about Bitcoin or finding any other leisures that will make your attention on Bitcoin price will be keep away temporarily because I believe you will become emotional due to high volatility of Bitcoin price.

it's a good way to invest friends, because you do it with confidence.
and by installments and buying bitcoins using the DCA system is indeed the best way to buy bitcoins,
I wish you success with your investment.

We have the same outlook on bitcoin, it will rise further in the near future. You have a good start OP, at least you were able to increase your holdings when it went down to $19k. I am also doing a dollar-cost-averaging because I am also unsure of what bitcoin prices will do this year, it may go up but there is also a chance for it to drop down again. I am just confident that in the year of its halving, bitcoin will pump just like all of its previous halvings and I will not miss this opportunity of a lifetime.