Topic: Start with the little you have, you don't need millions of dollars to own BTC. (Read 742 times)
November 22, 2023, 11:17:20 AM
This advice will work best for those who intend to hodl BTC for a very long term, not for those who would like to swing. Because the profit on 10$ worth of BTC will be very discouraging. But for those who wanna accumulate BTC with spare funds, this is a brilliant idea, before long, their bag would have swollen, if they remain consistent.
November 22, 2023, 10:26:02 AM
Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.
Making a profit, even a little, is better than making no profit at all. This also helps us learn about our psychology when investing. We may be investing a small amount today, but tomorrow we may have the opportunity to invest a large amount. It is necessary to gain experience to be ready for such situations.
Experience cannot be bought with money, so we need to gain experience to improve ourselves. Amount is important in investment, but not everyone can risk high amounts or have the opportunity to invest high amounts. Even making a small profit is better than doing nothing.
November 22, 2023, 02:20:24 AM
This brings back some memories, when people hear the price of bitcoin it becomes a big turn off for them, and if you try explaining that they can buy some part of 1 BTC they will lose interest, everyone seem to want the 1BTC but couldn't afford it yet they believe it makes no sense to buy 0.5BTC, this was how someone in my family missed a big opportunity years ago, I tried confusing her to do it but she kept saying she can't buy 1BTC, the lack of knowledge about how bitcoin works is the biggest problem for many people.
Today its now extremely harder to buy half of 1 BTC, and I am positive that in the next two years it will be even more harder to get 0.5BTC, it will feel almost impossible for those who are not millionaires, if you don't know something I expect you to do some findings to your questions and doubts but instead people will make up their minds based on nothing.
Today its now extremely harder to buy half of 1 BTC, and I am positive that in the next two years it will be even more harder to get 0.5BTC, it will feel almost impossible for those who are not millionaires, if you don't know something I expect you to do some findings to your questions and doubts but instead people will make up their minds based on nothing.
November 22, 2023, 01:15:11 AM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
November 21, 2023, 04:59:38 PM
Bitcoin investment does not require you to buy instantly the whole bitcoin. That's too expensive for any beginner investor and that will only put you at a high risk of losing. Learn to start a little, and start with an amount that you can simply afford to lose. After all, the real challenge in any investment is how to grow your investment throughout the years, and not because you started it big, that guarantees that your investment profits will forever be big.
Remember that majority of the successful investors have started from the scratch, and that most of them have even a hard time providing for a capital. But that never stop them from investing, but learning to invest at your small spare money could create a good start. The important thing here is you take the risk to invest, and not like others who have keep missing opportunities because their reason is they're not ready to invest and lose.
Remember that majority of the successful investors have started from the scratch, and that most of them have even a hard time providing for a capital. But that never stop them from investing, but learning to invest at your small spare money could create a good start. The important thing here is you take the risk to invest, and not like others who have keep missing opportunities because their reason is they're not ready to invest and lose.
November 21, 2023, 04:54:59 PM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
several people have made comments on my Facebook account, they said they were interested in bitcoin but when they saw the price they withdrew, they said they couldn't afford to buy it but I explained patiently that you are not required to buy 1 bitcoin, you can just buy bitcoin. 0.01 - 0.001 and even 0.0001 bitcoin, this is why I say education about bitcoin is very important so that people out there don't see bitcoin in a scary version because only a few percent of people in this world can afford to buy 1 bitcoin fully.
November 21, 2023, 04:27:01 PM
There is always a way to invest in Bitcoin if we really want it but if we always think that it is expensive and can't afford it, really it never works.
Well, investing is just for those individual who think about their future, not those who always have a reason to decline. Well, we can't force them either OP but at least hearing this advice makes them think and at least could open their minds and consider the opportunity. Otherwise, they can be like those people who feel regret and blaming themselves why they don't invest in Bitcoin while the price is just $20k, $30k.
Well, investing is just for those individual who think about their future, not those who always have a reason to decline. Well, we can't force them either OP but at least hearing this advice makes them think and at least could open their minds and consider the opportunity. Otherwise, they can be like those people who feel regret and blaming themselves why they don't invest in Bitcoin while the price is just $20k, $30k.
November 21, 2023, 02:43:23 PM
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.
You are right mate, knowing when to invest is very important this still fall to having the knowledge about what you’re about to invest, and even when you have the idea of investing long term, starting with a tangible capital is a key factor because of the volatility of the market, if you are starting with a little capital and you have the idea of holding for a long time there is every tendency that you might see liquidation, but with tangible capital and proper knowledge of the market, you can scalp what ever profit the market will bring. People need to be aware of the risk involve in investing just like every other businesses it’s either you get profit or you get lost, most businesses run to lose because of lack of proper structures same implies with bitcoin investment if you lack proper understanding and knowledge about the space you will end up making errors and remember that this errors cost money too as well. There’s is no rush to invest and they are no late comers, if you are short on capital to kickstart the project do not panic or feel your are behind, get your capital ready then gather the necessary resources and knowledge for your advantage.
November 21, 2023, 07:40:00 AM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this. That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
November 21, 2023, 06:06:14 AM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
November 20, 2023, 03:49:52 PM
Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.
November 20, 2023, 01:57:46 PM
You have said my physical campaign awareness on bitcoin to people. A lady met me one day and Sid someone told her that for her to own a bitcoin she has to purchase it with the minimum of $4,000 USD and immediately I have to reconciled that mentality from her and told that she can invest with any form from $5 US dollar and that should be depends on the current dollar exchange rate and after the orientation she was very happy and took my number so she can call me to start the investment.
Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.
The misconception about bitcoin is the most common challenge we hear or face more from those who are less enlightened about bitcoin. Due to misconception, so many people have held false emphasis on Bitcoin from what they have heard from gullible people and they are holding on to that for so long and that keeps denying them the opportunity to know and invest in bitcoin. The heartbreaking of it all is that they don't want to google on their own to know whether what they are being told about bitcoin is true or false. They keep holding on to that belief(false words) without doing research on their own on why bitcoin is to be so. Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.
This is the reason why, the awareness of bitcoin is very important and it is to be spread around your locality because nobody knows who the awareness of bitcoin will be of help in their future investment in bitcoin tomorrow. Now, telling someone about what they should know about bitcoin rather than being ignorant of it.
Now you have told the lady that she can invest in Bitcoin with any amount as low as $5, I believe she can tell that to others too. That will help in a way for people who want to invest in Bitcoin with little they have for long-term purposes.
November 20, 2023, 12:26:12 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.
Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.
For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.
So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.
The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.
Hope this can encourage someone who may find him or herself in such a situation.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.
Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.
For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.
So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.
The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.
Hope this can encourage someone who may find him or herself in such a situation.
Your message serves a great reminder and encouragemnt for all those who think that they need a large amount of money to get started their investment journey in Bitcoin. It is true that buying a complete Bitcoin is a dream for average salried calss individuals, but it is possible to start accumulating fraction of Bitcoin (Satoshis) even with modest amount like $10 but it should be done on regular basis by following the Dollar Cost Average (DCA) strategy. This strategy is universally recognized as effective method to achieve financial stability. By regularly investing small amounts overtime, we can steadily build our Bitcoin holdings and participate in the crypto currency market without the need of large amount for initial investment.
November 20, 2023, 12:05:19 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
Yes anyone can invest in Bitcoin with any amount they want.If someone wants to invest in bitcoins he can start from 5 dollars initially.I am an small investor I started my first bitcoin investment with just $20 and it grew to around $100 but that was a long time ago.
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I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
I bought $850 worth of bitcoins when the price of bitcoin was $25000 a few months ago and sold it when the price of bitcoin reached $35000.I could never have imagined that I would get so much profit from investing in Bitcoin in such a short period of time.Maybe I was one of the lucky ones that made it possible.But the funny thing is that all the money I made from my Bitcoin profits I spent on one of the most important things in my life, my wedding.
My family and people in my area have become very interested in investing in Bitcoin after hearing that I will earn all my wedding money from my Bitcoin.They now want to invest with me.
Among the people around me, I have some friends who are educated and working in various small companies.After my friends and people around me wanted to invest in bitcoins, I told them that you can start investing by buying only $20 or $30 worth of bitcoins.All of them were encouraged by this and three to four people bought bitcoins.
I told them that bitcoin investment should be done for long term and they accepted that too and wanted to invest for long term.
November 20, 2023, 03:34:00 AM
You can invest very small to small amount of money in Bitcoin if you have less resources. I have already profited from investing in Bitcoin. Through which I got positive idea about bitcoin and from here I got motivation. If you keep a small amount of money in the bank, there is very little or no profit from it. But by investing in Bitcoin you are most likely to make a profit.
November 20, 2023, 02:11:17 AM
investing in bitcoins in small amounts and gradually is the perfect way to invest in crypto, where by investing small amounts we can at the same time learn to be consistent in investing so that one day we will have 1 bitcoin or even more than our patience
This days, based on the economy of so many countries, it is hard to purchase a whole Bitcoin because of the economy are not stable to the liking of so many people, however if one can by just little as the op already said, and continue to accumulate the same amount of Bitcoin he or she bought at first, as long as it is not affecting the investor, then I don't see no reason for the investor to hold back.Bitcoin is at the top of crypto currency in the marketcap and that means it is a good idea for us hold the ones we can even if it is not up to a hundred box or thousand box.
However, to achieve a whole Bitcoin, one really need to be so dem patient, because it can only take a discipline person nothing to achieve a lol he or she wants.
November 18, 2023, 01:47:04 PM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
As economists put it, I will say that bitcoin has a low entry. Literally anyone from any part of the globe irrespective of your economic status can invest with as little as they have. Simply saying that investing in bitcoin is very inclusive unlike other investments like gold or other precious metals, real estate, stocks and bonds, wrist-watches. Although this sounds great but there is a right and wrong way to invest in bitcoin. There is also a right and a wrong perspective about investing in bitcoin. You want to make sure that even though you can start investing with the little that you have, you want to invest the right way, like DCA and not keeping your bitcoins in centralized exchanges. In addition, the right mindset of investing in bitcoin is to not see it as a get-rich-quick-scheme. November 18, 2023, 01:37:07 PM
The fact that one can hold as little as 0.00000001 BTC shows that Satoshi knew what he was doing. Even with the ATH we’ve had so far, the tiniest bit of Bitcoin is worth little to nothing. This shows that even DCA doesn’t have a minimum required amount. If you want to invest, just be consistent with it, after all some people could buy 1 whole Bitcoin but end of selling it too fast (that’s not investment). The quote “Little drops of water makes a mighty ocean” explains the power of DCA investment method.
November 18, 2023, 01:26:50 PM
No investment that has no risk, this also includes Bitcoin. An investment without risk is considered perfect and obviously, Bitcoin which is known to also have risk is not a perfect investment in accordance with the context.
Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.
I am specifically talking about Bitcoin hodling. Not trading. Every investment has its own risk and people invest by knowing that. I am not talking about that risk and saying that it's perfect and has no risk. I am talking about investment plan. The future of Bitcoin is uncertain and I agree with that 100%. But it has its own reputation. And what I believe is Bitcoin is here to stay and it's not going anywhere soon. Maybe in the future but it's a risk that we have to take. Bitcoin market being volatile makes it a high risk investment asset but not a high risk investment plan. Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.
I think you got the point of what I am trying to say. You don't need huge amount of capital in order to invest in Bitcoin. For those people who are unable to invest huge amount, Bitcoin investment plan is the perfect one for them. But as always, one should never stop at only one thing. Diversification is the key and investing in multiple sector is recommended. Having low asset for investment does not give you the opportunity for diversification thus Bitcoin investment could be the perfect choice.
November 17, 2023, 06:11:35 PM
I agree with OP, you don’t need to be able to afford 1Bitcoin before you can buy. Bitcoin is currently sitting at a price well over $30k, not many people can afford to risk that amount to invest in Bitcoin, you can buy fractions of bitcoins and accumulate them overtime to make 1 whole Bitcoin, that’s the strategy many of us use to build our portfolio. This way, you buy at your own terms and don’t feel pressure to take loans or sell personal property to buy bitcoins.
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