Topic: Start with the little you have, you don't need millions of dollars to own BTC. - page 2. (Read 546 times)

Or worthless (just reacting on the bolded part), the future of Bitcoin is yet to be set in stone. So I believe most of us agree that Bitcoin's future is still uncertain.  Anyone can gain or lose money in Bitcoin investment and this does not separate Bitcoin from other forms of investment in terms of risk.  I am not against Bitcoin in fact I am supportive of it but I just wanted to keep myself in reality.

But I agree that Bitcoin and other cryptocurrency is unique since one can invest in Bitcoin in a very small amount and can start from there.


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 also encourage everyone who are both new and old to the Bitcoin Industry to continuously do their own research and see for themselves the beautiful opportunities and features Bitcoin brings to the table and the risks involved in it.

there are several small units in bitcoin like satoshi and mbtc and i will usually use mbtc as my measurement when buying bitcoin because i am comfortable with it, to be honest there are a lot of people out there who think that to buy bitcoin they have to buy 1, i say that you don't need to wait to have money to buy 1 bitcoin, just provide a few hundred dollars to buy a small portion of bitcoin such as 1 mbtc or 1000 satoshi, maybe you can tell this to your other friends, when they are interested in investing in bitcoin but are having problems education that buying bitcoin doesn't have to be 1 bitcoin.

Yeah, anyone who has such a mindset in this day and age should immediately change it otherwise they will keep on missing the opportunity to buy btc at different entry points.
Thanks to btc divisibility nature anyone can buy any amount of btc without needing to buy 1 full BTC. This should encourage small investors to own a fraction of the most groundbreaking technology in this present time. This type of post shows there is still more to do with btc awareness, after more than a decade of existence some people still don't know btc can be bought in fractions means there is more to be done.

You cannot just buy land with $10 or any property to be exact. And in any kind of investment or business you need a good amount of money to begin with. If it's not enough, either you are unable to start or you may fail after starting for few days or months. But that's not the case with Bitcoin. And this is the beauty Bitcoin holds. You can invest as low as $5 to $10 and keep adding to your investment which in the future will become big. This is the one unique key feature that Bitcoin has which made it reach this far.

Many will argue that Bitcoin is not the perfect asset for investment, but this doesn't apply to everyone. If you have huge amount of money and you know nothing about Bitcoin or maybe you know but you don't have the ability to control your emotion and you are just unable to hold it for longer period of time, that is not the best choice for you. On the other hand if you are low on money and can't afford to invest a huge amount, Bitcoin is the perfect choice for you. Keep on adding to your investment until you reach your dream. This is why Bitcoin is the best.

Not your financial advisor, do your own search. I am not encouraging or discouraging anyone to invest in anything [DYOR]

I can confirm your opinion that it is true. The fact is - buying in small quantities at regular intervals is something else called accumulation, it is advisable especially if they do not have a regular budget. They can buy 1 to 2 times a month on the dip - and this will certainly motivate them to grow and learn more about how the market works and so on.

Lump sum or periodic is fine as long as they are willing to do it - but most aren't brave enough to buy because they don't realize that now or now is the right time to do it. I suggest DCA if they are afraid of buying a lump sum if they are afraid of heights - to me it is a good choice to start.

Nice post. I didn’t learn anything new for myself, but it will be useful for many beginners and those who doubt investing in a bitcoin. Especially those who don’t know where to start and how.

What you described is a classic scheme for completing any tasks and achieving goals. Slowly, gradually, step by step, a long and difficult path is overcome. Whether it’s simply accumulating coins in a piggy-bank, or when building huge corporations. Nothing is created or accumulated in one day. But every day brings that happy moment of achieving the goal closer.

I know what I'm talking about, because this topic is proof of it - Beginers dream of becoming a Legendary, and my goal is Hero.

An important point noted by OP is that it is easier to take the first step (the first bitcoin purchase) for a small amount. I would even say that you need to start this way. This allows to test this technology, make sure that it is good and overcome some internal barriers that prevented you from doing this. I remember very well the moment when I wanted to make my first btc purchase, but I could not overcome my fear of the unknown and making a mistake, losing money by taking the wrong actions. A small purchase, I now realize, could help overcome this. But that moment has already been missed (bitcoin at 500-600$). Therefore, the first step should always be small. There is no need to try to jump over your head right away.

Well, the next stage is repeating these small steps (btc purchasing in small quantities). This also allows you to further average the average purchase price than if you bought once, but in larger quantities. There is no need to try to make one successful bet/ purchase. It is best to do this in periodically repeated small amounts.

There seems to exist a dilution in the minds of low income earners and those who have the impression that they don’t have enough to cater for their daily needs hence, invest in a highly unstable Bitcoin even when they know it’s a good investment.

In most cases, you have them hoping on a time, a time or more, a time when there resourcefulness can allow them that window of opportunity to take up the Bitcoin investment, a time they don’t even know to exists or could exist.
The bottom line to this is, you find them missing out on all the god opportunities of buying at a low and much better price than the later would present.

This is why there are denominations within Bitcoin and not capping it at the price for a BTC to be the least one can afford. There are the Sat denominations which in its accumulation over time could give you BTC1.
Take it up for a long term goal and use the DCA strategy to ensure you ain’t doing too much. Buy in bits and see far you would come in months.

You gain noting just sitting on the sidelines.

It's kind of like when you keep away a bit of money every month after taking care of your everyday expenses. The only difference is that the amount can go up or down with the the price of Bitcoin.
It's a bit similar to saving money in a regular bank, but in this case, we are putting our part of savings into bitcoin. If the price of Bitcoin goes up, we could end up with more money than we initially invested.
Starting small is better than not starting at all. this is called DCA strategy learn more about this here.

We have to understood too that there's people out there that are below the poverty line or even those that are living from paycheck to paycheck, investing in anything is the least of their priorities because most of these people that I've generalized are probably living in survival mode meaning that they can't afford to wait for anything long-term even if the benefits far outweigh all the disadvantages out there, yes bitcoin is a hedge but are those people able to play the waiting game? I don't think so. But for those that are able to do it, just do what the others are recommending like DCA, if it works for you then continue doing but if it's not then you can check out other methods if there are any.

True Due to the freedom of Bitcoin, anyone can easily own Bitcoin and that is why Bitcoin is so popular.  And because of this DCA can be invested in Bitcoin according to everyone's ability.  Even though Bitcoin gives so much freedom, it is able to give several times more profit than other digital assets.  And many have become financially strong by investing in Bitcoin.  Although there is risk in investing here because the price not only increases but also decreases many times.  So there is a lot of possibility of loss.  But if you think about investing in Bitcoin, you have to think long-term, then it will be possible to make good profit

I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone

We can't be sure when would be the exact outcome results of Bitcoin 10 years from now, but for sure we know that from its potential, it would be a huge amount of value. For that simple reason, if you really want to secure funds in the future, you should accumulate early as soon as possible since Bitcoin's value is currently cheap. You don't really need huge amounts to accumulate Bitcoin when you can start with small amounts as long as you have consistency and discipline like the DCA method. For some people, you don't really have to rush or be pressured especially if you can't afford to invest the money you have, but we're really running out of time as the halving is coming closer. Take it slow and find ways to have extra money to invest into Bitcoin cause it will eventually pay off in the end.

Everything about bitcoin continues to fascinate me. Satoshi that created bitcoin have just made sure it is easy for everyone to have access to. Unlike other currencies, there’s always a minimum amount you can use to afford an asset but bitcoin have broke that barrier. Satoshi, the smaller unit of bitcoin was invented when bitcoin was worth almost nothing, but today to even own some satoshi’s will make you a millionaire is some parts of the world. $200 is a very big sum of money that when spent without investing will get you alot and at the same time when invested will give you very little amount of bitcoin in satoshi.

Bitcoin inventor has already simplified everything for us, you can invest as little as possible and you’ll get a lot of profit in return base on your amount of investment.A lot of people that own bitcoin in their wallets today don’t own at least one bitcoin, the minority of them who are big company whales are those that own at least one bitcoin in there wallets. So, if the majority have less than one bitcoin, you have no excuse not to invest in bitcoin now with as little as you can afford now.


That is a misconception and your statement shouldn’t go like that when referring to bitcoin investment. Bitcoin is not an asset to be lost if you’ve invested and secured your wallet the right way. Bitcoin investment is just simple being able to withstand the market volatility and wait for the long term to reap the rewards of your investment in it. Bitcoin are not altcoins that you might be doubting if you’ll get a profit from it in the long run or not. For every of your investments in bitcoin; 1BTC will still remain 1BTC until you sell them out. And the price it will worth, and also; the basis of your profit to loss ratio will depend on the amount it was worth when selling when compared to the price it was when buying.

That's right, the best thing to do is to accumulate while still early or do the DCA method. We have no idea of what will happen in the future or what will be its value a few years after but one thing for sure, Bitcoin's value will not be the same as its current price today. Even with the smallest possible amount we can for investment is fine as we continue to make progress, the value of that investment will be multiplied once Bitcoin reaches a new ATH.

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

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.

Those who learn about Bitcoins and update the information for themselves every day will certainly come to the understanding that practice is always better than theory. Buying a small amount should motivate people to further study and invest regularly. Understanding that you are in the Bitcoin wave and owning it is certainly something many people want to have. But those who wait for the best price every time are probably burned by their expectations because they do not understand that the best price is called "now ”.

Without a doubt, getting into Bitcoin doesnt require a lot of money. Its about taking small steps and enjoying the trip. You dont need to see the whole thing right away. Be patient my friend. Begin with a small amount, like $10 or $20, and watch your finances change.

Your plan for saving boxes? A genius idea! This shows how important it is to be patient and consistent. We often think that buying is only for rich people, which is not true. Its not how much you start with that matters. The fact that Bitcoin is fractional is a game-changer that makes investing easier for everyone.

There is no such thing as the "perfect moment" or "bigger funds." Are you telling the truth? Little steps must be taken steadily. Its unclear. Tomorrow's $10 Bitcoin piece could be a prize! This is your word, right? For those who are afraid to take the jump, its a bright light.

starting to buy in small amounts is the right step for beginners who are still unsure about the security of bitcoin itself,
and there is no problem buying in millions of dollars if the person has free money without disturbing the main money in meeting needs,
the conclusion , whatever our investment is, that is the financial capacity we have, there is no need to force investment if it is only for prestige.

When people first get into crypto, they usually don't think long-term about their investments.  It's easy to imagine how much you could have now if you had invested heavily in bitcoin ten, five, or even just two years ago, or when you first heard about it and  back then bitcoin was worth a fraction of what it is today.  But instead of taking the slow, steady path with bitcoin, new investors get hyped up about the potential for big, quick gains from altcoins like dogecoin or shiba inu.  With their small investments they want that kind of overnight success. 

What they aren't considering is the higher risk with chasing those kinds of gains compared to bitcoins more stable growth over time.  I'd personally rather play it safer and go for slow and steady returns than shoot for the moon and risk losing everything.  But that's just me.