Starting up a Bitcoin account - page 2.

Peanutswar

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Yes of course with tons of projects right there like NFT and airdrops you can accumulate profit somehow in those no investment requirements to participate, as start-up you can use those earnings to invest in Bitcoin, its not too late as of now after the halving and bullrun comes out people grab the opportunity to make gains in just a small time. You can still join with the bitcoin, still consider whats is your goal for long term or short term which is I recommend if you are totally a newbie to avoid getting frustrated what your investment.

Stablexcoin

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It depends on your difenition of hope here. Dont expect manners to fall from heaven there is hope if you ve started your Bitcoin investment. Being a beginner is not the problem because a forest was not built in a day. Every single penny invested in a fraction of Bitcoin will someday compound into hadfull of stacked Bitcoin. Consistent is the ultimate key, many might start but not all end up.

If it comes to hope there is hope but without work your hope is pointless. PUt effort to accumulate based on how much you can afford from time to time and watch your portfolio balance grow with time.

Sim_card

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You must not wait till you have big amount of money to invest in bitcoin, because bitcoin can be bought in Satoshi. Bitcoin invest is for all, both the rich and poor. With DCA method, you can buy bitcoin with little amount of money consistently every week or month overtime, and before you know it, you will be surprised with the amount of bitcoin that you have accumulated. However, if you can increase the money for DCA if your discretionary income has increased.

cryptoaddictchie

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Yes even the tiniest amount can buy bitcoin. Its not favorable to buy now since its going strong since last month but of course, if youll do a dca proper you could average your buy in within the market price. The bitcoin price is always on discovery so expect some more volatility. Buying bitcoin can never hurt you in the long run.

Zanab247

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Yes, you can start BTC investment with a little capital, but make sure you have the knowledge of BTC before investing the small money because there are bull market and bear market which investors use to take advantage of them to earn profit from the investment, which you can also earn profit if you know what you are doing. As a newbie in the industry, invest what you can afford to lose in BTC investment, Incase your plan get bad or fail you because BTC is unpredictable but there is no how you will invest in the bear market, you will not earn profits from bull market.

Hope you are not buying BTC now? And if you look at the market price at today, you will know that bull run is still on ground, because the price of BTC have pump higher to favour those who are selling their BTC.

reagansimms

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

This question is most often asked by novice investors, so the answer is "yes", Bitcoin can be purchased in very small fractions "Satoshi" which is the smallest unit of Bitcoin, if formulated then the amount is equal to 0.00000001 Bitcoin, so you can buy Bitcoin depending on the amount of money you are ready to invest. Basically, newbie investors need to start investing with small capital, the goal is to be able to learn and adapt to the highly volatile crypto market and you can also manage the risk of loss better.

Instead of investing in other coins, it is better to start buying Bitcoin regularly depending on the amount of money you are ready to invest. The reason I suggest choosing Bitcoin is because since its development in 2009 until now, the Bitcoin network has never been hacked, but cases of Bitcoin theft from Exchanges are common. So, when you already have Bitcoin, always increase its security and avoid storing it in an Exchange wallet.

Justbillywitt

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

You can start your bitcoin investment with whatever amount you have. It doesn't have to be a huge amount before you can start your investment. So there is hope for every investors. Bitcoin made it possible for all classes of people financially, to invest in it. If it were just meant for people with big money to invest, bitcoin wouldn't have been a perfect invention. Start with the one you have, and you can gradually be adding it as more resources keeping flowing in. Bitcoin is usually not just a one time buy, if you invest little cash today, and tomorrow another little cash comes in, you can invest again.

Mate2237

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Yes we f course. Though I don't know the country your are residing but if it is in my country, you can start bitcoin investment with just $2 or even $1. And if you have a good bitcoin investment plan, then you can invest the amount you can afford to invest every month or weekly. It you are investing with $2 or below then you to invest in long term for a minimum of 15 years. And that should give you a good amount of bitcoin. If you are investing with $2 monthly, it is $24 for a year and that should be 15 years, it should be $360 and it is a good amount of money.

But I know that if you are investing with that example amount, there are times you can make or purchase more that amount so the acquisition price will be unknown.

Reatim

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Quote from: ? on December 16, 2024, 08:27:20 AM

Is there a hope for a late comer like me? What direction to take? I can invest £150 for starters.

there’s always hope mate

and that amount is actually not that bad i wouldn’t recommend buying right now though because the price is really high though if you really want to get in before next year and take profit immediately then at least wait for when the price isn’t above $100k

or you can do dca method and just pick regular periods to buy bitcoin

first though start with finding for an exchange to buy or a wallet to store your btc

Dzwaafu11

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Yes, of course you can start bitcoin investment with a small amount of money, and then you continue accumulating more anytime you have money that you wish to be invested in bitcoin, although some people think they cannot start bitcoin investment with a small amount of money, which they are misunderstanding the concept. So OP, you can start up something, but make sure you know the risk and everything that is needed before you begin your journey of crypto investment; also, even though you will be investing small amounts, make sure you invest the amount you can afford to lose.

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

There’s no such thing as a bitcoin account. The correct term would be a bitcoin wallet. Before investing in bitcoin, you should read about bitcoin wallets:
[General] Bitcoin Wallets - Which, what, why?

And also search the forum for topics about DCA strategy:
DCA: the power of little beginning

Zoomic

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Your question is not comprehensive enough, maybe it would have been better if you tell us how little the cash is. Do you have a steady source of income that can help you invest in bits using the DCA method? If this is not the case, then whatever little amount of cash you intend to invest with matters alot. Now we are in the bull season, if the price of bitcoin eventually dip, your investment might likely get affected greatly.

So, if the cash available for you is very small
You do not have a stable source of income
And you are only relying on this your investment do give you profits within a very short period?
I will advice that you try to improve your source of income first so you can comfortably invest in bitcoin.

2Pizza410000BTC

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

Of course you can start but you can use any amount of money to start with in this case there is no specific amount that you cannot invest below that. If you think you can start with $10. I think it is better to start with a small amount if you are a beginner. If necessary you can gradually invest later using DCA method continuously. There is no rush in investing if you hold it for long term then you will definitely be much more successful.

But my advice to you is that the wallet in which you keep your investments should be very secure. If you cannot keep your wallet safe, your investments will never be safe. Store your wallet seed phrase in a place where no one can know and access the wallet.

kotajikikox

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Quote from: Jchris50 on December 15, 2024, 07:26:51 AM

Is there hope starting up a
Bitcoin with little cash,🤔

I am guessing you mean start investing to bitcoin? Because if so, then yes nothing is over. You might not be able to afford one whole bitcoin yet but you can definitely buy satoshis depending on just how much you can afford. Do not get demotivated looking at the current price of bitcoin. I used to think that I may be a little too late but I still bought some bitcoins and got pleasantly surprised to see just how much it grew over the past year. Do not be discouraged and just go buy some.

?

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Is there a hope for a late comer like me? What direction to take? I can invest £150 for starters.

Pmalek

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Quote from: betswift on December 16, 2024, 07:31:16 AM

It's not a sacred coin of sorts, it has its own reasons to be so loved and honored here and everybody else where crypto enthuthiasts are.

It set the groundwork for every other coin that came after it. Bitcoin showed the way. Everything that came after it and claimed to be the next big-thing and the new bitcoin failed. Many are pre-mined copycats whose purpose is to empower and enrich a selected group of people at the expense of end users. That's one aspect where Bitcoin is different.

betswift

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Quote from: aoluain on December 16, 2024, 07:26:56 AM

One of the benefits of Bitcoin is that you dont need a broker to act on your behalf, and there is no
limits big or small to which you can buy with which makes Bitcoin open to all big or small to buy
and its accessible 27 / 7 / 365 !

In terms of hope - there is always hope especially if you have a medium to long term outlook,
if you dont well then you just become a trader and make your gambles on buying and selling.

Hope should come only from the real facts.
Knowledge is key to have a real outlook on BTC.
It's not a sacred coin of sorts, it has its own reasons to be so loved and honored here and everybody else where crypto enthuthiasts are.

aoluain

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One of the benefits of Bitcoin is that you dont need a broker to act on your behalf, and there is no
limits big or small to which you can buy with which makes Bitcoin open to all big or small to buy
and its accessible 27 / 7 / 365 !

In terms of hope - there is always hope especially if you have a medium to long term outlook,
if you dont well then you just become a trader and make your gambles on buying and selling.

sunsilk

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Quote from: betswift on December 16, 2024, 04:40:21 AM

Quote from: sunsilk on December 16, 2024, 04:38:48 AM

Sorry OP but this might not be a concern of you or anybody but it really feels odd to me when someone says "Bitcoin account".

A bit odd for sure - but I think OP will learn and call it a bit otherwise in the future.
Grin

Yes, I do believe that. He's still new but it just gives me that feeling of being odd when someone mentions that be it vocal or written.

Quote from: betswift on December 16, 2024, 04:40:21 AM

There is always a room to learn and get more BTC for the times to come.

That will happen for sure. He only needs to check his status and what he's capable of investing in Bitcoin. It doesn't have to be his entire life savings just like what other did and fortunately, many of those succeeded.

But it's a different case and depending on what his plans are but what has been effective for most of us is with DCA which he has to learn the principle of it. It's very precise and simple strategy that everyone can do even the newbies.

?

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Quote from: Pmalek on December 16, 2024, 04:21:08 AM

If you have some money that you don't need to spend you can invest it in bitcoin and buy as much as you are comfortable with. Think long-term, not short-term. If you are expecting riches and wealth over the weekend, you might be disappointed. Let me give you an example. If you purchase $10 worth of bitcoin at today's prices, the value of bitcoin would have to jump to above $200.000/coin for you to double your portfolio and have $20 worth of BTC. Even if/when it does, you would only earn $10 with such an allocation. Bigger investments carry with them more risk but also greater rewards.

But don't think of bitcoin as only a way to increase your fiat and cash holdings. It's a way to gain financial freedom and escape traditional finance. That freedom allows you to transact with whomever and whenever you want, by sending and receiving any amounts. With banks, you can only do that if they allow you to.

OP should learn more about BTC and spend only what he is willing to work with. No need to scramble for last pennies and get them into BTC - that way, OP would probably not be able to hold for a long term.

Topic: Starting up a Bitcoin account - page 2. (Read 626 times)