You have a plan, but that does not mean "success" sometimes the path to get somewhere takes years and in the end there are so many things that add up; family, personal development, etc. So, If you achieve financial stability, it is icing on the cake.
Be careful with that premise of getting "rich" on the premise of simply having bitcoin. You have to have a life plan that involves the idea of bitcoin.
Without being selfish, we must think about the collective benefit implied by bitcoin being adopted as a payment technology, monetary protection, etc. And that may benefit us in the long term as a society but not individually, that is, being millionaires for having bitcoin.
Topic: This is my plan. - page 6. (Read 1542 times)
Looks good but you have to be very consistent. Well, Bitcoin is a world where peeps get started with huge motivation, sometimes from valid sources and sometimes out of thin air. They really think they would go and lock Bitcoin for the next 5 years but usually, many break apart when they see Volatility is a real bitch in the world of Bitcoin. Peeps start selling off below their buying price, and some start FOMO actions during a hyped market.
I hope your plan does add up all these events. You should clearly make plans about what would be your reaction to such crazy events. Specially look after halving. It's coming next year and things gonna get either ugly or beautiful. The fact that we have no idea what would happen makes it a more fun investment in terms of Bitcoin. Anyways, be long-term holder, good luck for making millions.
Consistency is important in almost every thing that we do in life but obviously this should be apply for the good things only and not in the evil one's. It is normal for us people to lose our motivation sometimes but as long as we can go back in the right track, I don't see that as a problem.I hope your plan does add up all these events. You should clearly make plans about what would be your reaction to such crazy events. Specially look after halving. It's coming next year and things gonna get either ugly or beautiful. The fact that we have no idea what would happen makes it a more fun investment in terms of Bitcoin. Anyways, be long-term holder, good luck for making millions.
We need valid sources more than motivation that only comes from thin air, so that we are aware if what to expect and we will stay calm during the storm. 5 years is a long commitment. I'm sure only a few are successful with it, but I think it's still valid if we will only sell some of our HODLings and keep the rest. We can also buy again at the dip to replenish the Bitcoins that we used up.
Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
Yes bro you are explained a truth reality by your image. This is exactly what happens to almost everyone because at first the plan works for a few days, but after a few days patience is lost and the investments are wasted in panic. Success seems very simple when planning but when faced with reality the road becomes very difficult. This happens not only in Bitcoin but also in other fields. But the few people who are able to implement their plans are the real successful person. So before planning it is important to be sure how much confidence you have in yourself I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.
A very nice plan. If you are able to do this then you will be successful. Bitcoin is a strong asset and investing in Bitcoin is a type of strong savings whose value is increasing day by day and will skyrocket in future. The value of each country's money is decreasing day by day relative to the dollar, but the price of Bitcoin is constantly increasing relative to the dollar. Sometimes bitcoin price correction and some negative news lowers bitcoin price but this is not a big problem because bitcoin price recovers very quickly. So I appreciate your such a nice plan. You can implement your plan. You have a nice plan. But should you always be careful that you are investing extra money in Bitcoin?
In my opinion it is always worth investing the extra money here. Money for which you have no problem in real life. If necessary, you divide your total amount further and invest a very small amount here. Keep more portion for your real life and deposit the remaining surplus here for your future.
There's a saying, "Invest only what you can afford to lose". And that is what we should keep in mind before we invest. But investing in Bitcoin is different from the first investment out there because I see that there is little to no risk if you only know when the accumulation phase begin. For me, now is the best time to invest in Bitcoin because the price is still very low and based on my analysis, a bull market has started. In my opinion it is always worth investing the extra money here. Money for which you have no problem in real life. If necessary, you divide your total amount further and invest a very small amount here. Keep more portion for your real life and deposit the remaining surplus here for your future.
I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin
If you don't need knowledge to invest in bitcoin then what are you doing in the forum? Having knowledge is important to understand the difference between assets and liabilities. Some people buy expensive cars thinking this is their asset and they will get back their money by selling them when needed which is especially wrong. As long as you are holding that car it is your liability because it will lose value over time and have maintenance costs.You can start investing in bitcoin right away but you need to have basic knowledge as well otherwise you will not be able to understand the risks associated with it. It's not like you start investing in bitcoin and forget about it. Other factors like how you can securely store your bitcoin, your profit target and how you are going to take profit in the future need to be considered.
You have a very good idea. And welcome to this field. Even though you are new, you have shown a lot of intelligence in your words. But you are new in this field so I suggest you take more time. Know bitcoin well. Know how to invest and when to invest. So the amount of money you want to invest is less amount of loss. And since you have stable income and you want to invest by maintaining everything properly then I say invest! Invest little by little and get enough knowledge about btc.
I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin
If you don't need knowledge to invest in bitcoin then what are you doing in the forum? Having knowledge is important to understand the difference between assets and liabilities. Some people buy expensive cars thinking this is their asset and they will get back their money by selling them when needed which is especially wrong. As long as you are holding that car it is your liability because it will lose value over time and have maintenance costs.
You can start investing in bitcoin right away but you need to have basic knowledge as well otherwise you will not be able to understand the risks associated with it. It's not like you start investing in bitcoin and forget about it. Other factors like how you can securely store your bitcoin, your profit target and how you are going to take profit in the future need to be considered.
And also before you get to know Bitcoin, you need to make sure that you understand Blockchain, which is the revolutionary technology at the heart of Bitcoin. And it is very important to know and understand the negative factors and risks that must be truly known and also know the solutions, and Bitcoin will be profitable for those who have knowledge, understanding and experience.
I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin
If you don't need knowledge to invest in bitcoin then what are you doing in the forum? Having knowledge is important to understand the difference between assets and liabilities. Some people buy expensive cars thinking this is their asset and they will get back their money by selling them when needed which is especially wrong. As long as you are holding that car it is your liability because it will lose value over time and have maintenance costs.
You can start investing in bitcoin right away but you need to have basic knowledge as well otherwise you will not be able to understand the risks associated with it. It's not like you start investing in bitcoin and forget about it. Other factors like how you can securely store your bitcoin, your profit target and how you are going to take profit in the future need to be considered.
You are free when you want to start with that plan but the later it is the more expensive the price, there is nothing wrong with that word but if your plan is well organized, think about an emergency fund before investing or together it is not a problem.
Planning is always a dream in Bitcoin, sometimes it is also difficult in the long term, but anyone can do it as long as they are consistent and a little patient while doing it, with the DCA method, one of the solutions for you to invest at varying prices is to find the average price later, then I hope you can still run it.
You need to think about it, if this has been done, storage is important and should not be exchanged as asset storage.
Planning is always a dream in Bitcoin, sometimes it is also difficult in the long term, but anyone can do it as long as they are consistent and a little patient while doing it, with the DCA method, one of the solutions for you to invest at varying prices is to find the average price later, then I hope you can still run it.
You need to think about it, if this has been done, storage is important and should not be exchanged as asset storage.
Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
Nice show of Image and yes , I can relate to this , as the crypto investment sometimes are easier said than Done.It's long holder btc road
But if you think of bitcoin as a dream, there may be another path for you. Because then there is no need for you to cross the road so hard. You just invest there and sleep peacefully. Like this photo you will cross the road in a helicopter (profit by investing in bitcoin). When the crossing is over (bitcoin goes up a lot), wake up and see that you have reached the point of success (investing profit).
Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
Nice show of Image and yes , I can relate to this , as the crypto investment sometimes are easier said than Done. Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
Same path in real life for genuine, trusted and long BTC holders?It's long holder btc road
In investing it is usually within the individual's ability but it is a very good plan but before investing its strategies should be known well. Bitcoin the first and most well known cryptocurrency is undoubtedly the top choice for long term crypto investment. The main reason behind bitcoin's popularity is that investors believe the value of the cryptocurrency will increase over time due to limited supply. Most investors also believe that bitcoin will continue to rise in value as fiat currencies weaken. Can start with small amounts at first despite the extreme shock of volatility that crypto markets offer the potential for huge returns has lured many investors into the space.
Investment is definitely what fuels our existence in the market. I've mapped out my intentions in the system, not getting sidetracked by the present condition of the market, while continually focusing on the positions for a solid market entry. The system is perilous; I wouldn't recommend any trader or investor to enter the market based on trends; at this moment, we simply monitor price actions because they are an extremely fundamental segment of the market, propelling projects into bull and bear swings. Adopting an adequate effective strategy would be beneficial to the system. Cold storage is better or use Electrum multisig wallet if you have two devices.
You can DCA bitcoin now when the price is low. You will see profit by 2024/2025. But if you see the price decreasing, do not sell for you not to sell at loss and for you not to regret that you sell because the price of bitcoin is going to increase and get the ATH.
Cold storage is always better especially if your aim is for long term hodling without trying to withdraw your coins anytime. And since you are planning to do DCA, then why not start it now while Bitcoin price has not reached its new all time high. Bitcoin halving is fast approaching so never miss the opportunity to dive with some profits that time. You can start doing the DCA while you are still planning continuously. You can DCA bitcoin now when the price is low. You will see profit by 2024/2025. But if you see the price decreasing, do not sell for you not to sell at loss and for you not to regret that you sell because the price of bitcoin is going to increase and get the ATH.
I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.
Even if you are new to the bitcointalk forum, your plan is definitely worth appreciating. From a salary of $300 if you can save $50 monthly in bitcoins after all expenses and emergency balance then you will have $600 in one year and if you can save and hold bitcoins like this for the next 5 years then it will undoubtedly become a big asset. If you have the ability you can increase or prolong your investment if you want. Of course, this is good practice especially for holding bitcoins. Moreover, you chose Electrum wallet, it is a very safe wallet for long-term investment. I would say that as soon as you can work according to your plan you will surely succeed. 
In investing it is usually within the individual's ability but it is a very good plan but before investing its strategies should be known well. Bitcoin the first and most well known cryptocurrency is undoubtedly the top choice for long term crypto investment. The main reason behind bitcoin's popularity is that investors believe the value of the cryptocurrency will increase over time due to limited supply. Most investors also believe that bitcoin will continue to rise in value as fiat currencies weaken. Can start with small amounts at first despite the extreme shock of volatility that crypto markets offer the potential for huge returns has lured many investors into the space.
I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.
Maybe this is where we should start? From the purchase of bitcoin. No need to write walls of text, no need to brag about the beginning of your “My bitcoin journey has started again”. Just do it. For yourself, and not for a “report” on the forum or to brag to friends. Less words, more actions. Otherwise, almost every second newcomer here talks about his “great” bitcoin plans and the beginning of an “exciting” adventure in the world of cryptocurrencies and bitcoin. Don't expect praise or encouragement for this. Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
https://imgtr.ee/images/2023/10/06/8b06ab560ee62e4bfe304e9688f238f7.jpeg
Same path in real life for genuine, trusted and long BTC holders? https://imgtr.ee/images/2023/10/06/8b06ab560ee62e4bfe304e9688f238f7.jpeg
You have a nice plan. But should you always be careful that you are investing extra money in Bitcoin?
In my opinion it is always worth investing the extra money here. Money for which you have no problem in real life. If necessary, you divide your total amount further and invest a very small amount here. Keep more portion for your real life and deposit the remaining surplus here for your future.
In my opinion it is always worth investing the extra money here. Money for which you have no problem in real life. If necessary, you divide your total amount further and invest a very small amount here. Keep more portion for your real life and deposit the remaining surplus here for your future.
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