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Topic: You don't have to buy one bitcoin at once (Read 242 times)

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: ?? on ??

Appreciate the wise words! Yeah I don't envision losing hope or focus. That $100 would have just gone to pointless stuff anyway. Would like to eventually contribute more, but we will see how the budget plays out

If you have some free time, you can get an additional job online and use that money to buy bitcoin. I personally do that and so far it turns out quite well. Still, a long way to go to get my first 1 BTC though.

Should be able to get extra $200 per month if you do it consistently.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: ?? on ??

My plan for the last couple weeks is to put $100 in at the start of every week. Hopefully can keep slowly accumulating this way. Obviously would take forever to accumulate entire coins, but hey, gotta start somewhere!

If Bitcoin becomes ultimately successful and globally adopted as a currency/SoV, it wouldn't matter in the end if you'd have one full Bitcoin or not, as chances are, things are going to be priced at lower denominations(bits, sats).

That's a decent strategy though, dollar cost averaging mostly works well regardless if it's a bear/bull market, as long as you stay consistent.

roosbit

member

Activity: 893

Merit: 43

Random coins :)

Quote from: ?? on ??

Good strategy hope you don't lose hope/focus along the way and sell your crypto stash, and just so your don't derail thought I share some words of encouragement from a famous Chinese proverb by Lao that says "A journey of a thousand miles begins with a single step" so if you start saving up a $100 every week or so before you know it 1 btc will be sitting in your wallet, start asap!
Good luck on your 1 BTC journey

Sharon121212

full member

Activity: 280

Merit: 215

Beside buying there several other ways to acquire bitcoin like faucet, mining
https://bitcointalksearch.org/topic/general-how-to-earn-bitcoins-1629118

Quote from: Coyster on June 19, 2019, 07:59:10 AM

you could sketch/map out an investment strategy(long term),and make it a mandate to buy X amount of bitcoin in X amount of time(either daily,weekly or monthly),

Draw out a plan today on how to acquire bitcoins this way, and sooner or later you'll be happy you did.

Bitcoin is not a fixed commodity and you purchasing in would depend on the price at that moment whether or not you would increase you capital or decrease your capital. So if you draw out a plan it would be constantly altered due to the volatility of bitcoin.

The main goal is not drawing up a plan to get one whole bitcoin but to maximize your profit and avoiding scams and fraud

Everyone must not get one whole bitcoin and some exchanges like luno states it that you can acquire a very low fraction of bitcoin

Coyster

legendary

Activity: 2184

Merit: 1302

Money constraint is one big investment impediment, you come across individuals who claim they cannot invest in bitcoin simply because it's expensive and not affordable to them, instead they keep trying out with other alternatives time and again, with the same outcome, it's either no profit at all(due to scam), or little profits that count for nothing.

Such individuals fail to put into consideration the fact that you do not have to buy one bitcoin at a spot, you could sketch/map out an investment strategy(long term),and make it a mandate to buy X amount of bitcoin in X amount of time(either daily,weekly or monthly),gradually as long as such investor is aware of patience being one important rule, he/she in a few years time can accumulate one bitcoin, and now that's a wise investment plan rather than putting money in ICO's simply because they are cheaper, you'll end up realizing you're losing money that could give you a heads start in owning one bitcoin and even much more.

Draw out a plan today on how to acquire bitcoins this way, and sooner or later you'll be happy you did.