Quote from: OcTradism on Today at 01:50:02 AM

Quote from: Fuso.hp on February 22, 2023, 06:14:08 PM

So I decided to sell my bicycle and invest in bitcoins. But since investing, the Bitcoin market has gradually started to decline. I invested with a small amount of money and from that small amount of money I lost like 5 dollars. But I am optimistic that I will definitely benefit from the amount I have invested.

What did you plan to to next after selling your bicycle for your first Bitcoin investment?

I think you should have better plans, work to get salary and use part of it as your savings but rather than savings, you invest it in Bitcoin. With this gradual accumulation, you are doing dollar cost averaging too.

https://dcabtc.com/

Bitcoin is in its bear market and any price you buy in a bear market is a great discount in a next bull run.

The idea of selling assets to invest in bitcoin is not recommended unless his bicycle is no longer used. I agree that we should go to work and spend some of our paychecks on investments rather than trying to sell assets for investment money. But also should not use savings to invest, saving is for emergencies, and one should prioritize saving before considering an investment. If you don't have enough money to invest, work harder, and save as much as possible, and you will have money to invest. Investment is very risky, so we do not need to be too hasty.