Quote from: Z_MBFM on October 06, 2023, 05:42:29 PM

Bitcoin was a very difficult thing for a time but nowadays it is very easy to learn about Bitcoin because Google has many articles in the local language of each country, there are YouTube videos. Now investing in Bitcoin requires a good financial status. Because Bitcoin is a currency where the probability of loss is very low if one can hold it for a long time. So since the profit is sure, investing in Bitcoin does not require much knowledge. However, since Bitcoin is completely internet based, it is necessary to know the process of storing it securely and about a secure wallet.

This is sort of balanced argument and I agree with you mate. the amount of information available for free is enough to give anyone the knowledge they need. I have also come to understand that holding Bitcoin for long is the was to maximize profits and make the most of Bitcoin.

Investing in Bitcoin sure require some level of financial stability especially for those of us from low income earning countries where access to credit facilities is exclusively reserved for the rich and the politician and not easy to come by. So the only option left is to invest with our megger resources and hope it grown with time.

Consequently, I have been applying the DCA method that I learnt from this forum to be buying Bitcoin regularly even though they are small purchases. Looking at my portfolio now actually make me appreciate the beauty being systematic and committed to a course. Anyone of us can actually achieve a good portfolio if we apply the right knowledge and procedure, this is why I feel knowledge is very important.

Quote from: tjtonmoy on Today at 06:29:17 PM

One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.

The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.