Quote from: lixer on Today at 05:09:01 PM

Quote from: Pablo-wood on October 21, 2023, 05:41:12 PM

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

There is no formula for that, all you need to do is make sure that the money you are investing in Bitcoin or any other cryptocurrency isn't going to be needed anytime soon because it can take time for the market to turn your investment profitable so that you can either sell them all or take some profit and keep the rest. That's why, you shouldn't make any investments if you can't afford to do that and don't invest the money that you might need in the near future.

A lot of people make this mistake, particularly new investors, they invest the only funds that they have at the moment and expect that they will get profits very quickly which might happen on some occasions but it doesn't work like that all the time because the cryptocurrency market is highly unpredictable.

This is something that you must do in the first place on which investing only on the money which you can afford to lose or not something that you would really be using on day to day living.Once you do put up some investment on crypto then make yourself that those amounts to be lost up forever. Or shall i say that on the time that you had invested then you should really be totally forgetting it and never ever tend to pull out those money on the time that you are in need but if you dont really have no choice on which this do involves life and death situation then it wont really be that bad on taking those yet there's no such thing on this world
that would be more important than with our loved ones but as much as possible if the problem isnt correlated to this then as much as you can then it would be wise that you would really be needing to find up solutions and dont directly pulling out those crypto investments easily.

Being small time investor or trader isnt bad, just dont make yourself that imagining on getting in line with those rich fellas because once you do have this kind of mindset then most likely you would really be that
getting having that kind of unrealistic approach on which it might really be that ending up for you to make decisions which arent supposed to be done.
Just stick with your own pace and dont rush anything up, act according into your financial standing and capacity and dont try to mimic out those rich people because
it would really be just putting you up in harm instead on benefiting from it. Its fine to have an inspiration but of course you would really be needing to act for yourself.