Post
Topic
Board Economics
Re: Is there a formula for Bitcoin starters?
by
SmartCharpa
on 23/10/2023, 18:19:11 UTC
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.

It is not advisable to begin an investment with a small amount of money that you may need later on. This is because, no matter what, a financial situation will eventually come up that will force you to touch your investment at that point, and if you are losing, you will have no choice but to sell it. Therefore, I can advise you to begin investing, even if it's with a small amount of money, but just be sure you have another job that is paying to deal with other issues because you cannot rely on bitcoin investment and be thinking you are doing something with your small amount of investment. Investing in bitcoin might not be able to fix all of your issues at once. But if we have other individuals working for us, I think there's nothing to worry about. This is why some people claim that investing in bitcoin is not appropriate for everyone.