Post
Topic
Board Economics
Re: Is there a formula for Bitcoin starters?
by
Lida93
on 23/10/2023, 18:23:27 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.
Bitcoin is a risky investment with a volatile market that can fall at anytime and remain there for as long as hell. Resting on it in getting profit based on your own target  is likely you be frustrated that you be forced to sell at a loss when your plans ain't met but the need for the more is pressing badly.

When investing in bitcoin it shouldn't be an economizing thing in the sense that you don't have to use money that your survival depends on to invest into bitcoin. Bitcoin investment is not a compulsory venture if you don't have the portfolio to be invested now you can always do that some other time when you have amount you can afford to lose and be patient with to be profitable.

I consciously don't introduce people without  a job or a dependable paying skill to bitcoin investment and this is a concept I wish others will embrace to avert issues.