I believe in investing in Bitcoin but I don't believe that an investor should invest a lot of money at the beginning of the investment. Suppose a person pooled his one year's income and invested in Bitcoin and I started investing with him. The difference between my investment with that person is that I invested the entire amount in bitcoins instead of saving money every month and also that person saved his money every month to invest more money in this case I would say I invested earlier than that person and my investment is more profitable. Having invested in Bitcoin before means that I have a better chance, since I can only afford to invest a certain amount of money every month, so why should I wait a long time to accumulate more money and then invest in Bitcoin?
As a child I read a story that a crow was very thirsty in a desert and he was trying to find a lot of water in the desert. While searching for water he finds a pitcher and some water collects at the bottom of the pitcher. The water collected at the bottom of the pitcher, the crow tries hard to eat, but his beak does not reach the bottom of the pitcher, so he fails after trying for a long time. When he can't drink water after trying for a long time, he comes up with an idea, the crow sees some pebbles nearby and he picks up one pebble with his beak and drops it into the pitcher. Bringing one pebble at a time, the bottom of the pitcher is filled with pebbles and the water in the pitcher rises to the top so that the crow can easily drink the water and he flies away to quench his thirst. This childhood incident coincided with your words today. Just as a crow is able to bring water up to a pitcher by throwing a pebble one by one, if we invest little by little over a long period of time, the amount of our investment will eventually be much greater than we can imagine.
In the story, if the crow had not been patient and if he had flown away, he might not have been able to satisfy his thirst. It's like a story, in investing, we have to be patient and try to invest little by little, only then we will get success like the crow.
If we delay our decision, we may change our decision. Maybe now I have enough interest to invest in Bitcoin and I don't have any financial need, I can invest in Bitcoin as easily now as I can in a year but I won't be able to invest in Bitcoin as easily. Maybe within this year I may face some financial problem due to which the money I am trying to save for investment will have to be spent on something else. If I can invest $200 every month then the price of bitcoin is changing every month and I can invest every time the price of bitcoin changes but the risk in my investment is reduced.
Suppose this month the price of bitcoin is 40 thousand dollars, this month I invested 200 dollars, the next month the price of bitcoin is 42000 dollars, then I invested 200 dollars, that is, the price of bitcoin is pumping and dumping at every stage, but my investment remains. On the other hand, if I invest all the money together, I don't get the opportunity to invest in every stage of Bitcoin price change.
I believe so much that if I can invest consistently then that investment is for me and I will definitely get something good out of that investment.
What is required in long term investing is decision making and some risk taking. Overthinking what we invest in can muddy the waters, and muddying the waters can change our investment decisions. As we will hold our investment for a long period of time, a small change in the market will not be a big obstacle for our investment. You are willing to invest and you have money to invest there is no need to delay invest your money in Bitcoin and hold it.
[/quote]