I first started with a very small amount of money to invest in Bitcoin. I once decided to borrow $1000 from my family to invest in Bitcoin but later changed my mind.I changed that decision to the fact that I am connected to a job and get a certain amount of money from it every week I invest a day of money from it in bitcoins. I do masonry work from which I get fixed amount money every week. I take one day's worth of money I get every week from this masonry job and invest it in bitcoins. That is 5 dollars worth of bitcoins, that is 20 dollars worth of bitcoins per month. I am trying to invest in dollar cost averaging (DCA) method every month.
I have been accumulating bitcoins like this for about nine months. But I have decided that when my source of income increases I will invest more in Bitcoins. I intend to extend this investment method up to four years and will do so. People who don't have much money to invest in Bitcoin can invest in Bitcoin using Dollar Cost Averaging (DCA) method. I hope that if I invest in Bitcoin for the long term, I will never be disappointed.
You initially decide to borrow $1000 from your family for investment but later you change your decision and decide to invest based on your income. It was the right decision for you because investment should never be done by borrowing money from others.
Investing in the future is very uncertain because if you invest here you cannot say for sure that you will get profit after some time but your investment may have both profit and loss. You invest in Bitcoin with a loan of 1000 dollars and after a few days of investment you suffer a bit and at that time your family needs 1000 dollars but you don't want to sell your investment and pay off your family's loan.
You are a mason and you earn 5 to 7 dollars daily but at the end of the month you earn 150 to 200 dollars. If you have an income of $150 to $200, the maximum cost for your family may be $100. Spending $100 a month still leaves you with $50 to $100 left over. Between $50 and $100, you might want to spend some money on other things, and some cash you might want to keep with you for future needs, and with the remaining money, you can easily manage your investments. Since you are a mason, I think that mason is always in demand and your job is permanent, since your job is permanent, you can invest in bitcoin regularly for nine to ten years if you want.
If you think about investing this way, it is actually much easier to hold the investment for a long time. New investors can definitely follow this investment method of yours.