Quote from: avp2306 on Today at 09:02:17 AM

Quote from: jrrsparkles on January 08, 2024, 08:53:46 PM

Quote from: JayJuanGee on January 08, 2024, 08:41:38 PM

Another thing is that people sometimes will get mixed up with exchanges versus holding their own bitcoin, so if you keep your coins on exchanges, there are some risks with that, yet personally, I am o.k. with beginners keeping coins on exchanges until they start to get to higher numbers, such as $500, $1k or even more, and then once you get to those higher amounts, then you should be figuring out ways to move some or all of the BTC that you have on exchanges to private wallets. In recent times, it can be expensive to move a bunch of small BTC transactions.

I agree, anyone who is buying Bitcoin on a small scale should kept their BTC in the exchange itself because withdrawal fees are insane due to market congestion which is an ongoing issue since Nov so obviously the withdrawal fee on most exchanges are around $40 so I wouldn't withdraw unless I have around $500 or let's say once in a couple of months for someone who is been investing using DCA every week.

Withdrawing via LN is an option but definitely I won't recommend it for a beginner because they could mess up with opening LN channel and lose their BTC, so the good choice is keeping funds in exchanges but not for too long as well.

Having that $40 is better than nothing so if that is the amount which a user can avail then its good since from that he may have chance to use it for DCA or decide just to save it for long term hodl. People just need to know their intention for investing on bitcoin since once they set a good plan for it for sure that everything will smooth on all decisions they made.

Yep, an investor must understand how much he is investing and how much return he expects against it. Nowadays a person can certainly change his financial situation in one way or another if he wishes and has interest.

If $10 worth of Bitcoins can be deposited regularly on a weekly basis then it is not impossible to expect good return on investment over a long period of time. In this thread we are advised how we can hold our bitcoins and in what ways we can grow our long term bitcoin portfolio without any problem. Holding Bitcoins is not very difficult for those who are big investors. But there is a lot of discussion and advice given to those who are ordinary investors and how they can become big holders of Bitcoin in the long run by following DCA.