Quote from: Pikachi42 on Today at 03:40:23 PM

Quote from: Mayor of ogba on Today at 01:26:58 PM

Quote from: Pikachi42 on Today at 12:41:08 PM

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

Bitcoin is not a crop, Bitcoin is a digital asset that gives you total control over your money and no third party can decide when you can make use of your Bitcoin, and you can also send money to your friends at ease with Bitcoin.
Your strategy is only for the people who want to hold Bitcoin for the short term and this strategy will make you not get a good profit from your Bitcoin investment, and you can still miss out on Bitcoin because you will be waiting for the price of Bitcoin to drop, so you can rebuy but Bitcoin price keep make an upward trend. I will advise you to use the DCA strategy in accumulating your Bitcoin, the DCA strategy will also control the volatility part of Bitcoin on your Bitcoin investment. For instance, if you want to buy $100 worth of Bitcoin, you can divide the $100 into 10 places and use it to buy Bitcoin weekly until you accumulate the $100 worth of Bitcoin you want to hold.

Thank you very much for giving nice idea about Bitcoin. And I compared bitcoin to crops for example.

You shouldn't compare a digital currency with high volatile nature with a mere crop that doesn't have the potential to give good profits over time. Can you invest on any crop and keep it for up to 4yrs and above. Bitcoin is decentralized and has great potentials which makes it currently to be more profitable than any other long existing asset over time. Bitcoin should be compared with assest like gold and real estate that have the capacity to give you good profit after a long period of time due to their value. Crop are for consumption purposes and not for investment. I still see that you don't understand the potential that bitcoin has which is making institutions and investors pressuring for bitcoin ETF approval. If you don't have any bitcoin, you should buy now and don't waste anytime because bitcoin is an asset that is worth holding to be part of your life just like the way we always have fiat currency with us. Use DCA approach to invest in bitcoin and grow your bitcoin portfolio with time and only invest with the amount that you can afford to lose, since you just want to get started. Have an emergency funds ready and funds that you will need for your monthly expenses available so that you can hodli for long and increase your bitcoin investment.