Quote from: Zaguru12 on February 07, 2024, 10:45:17 PM

Quote from: The Cryptovator on February 07, 2024, 08:26:36 PM

And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.

This quoted part is one thing that new investors needs to understand, bitcoin has its fractions or smaller United called Satoshi and with this fractions one can simply invest just any amount that can afford to invest in bitcoin without having to own a single bitcoin. But the problem with people is that they want go in with a large amount into bitcoin mostly because the larger the amount the more the profits when it raises. But bitcoin investment isn’t only about gaining profits but also it safeguards your money from inflation face when it is in fiat currency. Leaving your funds in local currency only makes it lose its value because of inflation but bitcoin as a store of value is an inflation hedge.

As a new investor one needs to Just understand how to gradually increase one’s Bitcoin portfolio and this is been helped by doing DCA this way you get not to think of either price will come down or raise again but can buy at just anything time

Investors with such mindsets forget that a room was not actually built in a day, procrastination is an enemy of success, obviously many investors want to dive into the market big and get out bigger, thereby standing on the sidelines and waiting for when they will buy a whole 1 Bitcoin, forgetting that time is precious and it does not wait for anyone, even as we speak many are hoping that BTC will go down to $25k so that they can buy, and they will keep waiting until they see Bitcoin at $100k, and these are categories of investors that usually FOMO in at the top and get crushed and would later call Bitcoin a scam because they don't understand the market.