Buying bitcoins little by little and withdrawing them to a personal wallet is the most effective way. I've been doing it for a few months and now I think I'm pretty successful even though I only have a few bitcoins at the moment. But I hesitate to buy again when the price of bitcoin becomes too expensive. Do you have an opinion? Unfortunately I just found out about this forum, if I knew about it a long time ago maybe I would have more bitcoins. Even though I've known about bitcoin for a long time, I was hesitant to start buying bitcoin for a long time before finally deciding to start buying it on binance
Knowing this forum earlier is not a guarantee that you would have started investing in bitcoin earlier on before now, your convictions about bitcoin as an investment asset has a lot to play in you deciding whether to invest in bitcoin or not. Even without coming to know about this forum, you were not just interested in bitcoin that is why many of the signs or maybe advises you’ve come about on the internet about bitcoin didn’t just convince you enough to invest in them. A lot of people here are convinced about bitcoin but without funds to invest, it becomes a wish that cannot be fulfilled for them. Maybe if you’ve said you didn’t have money to invest in bitcoin, it would have made more sense to the bitcoin enthusiasts here than you saying you didn’t find this forum earlier. A lot of bitcoin gurus are not here and their investment in bitcoin is going fine. Since you’ve found this forum now, I will say that you’re not late too, keep bagging bitcoin in your portfolio, you’ll be glad you did so in years to come from now.
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Yes I agree with you @mayor of ogba, allocating 10% to his investment is a good idea considering the fact that he is not financially strong enough to go beyond that which May affect his investment by being stranded along the road, having certain level of preparedness as regards to building up a strong emergency funds is actually what will help you not to depend on your investment to solve emergencies, it is better to go wimpy as low as 10% than having a retarded investment growth or being cut out along the line.
Allocating 10% of his total income into bitcoin investment is a nice idea and I think if he can stick to that for a long time, he would have accumulated a lot of bitcoin and got to the point of reaching his main target in his portfolio. 10% could be a good price to spare from his earnings, but for the months he can save more and put into bitcoin it would be better as he will reach is preferred target faster. Also, due to unforeseen circumstances the price might not be spared monthly for the investment, he can always readjust to fit in to what he can afford to invest for that month. The end goal is to have a portfolio with bitcoin flowing into it in designated timeframe and not a month skipped during that process of investment.