Post
Topic
Board Bitcoin Discussion
Re: Young investors
by
franky1
on 16/05/2024, 21:19:20 UTC
As a young investors you don't need a million dollar before you investing I Bitcoin, you can start  by investing $200,$300,$500 everyday for 2 or 3 years, and you'll be a millionaire, and I know today that is how most people start up there Bitcoin investment journey and today they are millionaires, so that is also a way for the young investors to start their investment journey, thank you.

suggesting people can become millionaires in a couple years is bad precedent to set
also suggesting the minimum bar of entry of $200 per day is another bad precedent to set

lets do the maths
$200/day * 730 = 146,000 saved(not invested)
$500/day * 1095 = 547,500 saved(not invested)
suggesting someone can flip that $146k-$547.5k saved into $1m in 2-3 years is bad advice upfront
because some people may invest at the ATH meaning ending up waiting longer for the next ATH just to break even,let alone profit

the better advice is to say people can invest as little/much as they like, preferably amounts they dont want to risk losing on any investment
and where there is also chances of gaining more then the banking systems interest rates, and more then other investments. (depending on factors)