Quote from: Z-tight on May 28, 2024, 05:50:08 PM

Quote from: khalidkhan82118 on May 28, 2024, 08:46:38 AM

It's impressive to see how much Bitcoin has grown over time! Investing in Bitcoin with a stimulus check certainly paid off for those who held on. Did anyone here choose to invest their stimulus in Bitcoin?

The post isn't about literally investing your stimulus check in BTC, but about how great of an investment it is to buy and hold BTC. It does not matter which 'check' you use, and you don't have to make a one time purchase of $1,200 dollars, you can buy lower amounts, and choose how often you want to buy. The message here is that BTC is a profitable asset in the long run, and not just that, you can control your money without the help of any central authority.

This is very true. Many people misunderstand bitcoin investment; they think that when they invest, they need to bring the whole price of bitcoin. That's also why there are many investors who are hesitant to invest in bitcoin. There are other options to invest in bitcoin little by little, such as DCA, or dollar cost average. In that way, anyone could invest in bitcoin at whatever cost they could afford at the time. For example, with a cost of 100 dollars, a person could bring bitcoin with an equivalent of 100 dollars, and little by little, an investor can keep doing it and just hold it and wait for the result.

That's the importance of patience in crypto currency investment. If you want to earn and maximise the profit without trading and other things and just relax while waiting, then holding an asset for a specific long term will give you that kind of profit that will surely be beneficial for the investor.