If this proces is reapeted using $100 in replacement of $10 weekly as regard to fuck you status, the approximately $2500 will be $25000. Now obviously your success depends on your level of accumulation. Meaning the profit increase has not been added yet, if the profit should be added, it could amount to a Total of $30k or $35k
As far as bitcoin investment is concerned, every investor should invest in bitcoin according to how much their discretionary funds can allow them to invest in bitcoin. Even though we are investing in bitcoin, we ought to go on vacation, enjoy life, and learn about other people's way of life. Investors should not invest in bitcoin in a way that they will find it difficult to solve their daily expenses. If $10 is what he can afford to invest in bitcoin every week, encourage him to do better and don't condemn his effort in trying to be among those people who will hold bitcoin, and remember the goal of every investor accumulating bitcoin for long-term is to accumulate the quantity of bitcoin they want to hold no matter how many years it takes them to achieve it. As time goes on, he can work on his income so that there will be a good income flow at the end of every week or month, which will allow him to increase his weekly bitcoin accumulation money.
I was expecting you to say that every investor that is investing in Bitcoin to have a limitation of what the invest so that when the market is against there will not feel disappointed and they will not feel depressed because as a new someone for cryptocurrency investment mostly in Bitcoin you have to know that the risk which is involved in Bitcoin is much and they have to understand that Bitcoin have two things neither you make a profit for the investment or you lose for the investment this things are the major things that is involved in cryptocurrency investment so someone
who is investing in Bitcoin so invest for what it can afford to lose not invest what it cannot afford to lose that should be the advice to anyone who is a beginner to bitcoin investmentfrom the way you are sounding I don't think you are talking about Bitcoin, this statement of investing what one can afford to lose is not for Bitcoin, this statement is used for shitcoins and traders, as a long time Bitcoin investor just don't be in a hurry to sell off your bitcoin and you won't have anything to worry.
And I disagree with you for saying the risk in Bitcoin is much the only thing that can make you lose your money in Bitcoin is if Bitcoin dips and never rise again and for now Bitcoin is still growing and has not reached half of it's growth limit, the other thing if he you are afraid or in a hurry and you sell when there's a dip, there's risk in Bitcoin but is not much.
If you hold your Bitcoin for a very long time you won't be in much risk and that is what it's always advised to hold your Bitcoin for long term.
Whether a person is investing into bitcoin, or buying shitcoins or gambling, they should be using discretionary income.. which is the money that is remaining after expenses are taken care of.... Also they are using money that they are not going to need for 4-10 years or longer.. which also should account for the possibility that the investment could end up going to zero... so the expression about not investing any more than you can afford to lose refers to not needing the money for expenses in the coming years and also in the coming 4-10 years or more.. and also realizing that it is possible to completely lose your money.. so you have to NOT be so emotionally attached with a belief that you are guaranteed to get the money back, which you are not guaranteed to get the money back, even if you invested into bitcoin, the best investment currently broadly available to anyone in the world.
Exactly, Mr. JayJuanGee what you said is absolutely right, it is advisable for someone to use discretionary income if he wants to invest into bitcoin, gambling or buying shitcoins. You can not invest your total funds in bitcoin investment or trading, bitcoin investment is very risky and so also trading, just because you started your investment with a huge amount of money doesn't mean that "the higher the capital the higher the return", you may loss your fund with blink of an eye, the possibility of earning profit that you have at the back of your mind, put at the back of it that there is also a possibility of loosing your money too, that is why it is often said that you should trade with what you can a to lose. Don't be so eager/impatient to make huge profits because it may land you in regret.
Where you use huge funds or small funds to trade from your discretionary income, you will still regret it in the long run because you will run at loss. This is why trading shouldn't be an option for a new investor because it is gambling. Throwing away you extra cash on trading is not the best when you can use such funds to invest in bitcoin gradually every week and build your bitcoin portfolio overtime for the future.
Some people think that trading is a get rich quick scheme, rather it is a way to steal the little bitcoin that you have. Invest in bitcoin and hodli, you will not run at loss but you will make profit because bitcoin is still in its transition stage and will get more matured in future. The size of your bitcoin is what will determine the profit, and this is why you need to buy bitcoin now and keep growing your bitcoin stash continuously to a great height because a time will come that only the rich might be able to buy bitcoin due to the expensive price.
I didn't mean that people should not invest in bitcoin, what I mean is that they should invest in it with discretionary income that they will not need anytime soon after all their expenses has been covered.
I admit that I said bitcoin investment is risky, but I didn't mean it the way you are taking it, no one will compare Bitcoin to trading in any way talk less of gambling. But I have my own reasons for saying that bitcoin is a little bit risky. Because there is nothing in this world that you will engage yourself in and it will be risk free, especially when it as to do with money, everything that have an advantage also have a disadvantage including bitcoin investment.
My reasons are as follow:
MARKET VOLATILITY: How can you invest in bitcoin with a huge amount of money after knowing about bitcoin's volatility, it price can volatile anytime because it is unpredictable and it may rise higher or lower anytime. For instance, let say you are a bitcoin investor, you are buying and you are also holding bitcoin, you have 3BTC and your calculations based on each bitcoin is $68, 614.47, and it price fall lower than that, how are you going to feel when you are expecting something greater. But if it rise higher then pleasure will be yours.
SECURITY RISKS: fraudster/scammers eyes are on bitcoin investors, and they are targeting them, you may be scam or your account may be hacked if care is not taken.
INVESTOR RISKS: some people will not have knowledge or understand anything based on bitcoin investment, but because their friend is a bitcoin investor and he is earning a lot of profit from it, they will also invest in it so that they should earn what their friend is earning. What did you think will happen to this people after involving themselves in bitcoin investment without knowing anything about it?? Greediness and fear can result in weak investment, if an investor is emotionally scared it will kill the investor's motivation.