Quote from: inearth on October 17, 2024, 05:40:24 AM

I started the first investment of my life today, it's a new experience for me. Although it is much less in amount, but I will continue it regularly, and thus hopefully one day my portfolio will be much bigger. I have high hopes for Bitcoin's potential and its future. So I will now convert this investment into a long term plan and invest regularly on a monthly basis. I have learned about DCA, and I am proceeding through this DCA from now on. For newbies like me, I say, research properly and keep yourself updated and go ahead with a long term plan with faith in Bitcoin, hope everyone can succeed in this journey one day.

Welcome for this great initiative of yours. You mentioned in a post here a few days ago that you have acquired a fair amount of knowledge about Bitcoin which you have already reflected by buying and investing some Bitcoins.

It is not a small amount. Nowhere does it state that you have to purchase a large amount of bitcoins at once to invest. But invest as much as you can afford. Bitcoin investment can be started from as little as $5. You can also increase the amount invested based on your earning power over time. You have just started investing i.e. you have taken your first step in investing. The first thing you need to do right now is to create a fixed source of income to convert your investment into a long-term plan and buy bitcoin regularly on a weekly or monthly basis. Through which you can relentlessly buy bitcoins constantly. Take proper planning to keep your investment for long term.

This statement by MicroStrategy CEO Michael Saylor may inspire new investors to make their investments long-term.

Quote

If you are going to invest in #Bitcoin, a short time horizon is four years, a mid-time horizon is ten years, & the right time horizon is forever.”
- Michael Saylor in 2022

https://x.com/Bitcoin_Teddy/status/1847349587113021841?t=0dwlbdwigV0Hbiz71UWBjQ&s=19