The First bitcoin investment in my life.
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.
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.
Plus ser, another additional shower thought.
I posted that you, as a newbie, will ABSOLUTELY be persuaded to buy a shitcoin, and if they prevail after resisting them with EVERY PART of your will, then buy the shitcoin inscribed or etched in the Bitcoin blockchain - Runes or BRC-20.
¯\_(ツ)_/¯
Because at the very minimum, we probably should own those assets that are in the superior blockchain with the least technical debt - Bitcoin.
Runes and Brc-20 are under the Bitcoin blockchain still it doens gurnattee that these shitcoins will be successful if Bitcoin do. The little advantage they have over other shitcoins is that the blockchain which they are under is more reliable and works better compared to other blockchains. Although shitcoins are still shitcoins not minding which blockchain its under. As long as its not Bitcoin i cant completely accept it as an asset which great value like Bitcoin.
I NEVER said that trading your precious Bitcoin will be a high probability path to success, NEVER. What I posted was IF a fellow pleb is persuaded to buy a shitcoin, then he/she buy a shitcoin that resides in a SUPERIOR blockchain with VERY little technical debt - Bitcoin.
PLUS, if fees get very high because of all the shitcoinery in the Bitcoin blockchain, then we can be confident that that's a fee market feature that will incentivize the network's security providers.
Since Bitcoin blockchain has one of the highest fees in compared to other blockchain, then in times of very high fees, then shitcoin investor will be forced to hold their coin till whenever the fees goes back to normal. What if the coin is dropping down. Am just saying that an investor will choose to invest huge amount into those shitcoins instead of directly investing in Bitcoin. I see no point in doing that though. However, its their choice to make.
Ser, please read my post. What you have posted is another discussion that's not in the context of what I have posted. I'm not trying to offend you, but let's not debate merely for the sake of trying to win the debate by using straw men.
Bitcoin investment should be done with your discretionary income and forcing yourself to invest when you don't have discretionary income, because you will end up selling your bitcoin at loss to take care of your needs. Like what BITCOIN4X said, since $300 can not take care of their basic needs, they don't need to buy bitcoin because it is like playing with fire and a dumb idea. Remember that a family man has more responsibility than a bachelor, and even at that as a bachelor, my expenses and yours cannot be the same.
What those government workers should do is to look for a second means of income, so that they can use part of that money to invest in bitcoin when they get paid. They can also trim down their expenses, and it is not also compulsory that they should invest with 10%, they can use 5% to invest or $10 to invest weekly through DCA till their income increases. No discretionary income, no bitcoin investment.
I understand all those guys who understand the potential of Bitcoin, the basics of investing and DCA and are ready to invest, but have no money for it.
This is a common story and it happens when someone has a small income, credit obligations, families or financial obligations for treatment.
I would advise such guys to look for a part-time job, or invest very small amounts, literally a few dollars. But this is important psychologically. This way, investors will feel their involvement, and this is important. After all, if they are really literate, then sooner or later they will find extra money and will be ready to invest significant money.
That's simply the actual situation for some people. That's probably why if some of you HODLers actually make something that can change your lives, use that wealth to help others, especially close relatives and friends.