Quote from: CryptopreneurBrainboss on November 03, 2024, 11:07:54 PM

Quote from: pawanjain on November 03, 2024, 06:12:43 PM

I don't want to discourage anyone but I really don't think that investing $10 a week will reduce our financial risk.
If that was just for an example then it might sound okay but otherwise I would recommend investing at least few hundred dollars every week to have a decent stack of bitcoins to contribute towards our financial freedom along with other assets.

What about people that don't have that quantity of spare money to keep aside for investing, are you trying to say they don't deserve to invest in Bitcoin. What I think is, no amount of money is small and we should be investing base on our risk tolerance.

You can always save up that money and invest when you have a better quantity of dollars or any currency that you're using to invest without having to lose all your money to fees (network and exchange service fees).

No doubt $10 is small but for someone that earns less than $100 weekly, that's a big sacrifice that you're doing and one day it's going to be worth it. $10 multiply by 4 weeks that's $40, that's big in some currency like mine.

Assuming you can stay consistent for some months, in 10 months, that's $400 that you have invested and with that you can get a better profits when Bitcoin increases.

Even you know that I am not saying that the low earners don't deserve to invest in bitcoin but what I meant is that investing low amounts will return low profits.
Basically what I am saying is that we won't be able to achieve financial freedom with such amounts.
This is mostly for people who do have spare money but are reluctant to invest in bitcoin.
For low earners, I would advice them to invest whatever they can, as you say no amount of money is small and I believe that something is better than nothing.