Quote from: Tmoonz on November 12, 2024, 03:04:43 PM

Quote from: aima55 on November 12, 2024, 11:06:49 AM

Hi Bitcoiners
Hello fellow Bitcoin enthusiasts! I want to share a personal story and seek your honest advice. Previously, I thought investing in BTC was only for whales and that small investors like myself wouldn't see significant gains. However, yesterday I saw a tweet from someone who invested $500 in BTC when it was at $82,000 and now their investment is worth $3,000! I felt regretful for not investing earlier and wished I had converted my money to BTC. Now, I'm considering a new strategy: if BTC's price drops a bit, I'll invest the money I have and convert it to BTC. Please share your honest thoughts - is this a good idea or not?

Bitcoin is not a quick and get rich scheme perhaps investment in Bitcoin shouldn't be done under pressure, you must understand the level of your risk profile towards whatever investment you want to get involve, it is a wrong for newbie to start having trading mindset because it can be emotionally devastating which is not good for a newbie, don't get worried for any unrealistic hypes you see online but rather with dca strategy of accumulating Bitcoin you can be buying Bitcoin at fraction with an amount you can be comfortable with either weekly or monthly irrespective of the price points without waiting, with consistency you can accumulate a reasonable size of Bitcoin over time while holding for as long as necessarily and possibly 4 to 10 years or more.

Thank you so much for this. I suck at maths, I didnt know how to do the calculations. Now I understood everytime