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Quote from: Tmoonz on May 20, 2025, 03:12:02 PM

Quote from: Bitcoin.com97 on May 20, 2025, 08:01:29 AM

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it by myself, I will increase it overly as time goes on .

I understood the point at which you are not only investing based upon your financial abilities but as a result of the level of your understanding, it is a good thing that have decided to get the fucking started with the motive of increasing your investment allocation as your understanding increases too, there is nothing wrong being that conservative in the beginning of your investment because it has taken you from being a no coiner to a coiner, getting started is one basic and primary thing to do and it doesn't matter how much with the hope of improving other areas with passage of time. However, emphasis on taking care of your basic needs and only invest from your discretionary income to enable you have the peace of mind needed to grow your asset for as long as necessarily 4 to 10 years or more.

The mistake that most people make when investing in Bitcoin is the lack of proper decision-making. If someone can change their perspective, then they can take appropriate steps to invest in Bitcoin. Anyone can invest in Bitcoin regularly even with a small capital. If your goal is right and you use the right understanding, you can perform investment activities without mental worry. For long-term investment in Bitcoin, you should invest your earned money in Bitcoin regularly after meeting your biological needs and manage this investment for a long time, at least 4-10 years.

To sustain Bitcoin for a long time, you should create a prudent fund along with your emergency fund so that your Bitcoin is not disrupted by any natural disaster. This prudent fund will play an important role in your long-term investment in Bitcoin.

There cannot be any successful bitcoin investment without a commiserate stash of back up funds and emergency funds which makes this a first step in bitcoin accumulation.

I disagree with you on this sir on what you suggested as a first step prior to accumulating Bitcoin, the first step for anyone to get in and start accumulating Bitcoin is to figure out if they have have a discretionary income and how to buy your coin, you can improve in other things if actually you have your Bitcoin investment at heart, getting started will increase your curiosity for more knowledge and how best you can go about your investment in to other to be in a good standard and increases your chances of being successful, some one who has not started can not be as serious as someone who has started when it comes to looking for more knowledge and good investment practices to put in place including the various backup funds which you stated above.