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Quote from: Bitcoin.com97 on May 23, 2025, 08:32:17 PM

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Keeping your Bitcoin in an exchange is really an unwise thing to do because if anything happens to that exchange in question, like hacking or internal theft, or like in the case of FTX, just know that you asset is gone, that's why it's advice to store your Bitcoin in a self custodian wallet like electrum where only you have access to, and one funny thing is that, most investors have heard of this statement before which is not your key, Not your coin, but they really don't understand what that statement mean, but in essence of all am trying to say is that keeping our Bitcoin in an exchange is a terrible mistake we should avoid by all means because once that exchange goes down, at that moment, your asset are gone.

(Repeated message, version 1) So if Bitcoin.com97 was saying that every week he was going to be buying $10 worth of bitcoin, then how frequently are you suggesting that he withdraws his bitcoin from the exchange? Every week? month? quarter? twice a year? yearly? or something else?

If Bitcoin.com97 sticks to $10 per week, then monthly withdrawals would be $40 to $50 each time. Quarterly would be around $130. Twice a year would be $260. Yearly would be $520. What levels of withdrawal are you recommending Futurexxx?

In my own opinion, it should be done at the earliest opportunity, but the major problem here is the amount involved, because $10 is too small to be doing that weekly because the fees alone will be reducing the fraction of the Satoshi bought.
So on that note, due to the amount involved, I think that the logical thing to do is to do it in his second acquisition, which is $20, wish might cost him only $0.50 in fees.

I think that any amount of money is not less to invest. Because many people can afford to invest $100 and many can afford to invest $10. It is better to have some amount than nothing. There are many people whose monthly or weekly salary is very less. At the end of the month or week, they have very little money to invest, so continue investing with it. If you invest $2, it is not less.

It's not like anyone can't decide on an amount he wishes to invest based on his financial strength, that has been what we've always advocated for, that people invest based on how desposed they are to finance but proper planning can also help you effectively invest the little amount you've set out for your investment.

Imagine you can only afford to invest $10 per week and you're also looking at how to ensure that you're not spending too much on fees weeks after week, you could maybe consider doing monthly accumulation such that you're going to be buying just once a month with $40. It might involve less charge while you're still not limited but can still attain the goal you've set for yourself as your monthly accumulation goal for the month.

Also, You saying that $2 can also be a potential accumulation amount for the week is something we have to look at and face the reality that such an investor might not be financially strong enough to get involved in bitcoin investment. If you're buying only $2 worth of bitcoin per week, realistically, it only means that you're going to accumulate less than $400 worth of bitcoin per year and even in five years time, the amount of bitcoin you would have accumulated would be too little to place you at a good profit as bitcoin price grows. Bitcoin generally favours those that have more capital so in addition to having a right investment plan, it's also necessary to work on having a good amount you're hoping to use in your investment.

I feel that starting your Bitcoin investment with $2 weekly should be something but it's better that such person buys monthly at $8. It's still something and it's better to be alow coiner than a no coiner. When that investor have started with such little amount, he can start looking for other means to increase his income as he's investing. The most important thing is that he's consistent and persistent fo keep his bitcoin accumulation ongoing with DCA overtime.

When he has gotten a second means of income or have increased his income, he can start investing aggressively with his extra additional income to increase his bitcoin portfolio fast. Bitcoin is a store of value and it is good for us to buy bitcoin and grow our portfolio for the future no matter how little the amount is. You can also trim down your expenses to enable have more discretionary income.