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    Author Topic: Start with the little you have, you don't need millions of dollars to own BTC.  (Read 841 times)
    bayu7adi
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    dont be greedy


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    November 17, 2023, 04:12:50 AM
     #41

    Accumulation can also be referred to as DCA ... however, I'm a bit skeptical about newcomers entering Bitcoin just because they see their friends making significant profits and are eager to buy Bitcoin. Newcomers usually don't understand that investing in Bitcoin requires patience; sometimes, it takes more than 6 months to truly see profits, or even several years. The mindset of instant profits should be kept away from those who are new to learning about Bitcoin; it's truly a poison that affects their emotions and only makes them frustrated because the price movements don't align with their expectations.

    They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.
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