After being a long time crypto skeptic, I bought my first $50 in bitcoin. Any advice for a beginner? When do I make my first billion?

    Just bought my first $50 of bitcoin
    byu/bopenglish inBitcoin



    Posted by bopenglish

    17 Comments

    1. Live_Celebration7011 on

      First billion? If you wanted to make 1 billion from bitcoin realistically, you need to invest a little over 100 million at its current price. Now, assuming you ment 1 million, 1 bitcoin should get you there in 5-10 years. Maybe sooner, who knows. A little advice. Once your portfolio gets bigger, look intro getting a cold storage. I’d recommend a ledger nano X. That’s what I have, and it’s very easy to use.

    2. ProofOfSheilaComics on

      Welcome! Study Bitcoin, once you own it a switch flicks in your head and you learn more about it

    3. Congratulations!

      Everyone will tell you to DCA. I was skeptical but honestly, this really is the best way. It’s the least stress lol.

      Download Strike and set up a reoccurring purchase. After a week, there aren’t any fees. Plus, you can send to cold storage for free. Invest an amount that is comfortable for you. If there is a dip, try to buy a little more if possible!

      You will experience the ups and downs. But know that this is a long-term game. Stack and HODL!!!!

      Again, congratulations!

    4. Now do it again, every day, every week, every month, for the next four years, and you’re going to go far.

    5. Welcome. Id just say have a low time preference and learn as much as you can in the mean time. The Bitcoin Standard and The Book of Satoshi are my favorites.

    6. benjaminchodroff on

      Welcome! Realize you need to not touch your purchase for at least four to five years and set up a dollar cost average — keep investing small amounts *automatically*. Buy a hardware wallet before you hit a thousand dollars in assets and learn how to self custody. 

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