Sarah’s journey began with careful research on platforms like CoinDesk and CoinMarketCap to understand the market dynamics. She chose Coinbase for its user-friendly interface and strong security measures. After setting up her digital wallet with Trezor, she bought $1,000 worth of Bitcoin in 2015. As she watched the market grow over the years, she continued to invest small amounts periodically. By 2023, her initial $1,000 investment had grown significantly due to both market growth and compound interest.
Q: Is Bitcoin still a good investment?
A: Yes, but it’s important to approach it with caution. Like any other investment, it carries risk. However, its decentralized nature and role in digital finance make it an interesting long-term play for those willing to understand the technology behind it.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.