Buy Buy Buy or Sell Sell Sell?

[Promocodeudo]

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

Yea that's a fact, new investors are troping into Bitcoin investment and also existing investor has deem it necessary to keep accumulating Bitcoin, the new investor mindset or aim of investing is what we may not be certain about but in all there decision maybe as a result of the recent upsurge been experienced in Bitcoin price, be it as it may, any investor thats still playing mind games after seeing and experiencing the current mindset of Bitcoin, is on a long thing, though there is no doubt to the fact that many investors has started seeing Bitcoin as a long-term investment that it is and thereby desisting from their initial gamble in and gamble out stuff of thing they do earlier in form of short term investment, though in every investment there are people that must try to bypass some protocols in other to push for unrealistic goals and I believe that in Bitcoin investment those set of person are known to be very inquisitive to make quick profit which may not come as the plan it to be.

Buddy your advise to those investors was nice, you have help them to escape such a wrong move to go about Bitcoin investment but that's if they have taken your advise into consideration, though I don't know if they really understand that   Bitcoin is a long-term investment or may be they choose to follow their mindset even with the knowledge that Bitcoin is better for a long-term than short term, another thing is, if they really know about DCA method of Bitcoin investment, the investment they have may just be one time investment, may be they invested and keep waiting for 1year to come so that they can sell, if you get in contact with them again you can tell them more about DCA method of accumulating Bitcoin with the amount they can consistently buy bitcoin with at all season and hodl for a long-term, also tell them that this approach will  enable them not to panic or sell prematurely because they won't be burdened or stressed since they are accumulating with the amount they are comfortable with in long-term.

[xbartoni]

~Snip

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

A poor person struggles through various situations and constantly seeks sympathy for being lucky. But he keeps trying to get rid of poverty and in the end he loses control of himself by getting overwhelmed by failed emotions. Due to lack of proper knowledge education, one gets immersed in difficult situations. But I think that the poor person is constantly earning to protect his family, if someone teaches him the right direction or gets good advice from someone, then maybe he can get rid of this curse of poverty. He can also participate in Bitcoin investment and can write his name in the list of rich people. He can invest a part of his daily income, let's say his daily income is $ 5 dollars, he can invest $ 2 dollars in Bitcoin from there and by investing in this way, he can become rich by getting a high return during the good season of Bitcoin, this is true and real.

[Ricardo11]

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

I agree with you, for a person to be successful, it is not enough to have capital alone, the real thing here is to use your talent and time properly.
If you do not use my talent and time in the right place, then even if you have capital, you will never be able to achieve success.
You are right that in today's era, it is possible to earn Bitcoin through various airdrops, or freelance work, and for this you do not need any kind of capital, but you have to use your skills and talent here.
To be successful, you have to try yourself and believe in yourself, no one else will come and do anything for you, or no one else will pave the way for your success, you have to work hard for your success.
To take advantage of the future opportunities of Bitcoin, you have to start investing now. Do good work, earn money and invest in Bitcoin, and hold on, it can bring life-changing success in the future.

[JayJuanGee]

~Snip

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

A poor person struggles through various situations and constantly seeks sympathy for being lucky. But he keeps trying to get rid of poverty and in the end he loses control of himself by getting overwhelmed by failed emotions. Due to lack of proper knowledge education, one gets immersed in difficult situations. But I think that the poor person is constantly earning to protect his family, if someone teaches him the right direction or gets good advice from someone, then maybe he can get rid of this curse of poverty. He can also participate in Bitcoin investment and can write his name in the list of rich people. He can invest a part of his daily income, let's say his daily income is $ 5 dollars, he can invest $ 2 dollars in Bitcoin from there and by investing in this way, he can become rich by getting a high return during the good season of Bitcoin, this is true and real.

Your ideas of poor and rich seem a bit perverted, since there are all kinds of variations in terms of starting points and the various ways that a person might be rich or poor depending on what kind of resources that he has available and then his abilities to manage the resources to his advantage or not.

An overwhelming majority of poor people may well be struggling to live within their means, which surely will mean that they have little to no discretionary income, so even if they build good habits in order to increase their discretionary income by increasing their income and/or cutting their expenses, it could still take them 20-30 years or more to work themselves into a position of not being poor... yet at the same time, they may well need to continue to make sure that they have discretionary income and to invest their income in to bitcoin and to manage that they have an emergency fund and other back up funds in order to continue to build their bitcoin stack size, and surely for some people the building of the stack will take longer than others, depending on if they can continue to invest into the bitcoin and to not withdraw from it (or spend it) so that it can compound in value, yet even the compounding in value is not going to help them very much if they are starting with a relatively small amount and if they are not continuing, ongoingly, persistently and consistently putting value into the bitcoin as much as they are able to do without overdoing it.

So, even the movement from being poor to being rich is a process in which it might not even be clear, and really if a person ends up continuing to invest into bitcoin, it is likely that his system of building back up funds is going to get larger and larger, so he will have money that he can spend on whatever he wants, yet part of the ongoing secret to building the wealth and continuing to build is to live within his means in such a way that he keeps building his bitcoin stash and the more value that he is able to get into the bitcoin stash, then the more likely the bitcoin stash will compound, and it could take several cycles before he really moves from being poor to rich, yet having various stages and signs of progress within the passage of time, and sometimes potentially even questioning how much progress that he is making... but to keep building his bitcoin stash, while the value of the bitcoin may well go up and down a lot and have a lot of extreme changes in value while he continues to buy it, build it, learn about it, improve his various techniques, and hopefully also secure it in meaningful ways.

[Samlucky O]

~Snip

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

A poor person struggles through various situations and constantly seeks sympathy for being lucky.

I don't understand what you mean by this phrase "constantly seeks sympathy for being lucky"Although a poor person struggle to become Useful by looking out for help and sometimes they get luck finding who is sympathetic to help them, but not in most cases. if that is what you mean.

But he keeps trying to get rid of poverty and in the end he loses control of himself by getting overwhelmed by failed emotions. Due to lack of proper knowledge education, one gets immersed in difficult situations.

I don't think it's due to lack of education that one gets immersed in difficult situation. Because surely educated people do get into difficult situation too. Being skillfuly productive at times, is better than most educated person without skill. Surely education is the key to success but in most cases even uneducated person becomes successful because the mitigate every opportunity that comes there way. One most important thing is being smart or work smart with your skill then you can become successful.  The reason Most people are poor is because they are poor  inwordly. meaning they lack planing of what next to do when they have money. and when they get the money they fail to utilize it properly and this has nothing to do with education or not.

But I think that the poor person is constantly earning to protect his family, if someone teaches him the right direction or gets good advice from someone, then maybe he can get rid of this curse of poverty.

Actually it depends on the kind of person involved, some people will elevate from poverty to rich if they are given such oppotunity but some will remain stagnant. firstly if  the person in question is the type that is stagnant, he need to improve in mindset being from negative mindset to a positive mindset before help can be renderd, otherwise helping a poor minded person will yield nothing than being repetitive in same action. 

He can also participate in Bitcoin investment and can write his name in the list of rich people. He can invest a part of his daily income, let's say his daily income is $ 5 dollars, he can invest $ 2 dollars in Bitcoin from there and by investing in this way, he can become rich by getting a high return during the good season of Bitcoin, this is true and real.

You didn't specify if the $2 investment is daily or weekly maybe I think it's $2 daily x7days =$14 weekly meaning it will take a long time to invest an amount that will make a person successful except it depends on the level of the persons success, since each of us has our level of success.

[Tonimez]

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.
[/quote]

I agree with you. The truth is that bitcoin has come to stay. Following the recent enactments by the United States and the Russian governments on Bitcoin, I don't see bitcoin going  so low for long. Even though recent investments from top investors which led to this home, there are still hopes of future investors.

Short term investors are mainly doing so because they invest above what they can dispose. Discretionary investors are the hope of bitcoin and  will always be the real benefactors of bitcoin in the future.

[SuperBitMan]

~Snip

All what you have explain here is acceptable but I still don't believe that some one who is poor can do well with his Bitcoin investment or hodl for long without selling them off because I don't see how a poor man who bearly feed well can handle Bitcoin investment because he or she will definitely sell off or kick off the game when challenges may accur, like if what I understand by been poor is what you meant, a struggling man can't be able to accumulate Bitcoin and hodl for long because family challenges will be there personal needs will also arise unless such poor person has been making saves for long for his discretionary income and emergency fund and also a strong source of income before he can be able to accumulate Bitcoin and HODL for long.

Many poor people have changed their fate with bitcoin and that is a fact, not just words. Poor here may not be without income, but they are people who have income without more wealth. They set aside their income to invest in their brains to gain knowledge and then skills, this makes them grow and develop until they are able to continuously produce bitcoins through various means.

Getting bitcoins and accumulating them can not only be done by investing, but you can still get them in several ways. You've probably heard of airdrops and bounties, then signature campaign, then various skill contests and others. They can even offer their services to produce bitcoins which are then accumulated into lots. This is the success of a poor man from bitcoin, so it is not solely because he invested money to get it.

A poor person struggles through various situations and constantly seeks sympathy for being lucky. But he keeps trying to get rid of poverty and in the end he loses control of himself by getting overwhelmed by failed emotions. Due to lack of proper knowledge education, one gets immersed in difficult situations. But I think that the poor person is constantly earning to protect his family, if someone teaches him the right direction or gets good advice from someone, then maybe he can get rid of this curse of poverty. He can also participate in Bitcoin investment and can write his name in the list of rich people. He can invest a part of his daily income, let's say his daily income is $ 5 dollars, he can invest $ 2 dollars in Bitcoin from there and by investing in this way, he can become rich by getting a high return during the good season of Bitcoin, this is true and real.

Your ideas of poor and rich seem a bit perverted, since there are all kinds of variations in terms of starting points and the various ways that a person might be rich or poor depending on what kind of resources that he has available and then his abilities to manage the resources to his advantage or not.

An overwhelming majority of poor people may well be struggling to live within their means, which surely will mean that they have little to no discretionary income, so even if they build good habits in order to increase their discretionary income by increasing their income and/or cutting their expenses, it could still take them 20-30 years or more to work themselves into a position of not being poor... yet at the same time, they may well need to continue to make sure that they have discretionary income and to invest their income in to bitcoin and to manage that they have an emergency fund and other back up funds in order to continue to build their bitcoin stack size, and surely for some people the building of the stack will take longer than others, depending on if they can continue to invest into the bitcoin and to not withdraw from it (or spend it) so that it can compound in value, yet even the compounding in value is not going to help them very much if they are starting with a relatively small amount and if they are not continuing, ongoingly, persistently and consistently putting value into the bitcoin as much as they are able to do without overdoing it.

So, even the movement from being poor to being rich is a process in which it might not even be clear, and really if a person ends up continuing to invest into bitcoin, it is likely that his system of building back up funds is going to get larger and larger, so he will have money that he can spend on whatever he wants, yet part of the ongoing secret to building the wealth and continuing to build is to live within his means in such a way that he keeps building his bitcoin stash and the more value that he is able to get into the bitcoin stash, then the more likely the bitcoin stash will compound, and it could take several cycles before he really moves from being poor to rich, yet having various stages and signs of progress within the passage of time, and sometimes potentially even questioning how much progress that he is making... but to keep building his bitcoin stash, while the value of the bitcoin may well go up and down a lot and have a lot of extreme changes in value while he continues to buy it, build it, learn about it, improve his various techniques, and hopefully also secure it in meaningful ways.

You are right, as a poor person the process of building one's Bitcoin investment will take more time than expected especially when he has no emergency and other back up funds because he will start building those funds a long side with his or her Bitcoin investment and because his or her discretion income is small building those things together will take a very long time.
One thing that also prolong the journey for a poor man is excessive emergency issues when his having too much emergency issues it will be hard for him to build up except those emergencies are within the means of his discretion income if is not then it will be impossible for him to build up his Bitcoin because those emergencies will eat up all his back ups funds and his Bitcoin.

[JayJuanGee]

[edited out]

You are right, as a poor person the process of building one's Bitcoin investment will take more time than expected especially when he has no emergency and other back up funds because he will start building those funds a long side with his or her Bitcoin investment and because his or her discretion income is small building those things together will take a very long time.
One thing that also prolong the journey for a poor man is excessive emergency issues when his having too much emergency issues it will be hard for him to build up except those emergencies are within the means of his discretion income if is not then it will be impossible for him to build up his Bitcoin because those emergencies will eat up all his back ups funds and his Bitcoin.

Part of the goal should be to build up back up cash so that he is not getting into emergency situations, and yeah, you are correct, that a guy with low discretionary income, he will constantly be fighting to figure out how to keep building his back up funds and his bitcoin and there may well be periods in which he is not able to buy bitcoin, and hopefully he can have systems in place so that he does not have to sell his bitcoin also... and yes.. not easy.. and each person has to figure out the extent to which he can even invest into bitcoin.. and if he has enough discretionary income to actually be able to invest in bitcoin.. including that if he is actually misclassifying his funds as discretionary when they are actually needed to be in his back up funds or his emergency funds because he already has cashflow issues that might relate to the amount of cash coming in being too low and/or the amount of his expenses being too high.

[SuperBitMan]

[edited out]

You are right, as a poor person the process of building one's Bitcoin investment will take more time than expected especially when he has no emergency and other back up funds because he will start building those funds a long side with his or her Bitcoin investment and because his or her discretion income is small building those things together will take a very long time.
One thing that also prolong the journey for a poor man is excessive emergency issues when his having too much emergency issues it will be hard for him to build up except those emergencies are within the means of his discretion income if is not then it will be impossible for him to build up his Bitcoin because those emergencies will eat up all his back ups funds and his Bitcoin.

Part of the goal should be to build up back up cash so that he is not getting into emergency situations, and yeah, you are correct, that a guy with low discretionary income, he will constantly be fighting to figure out how to keep building his back up funds and his bitcoin and there may well be periods in which he is not able to buy bitcoin, and hopefully he can have systems in place so that he does not have to sell his bitcoin also... and yes.. not easy.. and each person has to figure out the extent to which he can even invest into bitcoin.. and if he has enough discretionary income to actually be able to invest in bitcoin.. including that if he is actually misclassifying his funds as discretionary when they are actually needed to be in his back up funds or his emergency funds because he already has cashflow issues that might relate to the amount of cash coming in being too low and/or the amount of his expenses being too high.

In a situation where a person's necessary expenses is bigger than his or her income or the cash coming in then the person can't go into Bitcoin investment is impossible because at this point he or she has no discretion income, his income is not even enough to settle his necessity such a person can't manage in going into Bitcoin investment because there's no funds for such, however if the situation is the other way round where the person's income or cash coming in is a little bigger than his or her expense that means he or she has a discretionary income and no matter how small it is he can still invest in Bitcoin with it but his or her accumulation journey will be very slow compared to someone who's income or cash coming in is so bigger and larger than his expenses meaning his discretion income will be a very big one.

[BITCOIN4X]

~Snip

Of course, another way for a poor  person to get bitcoin is by earning it, yet he still is ONLY able to hang onto his bitcoin if he has a discretionary income or the extra bitcoin that he earns is above the monthly costs of his expenses.

Of course, it's difficult to hold bitcoin for long term that are earned straight away like I explained, especially if they don't have any other side income. It's still reasonable to think they could keep a few percent of all that bitcoin for long-term investments, but most of it would be sold for daily or monthly needs. There's nothing wrong with that, but it would certainly be great if all those bitcoins were saved while having other side income.

Nowadays there are many sources of income that can help anyone who is interested in investing. Almost all social media platforms have a monetization feature which then pays these creative people, the results can be invested or used as a source of additional income instead of selling bitcoins to make ends meet.

[Btcdeybodi]

Any new investors that is overly excited to come in to Bitcoin just because because of the Miles Stone Bitcoin has achieved today will also be carried away to think that Bitcoin is a quick and get rich scheme .
 

On the contrary more investors will certainly come after seeing this $100k Bitcoin and not because of quick rich scheme but because they have been convinced that because is the most realistic coin ever, so actually is just like when you see yourself as someone who is not ready based on the negative thoughts you had stored in your mind and later you saw that those thoughts took advantage of your mind so after realizing the price of Bitcoin you decided to start immediately since you have breakthrough the psychological setback, so actually anybody who is starting now is not doing it because of easy money.

Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.

Majority of the people investing in Bitcoin now is because they saw how the price of Bitcoin was able to skyrocket to $100k just in a very short period of time and I tell you that most of them have short term targets because they have the feeling that the price will skyrocket with speed again so that they can sell and make some profits from their investments that is why most of those buying Bitcoin now are buying with huge amounts so that they can make profits from their investments in the short run so don't make it sound as if many people who bought Bitcoin after the surge in price, has a long term targets. Let's just be plain because if those people wanted to invest for long term benefits, most of them would have invested before the price went high.

Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It  planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.

The question is, are those people old investors or do they have pre knowledge about investments in Bitcoin before they are planning of investing and taking profits just within an interval of a year because I feel people that have short term targets are mostly newbies because they are very anxious of making quick money. Your advice to them is not bad but you should have just told them to buy and HODL for like 4-10 years instead of telling them 10-15 years because it will look like the time interval is too long for them and it might put fear in them and they may just decide not to invest at all.

[Rabata]

In a situation where a person's necessary expenses is bigger than his or her income or the cash coming in then the person can't go into Bitcoin investment is impossible because at this point he or she has no discretion income, his income is not even enough to settle his necessity such a person can't manage in going into Bitcoin investment because there's no funds for such, however if the situation is the other way round where the person's income or cash coming in is a little bigger than his or her expense that means he or she has a discretionary income and no matter how small it is he can still invest in Bitcoin with it but his or her accumulation journey will be very slow compared to someone who's income or cash coming in is so bigger and larger than his expenses meaning his discretion income will be a very big one.

There are many people who have enough money but they also cannot invest in Bitcoin because they cannot believe in Bitcoin or they do not find future. On the other hand, there are many investors whose monthly income is limited and they do not have the ability to invest a sufficient amount. But they are doing a small amount of money on a weekly or monthly basis by following DCA. That is why I think first you need to understand the importance of Bitcoin. When a person is able to understand about Bitcoin, he will try to keep a small amount of his monthly income in Bitcoin. However, if it is the case that a person cannot save a small amount of money in any way, it will be difficult for him to invest in Bitcoin. Because even if he can hold Bitcoin for a short period , he will fail to hold for long time. Most of the people try to save a little money. If they hold Bitcoin and consider it as savings with the necessary ideas, they will definitely be able to improve their situation in the future.

[adultcrypto]

~Snip

Of course, another way for a poor  person to get bitcoin is by earning it, yet he still is ONLY able to hang onto his bitcoin if he has a discretionary income or the extra bitcoin that he earns is above the monthly costs of his expenses.

Of course, it's difficult to hold bitcoin for long term that are earned straight away like I explained, especially if they don't have any other side income. It's still reasonable to think they could keep a few percent of all that bitcoin for long-term investments, but most of it would be sold for daily or monthly needs. There's nothing wrong with that, but it would certainly be great if all those bitcoins were saved while having other side income.

Even from earned bitcoin, applying some level of discipline can make it possible to perform DCA with such coin. For instance, if you earn $50 per week in bitcoin, you can adjust your spending to perform $20 weekly DCA while using the balance of $30 for your needs. $20 weekly DCA will amount to $80 month saved in bitcoin. This will look small but do it consistently for a year and you will be somewhere close to $1,000. Project this further to five years and possibly ten years and see the magic that little amount could do. Everything is just about planning and determination and the good thing is that the knowledge we gained here have given us the opportunity to start small through the DCA method.

Nowadays there are many sources of income that can help anyone who is interested in investing. Almost all social media platforms have a monetization feature which then pays these creative people, the results can be invested or used as a source of additional income instead of selling bitcoins to make ends meet.

Financial stability is key to investing in bitcoin and sustaining such investment, there is no arguments about that. What you have suggested is just an emphasis that one should strive to improve his finances to be comfortable while investing in bitcoin so that there will be no pressure to sell for small things that little money could fix.

I have noticed that when an investor is accustomed to touching his investment unplanned, no matter how small, such investor can never achieve the set targets because this habit when inculcated, tends to eat deeper thereby doing serious damages over time. In other words, anyone in the habit of selling of fraction of the investment over small issues will continue to see issues that will lead to selling and will not be able to resist the urge to sell. Therefore, to avoid this ugly situation of going back and forth with the investment, investor should endeavor to improve the cashflow so that emergency funds can be set up as quickly as possible after the basic needs have been met.

[Churchillvv]

[edited out]

You are right, as a poor person the process of building one's Bitcoin investment will take more time than expected especially when he has no emergency and other back up funds because he will start building those funds a long side with his or her Bitcoin investment and because his or her discretion income is small building those things together will take a very long time.
One thing that also prolong the journey for a poor man is excessive emergency issues when his having too much emergency issues it will be hard for him to build up except those emergencies are within the means of his discretion income if is not then it will be impossible for him to build up his Bitcoin because those emergencies will eat up all his back ups funds and his Bitcoin.

Part of the goal should be to build up back up cash so that he is not getting into emergency situations, and yeah, you are correct, that a guy with low discretionary income, he will constantly be fighting to figure out how to keep building his back up funds and his bitcoin and there may well be periods in which he is not able to buy bitcoin, and hopefully he can have systems in place so that he does not have to sell his bitcoin also... and yes.. not easy.. and each person has to figure out the extent to which he can even invest into bitcoin.. and if he has enough discretionary income to actually be able to invest in bitcoin.. including that if he is actually misclassifying his funds as discretionary when they are actually needed to be in his back up funds or his emergency funds because he already has cashflow issues that might relate to the amount of cash coming in being too low and/or the amount of his expenses being too high.

In the process of one trying to figure out if they can possibly invest in bitcoin it's paramount for one to first make decisions based on the what they most have gotten from examining their income using the 9 individual factors and no matter the level of poverty one can be able scale themselves based on how much they earn monthly or weekly and put in the necessary funds where they are supposed to be then before going into investing in bitcoin.

One major thing I think should be be considered most is emergency funds and once one have this emergency funds to cover for the length of 4-6 months I think one is good to go with the bitcoin invest hence whatever they may encounter on the journey would not cost them to sell their bitcoins. Additionally, it's very necessary for one  to know the difference between each classification of funds hence to to complicate them or mistake them for one another.

[Samlucky O]

[edited out]

You are right, as a poor person the process of building one's Bitcoin investment will take more time than expected especially when he has no emergency and other back up funds because he will start building those funds a long side with his or her Bitcoin investment and because his or her discretion income is small building those things together will take a very long time.
One thing that also prolong the journey for a poor man is excessive emergency issues when his having too much emergency issues it will be hard for him to build up except those emergencies are within the means of his discretion income if is not then it will be impossible for him to build up his Bitcoin because those emergencies will eat up all his back ups funds and his Bitcoin.

Part of the goal should be to build up back up cash so that he is not getting into emergency situations, and yeah, you are correct, that a guy with low discretionary income, he will constantly be fighting to figure out how to keep building his back up funds and his bitcoin and there may well be periods in which he is not able to buy bitcoin, and hopefully he can have systems in place so that he does not have to sell his bitcoin also... and yes.. not easy.. and each person has to figure out the extent to which he can even invest into bitcoin.. and if he has enough discretionary income to actually be able to invest in bitcoin.. including that if he is actually misclassifying his funds as discretionary when they are actually needed to be in his back up funds or his emergency funds because he already has cashflow issues that might relate to the amount of cash coming in being too low and/or the amount of his expenses being too high.

For me I will say for a low class earner or a  poor person who barely feed his family and struggling to invest in bitcoin due to having several problems surrounding him,  he should  avoid bitcoin investment and set his financial strength in a balance first before investing in bitcoin.

We have surely discussed that bitcoin should be invested comfortablely without having feeling that we are investing since we may have settled all important things including family expenses,  setting out emergency and or backup fund, and having reserved fund for weekly investment. But if the situation is critical and is affecting the poor investor, I think he should increase or his build a good financial strength or increase his discretion before embacking in the bitcoin investment journey since its a long time investments.  

But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

[JayJuanGee]

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But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

You are highlighting some balancing that everyone has to do, which is to figure out whether or not he has discretionary income, and if he has figured out that he does have discretionary income where should he put such discretionary income.

Many times we suggest that guys get started investing into bitcoin as soon as possible, but he needs to have discretionary income before he can buy bitcoin, and so I would think that the main reason for a guy to sort out his finances before investing into bitcoin is to make sure that he has discretionary income, yet if he already has determined that he has discretionary income then he can invest into bitcoin while he is sorting out his finances, so I have a bit of a difficulty suggesting that guys with even bad financial circumstances should sort out their messed up financial circumstances before investing into bitcoin.

[laijsica]

[edited out]

But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

You are highlighting some balancing that everyone has to do, which is to figure out whether or not he has discretionary income, and if he has figured out that he does have discretionary income where should he put such discretionary income.

Many times we suggest that guys get started investing into bitcoin as soon as possible, but he needs to have discretionary income before he can buy bitcoin, and so I would think that the main reason for a guy to sort out his finances before investing into bitcoin is to make sure that he has discretionary income, yet if he already has determined that he has discretionary income then he can invest into bitcoin while he is sorting out his finances, so I have a bit of a difficulty suggesting that guys with even bad financial circumstances should sort out their messed up financial circumstances before investing into bitcoin.

Yes, you have said an important sentence that what should guys with bad financial condition actually do.  To bring the chaotic financial situation back into order, they can try to increase their alternative sources of income and there are guys among them who can be hardworking and have the opportunity to prove themselves more positively in the job field.
Also, for low and middle-income people who want to own Bitcoin and have the mentality of continuing small deposits. In view of the financial situation, more attention should be paid to maintaining the family and continue to deposit Bitcoin in view of increasing floating cash periodically and discretionary income.

First, the recommendation for guys with very small income is financial discipline and then investment decisions. Second, be mentally confident that finding ways for financial solvency and creating a wallet even on a very small scale and developing the habit of saving.

[Barikui1]

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But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

You are highlighting some balancing that everyone has to do, which is to figure out whether or not he has discretionary income, and if he has figured out that he does have discretionary income where should he put such discretionary income.

Many times we suggest that guys get started investing into bitcoin as soon as possible, but he needs to have discretionary income before he can buy bitcoin, and so I would think that the main reason for a guy to sort out his finances before investing into bitcoin is to make sure that he has discretionary income, yet if he already has determined that he has discretionary income then he can invest into bitcoin while he is sorting out his finances, so I have a bit of a difficulty suggesting that guys with even bad financial circumstances should sort out their messed up financial circumstances before investing into bitcoin.

Yes, you have said an important sentence that what should guys with bad financial condition actually do.  To bring the chaotic financial situation back into order,

This is actually the exact thing we were discussing in one of the thread in our local board on Saturday, that it's near impossible to convince someone not to sell his or her Bitcoin when they are hungry, because their is a way hunger mess with your head and at that point, the only thing you will be thinking of is where to get your next meal from, so if you are in such a condition, you definitely cannot hold your Bitcoin firmly because you will definitely dip your hands into your Bitcoin holds just to fends for your needs, especially feeding, if you are in such a deep shit as that.

So in essence of what am trying to say is that I think you were spot on when you said that anyone in some financial crisis needs to sort themselves out first before he thinks of investing in Bitcoin, so that he wouldn't have to fall back to it at some point for survival.

[avp2306]

[edited out]

But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

You are highlighting some balancing that everyone has to do, which is to figure out whether or not he has discretionary income, and if he has figured out that he does have discretionary income where should he put such discretionary income.

Many times we suggest that guys get started investing into bitcoin as soon as possible, but he needs to have discretionary income before he can buy bitcoin, and so I would think that the main reason for a guy to sort out his finances before investing into bitcoin is to make sure that he has discretionary income, yet if he already has determined that he has discretionary income then he can invest into bitcoin while he is sorting out his finances, so I have a bit of a difficulty suggesting that guys with even bad financial circumstances should sort out their messed up financial circumstances before investing into bitcoin.

Sometimes I don't look at financial capabilities of a person when talking about giving suggestion to invest on bitcoin. Sometimes their willingness to take part of this scene and willing to do research is somehow a good grounds for me to discuss about this matter. For sure if those person is eager to increase or be consistent to their investment then provably that they would find another good opportunities that can settle up their finances which can make sure that they always have funds to spend to make everything work out according to their plans. Although this might be hard to achieve by newbies but if they gather experience and frequently doing some research to help them learn more about Bitcoin then provably there's huge chance that everything will work for them.

People just need to do their first step which is buying for their investment and I believe everything will follow.

[laijsica]

[edited out]

But if the poor person can be able to mitigate his fiance by investing as little as he can in DCA,   setting aside his emergency or backup fund and making provision for family expenses and having a reserved fund then it's fine. But if he can't cope with his financial strength, I insist he builds himself financial before investment.

You are highlighting some balancing that everyone has to do, which is to figure out whether or not he has discretionary income, and if he has figured out that he does have discretionary income where should he put such discretionary income.

Many times we suggest that guys get started investing into bitcoin as soon as possible, but he needs to have discretionary income before he can buy bitcoin, and so I would think that the main reason for a guy to sort out his finances before investing into bitcoin is to make sure that he has discretionary income, yet if he already has determined that he has discretionary income then he can invest into bitcoin while he is sorting out his finances, so I have a bit of a difficulty suggesting that guys with even bad financial circumstances should sort out their messed up financial circumstances before investing into bitcoin.

Yes, you have said an important sentence that what should guys with bad financial condition actually do.  To bring the chaotic financial situation back into order,

This is actually the exact thing we were discussing in one of the thread in our local board on Saturday, that it's near impossible to convince someone not to sell his or her Bitcoin when they are hungry, because their is a way hunger mess with your head and at that point, the only thing you will be thinking of is where to get your next meal from, so if you are in such a condition, you definitely cannot hold your Bitcoin firmly because you will definitely dip your hands into your Bitcoin holds just to fends for your needs, especially feeding, if you are in such a deep shit as that.

So in essence of what am trying to say is that I think you were spot on when you said that anyone in some financial crisis needs to sort themselves out first before he thinks of investing in Bitcoin, so that he wouldn't have to fall back to it at some point for survival.

It is indeed a difficult decision for a hungry person struggling to make ends meet to decide whether to invest or not to sell. I have actually tried to focus more on the early stages of investing where it is important to create awareness about investing discipline in guys who are in a chaotic financial situation. I have talked about having a wallet where he can practice saving at least any amount he can afford and in the modern financial system it is possible for a guys.  Bitcoin deposit is certainly not a luxury and it is a valuable asset that can be a huge financial backup for a low-income person by saving small fractions.
By being financially disciplined I mean trying to increase the source of income through alternative sources of income and for most guys this is certainly possible if they have the desire to increase their wealth.

In conclusion, for guys in financial distress having to take a little time off to balance their income may make them more determined in their next investment decisions but it may also make them more lazy. So I said that at least those guys have a wallet and if they smoke one less pack of cigarettes a week they can at least manage to deposit that amount of dollars into Bitcoin.