Buy Buy Buy or Sell Sell Sell?

[Frankolala]

[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.

Bitcoin investment is not like gambling that you haven't eaten and you will use your last money to bet because you hope you will double the money when you use it to gamble. Bitcoin investment is not something that you can borrow money to invest when you don't have a means of income. You need to put your financial situation in order first for you to invest in bitcoin, because it is a long-term investment and the money that you are using to buy it should be forgotten about, because it will generate profit for you in future. If you cannot take care of your basic needs, you cannot invest in bitcoin because it's like you are gambling.

[JayJuanGee]

[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.

I think that there is a difference between sorting out oneself financially and determining whether or not a person even has enough income to be able to invest into bitcoin, meaning that a person should plan on having at least a 4-10 year or more timeline to invest into bitcoin, otherwise they are trading and/or gambling rather than investing.

People who do not have money that they can spend with that kind of a 4-10 year or more commitment should not be buying bitcoin.

Don't get me wrong.  I still think that anyone who determines that he has money that he can set aside for 4-10 years or longer should get started right away, and even if their finances are screwed up, they can work out their finances as they are investing into bitcoin, so long as they already can determine that they have money that they can throw into bitcoin for 4-10 years or longer and work out their cashflow bolstering details as they go.

Sure, some folks are unrealistic, and sure some folks are not able to follow through with commitments that they made, including that if they are really poor, then they will likely need to be creating cash buffers so that they do not end up selling any of their BTC that is not of a time that is completely of their own choosing.. so surely, it could well take poor people way more discipline to accomplish their goals to be able to build up their BTC stash, and surely if they are only in bitcoin for a short period of time and they are cashing out their bitcoin, then they likely had not planned very well.. .. and sure there could be some cases in which they might see that they overallocated and they might take some out with a commitment of continuing to buy on a regular basis, presuming that they are still in their earliest of times of accumulating BTC.

I would also suggest that getting through a whole first bitcoin cycle is likely the most challenging for anyone to be buying bitcoin and to be putting cashflow management and cash buffer systems in place, and surely the less discretionary income a person has, then the less value that they have to work with in terms of options, and as we frequently mentioned, there might be ways to increase discretionary income by increasing income and/or decreasing expenses, yet for some people there might not be a lot of options depending on various aspects of their living location and their personal situation in terms of health and/or income generating skills.

Even though sometimes any of us might be in a position to help others to work through some of their BTC investing planning and/or their cashflow management planning, in the end, if we do not have information to the contrary, we also likely need to presume that people are mature enough to handle their own finances and to figure out some of the basic math that goes along with financial management.  We also might know that a lot of people are lacking in such skills, so there sometimes can be ways to help them out.. or to potentially help to direct them to ways in which they are able to help themselves if they realize that it is in their best interest to make sure that they are able to carry out the resolution of various basic math problems.

[edited out]

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

People have to be responsible to figure out if they are missing some basic math skills, and if they might need to spend some time working on some of their improving of their math skills.  They should still be able to start buying bitcoin, such as buying $10 per week and then figuring out if they are going to be able to buy more than that amount... and surely it can take a bit of time to just figure out where to source their bitcoin and to set up accounts, if they might be buying through some kind of an exchange.  Let's say for example that they are a bit confused about various aspects their budget, yet they are able to set up an account, and they are confused about some of the fees.. so then maybe they decide to deposit $200, and to use that money to buy $10 per week worth of bitcoin while they research further into matters, and surely that is 20 weeks worth of time, which does seem like a long time, but it might be sufficient to give them a target while they also have to make space in their life to spend 2-4 hours per week (or maybe more) learning about bitcoin and bitcoin related matters.  Each person is going to have different matters that he is juggling.

[edited out]

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.

Removing a bad habit.. or an expense that is clearly not a necessary expense can end up creating a somewhat representative category of how to consider the bitcoin investment.  So if a person removes some kind of consumption good, and they substitute buying bitcoin, they can consider the bitcoin locked away for 4-10 years or longer with a possibility that they might get some of the bitcoin (or the value of the bitcoin) back at some later date way into the future.  As compared with a consumption good, like cigarettes, that they are never going to get that value back because they consumed the value and potentially they got present day joy out of their consumption, so perhaps bitcoin is deferred consumption that may or may not end up happening (since the bitcoin investment is not guaranteed to result in an ability to consume more in the future).

It seems to me that developing a habit of buying bitcoin every single week can be quite good to reinforce the value whether the amount is $10 per week or some other weekly amount - another possibility is that the weekly amount is flexible, yet there might be a range of $10 to $100 per week depending on cashflow, yet there might be an amount that is held on the side so that no matter what at least $10 per week goes into bitcoin in order to reinforce the habit and to attempt to manage cashflow around a priority that has been set to invest into bitcoin every week no matter what.  A guy (especially a poor guy) can ONLY set such a mandate and bitcoin priority upon himself if he has set up various systems around himself in order that he has the cash to carry out his priorities in the direction of bitcoin... and sure, some guys might not be in a position to set up such a bitcoin priority, and each guy has to figure out his own finances (and psychology) enough in order to figure out whether they can create some kind of a bitcoin priority system that involves something like investing into bitcoin every week no matter what.

Another thing is that the "no matter what" would not apply to emergency situations, yet if guys set up their various systems then they are going to create buffers so that the stronger they get their various back up systems, then the less likely they are going to encounter emergency situations.  So the systems  that they create will  reduce the frequency and the severity of their emergency situations.  That should be a goal for any poor person who has been ongoingly used to experiencing ongoing and/or regular cashflow emergencies.

[Rabata]

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.

It is very necessary for Bitcoin investors to have an emergency fund. There are many investors who are willing to hold Bitcoin for a long time, but after holding it for a long time, they fail to hold their Bitcoin. In such a situation, an investor must keep an emergency fund so that they do not face any obstacles in holding their Bitcoin. Unexpected situation can happen at any time and if someone can keep funds as a preparation for this, then he can definitely benefit. By keeping an emergency fund, there is no loss to a holder. If someone can maintain their emergency fund for 4 to 6 months, they can certainly continue to accumulate Bitcoin uninterruptedly.

[BITCOIN4X]

~Snip

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.

I once read on this forum about a story that said someone saved $1 per day to invest in bitcoin consistently. He does this throughout the year and adds up to $365 per year in bitcoin. I forget where the thread is now, but this has become a topic that is welcomed by the community. Of course with his long-term investment plans he did DCA, but I don't know if he still does it now.

DCA is simply a great strategy to maximize when investing in bitcoin. DCA helps investors to diversify their budget into several parts and buy at different prices, this may or may not make them collect more bitcoin if the price gets more expensive. Instead of buying all at once, I still recommend that investors want to buy with DCA.

[Agbamoni]

People who do not have money that they can spend with that kind of a 4-10 year or more commitment should not be buying bitcoin.

While this makes sense. If someone does not have spare money to keep aside for a 4-10-year period, should they completely avoid Bitcoin altogether? I guess no is in the answer. It's all about priorities and financial planning. If someone is finding it difficult to start their investment because they are lacking then they can start building emergency funds, if they are in debt then they should clear all debt or reduce it. Once they have maintained a balance which may take them 6 months or a year or two, they can start thinking about investing in Bitcoin. A good step is to understand how to make a budget. After getting their income it's to free up even a small amount like $10 a month for Bitcoin. And using the DCA method over a long period can pile up to be tangible.

I think that there is a difference between sorting out oneself financially and determining whether or not a person even has enough income to be able to invest into bitcoin, meaning that a person should plan on having at least a 4-10 year or more timeline to invest into bitcoin, otherwise they are trading and/or gambling rather than investing.

Well, the bitcoin values tend to rise in cycles roughly every four years which is synced to the halving events. If someone buys Bitcoin because they expect quick returns, then they're not investing in Bitcoin rather they are gambling. To truly benefit from the potential of Bitcoin is to invest for a long time and expect these 2 to 3 cycles to play out.

For someone who’s just starting out and doesn’t have much discretionary income, i concur that they should build a cash buffer first. It doesn't matter if it might take longer to start investing its better because it reduces the risk of selling our Bitcoin at a bad time.

[JayJuanGee]

People who do not have money that they can spend with that kind of a 4-10 year or more commitment should not be buying bitcoin.

While this makes sense. If someone does not have spare money to keep aside for a 4-10-year period, should they completely avoid Bitcoin altogether? I guess no is in the answer.

Well, each person has to decide his own parameters in regards to what he considers an investment or if he might just want to attempt to do a trade.  If he is trading then he is gambling, and surely each person has full sovereignty over himself, so he can choose to gamble if that is what he wants to do.  If he tells us that he is investing and he is trading, then we would merely have a semantical argument because maybe I would suggest that he is not investing, but instead he is trading/gambling... and yeah, he can do what he wants, if he wants to treat bitcoin as a trade/gamble rather than an investment that is his choice, and he still may well get advantages out of it, yet maybe not as many of the advantages that an investor gets.

There surely are folks who have age and health considerations, and they might need to consider whether to buy bitcoin or not based on their potential needs for their value to remain in a more liquid form, since they might not know if they will need access to it.

Maybe you can describe the kind of situation that you perceive someone to have in which they would want to invest  less than 4 years?  And, what is the big deal if some of us are saying that they are trading rather than investing?

Even if you think that you know the pattern of bitcoin, and you believe that 2025 is going to be an UP year, how come you would need to consider that as a trade rather than an investment?

Part of the reason that I am a bit of a stickler for the semantics is to help guys to think about what they are doing, yet in the end, guys are free to do what they want, yet if they start to say that they are buying bitcoin for some timeline that is less than 4 years, then most likely I am going to proclaim that they are trading rather than investing... but yeah, if you have some particular circumstances that you want to discuss in order to clarify the point, or if you want to say that you are investing when you are really trading, then maybe you are just lying to yourself about what you are doing?

It's all about priorities and financial planning. If someone is finding it difficult to start their investment because they are lacking then they can start building emergency funds, if they are in debt then they should clear all debt or reduce it.

They do not need to sort all that out prior to buying any bitcoin.  They can buy $10 worth of bitcoin per week, and work on fixing other aspects of their finances, whether back up funds and/or getting out of debt at the same time.  There can be quite a bit of variance in terms of how discretionary money is allocated, and yeah if they ONLY have $10 per week of discretionary income, then they have a lot less room to work  with as compared with someone who might have more than $100 per week of discretionary income to work with.

Once they have maintained a balance which may take them 6 months or a year or two, they can start thinking about investing in Bitcoin.

So you think that a person who has found out about bitcoin needs to wait 6 months to get started merely because they might have some problems in their financial life?  That seems problematic to be recommending to build up finances first, before getting started... and yeah, maybe you need to be more specific in regards to which kind of person you are talking about.  Has this person figured out that he has discretionary income or not?

I would agree with you in the case that a person does not have any discretionary income and I might also agree with you if there are some problematic aspects of the various ways that the person's finances are supposedly messed up, yet I am not going to blanketedly agree with you that there is some kind of a need to clear up your finances prior to getting started investing into bitcoin, unless it is quite clear that the general hypothetical person that you are referring to does not have any discretionary income.

A good step is to understand how to make a budget. After getting their income it's to free up even a small amount like $10 a month for Bitcoin. And using the DCA method over a long period can pile up to be tangible.

Sure.  Making a budget is part of the process of identifying how much is available in the discretionary income to figure out if the amount is realistic whether it is $10 per week, $10 per month or some other amount and/or frequency of investing into bitcoin, and surely there could be a priority to invest into bitcoin, yet if the expenses are not all covered prior to buying the bitcoin, then the person ends up with a problem of investing into bitcoin beyond their discretionary income.

I think that there is a difference between sorting out oneself financially and determining whether or not a person even has enough income to be able to invest into bitcoin, meaning that a person should plan on having at least a 4-10 year or more timeline to invest into bitcoin, otherwise they are trading and/or gambling rather than investing.

Well, the bitcoin values tend to rise in cycles roughly every four years which is synced to the halving events. If someone buys Bitcoin because they expect quick returns, then they're not investing in Bitcoin rather they are gambling. To truly benefit from the potential of Bitcoin is to invest for a long time and expect these 2 to 3 cycles to play out.

Now you seem to be saying the same thing as me, even though earlier you seemed to have been questioning the idea of how to treat the investment timeline, and surely anyone could have some kind of a goal, such as getting to retirement status, and/or to get to a point of being able to sustainably withdraw from their BTC because they have more options once the BTC is sufficiently profitable and potentially the value has compounded several times over a longer period (at least the earliest parts of the investment had compounded more than the later parts of the investment might not have had time yet to compound in value).

I doubt that it makes a lot of sense to invest for 2-3 cycles into bitcoin and then end up just cashing all of it out for fiat gains, even though there might be some specific kinds of expenses (or consumption goods or investments) that a person is aiming to buy like a personal residential property or something like that, even though if a person has spent a lot of time accumulating a lot of value in bitcoin, there may be creative ways that open up to obtain the various consumption or investment goods without having to sell all or large portions of the bitcoin holdings that have been built over so many years.

For someone who’s just starting out and doesn’t have much discretionary income, i concur that they should build a cash buffer first.

I did not say that a cash buffer has to be built first.  If you are investing $10 per week into bitcoin then you invest $10 into your cash buffer, so you can build them at the same time, and then perhaps once the cash buffer and the bitcoin get up to having had put in 3 months or so worth of expenses, then maybe at that point, the cash buffer might be less of a priority, and each person has to figure out how much of a cash buffer to have (which is non-working cash) as compared to investing into bitcoin. Don't get me wrong, I am not completely against having non-working cash, but there is a realistic problem that a person who is constantly working on building up his cash and without putting anything into bitcoin, then it may well end up being the case that his cash reserves are losing value faster than he can build them up, and he is never making any progress towards getting some value into something like bitcoin...so if we are building up an emergency fund, and we have no bitcoin that we are protecting, then it seems to me that we are not really getting anywhere...but yeah, each guys is going to have to figure out these kinds of parameters for himself, and if he fucks  up by spending years building up an emergency fund and he has no bitcoin, I think that he is doing a disservice to himself, yet he might have no one to blame besides himself for failing/refusing to actually get started in building up his BTC simultaneously.

It doesn't matter if it might take longer to start investing its better because it reduces the risk of selling our Bitcoin at a bad time.

Sure there is truth in what you are saying, but it sounds to me that you are talking more about a person who does not have any discretionary income rather than a person who has failed to build up reserves... so in that case I agree that a guy cannot buy bitcoin if he does not have discretionary income...otherwise he is gambling rather than investing.

[Mayor of ogba]

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.

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.

Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.

This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.

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.

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently. 

[SuperBitMan]

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.

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.

Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.

This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.

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.

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently. 

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs, a poor person has no discretionary income because the income his making is not even able to take care of his basic needs like food, clothes, shelter, electric bill's, water, etc. So there's no felt over money for him every week or month for Bitcoin investment.
The average kind of people in the society are the ones who can invest in Bitcoin not the poor people, an average person is someone who can meet his or her basic needs and also has a little discretionary income lift.
Someone can have a source of income and still be poor so let me put it this way if you don't have a discretionary income you can't invest in Bitcoin is as simple as that.

[Taskford]

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs, a poor person has no discretionary income because the income his making is not even able to take care of his basic needs like food, clothes, shelter, electric bill's, water, etc. So there's no felt over money for him every week or month for Bitcoin investment.
The average kind of people in the society are the ones who can invest in Bitcoin not the poor people, an average person is someone who can meet his or her basic needs and also has a little discretionary income lift.
Someone can have a source of income and still be poor so let me put it this way if you don't have a discretionary income you can't invest in Bitcoin is as simple as that.

Believe on what you think impossible since there's provably situation change on a life style of a person if they are eager to find good opportunity online or everywhere. For sure that situation can change their life and provably they can take care everything they want including their bitcoin investment.

Remember that to many people doubt about Bitcoin before either they are not familiar with it or call it as scam but now Bitcoin prove so many things that's why it became one of the famous asset we have available these days.

Although we can say both is incomparable but there are certain instances that we can correlate it together since we are not really sure about what will happen in future. That's why I believe everyone is capable to invest on bitcoin as long as they are eager to spend some money for Bitcoin.

[Roseline492]

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs,

There is a different between abject poverty and a common poverty, an abject poverty is when someone live an unimaginable life of lacking almost everything even to the extent of not having any shelter were they can be able to rest there head for the night while normal poverty is when you can be able to provide almost all your social needs including feeding very well, so actually being poor does not mean that the person has no money to buy anything or deciding to invest on anything because I can see that a lot of people are beginning to misinterpret the word Poor, however don't you no that someone who even have only $16k is considered to be poor?, so why then would you say that a poor person cannot invest on Bitcoin when some poor have up to the amount I mention plus the little work they are doing, so don't judge by the name when you don't no the range that defines a poor.

[cryptoWODL]

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently.

Rich and poor and people of all professions can invest in Bitcoin. One of the differences between rich people and poor people in investing in bitcoins is that rich people can invest more amount of bitcoins and poor people can invest less amount of bitcoins as they have less/small source of income. While there are other strategies for investing in Bitcoin, DCA is the most effective investment strategy for poor people. This method is very simple and accessible, as one can start investing by buying a very small amount of Bitcoins using this strategy.

It can even be increased incrementally i.e. if the income of the individual is higher he can increase his investment amount over time. Whether a person is rich or poor they have a goal to save money for the future. They can feel free to invest bitcoins with the money they are saving for the future. So people of any profession can invest in Bitcoin now.

[Mayor of ogba]

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.

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.

Seems your friends are short sighted and are not seeing the big opportunity bitcoin has when you invest and hodli. For anyone who thinks that you can jump into bitcoin and jump out, think deep and look around to see that currently, tech firms and government are the ones desperately rushing to acquire bitcoin in large quantity because they have seen the hidden potential in bitcoin as a store of value. They habe come to understand the power law of bitcoin.

This is why US government is planning on using bitcoin as reserve and Russia seems like following that road. All these signs alone is enough to encourage any trader or anyone planning to sell his bitcoin too soon to rethink about his actions. I must say that we are lucky to be involved currently in bitcoin accumulation game, because bitcoin is for both the rich and poor, if not we might not have the financial power to buy the little bitcoin that we are buying weekly, if the government and other big firms start accumulating aggressively because the price of bitcoin will skyrocket and becomes very expensive. This is why we need to be consistent in buying always now that bitcoin is still cheap, to avoid being a problem to our own financial breakthrough.

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.

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently. 

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs, a poor person has no discretionary income because the income his making is not even able to take care of his basic needs like food, clothes, shelter, electric bill's, water, etc. So there's no felt over money for him every week or month for Bitcoin investment.
The average kind of people in the society are the ones who can invest in Bitcoin not the poor people, an average person is someone who can meet his or her basic needs and also has a little discretionary income lift.
Someone can have a source of income and still be poor so let me put it this way if you don't have a discretionary income you can't invest in Bitcoin is as simple as that.

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

[SuperBitMan]

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs,

There is a different between abject poverty and a common poverty, an abject poverty is when someone live an unimaginable life of lacking almost everything even to the extent of not having any shelter were they can be able to rest there head for the night while normal poverty is when you can be able to provide almost all your social needs including feeding very well, so actually being poor does not mean that the person has no money to buy anything or deciding to invest on anything because I can see that a lot of people are beginning to misinterpret the word Poor, however don't you no that someone who even have only $16k is considered to be poor?, so why then would you say that a poor person cannot invest on Bitcoin when some poor have up to the amount I mention plus the little work they are doing, so don't judge by the name when you don't no the range that defines a poor.

The word poor means a person who lacks the financial resources or means to meet their basic needs, there's nothing like abject poverty and common poverty what will have are.
The poor
The middle class
And the rich.

Now if you are poor it means you lack the financial resources or means to meet to your basic needs and that of your family.
When you are a middle class person you are in between being poor and being rich that means you have the financial resources or means to meet a lot of your basic needs and that of your family and a middle class person always have a discretionary income.
A rich person is someone who has the financial strength or means to meet all his or her basic needs and that of his family with a huge amount of discretionary income this set of people are considered wealthy.

Now if you are in the poor category you won't be able to invest because you don't have the financial strength for it, if a poor man invest in Bitcoin he will sell it of to settle his or her basic needs which are more paramount to human existence which are food, clothes, shelter, water etc.

[Ricardo11]

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

Actually, being poor does not mean that you will be deprived of Bitcoin investment, with proper planning and proper financial income and expenditure management, it is possible to achieve big goals in the long run by earning a little money and saving a little.
It is not right to reduce your standard of living by investing aggressively. Especially those who are middle-class and poor, many times it is seen that middle-class and poor people save money for a long time, in a box or in a bank, and when they have some amount of money, they want to invest it in a good place.
In this case, if these middle-class or poor people invest Bitcoin aggressively with this kind of money, they may also face losses.
So that your lifestyle does not have any negative impact on your lifestyle, you should invest in Bitcoin with this kind of money, so middle-class and poor people should make strategic decisions intelligently. And these people should definitely adopt DCA for Bitcoin investment.
Your income is low? If you calculate your income and expenses, there is very little money left for savings? In the case of DCA, this is not a problem, because DCA gives a very good return even from this small investment. But for this, DCA must be run for the long term.

[Obim34]

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently.

Rich and poor and people of all professions can invest in Bitcoin. One of the differences between rich people and poor people in investing in bitcoins is that rich people can invest more amount of bitcoins and poor people can invest less amount of bitcoins as they have less/small source of income.

I don't think so, if we are differentiating between the rich and average earning investor in investing then it can not be totally based on having more amount of Bitcoin than the average earner. Aside having the luxury to invest, we should also consider a thing about consistency which is a must factor for every serious investor that would love to accumulate Bitcoin to it's finest. The average investor can invest through the DCA approach and with time tend to accumulate better portion than the rich, the only difference i can detect is the comfortability of releasing funds towards his investment. If the rich investor does not have the quality intention and mindset to appropriately define his funds and grow his portfolio then an average earner who understands better can increase his portfolio over what the rich has installed already.

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

You can do proper by adjusting your definition of poor, we have been using poor to define the average earner but appropriately being poor comes with the inability to provide one's daily survival needs, which means being poor results to living below the normal standard of comfortability. Not being comfortable imposes the incapability of securing any investment capital still going through the hand to mouth lifestyle. As long we are able to providing our needs then we can not be seen as poor, if poor then those who are unable to provide for themselves should be termed as what? An average earner can have his expenses sorted and still have left over funds that can now be diversified into his investment or being kept and saved for any functional purpose. @SuperBitMan also made further explanations.

[Rabata]

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

Accumulating Bitcoin may seem easy, but it is not easy for everyone. If an investor thinks that he will only accumulate Bitcoin during bullish movements but will withdraw from his holdings when bearish ones come, then it is not possible for him to successfully hold Bitcoin. Holding Bitcoin requires a strong hand. If a person has a regular income, then if he tries, he can accumulate Bitcoin with some part of that income. But if he has financial problems, then even if he can do it temporarily, he will definitely fail after a certain time.

When holding Bitcoin, a holder should remember that the more he can hold, the more he can profit from Bitcoin in the long run. In this regard i just want to say that El Salvador is a relatively not rich country, but as far as I know, they have 6180 Bitcoins deposited. If they had not accumulated Bitcoin at that time, it would not have been possible at this time. That's why I think that when it comes to accumulating Bitcoin, you should accumulate as many Bitcoins as possible after meeting your expenses.

[Cryptoprincess101]

Not all investors who are accumulating bitcoin are rich; some of them are poor, but they are investing in bitcoin according to their discretionary income, which allows them to sort out their daily expenses and also hold their bitcoin investment for a long time. And with the help of the DCA strategy, they can easily accumulate bitcoin consistently, either on a weekly or monthly basis, when their money is readily available. It is only when you invest in bitcoin above your discretionary income that you are likely to get it wrong with your bitcoin investment because there will be a time when you will find it hard to sort out your daily expenses, and it might cause you to get off the game partially or permanently.

Rich and poor and people of all professions can invest in Bitcoin. One of the differences between rich people and poor people in investing in bitcoins is that rich people can invest more amount of bitcoins and poor people can invest less amount of bitcoins as they have less/small source of income. While there are other strategies for investing in Bitcoin, DCA is the most effective investment strategy for poor people. This method is very simple and accessible, as one can start investing by buying a very small amount of Bitcoins using this strategy.

Bitcoin investment is for all, both the rich and the poor but i find it problematic for a poor man to invest in bitcoin because what he should be aiming at should be how to get out of that vulnerable state of poverty by looking for a job or starting up a small scale business then from the proceeds, he can be investing in bitcoin using the DCA strategy. If a poor man invests with the little he has without sourcing for a reliable income, he can stay one day and angrily sell off the bitcoins in his custody because he will feel that he can't be suffering while he has some money in bitcoin.

It can even be increased incrementally i.e. if the income of the individual is higher he can increase his investment amount over time. Whether a person is rich or poor they have a goal to save money for the future. They can feel free to invest bitcoins with the money they are saving for the future. So people of any profession can invest in Bitcoin now.

Increasing one's investment simply depends on the productivity of the source of income where the money to make accumulations is being generated from because for someone whose salary or income is still within that same amount he started his investment with, it will be difficult to increase your investment amount. It is needless to save money to invest in bitcoin because those times you are saving up those money might have been a good buying time when the price is cheaper than when you have saved up money and want to start when the price has already skyrocketed. That amount that you want to be saving little by little can be used to start buying bitcoins little by little instead of leaving it in Fiats with the idea of buying later on.

[JayJuanGee]

I really don't think a poor person can accumulate Bitcoin because a poor person is someone who lacks the financial resources or means to meet their basic needs,

There is a different between abject poverty and a common poverty, an abject poverty is when someone live an unimaginable life of lacking almost everything even to the extent of not having any shelter were they can be able to rest there head for the night while normal poverty is when you can be able to provide almost all your social needs including feeding very well, so actually being poor does not mean that the person has no money to buy anything or deciding to invest on anything because I can see that a lot of people are beginning to misinterpret the word Poor, however don't you no that someone who even have only $16k is considered to be poor?, so why then would you say that a poor person cannot invest on Bitcoin when some poor have up to the amount I mention plus the little work they are doing, so don't judge by the name when you don't no the range that defines a poor.

The word poor means a person who lacks the financial resources or means to meet their basic needs, there's nothing like abject poverty and common poverty what will have are.
The poor
The middle class
And the rich.

Now if you are poor it means you lack the financial resources or means to meet to your basic needs and that of your family.
When you are a middle class person you are in between being poor and being rich that means you have the financial resources or means to meet a lot of your basic needs and that of your family and a middle class person always have a discretionary income.
A rich person is someone who has the financial strength or means to meet all his or her basic needs and that of his family with a huge amount of discretionary income this set of people are considered wealthy.

Now if you are in the poor category you won't be able to invest because you don't have the financial strength for it, if a poor man invest in Bitcoin he will sell it of to settle his or her basic needs which are more paramount to human existence which are food, clothes, shelter, water etc.

@SuperBitMan you are correct to say that a person needs to have discretionary income in order to invest in bitcoin and not to be gambling with money that he needs for expenses, yet you are wrong to proclaim that the definition of poor is not having discretionary income. 

Poor is a much broader classification, and the person may or may not have discretionary income depending on the level of his poverty.

We use terms poor, middle class, rich in relative kinds of ways and even general kinds of ways, yet I doubt that it is very productive to get caught up in definitional arguments, when we might be able to clarify what we mean by either giving examples or describing the circumstances of such persons.

If you choose to categorize all poor people as those people who do not have discretionary income, then you are likely going to end up creating a lot of confusion, since there seem to be quite a few poor people who have some discretionary income or even quite a bit of discretionary income....  surely the more discretionary income that they have, the more possibilities that they have to bring themselves out of poverty.

Let's say for example that a poor person makes around $80 per week, and his expenses are around $60 per week, and with the remainder of his income around $20 per week, he likes to drink, gamble, eat ice cream (or other junkfood), perhaps smoke and to have fun with whatever spending money that he has.  If he chooses not to invest and/or save his discretionary income, he may never get out of poverty, yet he might have fun while his income is still coming in.   Sure, such poor person does not have a lot of discretionary income, and $20 per week is not going to be a lot of money to work with, yet it still falls in the category of discretionary income, and he might want to figure out if he can increase his income and/or decrease his expenses in order to increase his discretionary income...and yeah, he likely will not be living any kind of luxury life, and it likely would be really difficult for him to use his discretionary income effectively, such as buying bitcoin with half ($10 per week) and putting the other half into an emergency fund...

and yeah, he might sometimes have some unexpected shortfalls in his income or increases in his expenses that would force him to spend from his emergency fund, and surely we would want him to get to a level in which he does not have to draw from his emergency fund since if he depletes his emergency fund, then he will have no other resources left, except to dip into his bitcoin, which should be something that an investor is striving to avoid since the investor is wanting to use the bitcoin to make his life (and options) better in the future, perhaps 4-10 years or longer down the road.

In this case, if these middle-class or poor people invest Bitcoin aggressively with this kind of money, they may also face losses.

There is a difference between investing aggressively and investing overaggressively, so yeah, a person with less discretionary income has less room to work with and they run more risks of investing overaggressively because they do not have as much money to work with in the event that they make errors in their calculations or if they have months in which their income is less and/or their expenses are more.

So that your lifestyle does not have any negative impact on your lifestyle, you should invest in Bitcoin with this kind of money, so middle-class and poor people should make strategic decisions intelligently. And these people should definitely adopt DCA for Bitcoin investment.

DCA can be accomplished in a variety of levels from whimpy to aggressive, and even overaggressive, so each person is responsible to figure out an appropriate DCA level and frequency in light of their own income and expense circumstances.

Your income is low? If you calculate your income and expenses, there is very little money left for savings? In the case of DCA, this is not a problem, because DCA gives a very good return even from this small investment. But for this, DCA must be run for the long term.

DCAing in bitcoin does not guarantee any kind of return, yet it does allow attempts at prioritizing investing in bitcoin on a regular basis in accordance with income and expense levels, and perhaps less likely to make mistakes of overinvesting (or underinvesting) if the weekly DCA amounts are incremental and building up over a longer period of time while the person is otherwise diligent about his personal financial and psychological circumstances..

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

You can do proper by adjusting your definition of poor, we have been using poor to define the average earner but appropriately being poor comes with the inability to provide one's daily survival needs, which means being poor results to living below the normal standard of comfortability. Not being comfortable imposes the incapability of securing any investment capital still going through the hand to mouth lifestyle. As long we are able to providing our needs then we can not be seen as poor, if poor then those who are unable to provide for themselves should be termed as what? An average earner can have his expenses sorted and still have left over funds that can now be diversified into his investment or being kept and saved for any functional purpose. @SuperBitMan also made further explanations.

You are reading too much into the dictionary definition.  That dictionary definition is general and does not go into considerations of income versus expenses or the management of cashflow, in order to get at various ways that a poor person might deal with his poverty, and potentially even be able to invest in bitcoin. 

Surely, we don't need a dictionary definition to tell us that there is variation in regards to level of poverty and also the particular circumstances of people are going to likely vary quite a bit in terms of some folks who are poor having discretionary income and others not having it.  Most people with an income are going to have some discretionary income, yet some people will have very low levels of discretionary income that it becomes impractical and even imprudent to buy bitcoin with that discretionary income, since maybe even some weeks they end up needing the discretionary income that they had from earlier weeks, so it would not have had been good to lock that money up into bitcoin..

[Odohu]

Being poor doesn't mean that you can't be able to solve your daily expenses or have discretionary income; it will only stop you from living a luxury lifestyle and traveling abroad for vacation. There are some investors who are accumulating bitcoin right now, and if they try to live a luxury lifestyle or accumulate bitcoin aggressively, they will find it very difficult to solve their daily expenses because they are not rich enough to do that, or they don't have a good discretionary income that will allow them to do that. If you can figure out how to invest in bitcoin in such a way that it cannot stop you from solving your daily expenses, even if you are poor, you can still accumulate bitcoin and hold it for a long time. Some people in the forum are poor, but yet they are still accumulating bitcoin because they understand how to accumulate bitcoin without finding it hard to solve their daily expenses and what they will achieve in the long run with their bitcoin investment.

Actually, being poor does not mean that you will be deprived of Bitcoin investment, with proper planning and proper financial income and expenditure management, it is possible to achieve big goals in the long run by earning a little money and saving a little.
It is not right to reduce your standard of living by investing aggressively. Especially those who are middle-class and poor, many times it is seen that middle-class and poor people save money for a long time, in a box or in a bank, and when they have some amount of money, they want to invest it in a good place.
In this case, if these middle-class or poor people invest Bitcoin aggressively with this kind of money, they may also face losses.
So that your lifestyle does not have any negative impact on your lifestyle, you should invest in Bitcoin with this kind of money, so middle-class and poor people should make strategic decisions intelligently. And these people should definitely adopt DCA for Bitcoin investment.
Your income is low? If you calculate your income and expenses, there is very little money left for savings? In the case of DCA, this is not a problem, because DCA gives a very good return even from this small investment. But for this, DCA must be run for the long term.

I think that word in this context is actually vague and if we want to turn it into argument, it will make us deviate so much from the topic. By definition, if you are poor, it means basic needs have not even been met which breaks the first condition of investing and sustaining the investmemt.  To invest and HODL, you must be able to meat basic needs first, then invest from the excess of that and work out some fractions as emergency funds to cover unforeseen events that cannot just wait but be fixed. For the purpose of clarity, being poor is not the same thing as being a low income earner. The later can have his basic needs met but barely have excess to  invest heavily so they can decide to use the DCA method to but small at a time in such a way that he will not be in a pressure to sell.

Of course the entire thing depends on several other factor because someone that will be considered a low income earner in come countries might actually be an elite in some other countries.

[Agbamoni]

Maybe you can describe the kind of situation that you perceive someone to have in which they would want to invest  less than 4 years?  And, what is the big deal if some of us are saying that they are trading rather than investing?

I don't want to be speaking for the short-termers/traders out there. But there are several excuses when it comes to their goals to invest in less than 4 years. One excuse is that beginners use short-term strategies to learn about the behavior of the market, while others go as far as setting a 2 to 3 years goal like buying a house or starting a business but in reality, this doesn't change the fact that they are still practicing trading even if the intention are goal-oriented

Even if you think that you know the pattern of bitcoin, and you believe that 2025 is going to be an UP year, how come you would need to consider that as a trade rather than an investment?

Regarding this scenario, no one is certain about 2025 being a UP year it's still more of a speculation. But honestly, if someone allowed his foresight to influence his strategy based on patterns and data, I say it's fair to call them a trader because they focus on a short-term approach. Perhaps we are on the same page on this one?

Part of the reason that I am a bit of a stickler for the semantics is to help guys to think about what they are doing, yet in the end, guys are free to do what they want, yet if they start to say that they are buying bitcoin for some timeline that is less than 4 years, then most likely I am going to proclaim that they are trading rather than investing... but yeah, if you have some particular circumstances that you want to discuss in order to clarify the point, or if you want to say that you are investing when you are really trading, then maybe you are just lying to yourself about what you are doing?

I truly appreciate your clarity on how to distinguish between trading and investing. It really is important to people who still don't understand what it means to have an approach and timeline. Semantics can help investors develop a detailed financial strategy and ensure that they are honest about what they are doing. Honestly, I agree with you as long as it has to do with selling within a short timeframe that is what makes it trading. Investing, in my own point of view involves a long-term commitment to the asset regardless of market cycles and letting the value of Bitcoin grow for several years. I believe you can agree with me on this. I try to be clearer on what am saying here so you don't get to see it the other way road. Although i tend to want to view things the other way yet i don't act toward that part. Well, it is what it is we all know the truth here.