Buy Buy Buy or Sell Sell Sell?

[Gooner0]

Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view.
 
You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever.

Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform.

It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds.
For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week.

You don't actually needs to be complicating when talking about acquiring Bitcoin, let's be just straight forward about it, it's either you accumulate it through the DCA accumulating strategy, you buy through the lumps sum method or you buy anytime you have money you can do away with for a very long period of time.
Then as for the part of holding resiliently, it's a total different thing altogether, it all boils down to you having a reliable source of income available that you will use in financing your basic expenses in your daily lives, and an emergency fund kept aside so that you can address any emergencies that may arise in the future without you tempering with your holdings.
So having an emergency funds and a source of income is very much important in your ability to keep to your investment on the longer run, because without it, it's just a matter of time before your start tempering with your investment anytime you are faced with serious financial burden that may arise.

Totally depends into your preference because if you are really that not wanting to complicate things up then you would really be just that needing up to hold up your coin. If you are someone whose really that wanting to have that wanting to make money or profits in short time. It will be that just basing into your risks management because there are those who are risks takers and there are ones who doesnt really like to take up such action and thats why they have decided to hold up their coins and wont be doing something. The most important approach on here is to secure your profits on the moment that you will be having that opportunity but of course everything will be that depending on your preference because not all will really be that having that same mentality. When you do step your foot into this market then make it sure that you are really that wary on how this market moves and on how it will really be that this kind of changes on which if you are that wary when it comes into this manner then you do have at least the idea on what you are doing since you do know on what you are dealing on with. So it will be just that depending on which path you would really be taking into. On the moment that you will be making up decisions then make it sure that this is something that you wont be regretting on the actions you had made out. Just make it sure that you had applied some analysis and doesnt really that rely or depends on on some intuition calls because it will be that everything be changes up.

Sometimes I get confused when I read posts that are describing profits and risk management as if we are trading prior to having had accumulated a decent BTC stash. Selling BTC is not accumulating BTC and does not seem to be part of risk management nonsense especially for beginners who should be focusing on ongoing, persistent, consistent and perhaps even aggressive buying of BTC... weekly or whatever else within our means... so the main thing is to keep buying no matter what. and try NOT to run out money or to get reckt along the way... .. so yeah.. make sure the emergency fund never gets below a certain amount and make sure that if income goes down or expenses go up that there are back up funds or even float to cover those kinds of fluctuations.. and after ongoingly doing this for 1-2 cycles (or perhaps more?) your BTC stash size will start to inform you the extent to which to modify what you are doing and whether you have gotten to a stage in which selling (or profits) might be a relevant consideration.. .. I would presume most guys to currently be "in profits" but hardly have shit for a BTC stash, so they have to keep stacking and not getting diverted by their being "in profits," and so the main risk management is to not run out of money to keep buying BTC every single week if possible.. perhaps 4-8 years steady before the system might be able to be tweaked towards some other variation.

Sure milewilda.. you have been registered on the forum since late 2015, so you have already crossed over 9 years, and sure you might be transitioning to some other stage of your journey where you might have more flexibility than some of the other guys here.. but you write your posts with seeming assumptions that guys have already gotten to a sufficient and/or adequate stage of BTC accumulation (and I question even if you have based on your own ongoing harping on profits  or risk management that seems to relate to profit-taking).. .. It does not seems to be a safe presumption to be suggesting that very many posters have actually reached enough or more than enough BTC that they can start to move away from practices of ongoing accumulation of BTC on a regular, persistent and consistent basis.

You also mention applying analysis. Why does any guy need to apply analysis?  We are either still accumulating bitcoin or we aren't.  Where does the analysis come in? You trying to trade this?  You slowing down as the BTC price goes up?  Sure maybe you can do it, but even in your case if you have not reached an overaccumution state, what is the purpose of your supposed analysis?

Ultimately of course you can do what you like, but your message is a bit confusing since you seem to be talking about long term investing yet considering that some trading techniques are going to help a person to get to his higher levels of accumulation faster, which causes me to speculate that you might be suggesting to either sell on the way up or to back off with BTC accumulation techniques based on BTC price movements, which yeah, it might possibly work for someone who reached a higher stack size, yet even that seems to be a pretty lame approach to be suggesting that buys are going to be able to time their buys or potentially sells by doing BTC market analysis... We have a lot of dumb market analysis out there so your general reference to market analysis is not really helpful in regards to how something like that might apply.. except that you have some vague ideas about your supposedly knowing where the BTC price might be going in advance?

It seems like buying or hoarding btc at this current price has been made seemingly easy for everyone to acquire which in actual fact it isn't, it is really advisable to get as many Bitcoin now as you can get , but mind you, ... You shouldn't do more than you can.
If you think acquiring a little and holding for a long time would be smoother and risk free or even easier for you it's your opinion, everyone should be entitled to Thier own way of wanting to do something.
There are people who go as far as taking loans and going in to debt to acquire Bitcoin, which personally I think is improper. Because you never can tell they can be repercussions but whatever be the case everyone still has to do what they themselves think is right.

[Sticky Bomb]

Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view.
 
You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever.

I think i understand what the op was trying to say and i think what he was trying to say is that investing in bitcoin and holding it for a very long period of time can be very challenging because of some unforeseen circumstances that may or will try to push an invest or would i say make them want to touch their holding thereby spoiling the whole idea, target and plan. However, being consistent is not also easy even though some investors will claim it to be and apart from being consistent too some investors encounter financial challenge sometimes as a result of source income depreciation and which off course can make an invest not to be steady with a particular amount so i think these are what the op was trying to say.

These unforseen circumstances are the reason you should have an emergency fund, honestly the importance of emergency fund can never be overemphasized, it's like the lifeguard of your investment, emergencies are bound to happen and when they occur, our emergency funds fulfills it's purpose.

It's advised to build your emergency funds alongside your Bitcoin accumulation and you can also introduce variances of reserve funds to tackle recurring expenses that are not necessarily emergencies to enable emergency funds tackle only real emergencies. Achieving an investment maturity in being committed to accumulation and not having to tamper with your portfolio may take the new investor some time to achieve it, but if the investor remains consistent and determined, it's surely achievable with time.

[arwin100]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

Provably that they experience this $460M Worth of BTC Long Positions Liquidated in Past 24H Reading that article made me think that people experience getting liquidated is so unfortunate.. These are the troubles that they might experience especially if they are not paying attention with their trades.

That's why if they are working dudes and can't monitor their trades better if they just buy Bitcoin then hodl it since this will give them less stress also they provably got inspire to continue or be consistent for accumulating especially if they see that their accumulated volume continue grow.

[DubemIfedigbo001]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

Provably that they experience this $460M Worth of BTC Long Positions Liquidated in Past 24H Reading that article made me think that people experience getting liquidated is so unfortunate.. These are the troubles that they might experience especially if they are not paying attention with their trades.

That's why if they are working dudes and can't monitor their trades better if they just buy Bitcoin then hodl it since this will give them less stress also they provably got inspire to continue or be consistent for accumulating especially if they see that their accumulated volume continue grow.

That is what you get from trying to outsmart yourself, Now imagine if these funds were held up to next two cycles?, we might sure be seeing billions there. The losses of trading are always too unbearable and yet, people are blinded by its purported quick profits and not giving attention to it's destructive tendencies, ther's nothing as peaceful and profitable as investing in bitcoin with cold cash.

I stumbled on a similar story of my country's richest content creator who trusted people to trade forex for him, lost heavily on funds, and watched his properties slip into the hands of loan sharks and at some point even entertained sucidal thoughts. here's the link. Simply investing this funds should have bought him at least over 38 bitcoins on a lump sum and you would imagne what profits awaits him in the next two cycles or so. You can observe he couldn't trade, so he had to entrust his funds in the hands of other people who ruined him. Bitcoin investment gives us the ability to be in charge of our finances and increase the chances of good profitability on the long-run by ourselves through consistent and committed accumulation and not necessarily having to trust someone to do it for us like the content creator in the example I gave above.

[Tamaperdana]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Because Bitcoin investment is the same, if the person carrying it out is someone who doesn't have the right knowledge and is obsessed with wanting to get rich quickly. I'm sure this won't produce maximum results. Because what is certain is that typical people like that usually have a tendency to quickly panic, are impatient, and have no commitment to their own intentions. Therefore, it is very likely that if a person invests in bitcoin, and for example the price of bitcoin falls, a person with these characteristics will immediately panic and sell. Therefore, knowledge, experience and understanding are very important in the realm of bitcoin and crypto investment or trading.

[Sticky Bomb]

.....EDITED OUT

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

There are few traders who actually know what they are doing, the rest are just messing up themselves and their finances. Investing in bitcoin is very much better than trading it because you need not pay unnecessary attention to any news nor trends, but remain focused in your Job or career in order to raise funds for your periodic accumulation of bitcoin, build your emergency funds and other backup funds and get better at your cashflow management. Its all majorly positives for bitcoin investors and majorly heartbreaks and tension for most traders I know.

Because Bitcoin investment is the same, if the person carrying it out is someone who doesn't have the right knowledge and is obsessed with wanting to get rich quickly. I'm sure this won't produce maximum results. Because what is certain is that typical people like that usually have a tendency to quickly panic, are impatient, and have no commitment to their own intentions. Therefore, it is very likely that if a person invests in bitcoin, and for example the price of bitcoin falls, a person with these characteristics will immediately panic and sell. Therefore, knowledge, experience and understanding are very important in the realm of bitcoin and crypto investment or trading.

Bitcoin investment is not the same and you don't need all knowledge and experiences to get started. it baffles me that most traders upon the time most of them spend learning to fuck around with bitcoin ends up getting fucked up by the markets, while investors who doesn't have much knowledge nor experience, but starts accumulating bitcoin with the right mindset and available discretionary income ends up being far more successful than them traders in the long-run.  Anyone carrying out bitcoin investment with the mindset of getting rich quick is merely trading it and not necessarily investing into it, I think we should be clear on that and such gambling has a very high tendency failing the gambler no matter how accurate he thinks he is in monitoring the markets to enter at a good buy position again. Such people did not begin their accumulation on the right mindset, they were only focused on price and not their accumulated target. A good investor focuses more on his accumulation target and disciplines himself to continue buying bitcoin across cycles without entertaining the thought of selling or shaving off profits as the case may be.

[Futurexxx]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

[Ruttoshi]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

You are misunderstanding the first thing that is needed before venturing into bitcoin investment which is an income and a discretionary income. I feel this is the primary thing because it's from your discretionary income that you will use to start your bitcoin investment and also for growing your bitcoin portfolio overtime with DCA buying strategy. It's also your discretionary income that you will use to build your emergency funds and that's why I feel that you can get started right away when you have your discretionary income and invest with one regular every week and use the other part to grow your emergency funds for at least three months.

If you don't have a discretionary income, and buy bitcoin with funds that is not your extra funds, you will end up selling your bitcoin quickly and I see that as gambling because you must get burned.

[Zackz5000]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Because Bitcoin investment is the same, if the person carrying it out is someone who doesn't have the right knowledge and is obsessed with wanting to get rich quickly. I'm sure this won't produce maximum results. Because what is certain is that typical people like that usually have a tendency to quickly panic, are impatient, and have no commitment to their own intentions. Therefore, it is very likely that if a person invests in bitcoin, and for example the price of bitcoin falls, a person with these characteristics will immediately panic and sell. Therefore, knowledge, experience and understanding are very important in the realm of bitcoin and crypto investment or trading.

Those that trade bitcoin are gamblers while investor accumulate Bitcoin and HODL for long and it has been said severally not to bring up Crypto matter in this thread in other not to get us distracted and focus on bitcoin investment, investing in bitcoin doesn't require having deep knowledge before Investing as you can get started immediately if the basic knowledge is there and figure other things out along the process instead of trying to have all knowledge because I don't believe you can get all knowledge without starting bitcoin investment first from somewhere you can start if you have set aside your discretionary income which is your leftover income after you might have settle out your personal needs and also make provision for your emergency fund along the line and start accumulating Bitcoin little after little using the DCA method which gives you the leverage to accumulate Bitcoin regularly either every weeks or months irrespective of the price of Bitcoin and HODL for long.

[Jewan420]

You are misunderstanding the first thing that is needed before venturing into bitcoin investment which is an income and a discretionary income. I feel this is the primary thing because it's from your discretionary income that you will use to start your bitcoin investment and also for growing your bitcoin portfolio overtime with DCA buying strategy. It's also your discretionary income that you will use to build your emergency funds and that's why I feel that you can get started right away when you have your discretionary income and invest with one regular every week and use the other part to grow your emergency funds for at least three months.
If you don't have a discretionary income, and buy bitcoin with funds that is not your extra funds, you will end up selling your bitcoin quickly and I see that as gambling because you must get burned.

I do not consider the source of income merely as a primary factor for investment, but rather as the main or fundamental aspect of investment. If you seek investment advice from anyone, they will first advise you on having a prudent source of income or alternative income sources. If you do not have a prudent or alternative source of income, they will surely advise you to find a source of income before making any investment, and this source must be a prudent one. Alternatively, they might suggest that you combine a general income source with an alternative one to make it suitable for investment. Without an income source, investment is like a fish out of water—it will begin to die over time.

For those planning to invest, it is crucial to give the most attention to the fundamental factor of income sources. If you already have an income source, you must assess how suitable it is for investment, meaning you must have a reliable income source for investment. For instance, after fulfilling your daily needs, you should have surplus funds for investment, the income source should have a clear duration, and you should be capable of preparing a backup fund. If your income source is not prudent, you will need to look for alternative sources that can provide additional surplus funds.

By combining your primary and alternative income sources and ensuring that all rules and regulations for maintenance are followed, you can manage investments effectively. Only then will you be allowed to invest. There is no alternative to having an income source for investment. Ignoring this will make your investment unsustainable, just like a fish without water.

[PremiumcryptoHub]

It seems like buying or hoarding btc at this current price has been made seemingly easy for everyone to acquire which in actual fact it isn't, it is really advisable to get as many Bitcoin now as you can get

I totally disagree with your comments, you should remember that it is much easier for everyone to buy and deposit bitcoins at current prices if the person has financial earnings. Anyone who has money to buy bitcoins can enter the market at any time and buy bitcoins. Buy as much Bitcoin as you can afford, you don't need to buy a lot of Bitcoin in the initial stage to invest. You can start investing in Bitcoin with a small amount of money, many investors have started their investments with a small amount of money.

There are people who go as far as taking loans and going in to debt to acquire Bitcoin, which personally I think is improper. Because you never can tell they can be repercussions but whatever be the case everyone still has to do what they themselves think is right.

Investing with debt is never right and it is not advisable, why invest in debt when you have an source of income? We have to be very careful while investing with debt because we have to be careful not to sell our investment in any way. Instead of investing with debt, my advice is if you have some amount of money i.e. small amount then invest with it. Later, when you have more money, you can buy more Bitcoin. Keep investing by continuously buying Bitcoin in this way.

[Miles2006]

There are people who go as far as taking loans and going in to debt to acquire Bitcoin, which personally I think is improper. Because you never can tell they can be repercussions but whatever be the case everyone still has to do what they themselves think is right.

Investing with debt is never right and it is not advisable, why invest in debt when you have an source of income? We have to be very careful while investing with debt because we have to be careful not to sell our investment in any way. Instead of investing with debt, my advice is if you have some amount of money i.e. small amount then invest with it. Later, when you have more money, you can buy more Bitcoin. Keep investing by continuously buying Bitcoin in this way.

The issue with debt when investing depends mostly on collateral, I’m not sure if this is popular probably people still practice this. When taking loan there’s a requirement besides I will not advice anyone to involve in such and there’s what we call interest rate, it might increase depending on the time and what if the investor is not yet financially stable to settle the loan meanwhile investing is still at the corner waiting let’s imagine. Personally taking loan when it comes to bitcoin investment can be stressful and unhealthy so why should anyone stress he/herself, the concept of investing should be done moderate according the level set.

[Youngrebel]

Bitcoin investment could be done in a steady manner without much pressure on any individual.  When you decide to invest in Bitcoin, you should simply take into consideration some factors such as
1. Ensure you are  able to keep good track of your total income. 2. Set a budget for your daily, weekly and monthly expenses 3. Ensure to keep emergency funds. 4. Decide and be dedicated to set a target for investment as the income comes with a regular increase as your income increases with time. 5. Dedication and devotion of minds to your target.
By these anyone can comfortably live a normal life without breaking the banks and do long term investments that would pay off huge in time to come.

[SuperBitMan]

There are people who go as far as taking loans and going in to debt to acquire Bitcoin, which personally I think is improper. Because you never can tell they can be repercussions but whatever be the case everyone still has to do what they themselves think is right.

Investing with debt is never right and it is not advisable, why invest in debt when you have an source of income? We have to be very careful while investing with debt because we have to be careful not to sell our investment in any way. Instead of investing with debt, my advice is if you have some amount of money i.e. small amount then invest with it. Later, when you have more money, you can buy more Bitcoin. Keep investing by continuously buying Bitcoin in this way.

The issue with debt when investing depends mostly on collateral, I’m not sure if this is popular probably people still practice this. When taking loan there’s a requirement besides I will not advice anyone to involve in such and there’s what we call interest rate, it might increase depending on the time and what if the investor is not yet financially stable to settle the loan meanwhile investing is still at the corner waiting let’s imagine. Personally taking loan when it comes to bitcoin investment can be stressful and unhealthy so why should anyone stress he/herself, the concept of investing should be done moderate according the level set.

Taking a loan to invest in Bitcoin is very wrong, why would you take a loan to invest in Bitcoin knowing fully well that Bitcoin investment is not a Ponzi scheme, I have a friend when he started Bitcoin investment as a newbie he went to take a loan and then used the money to buy Bitcoin and hold, he was thinking that before the expiring date given to him to repay the loan Bitcoin would have rise and he will then sell and make profit there by paying off the loan, but it didn't work for him like that, he had to sell off the Bitcoin he was holding and sold some of his property in other to pay off the loan together with the interest,
Bitcoin is an investment that we shouldn't rush into just to make quick money, if you want to invest in Bitcoin you need to have a source of income and then start buying Bitcoin little by little using the DCA strategy, if you don't have a source of income you don't need to invest in Bitcoin because if you do you may be tempted to sell it off and use the money to settle your bills. The only reason an investor can borrow or take loan is when he has used up his backup funds which is emergency, reserves and float funds and instead of dipping hands into your Bitcoin investment you can take a loan as long as you have a source of paying back but if you don't have a source of paying back then it is advised to dip hands into your Bitcoin investment.

[Mayor of ogba]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

[liuka]

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

Starting an investment in bitcoin today is also very good because there is nothing different from previous years. The expensive price is certainly not a problem because the focus of the purchase can be done gradually, I think bitcoin is good for long-term investment not short-term because the strength of bitcoin's increase looks good every year. Someone must have experienced financial difficulties but if they have an emergency fund then they can use it instead of selling bitcoin.

Also, most investors who are successful in bitcoin of course do not care about news developments, they only buy and hold so there is no fear in them. But if investors follow the news that develops too often in the near future they make mistakes more often because their mentality can be brought down by fud.

[Zackz5000]

There are people who go as far as taking loans and going in to debt to acquire Bitcoin, which personally I think is improper. Because you never can tell they can be repercussions but whatever be the case everyone still has to do what they themselves think is right.

Investing with debt is never right and it is not advisable, why invest in debt when you have an source of income? We have to be very careful while investing with debt because we have to be careful not to sell our investment in any way. Instead of investing with debt, my advice is if you have some amount of money i.e. small amount then invest with it. Later, when you have more money, you can buy more Bitcoin. Keep investing by continuously buying Bitcoin in this way.

The issue with debt when investing depends mostly on collateral, I’m not sure if this is popular probably people still practice this. When taking loan there’s a requirement besides I will not advice anyone to involve in such and there’s what we call interest rate, it might increase depending on the time and what if the investor is not yet financially stable to settle the loan meanwhile investing is still at the corner waiting let’s imagine. Personally taking loan when it comes to bitcoin investment can be stressful and unhealthy so why should anyone stress he/herself, the concept of investing should be done moderate according the level set.

Taking a loan to invest in Bitcoin is very wrong, why would you take a loan to invest in Bitcoin knowing fully well that Bitcoin investment is not a Ponzi scheme, I have a friend when he started Bitcoin investment as a newbie he went to take a loan and then used the money to buy Bitcoin and hold, he was thinking that before the expiring date given to him to repay the loan Bitcoin would have rise and he will then sell and make profit there by paying off the loan, but it didn't work for him like that, he had to sell off the Bitcoin he was holding and sold some of his property in other to pay off the loan together with the interest,
Bitcoin is an investment that we shouldn't rush into just to make quick money, if you want to invest in Bitcoin you need to have a source of income and then start buying Bitcoin little by little using the DCA strategy, if you don't have a source of income you don't need to invest in Bitcoin because if you do you may be tempted to sell it off and use the money to settle your bills. The only reason an investor can borrow or take loan is when he has used up his backup funds which is emergency, reserves and float funds and instead of dipping hands into your Bitcoin investment you can take a loan as long as you have a source of paying back but if you don't have a source of paying back then it is advised to dip hands into your Bitcoin investment.

Taking a loan to invest in bitcoin is not actually a bad idea if there is a means to pay back before due time but if your intention is to borrow and pay back when you sell out your Bitcoin then it is very wrong because bitcoin investment is not what you will invest now and expect return in some few months time since it is for a long-term purpose your means of paying back shouldn't hope on your investment.
Your friend lack basic knowledge about Bitcoin apart from bitcoin investment it is still wrong to take a loan for a start up business when you don't have a means of paying back then hoping you can pay back through the business talk more of bitcoin investment.

If you can make provision for your discretionary income after you might have sort out your personal needs you can gradually because accumulating Bitcoin regularly using the DCA method it is also good we have something that is generating little income so we can keep our bitcoin investment going by regularly having sufficient discretionary income to grow our bitcoin stack.

[edy_58]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

[Tungbulu]

Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

Bitcoin investment complex I don't picture it that way. Assuming you said learning the technicalities of bitcoin is complex, it could have been understandable for me, but saying investing in it is complex, I disagree, at least from my own point of view.
 
You don't need any stress to calculate how much of your earnings you can invest in bitcoin, how long you want to hold it, and what strategy you want to use in buying it. Another area that could have made it complex, which it's not, is buying, because acquiring bitcoin nowadays has been made easier more than ever.

Investing in Bitcoin is not a complicated process. Investing in Bitcoin is easy if you have basic knowledge and money. An investor only needs to change his perspective. In random investments, the investor will only waste his money and time, on the other hand, investing in Bitcoin will create the possibility of rapid growth of his assets. If the investor can hold Bitcoin for a long time, then he will benefit from it without any stress. The holder does not need to acquire much technical knowledge in investing in Bitcoin. Only if he is able to hold his assets in a safe wallet for a long time, that is enough. In investing here, an investor can be free from human pressure, which is very difficult from any other investment platform.

It may be easier for you to accumulate Bitcoin if you have a disposable income source and can grow it over time. The technical means of accumulation is having a wallet and the mental preparation that the holding will increase over time. A separate and reliable source of income is 100% prepared to take care of the family. It is easier for financially established individuals to accumulate Bitcoin but it is tempting to trust it and hold it for the long term. To keep Bitcoin safe for a long time try to increase the amount of floating backup funds.
For investors with relatively low incomes it is important to continue to deposit any amount according to the rules and consistently every cycle. Yes it is important to keep yourself stress free to keep holding Bitcoin for a long time where you try to have a platform to implement your strategy. Establish a specific strategy for running Bitcoin deposits, such as increasing discretionary income and floating cash at the end of the week.

You don't actually needs to be complicating when talking about acquiring Bitcoin, let's be just straight forward about it, it's either you accumulate it through the DCA accumulating strategy, you buy through the lumps sum method or you buy anytime you have money you can do away with for a very long period of time.
Then as for the part of holding resiliently, it's a total different thing altogether, it all boils down to you having a reliable source of income available that you will use in financing your basic expenses in your daily lives, and an emergency fund kept aside so that you can address any emergencies that may arise in the future without you tempering with your holdings.
So having an emergency funds and a source of income is very much important in your ability to keep to your investment on the longer run, because without it, it's just a matter of time before your start tempering with your investment anytime you are faced with serious financial burden that may arise.

Totally depends into your preference because if you are really that not wanting to complicate things up then you would really be just that needing up to hold up your coin. If you are someone whose really that wanting to have that wanting to make money or profits in short time. It will be that just basing into your risks management because there are those who are risks takers and there are ones who doesnt really like to take up such action and thats why they have decided to hold up their coins and wont be doing something. The most important approach on here is to secure your profits on the moment that you will be having that opportunity but of course everything will be that depending on your preference because not all will really be that having that same mentality. When you do step your foot into this market then make it sure that you are really that wary on how this market moves and on how it will really be that this kind of changes on which if you are that wary when it comes into this manner then you do have at least the idea on what you are doing since you do know on what you are dealing on with. So it will be just that depending on which path you would really be taking into. On the moment that you will be making up decisions then make it sure that this is something that you wont be regretting on the actions you had made out. Just make it sure that you had applied some analysis and doesnt really that rely or depends on on some intuition calls because it will be that everything be changes up.

Sometimes I get confused when I read posts that are describing profits and risk management as if we are trading prior to having had accumulated a decent BTC stash. Selling BTC is not accumulating BTC and does not seem to be part of risk management nonsense especially for beginners who should be focusing on ongoing, persistent, consistent and perhaps even aggressive buying of BTC... weekly or whatever else within our means... so the main thing is to keep buying no matter what. and try NOT to run out money or to get reckt along the way... .. so yeah.. make sure the emergency fund never gets below a certain amount and make sure that if income goes down or expenses go up that there are back up funds or even float to cover those kinds of fluctuations.. and after ongoingly doing this for 1-2 cycles (or perhaps more?) your BTC stash size will start to inform you the extent to which to modify what you are doing and whether you have gotten to a stage in which selling (or profits) might be a relevant consideration.. .. I would presume most guys to currently be "in profits" but hardly have shit for a BTC stash, so they have to keep stacking and not getting diverted by their being "in profits," and so the main risk management is to not run out of money to keep buying BTC every single week if possible.. perhaps 4-8 years steady before the system might be able to be tweaked towards some other variation.

I totally get where you’re coming from. It’s always important to prioritize consistent accumulation when building up a bitcoin stash rather focusing on selling, current price and even how much profit you stand to make with your investment. The only risk management approach that should be considered at this point of accumulation should be ensuring that there’s  enough funds to support your consistent buying without getting totally drained.

I totally agree with you that most people might actually be “in profit” on paper, but if they do not have enough Bitcoin stacked up, then they’ll definitely need to keep it going with the accumulation until their Bitcoin stash is Solid. Investors shouldn’t be focused on profits, because this could serve as a major distraction, resulting to selling rather too early or not getting to accumulate enough Bitcoin.

Your approach to prioritize building the emergency and other back up funds, making sure that one maintains a steady income stream and consistent BTC accumulation is indeed very plausible, especially for newbie investors and starters, then once they’ve been able to succeed by building a solid and sizeable portfolio for over 1 to 2 cycles or even more, considering on how aggressive they’ve been with their accumulation, then they may be able to reassess and possible make some significant adjustments if/where needed.
This is so far the best approach, to first focus and prioritize building a solid Bitcoin stash first before any other thing, rather than focusing on short term profits.

[Frankolala]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

You only need to understand the basics of bitcoin, that's a long-term investment and you are to invest only with your discretionary income. After that you should know how to buy bitcoin from an exchange and figure out how much of your discretionary income you can use to buy bitcoin that's will enable you keep your regular weekly/monthly DCA ongoing for 4-10 years and above. You also need to set up an emergency funds if you don't have any. That can be done at the same time as you are investing. You share your discretionary income into two part, one for your regular DCA and the other to build your emergency funds simultaneously with your bitcoin investment.

Your emergency funds should be at least three months of your monthly income so that whenever any unforeseen circumstance arises during your bitcoin investment journey, you can get rid of it with your emergency funds.