Buy Buy Buy or Sell Sell Sell?

[Ruttoshi]

[edited out]

Actually not all especially for those people who didn't take their position yet. Maybe they got less information about what better thing to do and what feed up in their mind is those wrong mindset to buy at the dip that's why they scared about if the market pumps or either experiencing some heavy red days.

I guess these people didn't have good experience that's why what better thing to do is to research for helpful information and join healthy discussion about what best thing to do especially if they want to invest with bitcoin.

Since for sure that they would learn lots of things especially those important aspects like this
Money management
How to do DCA
Setting up their emergency funds
And how to increase their beliefs that Bitcoin is strong asset and there's provably huge gonna happen especially that adaption rate is growing, also many more.

People just need courage to start their investment and everything will follow after that.

Newbies need courage, but also they need to start, so if they are having dilemmas in regards to the various points that you are raising, then they still should start and adjust their position size to a smaller amount.

And, yeah, they might have to create a list and then figure out which parts of their list has higher priorities.

They are not sure if they believe in bitcoin as an investment or not as compared with other places that they could put value.

At the same time, they ONLY have so much time to research into the matter.

if they choose to invest $10 per week while they are researching further into the matter, they still have to dedicate some time for figuring out from where they are going to source their coins. and other kinds of actions related to that.   They also have to make sure that $10 per week is a sufficient amount for them to get started.. so they might have to figure out some aspects of their own budget.

Maybe if they are choosing to invest $10 per week into bitcoin, then maybe they would also be able to figure out a way to dedicate a minimum of 2-4 hours per week studying things that are related to bitcoin.

I am not unsympathetic, since it is true that any of us have to likely dedicate a certain amount of time whenever we are gong to change or add any new thing to our lives, and especially, we  have to dedicate time when we feel that it is something that is quite different than what we are already accustomed to doing.  WE might not be experienced in investing and we also might not have had spent a lot of time making sure that we had an emergency fund, even though sure we might have already had a practice of try to make sure that we do not run out of money between the times that we are paid.. so we might have had already established a practice in which we have 2-6 weeks of cash that is available in case our expenses are higher than expected or our income is less than expected.

The reason for the need for courage in beginners is that when a new investor sees the market going up and down, he may panic and think he will lose his money, his blood pressure may start to rise, the more a new investor reads and studies, the more he will benefit, he will learn and understand how to organize his portfolio and when to make a decision. However, Bitcoin is a volatile currency, so he needs to be a more interested investor in the DCA method, beginners get weak or a little scared when he tries something new and when he thinks if it is possible for him, his blood pressure rises. If someone can make a tough decision that it will be done by me, yes I will get this much courage, he will be more focused on his perseverance.

Stop making investing of bitcoin to look scaring and unhealthy by saying someone blood pressure will rise because of a dip. A new investor should learn the basics knowledge of bitcoin and if he is still not convinced, he can start investing with very little amount in the beginning of his bitcoin investment. That little amount will make him not panic when bitcoin price dips, because he does not give a fuck about what happens to the money.

As he is investing, he can also be learning more at the same time so that he can have a better understanding on what he is investing into. During the passage of time, when the new investor have built confidence in bitcoin based on his knowledge and experience, he can increase the amount that he was using to invest initially and invest aggressively to cover up all those time that he has doubt for bitcoin and was investing in a whimpy way.

Experience is the best teacher in bitcoin investment and you should only invest in a long-term with the amount of money that you can afford to lose. Your priority should be keeping your DCA running weekly with consistently and persistently for 4-10 years and above, and sorting other means to increase your income in order for you to also increase the amount that you are putting into bitcoin.

Bitcoin is a volatile asset and it's the volatility that is keeping traders and investors in the market.

[Tmoonz]

The reason for the need for courage in beginners is that when a new investor sees the market going up and down, he may panic and think he will lose his money, his blood pressure may start to rise the more, a new investor reads and studies, the more he will benefit, he will learn and understand how to organize his portfolio and when to make a decision. However, Bitcoin is a volatile currency, so he needs to be a more interested investor in the DCA method, beginners get weak or a little scared when he tries something new and when he thinks if it is possible for him, his blood pressure rises. If someone can make a tough decision that it will be done by me, yes I will get this much courage, he will be more focused on his perseverance. The advice for new investors is to invest in alternative sources of income and try to learn something new. They should try to increase their cash flow, and one more thing to add to their list is investment funds

Every newbie must first understand that the going up and down of the market is the nature of Bitcoin called [volatility] and if it where not so there is no way new investors will keep coming to the market and the market may not have been interesting as it is today hence every new investor should have that in their mind and that's how Bitcoin works, on that notation, there is no reason for panicking on seeing those ups and down especially when you didn't borrow money to invest, you didn't use the money that you are supposed to use to solve your basic needs and you are not in for short term gains, invest with your own money and within your own level of discretionary income, keep buying and holding, anytime you buy Bitcoin just know is for the future Why panicking when you are still in the present, ask yourself how much of Bitcoin do you have and how long have you been holding.

[Ricardo11]

now Bitcoin is dumping, it will pump again soon. So it is wise to use this opportunity of the present time. The more Bitcoin the investor can strategically accrued at this time, the more profit that investor will be able to make in the future. So see the present time as a golden opportunity for investment and keep accumulating Bitcoin as much as possible. If you accumulated Bitcoin now, you will get a lot of good things back later.

How much do you say or meant to say about the investment?As far as I know, people of all classes, regardless of the rich, can invest Bitcoin If you just invest for profit, this is a wrong decision, because it may not give you the capital as you like. If you look at one thing you will see people from the bullshit period from the bullish periodBitcoin is more interested in buying Now Bitcoin is dumping so many people are in confusion now, but I am investing regularly because at any time it will prepare for the racing competition.

The market is full of unexpected movements. So the market never only goes up, there will always be market corrections, corrections are strength, the bigger the correction, the stronger the market will come back later, investors cannot buy at the right time, because they cannot understand that the dump is the best time to buy Bitcoin. Looking at the success of Bitcoin from the beginning to the present, it can be understood how successful Bitcoin is already. So even after seeing this huge success of Bitcoin, how are investors still afraid to invest in Bitcoin? In fact, they do not understand the real potential of Bitcoin. And in the next bullish season, they will only regret it, and real investors will succeed.

[justinlamode]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k. Anyways, it shouldn't be my concern since I'm still in my accumulation zone and I even want price lower to enable me get maximal amount of Bitcoin for my regular DCA amount. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again. The key thing is to continue to buy and not get discouraged by the correction.

[Marvelockg]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k

were you waiting for the DIP to be over as though there will ever come a point in time when bitcoin will only keep going upward and never get some form of correction? or a time when bitcoin will be going downward and never recover back to getting really bullish again? if you understand the concept of the volatility of bitcoin and have at least done some research on past correction and recovery and have possibly stayed long enough to witness it happen, you should know that there is no point trying to be too accurate on when a DIP is over or not.

when bitcoin will eventually go back to $100k and cross that Margine to in the future above $200k to whatever price it will get to, the journey won't be one that will be void of correctio at some point. the principle of demand and supply and FUD and a lot of other factors that are responsible for the volatility will continue to act on bitcoin causing it to continue experience that sort of movement. the best thing to is to be more focused on the long-term potential of bitcoin and make the best out of the present buying opportunity.

. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again.

whether you stop buying or not, bitcoin will not only get past $100k but will eventually get pass the last ATH we were before this current correction. that should be the way to think and forget about short term market condition that if too focused on can hinder one from making the best use of your accumulation stage.

[Princess Leah]

[edited out]

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I believe that even Sorcerer's may not know when bitcoin will rise and when it will fall and thread topic should not make you think we can buy and sell in shorter period, what you needed is buy and buy and buy more bitcoin consistently with the dollar cost averaging method and hodl for a couple of 4-10 before even having the thought of selling and when selling it should not be all but small portion and still keep buying.

Sounds so funny, if it were that easy to predict the market the market it think most soothsayers and sorcerers would've been the richest people in the world cause they would've forseen Bitcoin getting to 100k in 2009 0r 2010 and bought as much as possible back then, but I'm aware of some traditionalist and soothsayer in my locality that have zero knowledge of bitcoin or even close to being rich as Saylor, it's not just some magic or abracadabra, it's reality and can only be controlled by supply and demand of everyday users.

 Anyways there's no proper way of owning bitcoin asides buying and holding for long-term and anyone that thinks there's a shortcut to it by going to soothsayer or a sorcerer to predict the future should wake up from their slumber and do the needful like every other real investor, which is buying and holding for long-term like you've just said.

[arwin100]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k. Anyways, it shouldn't be my concern since I'm still in my accumulation zone and I even want price lower to enable me get maximal amount of Bitcoin for my regular DCA amount. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again. The key thing is to continue to buy and not get discouraged by the correction.

Market is volatile and somehow no one can say if we cannot see a below $80k or the price would just continue to climb up after the recovery.

But what's more important here is you continuously follow your accumulation or DCA plan since this will provably give you more better result in future rather than speculating about those volatile situation which provably can give you some confusion. If price of Bitcoin would hit at $100k again then its great, but try not to get tempted to sell early because you see it crossing that figure again since there's provably more better figure to come in future which can possibly generate us more better profit result.

[Derekfunds]

now Bitcoin is dumping, it will pump again soon. So it is wise to use this opportunity of the present time. The more Bitcoin the investor can strategically accrued at this time, the more profit that investor will be able to make in the future. So see the present time as a golden opportunity for investment and keep accumulating Bitcoin as much as possible. If you accumulated Bitcoin now, you will get a lot of good things back later.

How much do you say or meant to say about the investment?As far as I know, people of all classes, regardless of the rich, can invest Bitcoin If you just invest for profit, this is a wrong decision, because it may not give you the capital as you like. If you look at one thing you will see people from the bullshit period from the bullish periodBitcoin is more interested in buying Now Bitcoin is dumping so many people are in confusion now, but I am investing regularly because at any time it will prepare for the racing competition.

Investing for profit is not wrong or is not a bad, I know for sure that everyone is investing for profit in the future even if some will say they are not investing for profit. The only wrong thing here is investing for a short period of time and waiting for profit is a very wrong and bad move because the market is full of surprises, the market can decide to go down (Dip) stay there for a long period of time and if one invested for a short period hoping to make profit and mistakenly used his or her expenses money for..., he or she will definitely sell his or her Bitcoin and that is loss already so these are the reasons why it is not good to invest with what you can not afford to let go and also not invest for short period of time because the above mentioned are the possible things that can happen.

[Proty]

Investing for profit is not wrong or is not a bad, I know for sure that everyone is investing for profit in the future even if some will say they are not investing for profit. The only wrong thing here is investing for a short period of time and waiting for profit is a very wrong and bad move because the market is full of surprises, the market can decide to go down (Dip) stay there for a long period of time and if one invested for a short period hoping to make profit and mistakenly used his or her expenses money for..., he or she will definitely sell his or her Bitcoin and that is loss already so these are the reasons why it is not good to invest with what you can not afford to let go and also not invest for short period of time because the above mentioned are the possible things that can happen.

It is quite wrong to invest in bitcoin with the mindset of making quick profit more specially for newbies that doesn't know much about trading technicalities and the high risk of losing one's more when things doesn't go as speculated because market is always full of surprises,so know matter how inclined one is as regard trading the chances of losing one's money is high that is why those investors that are into trading are always seen as gamblers.Instead of gambling with bitcoin it is good to invest and hold for a long time since bitcoin is best appreciated when view from long term perspective.

[Fara Chan]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k. Anyways, it shouldn't be my concern since I'm still in my accumulation zone and I even want price lower to enable me get maximal amount of Bitcoin for my regular DCA amount. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again. The key thing is to continue to buy and not get discouraged by the correction.

I don’t know if the correction is over yet, but I also agree more with what you said that no one should be discouraged by the correction that Bitcoin is currently experiencing that may not even get back to the $80K area or below. Since the reversal from $79K to $86K plus has also happened so fast that it could give a little bit of an indication to everyone that Bitcoin could be back to $100K in the near future if the correction is really over for Bitcoin. But I still suggest to buy more before Bitcoin goes back to $100K because that could also be a pretty decent profit for the current buyers using any method or the very common DCA method.

[Olatundespo]

Investing for profit is not wrong or is not a bad, I know for sure that everyone is investing for profit in the future even if some will say they are not investing for profit. The only wrong thing here is investing for a short period of time and waiting for profit is a very wrong and bad move because the market is full of surprises, the market can decide to go down (Dip) stay there for a long period of time and if one invested for a short period hoping to make profit and mistakenly used his or her expenses money for..., he or she will definitely sell his or her Bitcoin and that is loss already so these are the reasons why it is not good to invest with what you can not afford to let go and also not invest for short period of time because the above mentioned are the possible things that can happen.

It is quite wrong to invest in bitcoin with the mindset of making quick profit more specially for newbies that doesn't know much about trading technicalities and the high risk of losing one's more when things doesn't go as speculated because market is always full of surprises,so know matter how inclined one is as regard trading the chances of losing one's money is high that is why those investors that are into trading are always seen as gamblers.Instead of gambling with bitcoin it is good to invest and hold for a long time since bitcoin is best appreciated when view from long term perspective.

I agree with you that short-term Bitcoin trading is wrong and misleading for new traders. You need to know about the potential of Bitcoin initially, so you should have effective access to deposit and market analysis and reviews. This should require investment fear, otherwise more wrong decisions will come from it. To understand the trading risks, you can initially buy and review small amounts for testing. This area can give you the necessary experience for market analysis and you can get used to risk-free and long-term Bitcoin investment. Trading should not actually be comparable to gambling. It can show risky performance for talented and experienced people, but not for sure.

Long-term investment is a very cost-effective method of accumulating Bitcoin regardless of the risk, especially for new investors, they can keep their future smoothly aligned by piling Bitcoin.

[GIF-JOBS]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k. Anyways, it shouldn't be my concern since I'm still in my accumulation zone and I even want price lower to enable me get maximal amount of Bitcoin for my regular DCA amount. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again. The key thing is to continue to buy and not get discouraged by the correction.

Market is volatile and somehow no one can say if we cannot see a below $80k or the price would just continue to climb up after the recovery.

But what's more important here is you continuously follow your accumulation or DCA plan since this will provably give you more better result in future rather than speculating about those volatile situation which provably can give you some confusion. If price of Bitcoin would hit at $100k again then its great, but try not to get tempted to sell early because you see it crossing that figure again since there's provably more better figure to come in future which can possibly generate us more better profit result.

Look at the current market situation, Bitcoin is now at $93K, it will cross $100K very soon. No one can say when Bitcoin will move in which way and how. That is why DCA is without a doubt the best investment strategy. If you invest continuously through a long-term strategy and build a portfolio at an average cost, it is undoubtedly capable of giving higher returns than all other strategies. Bitcoin will now go back to $100K, but it will go further after that, so if you sell for a small profit, you will lose the opportunity for big success. So you always have to think long-term, the future is much bigger, so go strategically for the long term.

[Dailyscript]

I believe that even Sorcerer's may not know when bitcoin will rise and when it will fall and thread topic should not make you think we can buy and sell in shorter period, what you needed is buy and buy and buy more bitcoin consistently with the dollar cost averaging method and hodl for a couple of 4-10 before even having the thought of selling and when selling it should not be all but small portion and still keep buying.

Why say "may" you have to be certain! No one, not even the greatest wizard, tricksters or prophet can predict the price of Bitcoin to be certain. If it was possible no one will lose in their Bitcoin investment. Let us leave spirituality and focus on the physical world. The only thing that will ascertain the height of our return of investment is how much we have invested into Bitcoin. How much we have invested will determine how much will be our profit in the future.

[mvdheuvel1983]

I believe that even Sorcerer's may not know when bitcoin will rise and when it will fall and thread topic should not make you think we can buy and sell in shorter period, what you needed is buy and buy and buy more bitcoin consistently with the dollar cost averaging method and hodl for a couple of 4-10 before even having the thought of selling and when selling it should not be all but small portion and still keep buying.

Why say "may" you have to be certain! No one, not even the greatest wizard, tricksters or prophet can predict the price of Bitcoin to be certain. If it was possible no one will lose in their Bitcoin investment. Let us leave spirituality and focus on the physical world. The only thing that will ascertain the height of our return of investment is how much we have invested into Bitcoin. How much we have invested will determine how much will be our profit in the future.

If you must know there are people who has been following the price movement of Bitcoin for a long time, they are not prophets they are ordinary people like you and I but the difference between them and us is their understanding and knowledge of Bitcoin and it's correction process. If you remember very well before last year when the price of Bitcoin rose to 100k, many great believers of Bitcoin had earlier predicted the bull run to happen before the end of 2024 some of them even predicted that the price was going to surpass 100k which later came to pass because the price moved from 100k to 110k before dropping again. Spirituality has nothing to do with Bitcoin investment and aside the amount you invested bringing you more returns the rate of Bitcoin when you bought and how long you held it before selling determines how much returns you will get when you want to sell.

[Tonimez]

Is the dip finally over? I know that no one can tell me with certainty but it is looking like we may not be seeing price below $80k anytime soon considering how fast the market rejected the price below $80k. Anyways, it shouldn't be my concern since I'm still in my accumulation zone and I even want price lower to enable me get maximal amount of Bitcoin for my regular DCA amount. But as majority of the Bitcoin community would want price higher, that will not be a bad idea if we see Bitcoin above $100k again. The key thing is to continue to buy and not get discouraged by the correction.

Market is volatile and somehow no one can say if we cannot see a below $80k or the price would just continue to climb up after the recovery.

But what's more important here is you continuously follow your accumulation or DCA plan since this will provably give you more better result in future rather than speculating about those volatile situation which provably can give you some confusion. If price of Bitcoin would hit at $100k again then its great, but try not to get tempted to sell early because you see it crossing that figure again since there's provably more better figure to come in future which can possibly generate us more better profit result.

Look at the current market situation, Bitcoin is now at $93K, it will cross $100K very soon. No one can say when Bitcoin will move in which way and how. That is why DCA is without a doubt the best investment strategy. If you invest continuously through a long-term strategy and build a portfolio at an average cost, it is undoubtedly capable of giving higher returns than all other strategies. Bitcoin will now go back to $100K, but it will go further after that, so if you sell for a small profit, you will lose the opportunity for big success. So you always have to think long-term, the future is much bigger, so go strategically for the long term.

In as much as bitcoin is an asset and a crypto for all, it is not right to use this bear period to justify the benefit of DCA. This is because a DCA oriented investor might have not bought this dip, not because he wouldn't have loved to buy but because he so much believes in DCA and wouldn't like to go out of his set cycle to buy a bitcoin no matter how low it goes.

DCA is an interesting and stress-free strategy for bitcoin accumulation, but sometimes like this Dip, someone needs to restrategize like buying lump or buying the Dip could be more business wise than strictly following his DCA approach.

[Gost ms]

now Bitcoin is dumping, it will pump again soon. So it is wise to use this opportunity of the present time. The more Bitcoin the investor can strategically accrued at this time, the more profit that investor will be able to make in the future. So see the present time as a golden opportunity for investment and keep accumulating Bitcoin as much as possible. If you accumulated Bitcoin now, you will get a lot of good things back later.

How much do you say or meant to say about the investment?As far as I know, people of all classes, regardless of the rich, can invest Bitcoin If you just invest for profit, this is a wrong decision, because it may not give you the capital as you like. If you look at one thing you will see people from the bullshit period from the bullish periodBitcoin is more interested in buying Now Bitcoin is dumping so many people are in confusion now, but I am investing regularly because at any time it will prepare for the racing competition.

The market is full of unexpected movements. So the market never only goes up, there will always be market corrections, corrections are strength, the bigger the correction, the stronger the market will come back later, investors cannot buy at the right time, because they cannot understand that the dump is the best time to buy Bitcoin. Looking at the success of Bitcoin from the beginning to the present, it can be understood how successful Bitcoin is already. So even after seeing this huge success of Bitcoin, how are investors still afraid to invest in Bitcoin? In fact, they do not understand the real potential of Bitcoin. And in the next bullish season, they will only regret it, and real investors will succeed.

Perhaps no one can ever say that the price of Bitcoin will increase or decrease, perhaps no one can say with any guarantee. Whether you invest in the short term or the long term, there will be risks. The risk of losing money in the short term is much higher than in the long term.

In the past, we have seen that whenever the market has dropped, the market has recovered very quickly and has risen even higher. This time too, we are optimistic that the market will recover very quickly and reach a record high. We are optimistic.

[ChocolateBitcoinK]

I believe that even Sorcerer's may not know when bitcoin will rise and when it will fall and thread topic should not make you think we can buy and sell in shorter period, what you needed is buy and buy and buy more bitcoin consistently with the dollar cost averaging method and hodl for a couple of 4-10 before even having the thought of selling and when selling it should not be all but small portion and still keep buying.

Why say "may" you have to be certain! No one, not even the greatest wizard, tricksters or prophet can predict the price of Bitcoin to be certain. If it was possible no one will lose in their Bitcoin investment. Let us leave spirituality and focus on the physical world. The only thing that will ascertain the height of our return of investment is how much we have invested into Bitcoin. How much we have invested will determine how much will be our profit in the future.

I agree with you. Bitcoin success will come to you depending on how much of your Bitcoin portfolio you are holding and for how long. So Why worry so much about the price of Bitcoin? Can you control the price of Bitcoin for a moment even if you try your whole life? Bitcoin will run on its own, and will increase over time, so what is the point of worrying only about the price of Bitcoin? If the expectation you are investing in, or the expectation you are delaying investing in, never comes true, what will you do? Because of this, you will only miss out on investment opportunities, and if you invest with the thought of short-term profit, you will have to sell your holdings at a loss. So, leave all worries aside and think only about the long term, and keep holding consistently. The chances of success will be higher if you hold on for a long time. Which an experienced Bitcoin investor knows very well.

[Agbamoni]

Newbies need courage, but also they need to start, so if they are having dilemmas in regards to the various points that you are raising, then they still should start and adjust their position size to a smaller amount.

And, yeah, they might have to create a list and then figure out which parts of their list has higher priorities.

They are not sure if they believe in bitcoin as an investment or not as compared with other places that they could put value.

I believe not everyone knows a lot about economic to be able utilize the scale of preference rule. To becoming a good economist it takes years of study and perseverance. While reading through your response i come to the agreement that we dont need to be an economist to know what should be of priority. Adding to creating a list the next thing to do is to pros and cons to each item on the list. Then calculate the one with the highest score that is how we know which should come first.

if they choose to invest $10 per week while they are researching further into the matter, they still have to dedicate some time for figuring out from where they are going to source their coins. and other kinds of actions related to that.   They also have to make sure that $10 per week is a sufficient amount for them to get started.. so they might have to figure out some aspects of their own budget.

Maybe if they are choosing to invest $10 per week into bitcoin, then maybe they would also be able to figure out a way to dedicate a minimum of 2-4 hours per week studying things that are related to bitcoin.

Exactly what i had in mind. But dont you think they should invest using percentage of their discretionary income instead of investing with a particular amount in mind. So that when there income increases while they are still making further research they will choose if they want to decrease or increase the percentage in the long run. $10 should be a minimum amount to be use for their investment.

Since there are so many variables regarding how folks are accustomed to managing their cashflows, it can be difficult to prescribe any exact way that a person might figure out how much he is able to invest into bitcoin each week, whether it is $10 or some other amount, and surely some folks have more regular income and expenses as compared to other people, and surely some people have  more discretionary income than others, too, so the ones with more discretionary income will have more options as compared with the person who barely has any discretionary income or the one who has to figure out ways to increase his income and/or to decrease his expenses in order to be sure that he has discretionary income and also to  be sure that he has calculated correctly so that he is actually buying bitcoin with discretionary income rather than with money that he later needs for expenses.

There are a lot of folks who may well be a little bit sloppy with their cashflow management, and they are more easily able to get away with being sloppy if they had never engaged in a process of building an investment and also trying to build systems in which they are going to be able to withstand any temptation to tap into their bitcoin investment at a time that is not completely of their own choosing and also in line with their hopefully BIGGER goals of investing into bitcoin rather than trading which would mean adopting an investment that is 4-10 years or longer.  

It can take time to both develop the practices but also to reinforce the practices and to spend time learning  about their investment, even if they are ONLY able to spare 2-4 hours per week in their ongoing learning process.

If they choose to buy $10 or more per week on bitcoin and they spend hardly no time learning about bitcoin and they think that they will just learn about bitcoin without any effort, then they may well putting themselves at an information disadvantage and not knowing hardly shit about the thing that they are buying. which truly is not going to help them to build conviction about bitcoin in terms of really figuring out what bitcoin is... and surely I have some real world friends who buy bitcoin and shitcoins for even more than a whole cycle, and who still seem to hardly know the difference between bitcoin and shitcoins, even though every week they are buying bitcoin and shitcoins... and from my perspective, there is some kind of a disconnect with some people, and it can take a long time for some normies to actually learn about bitcoin and to even figure out how bitcoin differs from shitcoins, even when they seem to be otherwise smart people.

You made it more understanding to me now. A folk might have more income than the other while the other will have more discretionary income to invest with. So the income does not determine if the discretionary income will be high to invest with what determines our discretionary income is actually how less the bills and expenses at hand can be. For someone having more but taking much responsibility to himself he might have less discretionary income compared to a folk who earn less but have little expenses to make with no responsibility.

Well, there might be a way to manage our expenses even if there are some expenses that are mandatory every month. Like our utility bills, gas, feeding to mention a few others. Cutting down unnecessary expenses will increase our discretionary income.

[JayJuanGee]

[edited out]

You made it more understanding to me now. A folk might have more income than the other while the other will have more discretionary income to invest with. So the income does not determine if the discretionary income will be high to invest with what determines our discretionary income is actually how less the bills and expenses at hand can be. For someone having more but taking much responsibility to himself he might have less discretionary income compared to a folk who earn less but have little expenses to make with no responsibility.

Well, there might be a way to manage our expenses even if there are some expenses that are mandatory every month. Like our utility bills, gas, feeding to mention a few others. Cutting down unnecessary expenses will increase our discretionary income.

Of course, some kinds of expenses are more discretionary than others, and surely it might be difficult to cut down on utility bills or rent, unless maybe we moved to another location, and some kinds of food is more economical than other kinds of food, but we have to be careful in terms of buying low  quality food. Sometimes we can figure out ways to save money buy buying larger quantities of good food and then splitting up with neighbors who agree to share the costs.

Another thing is that some of our expenses, might cause social consequences for us, and so sometimes we are socially pressured to spend more, and probably we need to maintain some of those kinds of expenses in order to maintain good relations with others.

Regarding income, we might not always know how we might be able to earn more income, and there can be real trade offs in terms of how we want to spend our time, and so we might need to work more but we also might need to spend time organizing ourselves and our finances and we also might need to spend time with family, even if it is not resulting in higher income.    Yet, sometimes if we have a job, we might identify some ways that we can work extra hours or that we might  be able to work fewer hours and earn the same amount,.... including that we might see that if we spend 40 hours taking a certain kind of a course, we might be able to get a certain kind of extra work that relates to our having had gotten that extra certification, and so sometimes our time and our money might be better spent in order to improve our future income generating possibilities.

[sotelorene]

Newbies need courage, but also they need to start, so if they are having dilemmas in regards to the various points that you are raising, then they still should start and adjust their position size to a smaller amount.

And, yeah, they might have to create a list and then figure out which parts of their list has higher priorities.

They are not sure if they believe in bitcoin as an investment or not as compared with other places that they could put value.

I believe not everyone knows a lot about economic to be able utilize the scale of preference rule. To becoming a good economist it takes years of study and perseverance. While reading through your response i come to the agreement that we dont need to be an economist to know what should be of priority. Adding to creating a list the next thing to do is to pros and cons to each item on the list. Then calculate the one with the highest score that is how we know which should come first.

if they choose to invest $10 per week while they are researching further into the matter, they still have to dedicate some time for figuring out from where they are going to source their coins. and other kinds of actions related to that.   They also have to make sure that $10 per week is a sufficient amount for them to get started.. so they might have to figure out some aspects of their own budget.

Maybe if they are choosing to invest $10 per week into bitcoin, then maybe they would also be able to figure out a way to dedicate a minimum of 2-4 hours per week studying things that are related to bitcoin.

Exactly what i had in mind. But dont you think they should invest using percentage of their discretionary income instead of investing with a particular amount in mind. So that when there income increases while they are still making further research they will choose if they want to decrease or increase the percentage in the long run. $10 should be a minimum amount to be use for their investment.

Since there are so many variables regarding how folks are accustomed to managing their cashflows, it can be difficult to prescribe any exact way that a person might figure out how much he is able to invest into bitcoin each week, whether it is $10 or some other amount, and surely some folks have more regular income and expenses as compared to other people, and surely some people have  more discretionary income than others, too, so the ones with more discretionary income will have more options as compared with the person who barely has any discretionary income or the one who has to figure out ways to increase his income and/or to decrease his expenses in order to be sure that he has discretionary income and also to  be sure that he has calculated correctly so that he is actually buying bitcoin with discretionary income rather than with money that he later needs for expenses.

There are a lot of folks who may well be a little bit sloppy with their cashflow management, and they are more easily able to get away with being sloppy if they had never engaged in a process of building an investment and also trying to build systems in which they are going to be able to withstand any temptation to tap into their bitcoin investment at a time that is not completely of their own choosing and also in line with their hopefully BIGGER goals of investing into bitcoin rather than trading which would mean adopting an investment that is 4-10 years or longer.  

It can take time to both develop the practices but also to reinforce the practices and to spend time learning  about their investment, even if they are ONLY able to spare 2-4 hours per week in their ongoing learning process.

If they choose to buy $10 or more per week on bitcoin and they spend hardly no time learning about bitcoin and they think that they will just learn about bitcoin without any effort, then they may well putting themselves at an information disadvantage and not knowing hardly shit about the thing that they are buying. which truly is not going to help them to build conviction about bitcoin in terms of really figuring out what bitcoin is... and surely I have some real world friends who buy bitcoin and shitcoins for even more than a whole cycle, and who still seem to hardly know the difference between bitcoin and shitcoins, even though every week they are buying bitcoin and shitcoins... and from my perspective, there is some kind of a disconnect with some people, and it can take a long time for some normies to actually learn about bitcoin and to even figure out how bitcoin differs from shitcoins, even when they seem to be otherwise smart people.

You made it more understanding to me now. A folk might have more income than the other while the other will have more discretionary income to invest with. So the income does not determine if the discretionary income will be high to invest with what determines our discretionary income is actually how less the bills and expenses at hand can be. For someone having more but taking much responsibility to himself he might have less discretionary income compared to a folk who earn less but have little expenses to make with no responsibility.

Well, there might be a way to manage our expenses even if there are some expenses that are mandatory every month. Like our utility bills, gas, feeding to mention a few others. Cutting down unnecessary expenses will increase our discretionary income.

You are absolutely correct but one thing I have come to discover and realize is that, the bigger your income the bigger your expenses and responsibility and the more you grow in life, the more responsibilities too but it will only take a determined and ambitious one to take care and put everything under control. So, regardless of how plenty your responsibilities and expenses are if you have target and plan you will always come to accomplish it and in Bitcoin investment, how much you are accumulating with shouldn't be a problem so long as you are investing for a long period of time and if it is convenient for you and the reason why most investors makes mistake is because of exceeeding their limit, they know they have things to take care of but they will..., However both our investment and our expenses should be our priority but there is always a scale of preference.