Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

A large number of people think they are late when they first come to bitcoin, yet since there is no way to turn back the clock, each person has to decide whether and if so how to invest into bitcoin based on coming to bitcoin today rather than fantasizing about having had been able to come to bitcoin earlier.

The advice to get started as soon as possible is going to continue to apply, so hopefully anyone coming to bitcoin can figure out how to get started and just start plow away at accumulating bitcoin, since it can take a long time, such as 4-10 years or longer just to build up a meaningful bitcoin investment portfolio, unless they might be able to front load their investment...and surely taking loans does not sound like a great way to get started, since any of us should be starting with easy and more basic techniques prior to jumping into more sophisticated ways of getting bitcoin.. and more sophisticated is not necessarily better, especially if you have not first gotten your cashflow management in order.

That’s totally right. I hear a lot of people complaining and saying it’s too late to invest in Bitcoin now that the price is pretty expensive, and it’s pitiful to see some Bitcoin enthusiasts think that way. The honest truth is that, it’s never too late to join the Bitcoin party, it’s never too late to get started and join the moving train. I also advise such a person to focus on the opportunities that they see today and what they can make of it, rather than dwelling on the past and what could’ve been. 

Of course it is never too late, yet anyone getting in sooner rather than later are likely going to be better off than the continued procrastinators and the deniers.

The advice to get started ASAP is sharp for real, because some people would wanna have a lot of money to lump sum into Bitcoin, or have several sources of income that brings them so much income by the end of the day, but achieving this might take a lot of time, considering that there’s a lot of thing to get done, saving that much cash for investment might take a life time and so it is with building several sources of income, I could take years, and that’s how you’re missing out on certain opportunities.

Almost all investments work best with DCA, since an overwhelming majority of the population don't already have investments, and so they have to build, and the building is best done with DCA, since the money and wealth is not going to just appear out of thin air.

Of course, with any investment that includes DCA, it is better if the asset is generally trending up and likely to continue to trend up, even though in the short-term it may be trending down.  In other words, I am suggesting that DCA works with assets that have strong fundamentals.. and so not shitcoins.. ..and so yeah, DCA is great for bitcoin to the extent that you are not able to frontload and/or lump sum invest into it.

iIt’s really not about investing lots of cash first, every little bit that you invest counts and as long as ahoy apply consistency, patience and discipline.

I consider DCA as a way to invest as much as you can as soon as you can, and sure if someone has more money available when they start, then they have more optiions to consider if they want to put it in right away or if they want to defer based on time (DCA) or defer based on price (buy dips), and sure the deferring based on price might not end up happening, so it is risky.

Yeah, building a very solid Bitcoin Portfolio may take a lot time, which is more reason that patience is key and never rush into anything, especially those things that’ll make you uncomfortable, start with what you’ve got and then expand your portfolio.

I see people say Bitcoin investment is very complicated, especially when you’re about to start, but that doesn’t have to be the case because you can start with the basics, like you dedicate time in learning and understanding how Bitcoin really works first, then move further to setting up your wallet, and then next thing is to learn about different investment/accumulation strategies, identify your financial goals and targets and then choose a strategy that aligns pretty well with your goals and then get started. It’s just as easy as that.

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah, I also think that taking loans simply because you wanna invest a sizable amount in Bitcoin is absolutely not the right way to go about this. Rather thinking of taking up loans for the sake of investing, it’s better to first set your financial foundation in order, as well as your financial backups and then you can start to explore more advanced strategies and techniques to invest.

No problem if guys want to add more advanced strategies, if they first start out with the basics, and then assess for themselves that they want to employ more advance strategies (that do not tend to be necessary in bitcoin anyhow.. but still people like to gamble).

And lastly, have your own pace and never compare or measure your pace and progress with someone else who may have already started their journey pretty much earlier, even if it’s someone you started the journey together, it’s still not idea to compare yourself, became every investor have their own pace and their journey. So focusing on yours would give you more insight and ideas on how to improve and advance, and no matter how small you think your achievements are, it’s best to celebrate them and work towards further growth.

Yep.. we should attempt to tailor to our own individual factors and if we measure against anything, we measure against versions of ourselves.

[Tungbulu]

Almost all investments work best with DCA, since an overwhelming majority of the population don't already have investments, and so they have to build, and the building is best done with DCA, since the money and wealth is not going to just appear out of thin air.

Of course, with any investment that includes DCA, it is better if the asset is generally trending up and likely to continue to trend up, even though in the short-term it may be trending down.  In other words, I am suggesting that DCA works with assets that have strong fundamentals.. and so not shitcoins.. ..and so yeah, DCA is great for bitcoin to the extent that you are not able to frontload and/or lump sum invest into it.

Yeah, I also share in your opinion about DCA being a solid investment strategy for most investors, especially those who are building their portfolio from scratch (just as you noted). It’s just all about consistency and try as much as possible to reduce timing risks.

It’s also commendable how you took your time to emphasize the importance of strong fundamentals. You know it’s just amazing to think about how much wonder the DCA strategy can work when you apply it to assets like Bitcoin, that has a promising and potential future and long term outlook. Some might think it’s magic, but it’s really not, it’s simply more of a disciplined way of investing in something you really believe in.

Yeah, lump summing and front loading can also turn out to be quite useful approaches too but compared to the DCA strategy, they’re really not as realistic or pretty much suitable for everyone and that’s where DCA becomes the superior, it gives everyone, regardless of your financial situation to build wealth overtime.

Lol… yeah, definitely not shitcoins. Shitcoins shouldn’t even be considered as an investment but a way to gamble for quick profit (which of course isn’t even guaranteed and very risky too) in my country, we’d use the term, “hustling for your daily 2k”. The DCA strategy features best in assets with actual value, as well as potential for long term growth, rather than those shitty questionable investments.

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

[SuperBitMan]

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

You are right some people takes the excuse that they don't have much so for that reason they can't start a Bitcoin investment just like you said as long as you have a monthly or weekly cash flow and there's a discretionary income then you can start accumulating, it is true that Bitcoin is expensive but the good thing is Bitcoin is divided into small units called Satoshi meaning you can accumulate Bitcoin bit by bit in other to reach 1 BTC if you so wish, start with the little you have while waiting for the bigger one to come, one thing that is never good when it comes to bitcoin investment is waiting especially for things like this.

[ZeroVinsonN]

A large number of people think they are late when they first come to bitcoin, yet since there is no way to turn back the clock, each person has to decide whether and if so how to invest into bitcoin based on coming to bitcoin today rather than fantasizing about having had been able to come to bitcoin earlier.

The advice to get started as soon as possible is going to continue to apply, so hopefully anyone coming to bitcoin can figure out how to get started and just start plow away at accumulating bitcoin, since it can take a long time, such as 4-10 years or longer just to build up a meaningful bitcoin investment portfolio, unless they might be able to front load their investment...and surely taking loans does not sound like a great way to get started, since any of us should be starting with easy and more basic techniques prior to jumping into more sophisticated ways of getting bitcoin.. and more sophisticated is not necessarily better, especially if you have not first gotten your cashflow management in order.

That’s totally right. I hear a lot of people complaining and saying it’s too late to invest in Bitcoin now that the price is pretty expensive, and it’s pitiful to see some Bitcoin enthusiasts think that way. The honest truth is that, it’s never too late to join the Bitcoin party, it’s never too late to get started and join the moving train. I also advise such a person to focus on the opportunities that they see today and what they can make of it, rather than dwelling on the past and what could’ve been.  

I agree, just because a person didn't start investing when bitcoin price was low doesn't mean they can't start investing now, the more they dwell on the past, the more new and fresh opportunities they will end up missing, YES you we're unable to buy when bitcoin was 10k, probably because you were unsure of yourself and you were unsure of the bitcoin market and now you've seen an ATH above 100k and you are thinking it's too late already which is wrong, you are right, you should have invested when the price was low, but what's in the past should stay in the past, don't let that past mistake decide how you go from now, you missed your investment chance then, don't miss it now, start investing now and in the near future you will look back and be proud of your decision.

The advice to get started ASAP is sharp for real, because some people would wanna have a lot of money to lump sum into Bitcoin, or have several sources of income that brings them so much income by the end of the day, but achieving this might take a lot of time, considering that there’s a lot of thing to get done, saving that much cash for investment might take a life time and so it is with building several sources of income, I could take years, and that’s how you’re missing out on certain opportunities. iIt’s really not about investing lots of cash first, every little bit that you invest counts and as long as ahoy apply consistency, patience and discipline. Yeah, building a very solid Bitcoin Portfolio may take a lot time, which is more reason that patience is key and never rush into anything, especially those things that’ll make you uncomfortable, start with what you’ve got and then expand your portfolio.

Exactly!! Delay is dangerous, you don't need to be overly wealthy to invest in bitcoin, you can always start with what you can afford, waiting to build up your stash can take too long and you would have missed alot in the process, so instead of waiting to accumulate more cash, start accumulating bitcoin now, you can build up your finance simultaneously as well, this way a person can avoid procrastinating and start as soon as possible.

I see people say Bitcoin investment is very complicated, especially when you’re about to start, but that doesn’t have to be the case because you can start with the basics, like you dedicate time in learning and understanding how Bitcoin really works first, then move further to setting up your wallet, and then next thing is to learn about different investment/accumulation strategies, identify your financial goals and targets and then choose a strategy that aligns pretty well with your goals and then get started. It’s just as easy as that.

Yes, bitcoin investment is complicated, only if you want it to be, it doesn't have to be complicated, you can unravel the knots one at s time, you don't need all the knowledge in the world about bitcoin to start, you just need to know the basics, you can build your knowledge while building you bitcoin portfolio, do the two hand in hand and you won't have any regrets along the way.

And lastly, have your own pace and never compare or measure your pace and progress with someone else who may have already started their journey pretty much earlier, even if it’s someone you started the journey together, it’s still not idea to compare yourself, became every investor have their own pace and their journey. So focusing on yours would give you more insight and ideas on how to improve and advance, and no matter how small you think your achievements are, it’s best to celebrate them and work towards further growth.

Be yourself, don't look at how much better the other person is, look at how better you are now comparedcto when you start, sometimes you are your own competition, not the next person, our strides are different as are our pace, what works for the other guy might not necessarily work for you, if he has more discretionary income than you then he gets to invest more than you as well, don't push yourself too hard, build up your own discretionary income by building up your finance and invest as your finance allows.

[laijsica]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

The volatile price of Bitcoin makes it more attractive to investors and I am more inclined to be tempted by those investors. If someone is poor, they may be inclined to invest because they are more worried about their future than rich people and are interested in saving Bitcoin with great difficulty. In addition, they consciously make efforts to increase alternative income. I think the number of such investors is countless and they respect the secure financial system for their future or later life.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

[betswift]

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

Agreed.

The results would be just smaller in perspective, but they would still be there.

[Tamaperdana]

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

Agreed.

The results would be just smaller in perspective, but they would still be there.

Yes, to invest in bitcoin, there is no requirement to have a large capital first. Because bitcoin is an investment asset that can be purchased or paid in installments with relatively small money. So someone who wants to invest in bitcoin, but does not have a lot of money, can still start investing in bitcoin. This is the advantage of bitcoin, because when compared to other assets, of course, it is always required to have a large capital first to invest. Like stocks, real estate, and property. So it is certain that it will be difficult for people who have discretionary funds that are not too large to afford. That is why bitcoin can now be said to be an investment asset that can be reached by many people. And DCA is indeed the best way to make purchases in bitcoin. Because DCA does allow us to be more structured in accumulating our money into bitcoin, regardless of the nominal value. So DCA is indeed the best purchasing strategy.

[Agbamoni]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

Almost everything you said here is totally wrong. First, you don't have to be rich or poor to be qualified in making and starting your investment plans for future. There are poor people who can still make good plans by allocating their discretionary income or you think poor people done have discretionary income too? The most important thing is the will to start your Bitcoin journey. There are rich people who still won't agree to invest in Bitcoin because their mindset is not made up. The level of money you don't qualify you to become an investor. However, it will only vie you hedge as you can easily start your investment with ease if you use DCA.

[Stormisover]

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

Agreed.

The results would be just smaller in perspective, but they would still be there.

Every little bit counts and it will make a significant difference when put together over time, consistency should be the watch word and journey of a thousand miles begins with a step, another important thing also to know is that while investing with the DCA we can still buy with the Lump sum whenever we have such extra cash and also buy the dip if such plan is also made in the process, the improvement of our financial circumstances will also influence our discretionary income in terms of how we maximize collecting Bitcoin.

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

Agreed.

The results would be just smaller in perspective, but they would still be there.

Yes, to invest in bitcoin, there is no requirement to have a large capital first. Because bitcoin is an investment asset that can be purchased or paid in installments with relatively small money. So someone who wants to invest in bitcoin, but does not have a lot of money, can still start investing in bitcoin. This is the advantage of bitcoin, because when compared to other assets, of course, it is always required to have a large capital first to invest. Like stocks, real estate, and property. So it is certain that it will be difficult for people who have discretionary funds that are not too large to afford. That is why bitcoin can now be said to be an investment asset that can be reached by many people. And DCA is indeed the best way to make purchases in bitcoin. Because DCA does allow us to be more structured in accumulating our money into bitcoin, regardless of the nominal value. So DCA is indeed the best purchasing strategy.

Since investors are not limited to only DCA strategy every other strategy still does allow us to be more structured in accumulating our money in to Bitcoin, not being more structured in accumulating our money in to Bitcoin can only become disastrous and probably a misplaced priority.

[asarfiar]

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

Exactly! To start Bitcoin, we should ensure our discretionary income and set an initial stage of how much to deposit. As you have recommended, save at least $10 and above. I feel the need for a backup fund, but we should start saving Bitcoin at the beginning and implement an effective strategy for our investment so that it is long-term. Some new investors like us may have doubts in some areas such as making the investment horizon 4-10 years.

If you (or any of the other bitcoin newbies) are afraid about committing to 4-10 years or more for your investment, then you might have to reduce your investment size so that you are not so attached to it and you are able to at least try to commit to a longer timeline rather than thinking about bitcoin as a shorter-term trade.

Of course, you can do what you want, but if you are putting relatively small amounts of money (and surely I recommend at least $10 per week), then you should be able to figure out ways that you are not thinking about withdrawing from that money for 10 years or more.. especially if you are neither elderly or with health considerations that might disrupt your ability to commit to investing into bitcoin for longer periods of time.

There is no need to get overly greedy, yet at the same time, the more you are able to invest without overdoing it, then the more likely that you will be in a better position when it comes time for you to transition into either maintenance mode or into sustainable withdrawal mode.

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

Investors may have some differences about the size of a decent backup fund some may feel comfortable keeping it for six months or more or two years.

I think that it is problematic holding that quantity of back up funds, and that is part of the reason that I suggest 3 months for emergency funds, and sure, if you have an additional 3 months of reserve funds, then I have no real problem with that, but if you are keeping large quantities, then yhou are likely suffering from having way too much non-working cash. Generally your emergency fjunds are not really working, except maybe you have them in an interest bearing account that might give you 1% per year or some other low return.  Your emergency funds need to tend to be pretty liquid.  Now if you have additional reserve funds that are larger than your emergency funds (perhaps another 3 months?), then maybe those do not need to be as liquid, but it still seems to me that they need to be somewhat liquid, so that you would be able to get them within a month or so as you might be using up your emergency funds, and then needing to tap into your reserve funds, even though in theory the emergency funds are tapped last, but logistically if you have other funds that are a bit less liquid, then if an actual emergency comes, they you would likely have to tap into the most liquid funds first.. and then the less liquid funds would be in the process of being made available to either replace the emergency funds or to be used in the event that the emergency is continuing.  

How much you feel that you need for these various kinds of back up funds are surely customized to your own finances, psychology, and/or personal judgement, and many times we are not going to come to similar outcomes in terms of how each of us ends up making our allocations of such funds and/or how we are holding them.. but part of the reason to even create so many kinds of back up funds tends to be to protect your bitcoin investment, and it seems to me that if you are prioritizing all these various kinds of fiat-based backup funds, and you don't have shit for quantity within your bitcoin investment, then it seems to me that you would be missing the plot, since part of the importance of bitcoin is to attempt to put some priority into it rather than just creating a bunch of systems in which you are holding a whole bunch of worthless cash that is largely depreciating in value faster than you can replace it..so if you are holding too much cash, you will find that you have a full time job fucking around keeping your various cash reserves up and the investment that matters (which is bitcoin) would be being neglected and/or deprioritized due to your lack of focus and your lack of an ability to recognize that bitcoin is the prize not the fucking around holding various kinds of cash...so you have to be ongoingly putting a decent amount of value in bitcoin and not be overly holding way more cash than is prudent and/or practical.

To me, it seem that guys who are overly prioritizing building their emergency funds and/or back up funds greater than building up their bitcoin, they are likely going to stay losing and overallocating to cash and failing/refusing to allocate and/or sufficiently/adequately prepare their bitcoin holdings for up.

For investment horizon and growth of holdings. Additionally, floating cash funds can entice investors to buy more during a bear market and this type of trend adds more Bitcoin to the portfolio.

I tend to think of floating funds as the kind of money that guys have from month to month that they are keeping as extra since they do not necessarily know their exact expenses, so they have to keep some extra money floating in their possession (or their accounts), otherwise, once they figure out their expenses, then some of that floating money (to the extent that it is not floated into the next month) would come available as discretionary income to be able to buy things, invest into bitcoin or to put into back up funds.  

So yeah, there is a category of back up funds (usually referred to as reserve funds) that a guy could hold for buying on dips.  I find that there is nothing wrong with potentially holding up to 25% the amount that you are regularly buying into bitcoin for the purposes of buying dips, yet buying dips as a strategy is not a good one, since it tends to result in guys being overly whimpy in their bitcoin investment and spending a lot of time waiting rather than ongoingly, persistently, consistently and perhaps even aggressively buying bitcoin.

To me, it seems that you, laijsica, are overly inclined to be wanting to hold back on your bitcoin investment and to overly allocate to cash, and sure, that is your choice in terms of the extent to which you feel more comfortable being whimpy rather than aggressive in your approach to bitcoin investing.. and frequently, I consider that it is better to be a whimpy investor in bitcoin rather than failing/refusing to invest into bitcoin.

Put 3 times your stable income in the emergency fund and reserve fund.

Do you really know what you are saying? had it been you said 3/4 of your discretionary income it could have sounded better than saying x3 of your stable income. Let me make it clear to you because i can see that you think emergency and reserved funds should be a fixed amount but if that's what you are trying to spell then you are wrong because it's from your discretionary income that you will scrap out emergency and reserved funds which means that each time you DCA, you will have to cut out some money and add it up to your existing emergency and reserved funds. They are not fixed as they vary based on how much you can be able to make available after your DCA amount have been taken care of, any amount that is left can stand for emergency needs and as reserve funds.

I would say that after our basic needs money has been allocated, the next inline should be our emergency funds before the DCA money and the rest of it like the reserve funds and float cash, where it only becomes problematic is when you decide to wait until you have an emergency funds prior to getting started but on the occasion of already starting accumulating Bitcoin, in the scale of preference for me I would prefer allocating to my emergency funds first before considering my DCA amount based on the available discretionary income.

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.  

Surely many guys might start out investing into bitcoin , and they already have some cash back up funds that might be 2 weeks to 6 weeks of their expenses, so many guys are already accustomed to living with some good cashflow management practices that maintain some cash cushion in regards to their being able to cover expenses between times that they receive income...so if a person is earning $400 per month and he tends to have $250 in expenses each month, then he might have $125 to $350 in extra cash, so he already has the start of an emergency fund, even though his goal may well be to build up his emergency fund to be at least $750, he also could start buying bitcoin right away since he has no bitcoin yet he already has some semblance of an emergency fund in place, and perhaps he could dedicate 75% of his discretionary income to bitcoin and 25% to his emergency fund.. ..and in the case of this guy, he has about $150 per month of discretionary income, so he could dedicated $112 to bitcoin and $38 toward building up his emergency fund.  

Don't know why there's suggestion that there's no need for low coiner to have emergency funds since the same with people could able to spend they are also prone for risk to lose their money for something like wrong decisions or actions made. They should set it up according to the amount they can able to allocate,  since everything is fine even if they are low coiner as long as they set up good plans for their future.

Setting up an emergency funds for 3 - 6 months is enough and when they achieve that they can proceed to use their money for their investment. Its crazy that other people seems don't have have timeline intended for their emergency funds. Since if they continue to save money for emergency funds used with no intention to stop, then I think they are wasting some opportunity to earn more especially if they hide their emergency funds on stable coins or in fiat.
Also I like your explanation on figures and for sure people would learn a lot from your insights given.

I am not going to claim that it is easy to figure out the balancing of the building of the emergency fund along with building the bitcoin investment, and surely it could take a year or longer to build up both of those (the bitcoin investment and the emergency funds) to be 3 months or more of the guys expenses.

For sure, a guy is going to need to be careful when he is keeping some of his emergency funds in various kinds of stable coins rather than keeping the money in cash that is denominated in his own currency (how his bills are denominated), and I am not going to claim that it is easy to figure out ways to hold such large amounts of cash, yet if a guy is building his bitcoin and his cash up at the same time, the quantity of bitcoin can help to justify the amount of cash or other ways of holding the back up funds as to show the reason why the funds are being kept (to protect the bitcoin and even to justify the building of the bitcoin funds to larger amounts that might end up fluctuating in their dollar/fiat valuations in great kinds of ways).

[edited out]

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it.

Emergency funds are not used for daily needs.  Emergency funds are back up funds that are built up from discretionary funds... .

Discretionary funds are the amount of money that you have left after you have accounted for your daily expenses through your funds for expenses.  Funds for expenses are used to pay for your daily needs.. and if you have extra, then that is discretionary funds that can be used for anything you want, including the building up of an emergency fund and/or investing into bitcoin and/or any other way that you might want to spend such discretionary money.  

The reason that discretionary income is called discretionary is because it is extra.. It is beyond your needed expenses.  Of course you can create your own extra expenses that are discretionary expenses, and you can choose your standard of living so that your expenses end up being higher, so some of those extra expenses become part of your expenses, even though they are discretionary expenses that you chose.

Let's say that you have a business, and with that business you need either a van or a pickup truck, and you could buy a vehicle that would cost you around $2.5k and it will functionally work for your purposes, yet instead of buying the economical vehicle, you decide to buy a newer and nicer model that costs you $10k, and so surely within that expense, you have discretionarily chosen to increase your expenses by $7,500 for that vehicle, and maybe it gets you slightly more than the $2,500 version, yet maybe it is merely that you want more luxury that is not really necessary for the purposes of your business.  Maybe with the $2,500 vehicle, you could have had bought it with cash, yet the $10k version, you cannot afford to pay for it with cash right away, yet you are able to finance the car with 8.5% interest rates, so then in essence after the various costs of the loan, you might be paying around $320 per month for the next 3 years, and by the time you paid off the whole car loan and the interest, you would have had paid something around $11,500... yet with deferred payments of the whole amount.  There are various kinds of expenses that are discretionary, yet sometimes once they are locked in they might no longer be discretionary or easy to reverse.

Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

You are speaking a lot of gobbledy-gook with this paragraph in which you are inventing terms and even potentially purposefully convoluting your terms and any possible meaningful ideas that you might have. You might need to rethink what you are saying, and perhaps if you are using some kind of translation program, you need to make sure what you are saying makes sense in your native language too... because you are speaking a lot of nonsense when it comes to the English version of whatever it is that you might be wanting to say.

[edited out]

The idea is that instead of a low or now coiner to wait or say that they must has an emergency funds up to 3 to 6 months ready before they can start buying Bitcoin, the advice is that we can be buying Bitcoin gradually at the same time be building our emergency funds. We don't have to considered building our emergency funds first prior to getting started with our investment since it can be work on and be buying Bitcoin with the DCA, 3 to 6 months is a long time to be waiting to build up emergency funds before the start of buying Bitcoin, 

If anyone is starting to build an emergency fund from scratch, it is going to tend to take way more than 3 months to build 3 months worth of emergency fund.  Even if a person dedicates 25% of his income to building an emergency fund, it may well take 1 year to build up 3 months of income into the emergency fund.

for someone who a discretionary income they can be allocating certain percentage of their discretionary income to an emergency funds and at the same time be allocating to their DCA. Generally an emergency funds is good for all categories of investors including a no coiner but it shouldn't be a criteria before starting of Bitcoin investment because the DCA strategy gave room on improving our selves in various areas and at the same time buying Bitcoin.

It could take well more than 1 year and maybe up to 2 years to build both the emergency fund and the amount invested in bitcoin up to 3 months each.  The bitcoin value could have gone up or down in terms of its dollar/fiat value during this early stage building process.

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

In as much as I know that emergency funds are very important for someone that wants to start building a portfolio in Bitcoin investment, I also know that there's no where it was written that investors must have emergency funds ready before they can actually invest in Bitcoin, I think people misundertand this things that's why they get confused on how to start.

Whether the idea is written or not, each guy has to figure out the extend to which he get's started investing in bitcoin right away or gets distracted by nonsensical delaying tactics.

Just as you said, what every investment need from the start is a constant income no matter how small it is just plan with it and start investing with the amount that can not put on pressure,

I did not say anything about a need for "constant income" prior to getting started investing into bitcoin, even though I did say that there is a need to have discretionary income.

after all it is just for a start, it doesn't mean that the amount you started with will be maintained like that, one can actually increase his or her DCA once he or she has what it takes to do so, the major thing is to start the journey first because there's danger in waiting and procrastinating with this thing called emergency fund.

I agree with this, including that if a person builds a steady income then he is likely going to put himself in a better position to both continue his investing into bitcoin and also not be tempted to withdraw from it.  Further, like you mentioned, he can increase his amout with the passage of time (and the increased comfort of his income) too.

For me Bitcoin investment is about consistency and your ability to remain focused and persevere, the amount you use from the beginning doesn't really count rather what matters is your zeal to buy with higher amounts once you get better source of income and hodl for a long-term of about 10years upward.

I agree with the presumption that the longer that guys invest into bitcoin, the more likely they will be able to find ways to increase their discretionary income by increasing their income and/or by cutting their expenses.  .. yet there still can be a lot of value to learn those kinds of lessons early in the bitcoin investment journey rather guys diddly-dallying around and taking a long time to figure out that maybe they should increase their bitcoin investment.

Bitcoin remains a kind of investment that continues to reward the earlier adopters disproportionately to the laggards, and so the earlier that any of us figures out value in regards to investing into bitcoin as aggressively as we are able to do (without over doing it), then the more likely we are going to be rewarded for our early aggressiveness... Bitcoin's investment thesis is not getting any weaker, even though the slope of its price curve is likely becoming less and less steep with the passage of time.

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

You said a lot of good things, I used a lot of wrong words due to my misunderstanding. I want to prepare myself and seek advice, I hope I will get help.

[Spaceman1000$]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

The volatile price of Bitcoin makes it more attractive to investors and I am more inclined to be tempted by those investors. If someone is poor, they may be inclined to invest because they are more worried about their future than rich people and are interested in saving Bitcoin with great difficulty. In addition, they consciously make efforts to increase alternative income. I think the number of such investors is countless and they respect the secure financial system for their future or later life.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

Somebody said "POOR" means passing over opportunities repeatedly, Bitcoin is meant for everybody that has the mindset to invest, even the most vulnerable in the society need investment at least to help them move away from that level of social strata in life. Poor people need to put effort too to make sure things change, Bitcoin allows them to create an investment plan using the DCA, good a thing bitcoin is not something that is exclusively meant for the rich,  so anybody that is supposedly poor needs to make a move.

[Merit.s]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

The volatile price of Bitcoin makes it more attractive to investors and I am more inclined to be tempted by those investors. If someone is poor, they may be inclined to invest because they are more worried about their future than rich people and are interested in saving Bitcoin with great difficulty. In addition, they consciously make efforts to increase alternative income. I think the number of such investors is countless and they respect the secure financial system for their future or later life.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

No matter how poor you are, as long as you have a discretionary income as low as $10, you can invest in bitcoin. You don't need to have more than $10 discretionary income before investing, if not you will miss out the chance of starting very small and grow your portfolio overtime rather than waiting.

If you have started your bitcoin investment, since you know that the money for your DCA is small, you need to look for a second means of income to increase your discretionary income so that you can increase your DCA amount. In life, increase in our finance should be properly planned for and worked on so that as we are getting older, our financial strength gets stronger too.

This is why you don't need to waste anytime but get started immediately with your bitcoin investment and be consistent with growing it regularly for 4-10 years and above to improve your financial strength in future. Your bitcoin target should be your main focus.

[JayJuanGee]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

[Sticky Bomb]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

I agree with you, even though one thinks he's late or has no much to gain from Bitcoin, as long as he has discretionary income present, instead of having decision fatiques, he may likely want to start off first DCAing with little amounts no matter how small and possibly he'll find his conviction to increase his aggressiveness going forward and grow out from being a wimpy or a no investor. We get nothing from doing nothing, especially in Bitcoin, you must take action to get off your no-coiner mode and get on your Bitcoin accumulation journey

The deadluck is rooted in being idle and doing nothing about your empty Bitcoin portfolio. You waste a lot of time, time you should've started off to gradually accumulate Bitcoin for yourself and if you're actionable, in the near future you still see you were much early compared to the one who remained a spectator over the years and killed his chances of getting some Bitcoin for himself and securing his financial future

[Mr Reporter]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

well in addition it an wise information for investors especially for those who kind of feel they have miss out the boat. What you should about the concept of position sizing and Dollars cost Average and it crucial in the investment, by taking a modest posting size, investor who think can begin to build thier portfolio and reduce the impact of market volatility. Consistency over the past decade has kept many investors going in thier accumulation portfolio.

[sotelorene]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

The volatile price of Bitcoin makes it more attractive to investors and I am more inclined to be tempted by those investors. If someone is poor, they may be inclined to invest because they are more worried about their future than rich people and are interested in saving Bitcoin with great difficulty. In addition, they consciously make efforts to increase alternative income. I think the number of such investors is countless and they respect the secure financial system for their future or later life.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

Somebody said "POOR" means passing over opportunities repeatedly, Bitcoin is meant for everybody that has the mindset to invest, even the most vulnerable in the society need investment at least to help them move away from that level of social strata in life. Poor people need to put effort too to make sure things change, Bitcoin allows them to create an investment plan using the DCA, good a thing bitcoin is not something that is exclusively meant for the rich,  so anybody that is supposedly poor needs to make a move.

Bitcoin investment is meant for everybody that is true but not for people that doesn't have money that is people that are struggling to survive in life. How will someone go into investment when he or she have not provide what to eat very well talk more of to invest and hold it for years that is not even possible the investment won't go anywhere if at all it will even last for a month. DCA is the most reliable and convenient method in Bitcoin investment but despite been that if you don't have money you can not do it properly.

[ZeroVinsonN]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

I agree with you, even though one thinks he's late or has no much to gain from Bitcoin, as long as he has discretionary income present, instead of having decision fatiques, he may likely want to start off first DCAing with little amounts no matter how small and possibly he'll find his conviction to increase his aggressiveness going forward and grow out from being a wimpy or a no investor. We get nothing from doing nothing, especially in Bitcoin, you must take action to get off your no-coiner mode and get on your Bitcoin accumulation journey

The deadluck is rooted in being idle and doing nothing about your empty Bitcoin portfolio. You waste a lot of time, time you should've started off to gradually accumulate Bitcoin for yourself and if you're actionable, in the near future you still see you were much early compared to the one who remained a spectator over the years and killed his chances of getting some Bitcoin for himself and securing his financial future

True! Basically you will never see the potentials in bitcoin investment unless you try, the journey of a thousand miles does begin with a step after all, FEAR should never stop a person from investing, the fear of being too late, the fear of not making good profit in the long run, the fear of losing your investment, this is why you are advicto use your discretionary funds for investing in bitcoin, sometimes you see people looking at others and saying things like 'I wish I started when that guy did, I would have been where he is right now' you missed your opportunity then, yes! Please don't miss your opportunity now or you will just end up regretting in the future again, you just have to start investing, one step at a time and soon your bitcoin portfolio will surprise even you.

You said a lot of good things, I used a lot of wrong words due to my misunderstanding. I want to prepare myself and seek advice, I hope I will get help.

Maybe edit the bulk of this and just keep the one you want to quote

[POPOLUV]

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

The volatile price of Bitcoin makes it more attractive to investors and I am more inclined to be tempted by those investors. If someone is poor, they may be inclined to invest because they are more worried about their future than rich people and are interested in saving Bitcoin with great difficulty. In addition, they consciously make efforts to increase alternative income. I think the number of such investors is countless and they respect the secure financial system for their future or later life.

Among them, there are some poor people who are not qualified to invest and their income is so low that they are confused in determining their future course of action or will be behind in investing. But for mentally enterprising people, no obstacle can stop them from investing. After a break of some time or a few more years, he continues to invest Bitcoin continuously to fulfill his goal.

Somebody said "POOR" means passing over opportunities repeatedly, Bitcoin is meant for everybody that has the mindset to invest, even the most vulnerable in the society need investment at least to help them move away from that level of social strata in life. Poor people need to put effort too to make sure things change, Bitcoin allows them to create an investment plan using the DCA, good a thing bitcoin is not something that is exclusively meant for the rich,  so anybody that is supposedly poor needs to make a move.

Bitcoin investment is meant for everybody that is true but not for people that doesn't have money that is people that are struggling to survive in life. How will someone go into investment when he or she have not provide what to eat very well talk more of to invest and hold it for years that is not even possible the investment won't go anywhere if at all it will even last for a month. DCA is the most reliable and convenient method in Bitcoin investment but despite been that if you don't have money you can not do it properly.

I just finished perusing through the members contribution not having enough money than still go into Bitcoin investments with the one they have, with my opinion, the only source an investors can totally remove his/her eyes from the investments such investors must have other sources of income, either monthly salary earner or have a business that will be given you daily income, so with such investors you will see that his investment will be accumulating in a lifetime cycle but once you don't have any sources of money, and you invested with the only money you have, you will see that such investors will always make use of short-term, which he will always be at lost.

[Btcdeybodi]

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

Agreed.

The results would be just smaller in perspective, but they would still be there.

Yes, to invest in bitcoin, there is no requirement to have a large capital first. Because bitcoin is an investment asset that can be purchased or paid in installments with relatively small money. So someone who wants to invest in bitcoin, but does not have a lot of money, can still start investing in bitcoin. This is the advantage of bitcoin, because when compared to other assets, of course, it is always required to have a large capital first to invest. Like stocks, real estate, and property. So it is certain that it will be difficult for people who have discretionary funds that are not too large to afford. That is why bitcoin can now be said to be an investment asset that can be reached by many people. And DCA is indeed the best way to make purchases in bitcoin. Because DCA does allow us to be more structured in accumulating our money into bitcoin, regardless of the nominal value. So DCA is indeed the best purchasing strategy.

The problem of those who want to begin an investment in bitcoin is mostly having the mentality that before investing in bitcoin they will have to invest with a huge amount of money before they will see themselves as people who are serious with their investment and honestly, apart from those of us that are opportune to be in a forum like this where we are exposed to a broader knowledge about bitcoin investment, many others outside the forum do not really know they can buy bitcoin with a small amount of money and keep accumulating till they are able to achieve a big portfolio and this mentality is what has led a lot of people to move ignorantly to investing on shitcoins but if they knew they can actually invest with any amount, they would not have even giving any shitcoin a thought in the first place. The DCA method of investing in bitcoin has really helped many investors own huge investment because when they started small it was like a joke but after consistently buying and hodling for a long time they now discovered they have been able to accumulate a large amount over the years.

[Makus]

I agree that hardly anything need to be known from the start, except knowing whether or not you have any discretionary in which you can get started.  The rest can be learned along the way and the bitcoin accumulation (buying) approach can become more aggressive with the learning of the things that you mentioned above.. and sure there can be a lot to learn with bitcoin, but not too much is needed to be known or suspected about bitcoin in the very beginning beyond some kind of suspicion (or hunch) that number tends to go up...even though it might not go up in the short term.

Yeah sure. It really doesn’t require being an expert or a pro investor to get started with Bitcoin. All one needs is to have some discretionary income to invest and to really believe in the potential of Bitcoin and that it’ll definitely continue in and uptrend over time, because some people fail to invest in Bitcoin, not because they do not have enough money or discretionary income to invest, but because they have a pessimistic attitude towards Bitcoin and they feel like Bitcoin has already done enough and can do pretty much again.

As long as you truly believe in Bitcoin and you’ve got some discretionary income, they rest, as they say, is simply just details, because as you advance, you can get to learn about the market trends, Bitcoin’s Tech and other investment strategies that’ll align with your investment goals.

It’s all about being bold enough to take that first step, applying patience and completely trusting the process. It’s possible that the price movement at first might be sluggish and may not skyrocket immediately as every investor would anticipate, but having a long term outlook and perspective of Bitcoin will surely help you eliminate the impacts of the market short term volatility.

It brings us back to position size and DCA, again.

Even with pessimistic folks, it is likely better to get off zero and to take a modest position size rather than staying a no coiner, and that has been the message for the past 10 years and is likely going to continue to be the message to those who continue to believe themselves to be too late, but are not doing anything to help their perceptions of being late by continuing to fail/refuse to take actions to get off zero.

I agree with you, even though one thinks he's late or has no much to gain from Bitcoin, as long as he has discretionary income present, instead of having decision fatiques, he may likely want to start off first DCAing with little amounts no matter how small and possibly he'll find his conviction to increase his aggressiveness going forward and grow out from being a wimpy or a no investor. We get nothing from doing nothing, especially in Bitcoin, you must take action to get off your no-coiner mode and get on your Bitcoin accumulation journey

The deadluck is rooted in being idle and doing nothing about your empty Bitcoin portfolio. You waste a lot of time, time you should've started off to gradually accumulate Bitcoin for yourself and if you're actionable, in the near future you still see you were much early compared to the one who remained a spectator over the years and killed his chances of getting some Bitcoin for himself and securing his financial future

Sometimes the problem with investors not investing in bitcoin because they missed out the previous years when bitcoin was a lot cheaper is actually the the absolute reason why most people don't go into the market. I spoke to a trader who happens to be a friend and after our long discussion he talked about forex and later switched to crypto trading, at the end he asked me what crypto I'm I Interested in for the next alt season, and I said non because I'll be focused on bitcoin only and criticized bitcoin of not going to be profitable anymore nor will I get to see any 2x in the coming bullish season, then I told him I wasn't interested in short term market trade but would hold for probably  a decade. So from our discussion I got to find out that most person are avoiding bitcoin because it is not as volatile as shitcoins within a small duration of time. Well that's correct amd but not logically sound because they are comparing a long term project to a short term rug project which have lead several persons to an addictive state of chasing losses after being rugged.