Buy Buy Buy or Sell Sell Sell?

[Taskford]

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

investing in bitcoin is not limited to rich only anybody can invest in bitcoin provided the person has  a source of income, discouraging people not to invest in bitcoin, because they don't have strong source of income is very bad, but rather encourage them to start investing with little amount money they can afford to invest consistently using the DCA method either weekly or monthly, because if they start accumulating bitcoin now with little they can afford  and hold for long term 5 to 10 or more they will end accumulating a good portion of bitcoin.

Its undeniable that rich people have the advantage when it comes on investment. Since they are capable to do lot of things including acquiring lots of volume  or other things they desired.

But low income people should not get discourage about it and better they should not compare their selves on rich people accumulation, since what they can do is to focus only on what they can afford and do since somehow all of us can buy small fraction of Bitcoin and that's good start already for anyone to start their long term investment. What we need in these case is consistency towards their accumulation and keep learning everyday since this is helpful for them to strengthen up their belief to continue their investment for long term purposes. People should not get discourage if they can buy a whole Bitcoin since they can use any amount they want especially if they really want to invest on Bitcoin.

[Barikui1]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

That is why it’s always advisable to buy and hold for long period , you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.

If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so  there is no point of trading with your investment.

When investing for a short period is part of the plan, there will always be problems, especially when the price of bitcoin is dropping. It is important for investors to make good plans and decisions when planning to buy bitcoin because if investing for the long term is not part of the plan, it is very possible to sell along the line at a loss. While buying bitcoin to invest, long-term investment should be the priority, and investing in bitcoin with a specific duration and time to sell can also affect investment because bitcoin is volatile and the market is unpredictable. Buy bitcoin and hodl with confidence, and never have a specific time to sell, but hodl until you are satisfied with the value from your hodling.

Investing in Bitcoin in the hope of short-term profits is always risky, market fluctuations are a very natural thing, and unexpected dumping is very normal. So a real holder never thinks about these, only by holding for a long time can the real profit of Bitcoin be achieved. You always have to think about buying, buy regularly in DCA and hold for a long time, this is the most correct strategy.
And an investor will be able to hold the investment for a long time only when he is confident in himself and in Bitcoin, this is just the beginning of Bitcoin's journey, Bitcoin's future is still far and bright. So if you want to achieve real success in the future, you must have long-term thinking.

it is true that holding btc for the long term is certainly a good idea and of course there have been many people who have succeeded because of holding btc for the long term and I also see many examples of people who buy btc but not for the long term, not a few who lose or do not get much profit because yes indeed with price fluctuations of course not a few people sell their btc even though they suffer losses.

so yes it is true that buying btc and holding it for the long term is a wise choice as long as you buy with money you are ready to lose. but of course the decision is in the hands of each, but what is clear is that until now I have never seen anyone who has lost due to long-term investment in btc because btc of course always makes new ath and until now btc has never disappointed those who are patient and hold btc firmly for the long term and do not panic selling when there is a price drop.

Yes, I agree with you and yes, this is the beginning of the journey of Bitcoin and of course in the future we will potentially see the current price of BTC is cheap like we see the price of BTC for example in 2015 or before 2015 for example 2014 and below.

The truth of the matter is that Bitcoin is on the rise, so it's either you join the moving train now or miss out and regret later, because in the short time of it existence, it has proven over and over again that it's an asset that appreciate in value overtime and even when it deeps in value, it can always recover no matter the market conditions, and it's only those myopic investors that can't see the bigger picture of it, that later regret after selling in a loss, because to the best of my knowledge, once you invest in Bitcoin, it's near impossible to be at the losing end if you are actually holding for long time.

I can still remember when Bitcoin rose to $69k at first and most people bought it then, when it crash to $16k some Investors were regretting that they bought it too costly, so fast forward from that time till now, it has gone up above $100k and now it's presently at $97k plus, so this alone entails that it can still go up further because it's on the rise, and it's still very cheap comparing to how much it might get up to in like 10 to 20 years time from now, so what am trying to say is that if you are only thinking long term when dealing with Bitcoin, you will hardly be at the losing end of your Bitcoin investment, because probability of being in a massive profit is way higher than the probability of being at a loss if you are actually holding for a longer duration.

[Promocodeudo]

investing in bitcoin is not limited to rich only anybody can invest in bitcoin provided the person has  a source of income, discouraging people not to invest in bitcoin, because they don't have strong source of income is very bad, but rather encourage them to start investing with little amount money they can afford to invest consistently using the DCA method either weekly or monthly, because if they start accumulating bitcoin now with little they can afford  and hold for long term 5 to 10 or more they will end accumulating a good portion of bitcoin.

It is very funny for anyone to even think that Bitcoin investment is only meant for the Rich or financial inclined individuals only, I think that's a shallow way of thinking if such thinking do exist, thats to say they person that have this mindset is not aware of DCA method of accumulating Bitcoin which allows every investor equal opportunity or leverage to invest with any amount they can consistently invest with either daily, weekly or monthly just as you've said as far as they can shoulder it without any form of pressure, this DCA method doesn't have a preferred individuals it favours, your financial status doesn't matter here rather your ability to sustain or upgrade your accumulation amount is what matters.

I think this should also stand as a good reason why newbieshere should read through and ask question on what to do in regarda to how to start there Bitcoin journey because some information from individuals here got me pissed and might also be misleading In such a way that it can stand as a barrier for newbies not to achieve their Goals in Bitcoin investment.

[Derekfunds]

Edited out

There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.

I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.

There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any  That way you hold your long day bitcoin You can continue the journey.

Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.

The data that has been presented from over the last ten years shows that Bitcoin could actually have a very long way to go. If we are talking about growth and multiplying the waiting period of the buyer of the coin to 5 years or more is a very clever strategy for those who trust in its future with great hopes. Even though it may sound mind-blowing for Bitcoin to be worth $1 million, it is actually a possibility given its track record and the increasing adoption.

Keeping Bitcoin for 10 or 20 years will definitely be your way of surviving the generational wealth transfer as Bitcoin which is limited in production will have the efficiency to multiply its value over time. A long-term mind-set and step by step investment is the best approach for investors who are willing to take a chance on the future of their own choice. Patience and consistency are the key as building wealth is not just an overnight process.

Yea you are very much on point bro, Bitcoin over the years has been on the rise steadily, so their is a higher probability that it can go as high as a million dollar or more in like 10 to 20 years time from now, though nothing is certain but the probability are very high, so not investing now that it's still very cheap is a risk and a regret am not willing to take, because at the end of the day we are all humans, we most times feel more regret for opportunity that we fail to take than even the ones we took, so not buying and accumulating now that it's still very cheap would be too bad for us that want to build a generational wealth overtime.
And lastly, we should pay more attention to our stash of Bitcoin because that's what going to determine how profitable and successful we are going to be in the future, because you can't just invest only $100 and be expecting to be filthy rich, your unit of Bitcoin is what's going to determine how huge your harvest will be, so try to increase your stash as much as possible because that's what will determine how successful you might be in the future.

In as much as I would love to agree with what you have said so far, I will also want you to know that I disagree with the fact that in 10 - 20 years from now that Bitcoin value will be million dollars. No matter the volatility of Bitcoin it is not possible and even if Bitcoin will hit that value then it can not be this interval of time.

Though we invest with the aim to make profit in the future but we shouldn't invest with the mindset of hyping or over hyping Bitcoin so that we don't panic when we see something different in the market. Moreover, our return in the future doesn't only depend on the unit we invested In Bitcoin but rather it also depend on the value of Bitcoin in the future but there is more possibility that the value of Bitcoin will be great in the future.

[Sim_card]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

It's better to be a low coiner in the future than a no coiner. A rich man is a rich man and has already created some investment for himself that he's using to get fat income. Not all rich people inherited their wealth, some suffered and started from the crash to build up their riches bit by bit to the level that they're now.

If you say that because you're not rich, therefore, you shouldn't benefit from the opportunity that bitcoin is offering you to multiply that your little funds that you want to invest into bitcoin for your old age. It means that you will remain poor at old age. No matter how little the amount is, even though it's $10, you can use it to invest in bitcoin consistently and persistently with DCA for 4-10 years and above for your future.

You might be surprised that as you are investing in bitcoin, it might motivate you to go and look for other means in which you can use to increase your income, because you have come to understand that bitcoin is an asset that is worth throwing some value into for the betterment of your future, even if it isn't a guarantee. Take the risk and invest than not taking the risk.

[Silikiem]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

I do not agree with your final conclusion about bitcoin investment only built for the rich because for me I don’t think one need to be a millionaire or a billionaire before one can invest in bitcoin, it doesn’t matter how low your income is, even for as low as $10 in some areas one can still invest with the only is being consistent in it, gradually as time goes on you can build up your bitcoin portfolio from the little you invested with and start stacking up  some huge funds, it is a long time investment so it’s not only limited to the millionaires, using the DCA method one can start up no matter the level of your income.

[pusaka]

Yes, bitcoin is recommended to be held for a long time, and we can even accumulate the amount when the market experiences a correction with the money we have. Many people have proven and felt that when they hold it for a long time, they can eventually get big profits, including me. And even this may be only a little that we hold compared to people who have more money. But that's not a problem at all, as long as we want to do it, then any amount is not a problem. Yes, maybe we will feel and want to hold more, well there we try to find more sources of our income to later allocate to buy bitcoin.

If anyone asks What is the best investment for the next 10-20 years? The answer is of course bitcoin. Therefore, if you have more funds for long-term investment, it is advisable to buy bitcoin. What needs to be instilled for bitcoin investors is not to be allergic to the decline in investment value because to become a true investor, this is the momentum and opportunity to accumulate investment assets in the long term.

As you said, many investors have held bitcoin for a long time and made significant profits. Moreover, currently this bitcoin investment is getting blessings from the energy of the universe. If analyzed in terms of opportunities in macro investment, the direction is also there and now many large investors are starting to invest their capital in this sector, especially since bitcoin has become one of the assets that can maintain value. So if you have more funds, please put it in bitcoin, but you also have to manage the risk, don't put your eggs in one basket. If all this can be understood, holding bitcoin in the long term will also feel safe. So, buying and holding until you get maximum profit is the right strategy.

Yes, like that, but shouldn't we be careful without doing analysis? Of course not, we have to be prepared for a possible decline when we hold, and we also have to find out new information that is now very easy to access. But this is the advantage when we do DCA, well when other people might panic because of the decline, we can use it as a momentum to buy again. Indeed, in this case we must have a very strong mentality, because if not, then we will panic. On the other hand, I think if we have been in this room for a long time, then the panic will be more overpowered.

[Muba20]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

It is very common that the larger the investment, the greater the return. But it is not correct to say that an investor invests in Bitcoin only if he has much money. There are many people who own a lot of assets and have high discretionary income but are not interested in investing in Bitcoin, and there are some who cannot be patient after investing. Even after putting a lot of money in Bitcoin, they face losses due to lack of investment knowledge. There are some who may lose investment enthusiasm later. On the other hand, those who do not have much money but are well aware of the potential of Bitcoin and plan hold a part of their discretionary income regularly in Bitcoin for the long term can get good returns.

[Futurexxx]

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

It's better to be a low coiner in the future than a no coiner. A rich man is a rich man and has already created some investment for himself that he's using to get fat income. Not all rich people inherited their wealth, some suffered and started from the crash to build up their riches bit by bit to the level that they're now.

If you say that because you're not rich, therefore, you shouldn't benefit from the opportunity that bitcoin is offering you to multiply that your little funds that you want to invest into bitcoin for your old age. It means that you will remain poor at old age. No matter how little the amount is, even though it's $10, you can use it to invest in bitcoin consistently and persistently with DCA for 4-10 years and above for your future.

You might be surprised that as you are investing in bitcoin, it might motivate you to go and look for other means in which you can use to increase your income, because you have come to understand that bitcoin is an asset that is worth throwing some value into for the betterment of your future, even if it isn't a guarantee. Take the risk and invest than not taking the risk.

I totally agree to all that you said here because anyone that truly want to grow in finance and in life needs to invest in an asset that appreciate in value overtime, just like Bitcoin, and he will not have an excuse not to invest, the only situation an individual will be in, that is not adviceable to invest in Bitcoin or any kind is if the person in question have no source of income.
In such a situation, he or she must look for a job first, so as to be able to take care of his basic needs, then after that, he might start thinking on how to invest in a manner that suits his weekly or monthly income.
Because if as an individual you cannot take care of yourself and other basic needs, it will be just a matter of time before you eat up your holdings bit by bit because you have no source of income.

[Zackz5000]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

Bitcoin investment is not specifically for the rich alone but for any one who has his or her discretionary income to start accumulating Bitcoin with, investing in bitcoin doesn't require breaking the bank or been very rich before one can invest in bitcoin, so saying that the system is built for the rich and not for the poor is very wrong, if you can figure out what is supposed to be your leftover fund you can start accumulating Bitcoin gradually using the DCA strategy where you can be accumulating Bitcoin regularly either weekly or monthly and hodl for a period of 4-10 and more.

[Agbamoni]

Yea you are very much on point bro, Bitcoin over the years has been on the rise steadily, so their is a higher probability that it can go as high as a million dollar or more in like 10 to 20 years time from now, though nothing is certain but the probability are very high, so not investing now that it's still very cheap is a risk and a regret am not willing to take, because at the end of the day we are all humans, we most times feel more regret for opportunity that we fail to take than even the ones we took, so not buying and accumulating now that it's still very cheap would be too bad for us that want to build a generational wealth overtime.
And lastly, we should pay more attention to our stash of Bitcoin because that's what going to determine how profitable and successful we are going to be in the future, because you can't just invest only $100 and be expecting to be filthy rich, your unit of Bitcoin is what's going to determine how huge your harvest will be, so try to increase your stash as much as possible because that's what will determine how successful you might be in the future.

In as much as I would love to agree with what you have said so far, I will also want you to know that I disagree with the fact that in 10 - 20 years from now that Bitcoin value will be million dollars. No matter the volatility of Bitcoin it is not possible and even if Bitcoin will hit that value then it can not be this interval of time.

Though we invest with the aim to make profit in the future but we shouldn't invest with the mindset of hyping or over hyping Bitcoin so that we don't panic when we see something different in the market. Moreover, our return in the future doesn't only depend on the unit we invested In Bitcoin but rather it also depend on the value of Bitcoin in the future but there is more possibility that the value of Bitcoin will be great in the future.

I understand what you mean but I will challenge you that nothing is certain on what may be the price of Bitcoin. The truth is you don't fully know what the next 20 or 30 years will look like. Something might happen that we project the price to move to millions. It could be increase in adoption, sometimes the unimaginable becomes a reality. As long as the future is not certain, Bitcoin = 1 million dollars seem very realistic in 20 to 30 years.

Did you forget it took Bitcoin 16 years to grow from $0 to $110k. There was a time when $1,000 per Bitcoin was unthinkable too, $5,000, $10,000, $100k too. As adoption grows, institutional interest increases, and fiat currencies face inflationary pressure, it’s not out of the realm of possibility. It’s speculative, yes, but not impossible. $1 million may be too stretched but it can be possible too.

[Makus]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

investing in bitcoin is not limited to rich only anybody can invest in bitcoin provided the person has  a source of income, discouraging people not to invest in bitcoin, because they don't have strong source of income is very bad, but rather encourage them to start investing with little amount money they can afford to invest consistently using the DCA method either weekly or monthly, because if they start accumulating bitcoin now with little they can afford  and hold for long term 5 to 10 or more they will end accumulating a good portion of bitcoin.

Initially bitcoin was created for everyone as a solution to eliminating the need for any third-party or financial institution, but due to its volatility it pleases people to see it as a store of value of which has been profitable to a lot of lot of holders. Irrespective of the fact that alot of holders have been profitable from their holdings, it doesn't justify that bitcoin is safe or profit is guaranteed.  Alot of people like to consider the merits without considering the demerits and that is why we often hear people call bitcoin scam, or tag bitcoin to those shitcoins probably because of their performance without properly understanding that bitcoin is entirely different any project that seems to have thesame form. So yeah the poor can invest in bitcoin but the most important thing is to have a source of income to fuel their enthusiasm and accumulate using any strategy that suits them but most recommended the DCA strategy. However If anyone wishes to invest in bitcoin without a steady source of income, I'll advise they get a job first because investing without a source of income is easily predictable that they'll end up spending back their investment if problem arises.

Even if they get a source of income then they should also understand the concept of risk management and consider investing only from their discretionary income so they don't make mistakes of using money for other important need to invest in bitcoin and later go back to make withdrawal when they realize their mistake or when the need becomes extremely demanding.

[Byebyebtc]

Bitcoin investment is not specifically for the rich alone but for any one who has his or her discretionary income to start accumulating Bitcoin with, investing in bitcoin doesn't require breaking the bank or been very rich before one can invest in bitcoin, so saying that the system is built for the rich and not for the poor is very wrong, if you can figure out what is supposed to be your leftover fund you can start accumulating Bitcoin gradually using the DCA strategy where you can be accumulating Bitcoin regularly either weekly or monthly and hodl for a period of 4-10 and more.

I totally agree with you on this. It’s way easier to be a Bitcoin investor than to be a trader or miner. For miners, you need to be financially capable; able to afford steady electricity, large mining machines, and powerful computers. Honestly, a lot goes into mining these days to make it successful. Trading is also very risky, you need capital and deep, long-term knowledge. That’s why it’s not really advisable for most people. Investing is more straightforward. The DCA strategy has made it easier for anyone to invest in Bitcoin with their extra income, no matter how small or big it is.

The thing is, Bitcoin doesn’t magically create wealth if you invest in it. What you put in is what determines your profit in the future. Every chance to invest is a chance to grow your wealth.

I hear people say how hard it is to buy a whole Bitcoin, and I wonder why they still think that way. Maybe they don’t fully understand how investing works. It’s not about buying a whole Bitcoin; what matters is how much of your discretionary income you can put in and the percentage gain you can get over time. It’s the same with other appreciating assets like real estate or stocks. It’s not just the rich investing anymore, anyone can own a piece. The only difference is that someone who owns more will see bigger returns, but everyone still profit if they hold it for long-term.

[JayJuanGee]

[edited out]

It’s a lot more understandable when newbie investors are still dwelling on the profit maximization mindset when investing in Bitcoin, but as one advances and becomes more experienced and equipped, it’s important to make a shift in focus from the profit maximization approach to wealth preservation and management approach.

It is likely that each of us will continue to monitor the extent to which our BTC holdings are in profits, yet the extent to which they are in profits should not really be a great motivator when it comes to figuring out where we are at.  Are we still accumulating bitcoin or have we passed into a maintenance stage.  if we are in a maintenance stage we might well be wanting to preserve our overall bitcoin size, and sure we might buy and sell from time to time, yet whatever we do would not be decreasing our bitcoin stash with any kind of significance.  Maybe at some point we might conclude that we are able to live off of our bitcoin or to use our bitcoin to supplement whatever other income that we have, then at that point, we might start to draw from our bitcoin based on price based withdrawals (hopefully in a sustainable way).. and/or time-based sustainable withdrawals. 

Historically Bitcoin has continued to have quite a great value appreciation so that once we are at a decently sized stash.. possibly at an overaccumulation level, then likely we can figure out systems to start to withdraw from our bitcoin stash, and our withdrawal rate may well end up being way less than the amount that the bitcoin is gaining in value (even accounting for the debasement of the dollar and other fiat currencies).

[edited out

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

What good does it do to whine about being poor?  If you have identified bitcoin as a good investment, you can try to figure out ways to accumulate it and to potentially increase your discretionary income so that you can buy more sooner.

Sometimes for younger folks it is better to focus on training themselves to be able to get higher paid jobs in the future or even to invest into some kind of business where they can leverage their labor and to be able to make more than they would be able to make if they were working for someone else.

Surely each of us has to work with the assets that we have to figure out if there might be ways that we can increase our discretionary income in the event that we believe that we do not have enough discretionary income.

I do agree with you that investing in bitcoin or any other investment does favor the rich, yet there are ways that less fortunate folks can still get advantages and to advance more than people who are way better off than them, especially when it comes to bitcoin.. we have already seen in bitcoin that there are folks who have identified bitcoin as a good investment, and have focused on accumulating bitcoin, and we are still early to bitcoin in terms of overall world wide adoption so anyone developing a bitcoin plan and putting it into action sooner rather than later is likely going to be advantaged by his having had taken such pro bitcoin accumulation actions - especially focusing on buying bitcoin and not selling it or trading it..

[edited out]

The truth of the matter is that Bitcoin is on the rise, so it's either you join the moving train now or miss out and regret later, because in the short time of it existence, it has proven over and over again that it's an asset that appreciate in value overtime and even when it deeps in value, it can always recover no matter the market conditions, and it's only those myopic investors that can't see the bigger picture of it, that later regret after selling in a loss, because to the best of my knowledge, once you invest in Bitcoin, it's near impossible to be at the losing end if you are actually holding for long time.

I can still remember when Bitcoin rose to $69k at first and most people bought it then, when it crash to $16k some Investors were regretting that they bought it too costly, so fast forward from that time till now, it has gone up above $100k and now it's presently at $97k plus, so this alone entails that it can still go up further because it's on the rise, and it's still very cheap comparing to how much it might get up to in like 10 to 20 years time from now, so what am trying to say is that if you are only thinking long term when dealing with Bitcoin, you will hardly be at the losing end of your Bitcoin investment, because probability of being in a massive profit is way higher than the probability of being at a loss if you are actually holding for a longer duration.

Even if someone had gotten into bitcoin towards the top in 2021, they would have had still done o.k.  and even better if they continued to accumulate bitcoin. 

Let's say for example a person in his early 30s with an annual income of around $30k got into bitcoin right around the $69k top, and maybe that person made various lump sum buys throughout late 2021 that ended up averaging around $60k, and so maybe they spent $10k of their savings on bitcoin, and so they got right around 0.16666667 BTC. 

That person may have had been expecting the BTC price to go up to $100k and beyond, yet if the person had more than a 10 year investment timeline, he may well would have had decided to continue buying bitcoin on a weekly basis, and maybe he had even started DCAing into bitcoin with $100 per week in early 2021, so he has 4 years buying bitcoin at $100 per week and then he made various lump sum buys near the 2021 top.

So with his 4 years of buying bitcoin at $100 per week, he would have invested around $21k and accumulated about 0.5148 BTC, and so his total investment by now would have had been about $31k and with 0.6814667 BTC  (with a 200-WMA value of $31,671 and a spot price value of $65,712).  Not a bad stash size, even though not quite yet large enough to replace his current income level.. but surely on a good path to be able to achieve such replacement of income within another cycle or two of ongoing BTC accumulation. 

I personally prefer using the 200-WMA to figure the extent to which the guy is in profits, which currently he is at break even, and he has both invested a whole year's salary and the 200-WMA values the stash at about the same rate.. yet if he keeps investing, the 200-WMA is likely going to continue to grow faster than the amount that he puts in, and it seems to me that he is starting to be in a good place to really start to profit from the compounding of value effect, even if he might still need to continue to invest at $100 per week or whatever his income might allow since with the passage of time he may also be able to increase his income and his investment into bitcoin.

[Publictalk792]

Initially bitcoin was created for everyone as a solution to eliminating the need for any third-party or financial institution, but due to its volatility it pleases people to see it as a store of value of which has been profitable to a lot of lot of holders. Irrespective of the fact that alot of holders have been profitable from their holdings, it doesn't justify that bitcoin is safe or profit is guaranteed.  Alot of people like to consider the merits without considering the demerits and that is why we often hear people call bitcoin scam, or tag bitcoin to those shitcoins probably because of their performance without properly understanding that bitcoin is entirely different any project that seems to have thesame form. So yeah the poor can invest in bitcoin but the most important thing is to have a source of income to fuel their enthusiasm and accumulate using any strategy that suits them but most recommended the DCA strategy. However If anyone wishes to invest in bitcoin without a steady source of income, I'll advise they get a job first because investing without a source of income is easily predictable that they'll end up spending back their investment if problem arises.

Even if they get a source of income then they should also understand the concept of risk management and consider investing only from their discretionary income so they don't make mistakes of using money for other important need to invest in bitcoin and later go back to make withdrawal when they realize their mistake or when the need becomes extremely demanding.

Bitcoin started as way for everyone to send money without needing banks or other companies. But because its price goes up and down much people now mostly see it as something to save money in hoping it will be worth more later and it has made money for many people who have held it. It is true that price has gone up for those who kept it for long time and this makes people sometimes forget about the risks.
Warning you gave people is also good, not to think Bitcoin is always safe or that they are guaranteed to make money. Fact is that its price changes much and only looking at times it has gone up without thinking about times it could go down is bad way to think. This only looking at good sides is probably why some people especially if they have lost money on other cryptocurrencies wrongly call Bitcoin is also scam or think it is same as those less trustworthy coins without really understanding that Bitcoin is very different.
Having steady job and income is most important thing before even thinking about putting money into something as unpredictable as Bitcoin. If you do not have regular income you will be very tempted to sell your Bitcoin if you have any money problems and that mostly leads to losing money. And idea of buying Bitcoin regularly with DCA is good way for many people because it helps reduces risk of buying at  wrong time and encourages thinking about it as long term investment.

[Gost ms]

Initially bitcoin was created for everyone as a solution to eliminating the need for any third-party or financial institution, but due to its volatility it pleases people to see it as a store of value of which has been profitable to a lot of lot of holders. Irrespective of the fact that alot of holders have been profitable from their holdings, it doesn't justify that bitcoin is safe or profit is guaranteed.  Alot of people like to consider the merits without considering the demerits and that is why we often hear people call bitcoin scam, or tag bitcoin to those shitcoins probably because of their performance without properly understanding that bitcoin is entirely different any project that seems to have thesame form. So yeah the poor can invest in bitcoin but the most important thing is to have a source of income to fuel their enthusiasm and accumulate using any strategy that suits them but most recommended the DCA strategy. However If anyone wishes to invest in bitcoin without a steady source of income, I'll advise they get a job first because investing without a source of income is easily predictable that they'll end up spending back their investment if problem arises.

Even if they get a source of income then they should also understand the concept of risk management and consider investing only from their discretionary income so they don't make mistakes of using money for other important need to invest in bitcoin and later go back to make withdrawal when they realize their mistake or when the need becomes extremely demanding.

Bitcoin started as way for everyone to send money without needing banks or other companies. But because its price goes up and down much people now mostly see it as something to save money in hoping it will be worth more later and it has made money for many people who have held it. It is true that price has gone up for those who kept it for long time and this makes people sometimes forget about the risks.
Warning you gave people is also good, not to think Bitcoin is always safe or that they are guaranteed to make money. Fact is that its price changes much and only looking at times it has gone up without thinking about times it could go down is bad way to think. This only looking at good sides is probably why some people especially if they have lost money on other cryptocurrencies wrongly call Bitcoin is also scam or think it is same as those less trustworthy coins without really understanding that Bitcoin is very different.
Having steady job and income is most important thing before even thinking about putting money into something as unpredictable as Bitcoin. If you do not have regular income you will be very tempted to sell your Bitcoin if you have any money problems and that mostly leads to losing money. And idea of buying Bitcoin regularly with DCA is good way for many people because it helps reduces risk of buying at  wrong time and encourages thinking about it as long term investment.

Your comment is very misleading. Bitcoin price has not decreased but increased. Bitcoin market is very volatile Bitcoin price decreases and increases again. But after the decline Bitcoin always creates a new ATH. We can expect to see a new ATH this time too. In case of long-term investment, the risk is much less. In short-term investment you have to worry about small ups and downs of the market. But in case of long-term investment you do not need to worry about small downs.

It is never right to associate Bitcoin with cryptocurrency. Cryptocurrency does not usually mean a specific currency. Rather, when we say cryptocurrency, we mean all the currencies in the market.

DCA is an investment method. DCA method is not something that encourages us to think of as a long-term investment. Through the DCA method, you can buy at any time and you can buy with $ 5 or $ 10. The most important thing to keep an investment for the long term is faith in Bitcoin. Because if someone does not have faith in Bitcoin, then they may panic and sell their holdings when they see a small decline in the market.

[Tonimez]

Initially bitcoin was created for everyone as a solution to eliminating the need for any third-party or financial institution, but due to its volatility it pleases people to see it as a store of value of which has been profitable to a lot of lot of holders. Irrespective of the fact that alot of holders have been profitable from their holdings, it doesn't justify that bitcoin is safe or profit is guaranteed.  Alot of people like to consider the merits without considering the demerits and that is why we often hear people call bitcoin scam, or tag bitcoin to those shitcoins probably because of their performance without properly understanding that bitcoin is entirely different any project that seems to have thesame form. So yeah the poor can invest in bitcoin but the most important thing is to have a source of income to fuel their enthusiasm and accumulate using any strategy that suits them but most recommended the DCA strategy. However If anyone wishes to invest in bitcoin without a steady source of income, I'll advise they get a job first because investing without a source of income is easily predictable that they'll end up spending back their investment if problem arises.

Even if they get a source of income then they should also understand the concept of risk management and consider investing only from their discretionary income so they don't make mistakes of using money for other important need to invest in bitcoin and later go back to make withdrawal when they realize their mistake or when the need becomes extremely demanding.

Bitcoin started as way for everyone to send money without needing banks or other companies. But because its price goes up and down much people now mostly see it as something to save money in hoping it will be worth more later and it has made money for many people who have held it. It is true that price has gone up for those who kept it for long time and this makes people sometimes forget about the risks.
Warning you gave people is also good, not to think Bitcoin is always safe or that they are guaranteed to make money. Fact is that its price changes much and only looking at times it has gone up without thinking about times it could go down is bad way to think. This only looking at good sides is probably why some people especially if they have lost money on other cryptocurrencies wrongly call Bitcoin is also scam or think it is same as those less trustworthy coins without really understanding that Bitcoin is very different.
Having steady job and income is most important thing before even thinking about putting money into something as unpredictable as Bitcoin. If you do not have regular income you will be very tempted to sell your Bitcoin if you have any money problems and that mostly leads to losing money. And idea of buying Bitcoin regularly with DCA is good way for many people because it helps reduces risk of buying at  wrong time and encourages thinking about it as long term investment.

Your comment is very misleading. Bitcoin price has not decreased but increased. Bitcoin market is very volatile Bitcoin price decreases and increases again. But after the decline Bitcoin always creates a new ATH. We can expect to see a new ATH this time too. In case of long-term investment, the risk is much less. In short-term investment you have to worry about small ups and downs of the market. But in case of long-term investment you do not need to worry about small downs.

It is never right to associate Bitcoin with cryptocurrency. Cryptocurrency does not usually mean a specific currency. Rather, when we say cryptocurrency, we mean all the currencies in the market.

DCA is an investment method. DCA method is not something that encourages us to think of as a long-term investment. Through the DCA method, you can buy at any time and you can buy with $ 5 or $ 10. The most important thing to keep an investment for the long term is faith in Bitcoin. Because if someone does not have faith in Bitcoin, then they may panic and sell their holdings when they see a small decline in the market.

Investing by DCA is not  just an investment strategy, it is more reliable when it comes to letting you Hodl for a long term. Even though you mentioned 'Faith' in bitcoin, it is right to say that, but understanding bitcoin is more important than having faith in bitcoin. It is your understanding of bitcoin that would let you understand the benefits of have a 'Limited Supply'. Understanding bitcoin also would allow you understand how crucial bitcoin 'Volatility' is to bitcoin strength. Sometimes we have faith in things without understanding it, this makes the whole task so cumbersome and leaves you out with wishes.

It would be easier for someone who 'understands bitcoin' and invests by DCA to hold longer than someone who has 'Faith' in bitcoin and invests by 'Lumpsum'. It's not just about pushing money into bitcoin, it's about holding for long to avoid running loss when volatility sets in.

[Tungbulu]

[edited out]

It’s a lot more understandable when newbie investors are still dwelling on the profit maximization mindset when investing in Bitcoin, but as one advances and becomes more experienced and equipped, it’s important to make a shift in focus from the profit maximization approach to wealth preservation and management approach.

It is likely that each of us will continue to monitor the extent to which our BTC holdings are in profits, yet the extent to which they are in profits should not really be a great motivator when it comes to figuring out where we are at.  Are we still accumulating bitcoin or have we passed into a maintenance stage.  if we are in a maintenance stage we might well be wanting to preserve our overall bitcoin size, and sure we might buy and sell from time to time, yet whatever we do would not be decreasing our bitcoin stash with any kind of significance.  Maybe at some point we might conclude that we are able to live off of our bitcoin or to use our bitcoin to supplement whatever other income that we have, then at that point, we might start to draw from our bitcoin based on price based withdrawals (hopefully in a sustainable way).. and/or time-based sustainable withdrawals. 

Historically Bitcoin has continued to have quite a great value appreciation so that once we are at a decently sized stash.. possibly at an overaccumulation level, then likely we can figure out systems to start to withdraw from our bitcoin stash, and our withdrawal rate may well end up being way less than the amount that the bitcoin is gaining in value (even accounting for the debasement of the dollar and other fiat currencies).

Yeah, it’s understandable to monitor how profitable your investment has become, but this shouldn’t be because you wanna take out those profits, but because you wanna use that as an opportunity to assess and evaluate how much progress you’ve made with your investment and how closer you’re getting to your goals.
I quite believe that the shift from accumulation to maintenance makes a lot of sense, because you get the chance to focus on preserving your Bitcoin portfolio while still having the chance to make some reassessment and possible adjustments occasionally and when needed.

When we look at the history of Bitcoin, we’d observe that Bitcoin’s value appreciation has been very significant, and this potentially allows for conservative withdrawal rates. And this is exactly why it’s crucial to employ/initiate a sustainable withdrawal strategy when transitioning to living off you Bitcoin Stash or supplement income.
Strategies like the DCA or setting aside a fiat buffer should be considered when trying to balance withdrawal rates with Bitcoin’s market volatility. I may be wrong but I feel it’ll also be a pretty great approach to also diversify their withdrawal approach by using a combination of both the price based and the time based withdrawal strategy.

One may need to regularly stay informed at all time when preparing for market fluctuations, also being adaptable and most importantly, maintaining a long term perspective of the asset, because this is the actual thing that’ll help ride out the effects of temporary or short term market fluctuations and volatility, and lastly, it’s also very essential for investors to regularly consider their risk tolerance level and regularly adjust their investment strategies accordingly and when the need arises.

[Felicity_Tide]

Bitcoin started as way for everyone to send money without needing banks or other companies. But because its price goes up and down much people now mostly see it as something to save money in hoping it will be worth more later and it has made money for many people who have held it.

Price going up and down is not a complete reason. I don't think anyone would invest in something that fluctuates(going up/down and returning back to it's normal state), without any attributes of a better growth. imo, the best reason was that, Bitcoin can increase in a long term even while volatility still does it's thing(up and down movement). I was trying to understand it's price growth mathematical model, and I actually discover that it doesn't follow a complete exponential pattern since it's price doesn't necessarily double after a complete cycle. I think the "power law" behavior describes its price movement better, since it's priced increases over a long term even with the influence of volatility.

Having steady job and income is most important thing before even thinking about putting money into something as unpredictable as Bitcoin. If you do not have regular income you will be very tempted to sell your Bitcoin if you have any money problems and that mostly leads to losing money. And idea of buying Bitcoin regularly with DCA is good way for many people because it helps reduces risk of buying at  wrong time and encourages thinking about it as long term investment.

Having a source of income is not even negotiable. And not just a regular source of income, having a good one also gives you a better chance of accumulating more fractions, setting aside your emergency funds(if you probably haven't done that from day one), and also setting aside your basic needs as well.

[As-Soon-As]

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

investing in bitcoin is not limited to rich only anybody can invest in bitcoin provided the person has  a source of income, discouraging people not to invest in bitcoin, because they don't have strong source of income is very bad, but rather encourage them to start investing with little amount money they can afford to invest consistently using the DCA method either weekly or monthly, because if they start accumulating bitcoin now with little they can afford  and hold for long term 5 to 10 or more they will end accumulating a good portion of bitcoin.

Only by being patient for a long time, a low-income person can invest in Bitcoin. If you only use strategy and intelligence to hold on to Bitcoin investment for a long time, then your investment will definitely be successful. Some low-income people are succeeding by investing in Bitcoin, but some rich people are reluctant to invest in Bitcoin, mainly because they do not have the patience.
It takes faith and intelligence to invest in Bitcoin, then you can definitely get the most success, and if you can live a more refined life, then by adding another five dollars to your Bitcoin investment, you can create a larger fund at the end of the year.