Buy Buy Buy or Sell Sell Sell?

[Kelward]

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

your faith in bitcoin is more like the prerequisite thing that gets you started in bitcoin investment, once you have started, you should not be talking about not having too much faith in bitcoin or not, what you should be talking about is how you can effectively remain invested for the long run and set parameters in place that will help you get the best from your investment...

You can start investing in bitcoin with little faith and still succeed. I don't us to attach too much religion to financial investment because that can bring some form or careless behavior with the belief that their faith will correct such actions. What is needed to succeed in bitcoin is not all about faith but following the right approach which is investing with only discretionary income, setting up emergency funds and ensuring you plan long term. Even if you are new to bitcoin and do not have much faith in it but you follow this step, you will succeed as a bitcoin investor. Key point is, don't over complicate the process.

Nobody can see into the future and accurately predict what can happen in it but we can however still predict what we believe can happen in the future because of the foundation of what we believe in. Bitcoin has proven it's reputation that it can be trusted to always be profitable on the long term, this is the reason that it is bullish now and demand is exceeding supply. More smart investors are realizing that Bitcoin is a store of value to put money into and reap bountifully during bull circles.

Bitcoin is a unique investment asset, it doesn't discriminate, both the rich and poor can buy and hold it, everybody is welcomed to join the train so far you have discretionary funds. Anybody that doesn't see the potentials of Bitcoin is their own lose, you cannot force anybody to get into what is profitable for them. I encourage newbies not to wait for the perfect price before buying, buy when you have the funds because Bitcoin will surely move past that price sooner or later and they'll be profitable.

[Sim_card]

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

your faith in bitcoin is more like the prerequisite thing that gets you started in bitcoin investment, once you have started, you should not be talking about not having too much faith in bitcoin or not, what you should be talking about is how you can effectively remain invested for the long run and set parameters in place that will help you get the best from your investment...

You can start investing in bitcoin with little faith and still succeed. I don't us to attach too much religion to financial investment because that can bring some form or careless behavior with the belief that their faith will correct such actions. What is needed to succeed in bitcoin is not all about faith but following the right approach which is investing with only discretionary income, setting up emergency funds and ensuring you plan long term. Even if you are new to bitcoin and do not have much faith in it but you follow this step, you will succeed as a bitcoin investor. Key point is, don't over complicate the process.

I believe that what you mean is confidence and not faith. Of course, it's a norm that in the beginning as a new investor, you will have some doubts about bitcoin since you don't have the knowledge of bitcoin. Any new investor who has little confidence in bitcoin should start by investing with little amount of money as low as $10 and above for one year and above while he builds his confidence by learning and from his experience by in the market as he buys regularly every week consistently and persistently.

With time, after he must have increased his confidence in bitcoin, he can increase the amount of money from his discretionary income that he has been using to buy to invest aggressively in order to cover up all those times that he was buying with little amount of money. It's better that you start and have a little size of bitcoin in your portfolio than not having at all due to lack of confidence in bitcoin. Consistency and persistently accumulation of bitcoin is what really matters and not by how much that you are using to invest in bitcoin weekly.

I think someone can start with the little they have if after Investing it won't choke them later but if someone knows that if after Investing in Bitcoin their responsibilities and there needs will choke them then I will suggest they don't invest in Bitcoin at all because it makes no sense after investing you went back to sell your coin because of your inability to take care of your needs and wants.

It's good for someone in this situation to find a second means of income and cut down his expenses. The second means of income can serve as his discretionary income which he can use to start his bitcoin investment.

[avp2306]

This leads to me asking this question, do you ever thing bitcoin can rise so high that it will hit $20m in the future, whats the guarantee and how can one be so confident that bitcoin will not loose  before it rise so high? i also have this believe as a matter of time, bitcoin will soon get a competitor that can be able to compete with it which can give people an alternative to go for the coin instead. just like the bitcoin became an alternative to the fiat. the fiat was what we knew for ages before the coming of bitcoin, I am scared a time will come bitcoin will lose its value once it has a very strong competitor.

i know what I'm saying is not what will happen now or in the nearest future (maybe after the people of our era cease to exist, I don't know) but there will come a time when bitcoin will no longer be relevant or so highly valued, are experts already looking at that future and what are the alternatives?

Currently, I don't think that any coin can pop up in future that will take over dominance from bitcoin because bitcoin has already achieved a milestone that no digital currency have achieved one-tenth of it. Don't forget that it's because of the problem that bitcoin is solving that is leading to its adoption due to her decentralized nature and censorship resistance. After bitcoin was created every other coin that was created after bitcoin was unable have that uniqueness of bitcoin because they are centralized and the dev created these shitcoins to scam people from their hard earned money through pump and dump.


Any new coin created will not be able to have the marketcap of bitcoin, talk more of to be in competition with bitcoin. I feel that you don't understand much about bitcoin and shitcoins. It's only if bitcoin network fails that bitcoin will not take over other asset that are leading bitcoin currently in marketcap. Don't you see that government, big institutions and companies are buying bitcoin because it has been tested and confirmed to be a good asset and a store of value overtime. Has any asset in the same line with gold taken over gold in price and value since history NO.

None of them could defeat the dominance of Bitcoin and if they say that they will follow or even defeat Bitcoin in future for sure they are bluffing around then try to promote their scam coins or tokens.

So much better for people to stop finding the next Bitcoin since by investing on Bitcoin itself they can possibly get those things that they want. They would just engage on a risky situation for finding a potential alts and there's a good chance that they might just end up getting scam by online criminals.

Big institution and government now see the potential of Bitcoin and people better to look at it as good basis for them to strengthen up their believe on Bitcoin. With growing participation of big entities that already show that Bitcoin will became more a big deal in future. So for those investor thinking about buying Bitcoin better to start now then do long term with Bitcoin.

[Jostern]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and you can learn all the things along with investing. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

I still find it difficult to understand why some folks feels that you need to have a lot of money to invest in bitcoin, and they feel you need to be financially stable to invest and accumulate bitcoin, Well I must say there was no reason, I will only say most guys are ignorant of themselves because if you should ask them there is no reason for such thinking, Bitcoin is made for the rich and poor, Definitely people that are poor can invest in Bitcoin and hold for a very long time considering that they have a discretionary income, You don’t need a financial planning but just a income and a discretionary income then you can start investing and sustaining your invest along the like with a best working strategy, then probably along the line you want to accumulate more and buy aggressively then you can think of a possible way of having more discretionary income to enable you accumulate more Bitcoin into your portfolio, For someone that is from a part of the world like me that things are very hard and the economy is very bad, I was quite afraid of how to continue investing and accumulating after starting, but from my little source of income I could get some discretionary income and then that was how I could continue to buy and accumulate little by little, and when the opportunity of being aggressive with more discretionary income comes I always try to approach my Bitcoin investments with more enthusiasm.

[yixichloro2xx]

It's obvious that now is when some are would have realized what we have been talking about, investing in bitcoin and holding being profitable, I can recall back then, when the market plummet from $90,00 to $78,000 sometimes this year, then many thoughts we are done with the bull season and begin to accommodate for fear of missing out, then some understand that we are yet to arrive the last all time high for the season.

Those that took the advantage of buying the dip and holding them are now obviously into profits, because even as we speak now, we are not done with the all time high, the market may pump further anytime from now, while only those that hold will be part of the benefits, if we can still have some people that will be able to hold further till we reach maximum high for the season or even till after the next halving coming 2028.

Yeah, I remember that drop too, and honestly, it made me doubt for a moment. But now I see how those who stayed calm and kept buying during that dip are the ones smiling now..... It is  becoming more clearer to me that holding through all the ups and downs is really where the gains come from..... I am  learning to stop reacting emotionally and just stick to the plan  buy what I can and hold longterm, even beyond this cycle if possible.

[BTC_pokaop]

So I came across this picture, definitely it’s not just a house but an estate they’re talking about here, lol.
Going by the data trend in the picture, you can see how bitcoin has outperformed real estate by a mile indicated by the decrease in the amount of BTC required to purchase an estate. Judging by the trend in 2030 it’ll be less maybe 0.1-0.5 BTC, considering Bitcoin  is speculated to be $1mil and above.  
Anyone trying to invest in bitcoin to build a house should first aim to own a reasonable amount of BTC atleast 1Btc and above.

I don't know which country you are talking from? From my country you can build a house like this with $30,000, which is currently 0.259 BTC. So if you plan to build a house in 2030 then you don't need 1 BTC. If you assume that the price of Bitcoin will be one million dollars in 2030, so if you have 0.03 BTC then you can build such a house in 2030. So you don't have to buy one BTC, the price of Bitcoin will definitely increase a lot in the future, so try to accumulate as much as you can.

]Yeah, I remember that drop too, and honestly, it made me doubt for a moment. But now I see how those who stayed calm and kept buying during that dip are the ones smiling now..... It is  becoming more clearer to me that holding through all the ups and downs is really where the gains come from..... I am  learning to stop reacting emotionally and just stick to the plan  buy what I can and hold longterm, even beyond this cycle if possible.

It is natural that the price of Bitcoin will fall. If you are scared of it, then you are not a genuine investor. Genuine investors do not panic when the market falls, rather they hold on to it. So try to change this kind of mindset. If you do not have a long-term plan, then you will not be able to succeed from Bitcoin. We know that everyone can invest in Bitcoin but not everyone has the mindset to hold for the long term. And if you do not have the mindset to hold for the long term, then investing in Bitcoin is not for you.

[POPOLUV]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.

[Miles2006]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

I think someone can start with the little they have if after Investing it won't choke them later but if someone knows that if after Investing in Bitcoin their responsibilities and there needs will choke them then I will suggest they don't invest in Bitcoin at all because it makes no sense after investing you went back to sell your coin because of your inability to take care of your needs and wants.

If the person feel the big contract will definitely come and they don't have all it takes to invest and maintain their investment at the moment I will advise they wait for the big contract and while they are waiting for the contract they are also hustling to make things work out so should in case the big contract doesn't work out they won't be hopeless and stranded. Remember it is not every time, it is better to start small because sometimes you will regret why you started small.

Definitely it’s not too late but, having this mindset will cause more delay whereby you have to wait for a big opportunity before investing. Bitcoin investment is referred as a long term investment for a purpose and with all the financial crisis one can still have time to meet up so it’s better they start with the little till whenever the big contract comes they can also accumulate big. It doesn’t necessarily mean you have to start chasing loss because depriving yourself from starting bitcoin investment the earlier can cause loss, as a matter of fact invest only when you have a discretionary  income probably in this way you don’t have to bother about the number of years you’ll hold before getting to a satisfied portfolio. There’s also a plan budget that comes with accumulating bitcoin generally for DCA strategy, investors facing difficulties just need to buy weekly using their discretionary income.

[bitzizzix]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.

Knowledge is important and fundamental, but for Bitcoin, I believe having adequate knowledge is sufficient, as long as it's for a long-term goal. With a long-term goal, you have plenty of time to learn more about Bitcoin as a whole and how to invest effectively. What you need to know about a long-term goal is what to do and what you'll need during your long-term investment journey, such as a source of income. The source of income doesn't have to be a fixed income, as buying Bitcoin is important, although uncertain. You can buy when you have it, but you should still use discretionary income. If you do this consistently by buying regularly when you have income, you can buy Bitcoin. Don't forget to consider an emergency fund, and this can be done after you've made a decision due to limitations, as it's unlikely you'll sell it in the short term. Long-term goals allow you to plan for setting aside an emergency fund and increasing your income in any way. And that's the most important thing about treating Bitcoin for the long term, because the long term gives you time to grow and allows your desired plans to proceed smoothly.

[virasog]

It is natural that the price of Bitcoin will fall. If you are scared of it, then you are not a genuine investor. Genuine investors do not panic when the market falls, rather they hold on to it. So try to change this kind of mindset. If you do not have a long-term plan, then you will not be able to succeed from Bitcoin. We know that everyone can invest in Bitcoin but not everyone has the mindset to hold for the long term. And if you do not have the mindset to hold for the long term, then investing in Bitcoin is not for you.

Those who are invested in bitcoin they should have a big heart to see the price dump and their portfolio decrease. For long-term holders, they should be prepared that bitcoin price will dump and pump. People should not see the bitcoin price in dollar terms, otherwise they would be tempted to sell.

If you want to hold for the long term, they should focus on holding the bitcoin and increasing their satoshi amounts, regardless of the price of the bitcoin. Those who are able to hold for long term and not tempted to sell, your portfolio will continue to increase endlessly and these profits will increase more as the bitcoin make new high over the years.

[Jewan420]

If you want to hold for the long term, they should focus on holding the bitcoin and increasing their satoshi amounts, regardless of the price of the bitcoin. Those who are able to hold for long term and not tempted to sell, your portfolio will continue to increase endlessly and these profits will increase more as the bitcoin make new high over the years.

I agree with you. It might be a good move for an investor to focus on the number of Bitcoins or Satoshis instead of the price of Bitcoin. Our goal is not a price, but the number of Bitcoins. So while accumulating Bitcoin, we should see Bitcoin as equivalent to fiat. That is, not the price of Bitcoin, but the number of Bitcoins.

Then maybe we will get some relief from the volatility of Bitcoin prices and the market volatility will not affect us in any way. Maybe it will be better for us to hide the price of Bitcoin and show the number of Bitcoins. Then maybe we can focus more on accumulating Bitcoins than on Bitcoin prices. This can be more effective for accumulating Bitcoins.

[Qhunman]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

As a newbie I have learnt that investing in Bitcoin doesn't need too much requirements and it is not also difficult to start. What's is needed to start your Bitcoin investment is your discretional income and as long as your discretional income is ready, you can invest straight away. You don't have to be afraid or feel Bitcoin is expensive to buy,you can start buying bitcoin in units from discretional income consistently. However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check. It's  also gonna be a plus if he starts making proper research about Bitcoin,to know and learn the basics about bitcoin and how to invest on the long run.

[Zackz5000]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.

Knowledge is important and fundamental, but for Bitcoin, I believe having adequate knowledge is sufficient, as long as it's for a long-term goal. With a long-term goal, you have plenty of time to learn more about Bitcoin as a whole and how to invest effectively. What you need to know about a long-term goal is what to do and what you'll need during your long-term investment journey, such as a source of income. The source of income doesn't have to be a fixed income, as buying Bitcoin is important, although uncertain. You can buy when you have it, but you should still use discretionary income. If you do this consistently by buying regularly when you have income, you can buy Bitcoin. Don't forget to consider an emergency fund, and this can be done after you've made a decision due to limitations, as it's unlikely you'll sell it in the short term. Long-term goals allow you to plan for setting aside an emergency fund and increasing your income in any way. And that's the most important thing about treating Bitcoin for the long term, because the long term gives you time to grow and allows your desired plans to proceed smoothly.

How long did you think it will take you to learn whole lot about Bitcoin before making investment? Investing in Bitcoin doesn't require learning all about bitcoin before you can get started and also what is needed to get started is having your discretionary income available for there is a different between having a source of income and also having a discretionary income, the time you will use in learning Bitcoin can actually be use in accumulating Bitcoin and also learning along the process if you have aquired some basic knowledge about Bitcoin investment and also have your discretionary income you can start accumulating Bitcoin gradually using the DCA strategy and hodl for 4-10 and more.

[Frankolala]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

As a newbie I have learnt that investing in Bitcoin doesn't need too much requirements and it is not also difficult to start. What's is needed to start your Bitcoin investment is your discretional income and as long as your discretional income is ready, you can invest straight away. You don't have to be afraid or feel Bitcoin is expensive to buy,you can start buying bitcoin in units from discretional income consistently. However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check. It's  also gonna be a plus if he starts making proper research about Bitcoin,to know and learn the basics about bitcoin and how to invest on the long run.

You only need the basic knowledge of bitcoin, which is to open and account with a reputable exchange and know how to buy bitcoin with p2p, and you are good to go provided that you discretionary income is available and you have figured out how much that you can use to buy bitcoin weekly without any stress. Since you are on a long term investment plan, you are only buying and buying and nothing more. You don't need the proper knowledge of bitcoin before you can start your bitcoin investment.

The best way to learn how to invest in bitcoin is by practice because it's through practice by buying weekly through DCA overtime that you will have the experience. You will be learning as you are investing to increase your knowledge, because the development of the network is an ongoing process as long as bitcoin is existing. If you want to learn more than the basic knowledge of bitcoin, you will be wasting the precious time of leaving the level of a no coiner to a low coiner.

[Mr Reporter]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.

Knowledge is important and fundamental, but for Bitcoin, I believe having adequate knowledge is sufficient, as long as it's for a long-term goal. With a long-term goal, you have plenty of time to learn more about Bitcoin as a whole and how to invest effectively. What you need to know about a long-term goal is what to do and what you'll need during your long-term investment journey, such as a source of income. The source of income doesn't have to be a fixed income, as buying Bitcoin is important, although uncertain. You can buy when you have it, but you should still use discretionary income. If you do this consistently by buying regularly when you have income, you can buy Bitcoin. Don't forget to consider an emergency fund, and this can be done after you've made a decision due to limitations, as it's unlikely you'll sell it in the short term. Long-term goals allow you to plan for setting aside an emergency fund and increasing your income in any way. And that's the most important thing about treating Bitcoin for the long term, because the long term gives you time to grow and allows your desired plans to proceed smoothly.

How long did think it will take you to learn whole lot about Bitcoin before making investment? Investing in Bitcoin doesn't require learning all about bitcoin before you can get started and also what is needed to get started is having your discretionary income available for there is a different between having a source of income and also having a discretionary income, the time you will use in learning Bitcoin can actually be use in accumulating Bitcoin and also learning along the process if you have aquired some basic knowledge about Bitcoin investment and also have your discretionary income you can start accumulating Bitcoin gradually using the DCA strategy and hodl for 4-10 and more.

I think for sometimes now in this theard I have learned so many thing which I could tell for a fact the bitcoin has a practical understanding or approach which meas focusing on some basic knowledge like starting with having an discretionary income before jumping into the bitcoin investment space, honestly speaking I bitcoin is not something you learn once it deal with the higher you go the higher you learn more, like wise investing in Bitcoin doesn't require alot of exhaustive knowledge like that beforehand, that the simplest way to learn Bitcoin investment  by starting with basics knowledge and discretionary income you can begin investing into Bitcoin and continue to learn you it get more hotter

[Stormisover]

If you want to hold for the long term, they should focus on holding the bitcoin and increasing their satoshi amounts, regardless of the price of the bitcoin. Those who are able to hold for long term and not tempted to sell, your portfolio will continue to increase endlessly and these profits will increase more as the bitcoin make new high over the years.

I agree with you. It might be a good move for an investor to focus on the number of Bitcoins or Satoshis instead of the price of Bitcoin. Our goal is not a price, but the number of Bitcoins. So while accumulating Bitcoin, we should see Bitcoin as equivalent to fiat. That is, not the price of Bitcoin, but the number of Bitcoins.

Then maybe we will get some relief from the volatility of Bitcoin prices and the market volatility will not affect us in any way. Maybe it will be better for us to hide the price of Bitcoin and show the number of Bitcoins. Then maybe we can focus more on accumulating Bitcoins than on Bitcoin prices. This can be more effective for accumulating Bitcoins.

Volatility is an inherent phenomenon of Bitcoin and there is no way it will not affect us it will affect us and will continue to affect us, we have talked about volatility to be soothed or ease by accumulating Bitcoin for a long term and the use of the dollar cost averaging, it is wrong to say that market volatility will not affect us in any way, fluctuation of the market will continue to occur and it will also continue to affect our holding. It is so funny, and I wonder how the price of Bitcoin will be hidden from an investor.

[Stable090]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

If you are planning to invest in bitcoin, even if you are a newbie, you are suppose to have a basic knowledge about bitcoin before investing, it’s not only about having a discretionary income, if you are having a income, and you lack proper knowledge about investment, then things might not really end well, because you will find it difficult to know the right thing to do when investing in bitcoin.

I always encourage newbies to invest in bitcoin, but at least have little knowledge about where you going to be investing your money in, you should know what bitcoin is all about, how you will get your bitcoin, and the appropriate wallet which you will be using to store your bitcoin, and how to protect your wallet private key.

I guess newbies should know things which I mentioned above before investing in bitcoin, because if they end up investing in bitcoin, and they didn’t protect their bitcoin, then at the end, they might lose their bitcoin which is really bad, so at least they should have little knowledge before investing.

[Tonimez]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

As a newbie I have learnt that investing in Bitcoin doesn't need too much requirements and it is not also difficult to start. What's is needed to start your Bitcoin investment is your discretional income and as long as your discretional income is ready, you can invest straight away. You don't have to be afraid or feel Bitcoin is expensive to buy,you can start buying bitcoin in units from discretional income consistently. However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check. It's  also gonna be a plus if he starts making proper research about Bitcoin,to know and learn the basics about bitcoin and how to invest on the long run.

You only need the basic knowledge of bitcoin, which is to open and account with a reputable exchange and know how to buy bitcoin with p2p, and you are good to go provided that you discretionary income is available and you have figured out how much that you can use to buy bitcoin weekly without any stress. Since you are on a long term investment plan, you are only buying and buying and nothing more. You don't need the proper knowledge of bitcoin before you can start your bitcoin investment.

The best way to learn how to invest in bitcoin is by practice because it's through practice by buying weekly through DCA overtime that you will have the experience. You will be learning as you are investing to increase your knowledge, because the development of the network is an ongoing process as long as bitcoin is existing. If you want to learn more than the basic knowledge of bitcoin, you will be wasting the precious time of leaving the level of a no coiner to a low coiner.

I also think that seeking for too much knowledge about bitcoin as a newbie exposes a person to bitcoin trading in order to test your understanding. Initially, it would be just a test of knowledge and gradually it graduates to proper trading skills. This trading knowledge is very detrimental to the success of bitcoin accumulation and long-term holding. This is because, a person who thinks that it's enough to study bitcoin would always remind you to trade bitcoin.

[Baki202]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.

Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.

Knowledge is important and fundamental, but for Bitcoin, I believe having adequate knowledge is sufficient, as long as it's for a long-term goal. With a long-term goal, you have plenty of time to learn more about Bitcoin as a whole and how to invest effectively. What you need to know about a long-term goal is what to do and what you'll need during your long-term investment journey, such as a source of income. The source of income doesn't have to be a fixed income, as buying Bitcoin is important, although uncertain. You can buy when you have it, but you should still use discretionary income. If you do this consistently by buying regularly when you have income, you can buy Bitcoin. Don't forget to consider an emergency fund, and this can be done after you've made a decision due to limitations, as it's unlikely you'll sell it in the short term. Long-term goals allow you to plan for setting aside an emergency fund and increasing your income in any way. And that's the most important thing about treating Bitcoin for the long term, because the long term gives you time to grow and allows your desired plans to proceed smoothly.

When you have knowledge, it makes it easier, and these are all part of the reasons why. Without knowledge, and since the plan is for a long time, the thing would have been that you have a target of what you want to accumulate every year, and the point is that there is always enough time for people to learn. But people are becoming lazy, so they don't stress themselves too much. And when you have the intention to hold, then you have to work towards accomplishing it because, for a lot of reasons, there are other sets of people who, when they buy and the price does not meet their expectations, the next thing will be for them to sell, and this is because of a lack of knowledge.

And when you adopt the use of DCA, and when you are consistent, by the end of the day, you will have accumulated more than enough. And when you are buying, there are facts that you need to accept before buying so that you won't regret it. And when you have everything planned out, even with the emergency funds, you will not tamper with your funds kept for their purpose, so that your funds won't be touched those are the investment funds.

[Humblevirus]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities  because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin  like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.