Buy the DIP, and HODL!

[Mr_Brilliant$]

It is most impoRtant to StreNgthen your finAncial foundation before investing in Bitcoin. It is important to Build a separate emergency fund in addition to accumulating Bitcoin.

If your financial base is strong, it is definitely good for your investment but you do not need a strong financial base before investing. If you can invest a small amount of money from your discretionary income, then you can start investing in Bitcoin. And if you delay investing to be strong before investing, it will rather hold you back. If an investor continues to invest regularly with his discretionary income and later he can invest more with the growth of his income, it will bring positive results for him. As a result, he will be able to invest at the same time as well as build an emergency fund for the safety of his investment, which will help him in regular investment in the long term.

Yes, starting small, with small money from what you can actually afford is actually the best and make sense, and waiting till everything is set before investing will keep someone stuck for a long time...

But I do not think it should be made to look like a fixed rule sha..  If you do not have strong finance base yet and you can still invest responsibly, you can go ahead and start no issue..  But, if you can afford to build a solid financial base, then why not do it? Because It will help your journey..

You having that will give you peace of mind, and help you stay consistent with ease, and even also prevent you from panic when things are rough..

[Moeralife11]

It is impossible to fulfill your bitcoin accumulation goal if you don't have a stable income. By stable income we don't mean to say pay check to pay check, or to have a monthly income coming in. It could be a contract job, a skill, at least something that keeps the in-flow of money and compliments your accumulation strategy to achieve your goal.

Please don't underestimate the power of having a stable income source, if not, failure might just be at the doorstep waiting for you.

Of course, having a stable income is good, but you can still invest in Bitcoin even without a stable income, yes. Once you are able to figure out what your discretionary income is, then you can begin to invest with it gradually using the DCA strategy. If we wait to have a stable income, we may delay our start up for the investment and of course, time waits for no body and also, you k owe Bitcoin price might also be climbing, nobody knows. So you can start investing bit by bit with the little discretionary that you can gather while you also sort for ways to improve your income

It is true that you do not need to be stable to start investing in Bitcoin, but if you want to keep your investment active without disrupting your and your family's needs, you should focus on stabilizing your income if possible. Also, you need self-control, patience and proper financial management for your successful investment. Otherwise, no matter how much you earn, you will not be successful. Because investing will test your patience. The market will not always be in your favor. You can start investing using the DCA strategy according to your ability, but in case of unexpected emergencies, if your income is flexible or irregular, your investments and personal life may be affected. So I think your stable income and financial management will definitely put you in a relatively advantageous position.

In this case, that is why it is good to be accumulating bitcoin and also given priority to building an emergency funds which will help you out in the time of emergency, there is nothing like unexpected emergency all emergencies are unexpected which we need to get prepared for, moreso whenever there is a financial crisis you can pause your investment to continue when you have a discretionary income after sorting out your basic needs , you put your personal life first before your investment, investment shouldn't be done under pressure or to be seen as strain, having a stable income and a good financial management no doubt is advantageous towards a good investment practices not only in bitcoin but also in any other forms of investment.

It is most impoRtant to StreNgthen your finAncial foundation before investing in Bitcoin. It is important to Build a separate emergency fund in addition to accumulating Bitcoin. No Emergency situation comes to you in advance. The ability to stop investing rather Than continue investing during financial stress Is the hallmark of a responsible investor. The exCess income that remains after Meeting basic Expenses should be used for investment. Investment should never be a cause of mental stress, But rather it should be a planned process to creAte finAncial stability in the long term. With disciplined Financial and The management And StAble iNCome, the CHances of SuCCess in ANy inveStment, INclUding Bitcoin, Are MuCh Higher.

There is no need to have financial memory before investing in Bitcoin. However, to keep it active after starting the investment, your income needs to be stable. Because any unexpected expense can affect your life and investment. Since the results of investing in Bitcoin are long-term, you need to be patient and know financial management. Investing more money does not mean that you will improve more, you have to invest within your own capacity. Because anything beyond your means will increase your mental stress. For your successful investment or fund creation, you must follow financial management, otherwise no matter how much your income is, you will not be able to maintain continuity. You do not need to have special financial stability before investing in Bitcoin. Initially, you only need to ensure that you have discretionary income after meeting all your needs. If you have it, you can start investing from there and later, if possible, try to take your income to a stable level. If you wait for your income to reach a stable level, you may miss out on good opportunities.

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

[Sunshine1525]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

Asides having strong financial stability and long financial memory, most of the things you just said doesn't correspond with Bitcoin investment, how can you say that the discretionary income is not required at the beginning? If it's not then what is required for investment, a loaned money, emergency funds or ones entire income? Incase you don't know, the discretionary fund is the best for Bitcoin investment cause it offers proper risk management and won't require investors to sale on a short-term period to meet up other basis needs.

I don't also support financial management is optional for success cause proper management is very important for an investment to be successful especially the ones like Bitcoin investment that requires long-term goals and patience. I don't really understand what you meant by waiting longer would always give better opportunities but if it means waiting for the market to drop before buying then I think you should rethink that idea.

[Qhunman]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are very wrong that people must have financial stability before investing in bitcoin. You mustn't have a stable income before investing in bitcoin what you need is discretionary income. It isn't every person's out there with stable income are investing in bitcoin. There are investors who are doing alright in their accumulation without a stable income. Stable income is not a guarantee to be successful as there are still people with stable income who still can't't figure out discretionary income for invest.  Stable income isn't a primary criteria to begin a bitcoin investment but discretionary income.

[Brizi5000]

It is impossible to fulfill your bitcoin accumulation goal if you don't have a stable income. By stable income we don't mean to say pay check to pay check, or to have a monthly income coming in. It could be a contract job, a skill, at least something that keeps the in-flow of money and compliments your accumulation strategy to achieve your goal.

Please don't underestimate the power of having a stable income source, if not, failure might just be at the doorstep waiting for you.

Of course, having a stable income is good, but you can still invest in Bitcoin even without a stable income, yes. Once you are able to figure out what your discretionary income is, then you can begin to invest with it gradually using the DCA strategy. If we wait to have a stable income, we may delay our start up for the investment and of course, time waits for no body and also, you k owe Bitcoin price might also be climbing, nobody knows. So you can start investing bit by bit with the little discretionary that you can gather while you also sort for ways to improve your income

It is true that you do not need to be stable to start investing in Bitcoin, but if you want to keep your investment active without disrupting your and your family's needs, you should focus on stabilizing your income if possible. Also, you need self-control, patience and proper financial management for your successful investment. Otherwise, no matter how much you earn, you will not be successful. Because investing will test your patience. The market will not always be in your favor. You can start investing using the DCA strategy according to your ability, but in case of unexpected emergencies, if your income is flexible or irregular, your investments and personal life may be affected. So I think your stable income and financial management will definitely put you in a relatively advantageous position.

In this case, that is why it is good to be accumulating bitcoin and also given priority to building an emergency funds which will help you out in the time of emergency, there is nothing like unexpected emergency all emergencies are unexpected which we need to get prepared for, moreso whenever there is a financial crisis you can pause your investment to continue when you have a discretionary income after sorting out your basic needs , you put your personal life first before your investment, investment shouldn't be done under pressure or to be seen as strain, having a stable income and a good financial management no doubt is advantageous towards a good investment practices not only in bitcoin but also in any other forms of investment.

It is most impoRtant to StreNgthen your finAncial foundation before investing in Bitcoin. It is important to Build a separate emergency fund in addition to accumulating Bitcoin. No Emergency situation comes to you in advance. The ability to stop investing rather Than continue investing during financial stress Is the hallmark of a responsible investor. The exCess income that remains after Meeting basic Expenses should be used for investment. Investment should never be a cause of mental stress, But rather it should be a planned process to creAte finAncial stability in the long term. With disciplined Financial and The management And StAble iNCome, the CHances of SuCCess in ANy inveStment, INclUding Bitcoin, Are MuCh Higher.

There is no need to have financial memory before investing in Bitcoin. However, to keep it active after starting the investment, your income needs to be stable. Because any unexpected expense can affect your life and investment. Since the results of investing in Bitcoin are long-term, you need to be patient and know financial management. Investing more money does not mean that you will improve more, you have to invest within your own capacity. Because anything beyond your means will increase your mental stress. For your successful investment or fund creation, you must follow financial management, otherwise no matter how much your income is, you will not be able to maintain continuity. You do not need to have special financial stability before investing in Bitcoin. Initially, you only need to ensure that you have discretionary income after meeting all your needs. If you have it, you can start investing from there and later, if possible, try to take your income to a stable level. If you wait for your income to reach a stable level, you may miss out on good opportunities.

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity.
You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

what kind of mentality is this, what sort of mindset do you come with in bitcoin investment mate, this is absolutely a blunder and a wrong mindset. who told you you must have a strong financial stability and long financial memory before you can invest in bitcoin, and what makes you think its impossible to start without all of that because to the best of my knowledge, i know that you must not have a strong financial stability before you can start accumulating bitcoin as all that is needed to get started is only a discretionary income. listen mate, you must not have a strong financial stability or long financial memory before you can start investing in bitcoin, all you need to start is only a discretionary income, its better you start immediately to accumulate bitcoin the moment your discretionary income is ready, as the time goes you can be working towards growing your financial stability and others.

 who told you that patience and financial management are not necessary in bitcoin investment and who also told you that discretionary income is not required at the begining of your investment, every damn thing you said here is very wrong, and i think you should really put in more effort here to learn because you are in the right place to learn how to invest in bitcoin which will help you in the future, i am equally learning as well but yours is too much. listen, never you underestimate the power of a discretionary income, because a discretionary income is the most important thing you need for your invesdtment both from start to finish, and also, don't go about chasing short term gains or profit by waiting longer for dip to occur before you buy bitcoin  because you might just end up wasting your time waiting for a dip which might not occur, and you are still a newbie you dont have to grow with this mentality of a trader, you should focus on getting a discretionary income to use and accumulate bitcoin regularly and hold for a long term investment purpose, use the dca method to buy in any market price either on weekly or monthly periods so that gradually you will stack enough bitcoin and improve your portfolio first and achieve your accumulation target as a long term investor.

[ZeroVinsonN]

Yes, it is true that having a stable income is not mandatory to invest in Bitcoin. However, if someone has a stable income, then it is easier for him to follow the DCA strategy and besides creating an emergency fund, other financial tasks can be conveniently done. If you invest regularly, the portfolio will gradually grow.

For me, I see having a stable income as not mandatory, but effective in Bitcoin investment. Like you mentioned, it would be lot more easier for DCA strategy and a long term project.
Without a stable income, it would only get difficult with the volatility of Bitcoin and could force a sell order for fear of total loss as in some cases, DCA might not go through based on lack of finances.

Having a proper knowledge of Bitcoin's structure and it's consistent uptrend even after a fall would give you the hope for a bullish reversal and trust for a better market movement. Bitcoin would always bring good news, Bitcoin is the end game.

It is both mandatory and effective.
It is impossible to fulfill your bitcoin accumulation goal if you don't have a stable income. By stable income we don't mean to say pay check to pay check, or to have a monthly income coming in. It could be a contract job, a skill, at least something that keeps the in-flow of money and compliments your accumulation strategy to achieve your goal.

Please don't underestimate the power of having a stable income source, if not, failure might just be at the doorstep waiting for you.

A source of income is essential for an investor to be able to invest in bitcoin, you discretionary income has to come from somewhere after all but how steady this source of income is can anyone guess as there are alot of ways to get money that ar not steady with intervals that can range from weeks to even months and longer depending on what the person does for money, what's critical here at the end of the day is whether or not that investor is able to generate discretionary income from what they are already making, some people earn steady but what they earn is barely enough for the to actually support their days to day life making it next to impossible for them to be able to finance that bitcoin investment from there so why we can talk about the importance or non importance of a steady source of income what's actually important in-between is have a discretionary income available.

[Nahl]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are very wrong that people must have financial stability before investing in bitcoin. You mustn't have a stable income before investing in bitcoin what you need is discretionary income. It isn't every person's out there with stable income are investing in bitcoin. There are investors who are doing alright in their accumulation without a stable income. Stable income is not a guarantee to be successful as there are still people with stable income who still can't't figure out discretionary income for invest.  Stable income isn't a primary criteria to begin a bitcoin investment but discretionary income.

I have the opposite opinion than you because people with unstable income will very hard to be consistent to used DCA strategy to buy bitcoin that because usually the people like this have low salaries and they also won't be able to buy bitcoin consistent because their salaries only enough to fulfill their daily needs that's why i think stable financial is necessary but don't mean people should have thousand dollars per month or more for their salaries to called stable finnacial because in my opinion stable financial mean those who have steady source of income especially for long term and i think it could being an important element to became an bitcoin investor because good source of income can ensure your DCA method have working well

[AuchanX]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

I think there is a fundamental misconception in investing here. To start investing in Bitcoin, you must have strong financial stability and long financial experience, this claim is against reality. In reality, Bitcoin's acceptance has increased mainly due to the hands of ordinary people. In reality, if a new investor starts investing regularly in small amounts using the DCA strategy, keeping aside urgent expenses, then there is no rule that he must have many years of previous experience. Any ordinary new person who has a basic understanding of Bitcoin and continues to invest regularly with discretionary income by keeping aside the necessary money can invest in Bitcoin.

Again, you mentioned that once you invest, income is no longer important and unexpected expenses will not affect life or investment. This is a very unrealistic statement..In reality, the exact opposite happens. If the investment is made with money that may be needed in the future, then the slightest financial pressure forces the investor to sell at a loss, which is the most common reason for failure in Bitcoin investment.

Another misconception you mentioned is that Bitcoin gives quick short term results, so patience and financial management are not needed. History has clearly shown that those who lost patience and expected short term results were the ones who suffered losses. The real power of Bitcoin is never in the short term, but in the long term, its success lies in disciplined holding and proper mental preparation. To me,The most worrying part of what you said is the claim that investing more than you can afford will reduce stress and ensure good Results.In reality, overinvestment does not reduce stress, but rather increases it. As soon as the market drops a little, indecision, fear and wrong decisions start..There is no guarantee that investment will continue to be consistent just because of high income. On the contrary, there are countless examples where high income people have suffered big

[Barikui1]

I have the opposite opinion than you because people with unstable income will very hard to be consistent to used DCA strategy to buy bitcoin that because usually the people like this have low salaries and they also won't be able to buy bitcoin consistent because their salaries only enough to fulfill their daily needs that's why i think stable financial is necessary but don't mean people should have thousand dollars per month or more for their salaries to called stable finnacial because in my opinion stable financial mean those who have steady source of income especially for long term and i think it could being an important element to became an bitcoin investor because good source of income can ensure your DCA method have working well

I understand your own point of view, but I want you to know that having a stable income doesn't guarantees that you can invest in Bitcoin, because your stable income can be very small, and because of that, you might be unable to figure out your discretionary income to invest with.

You spoke of a stable income being a criteria for constant accumulation, but that's not true, what's important is a discretionary income, money left after all basic needs have been met.
 Those contractors that sometimes get a job just five to six times a year, do you think they can't invest in Bitcoin because their income is not coming in weekly or monthly?
No, they can invest without stress because they just have to choose a accumulation strategy that suits they discretionary income, so why am saying this is that, I just want you to understand that a stable income should not be used as a criteria for someone that wishes to invest in Bitcoin, instead of a discretionary income.

[Joeboy]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are so confused and lost, so why don't you learn better before trying to mislead others and further confuse yourself coz I don't know who taught you all this crap? The requirement for investment is only some basic knowledge of Bitcoin(knowledge that Bitcoin is volatile) and then access to your discretionary income whether it is stable or not. Mind you, discretionary income is part of the requirement for investing.... Bitcoin will never give you a fast result, it only gives you a long term results.... So for you to see the true potential of Bitcoin you have to be prepared to hold for the duration of 4-10 yrs or even longer....

[barisbilgili]

I have the opposite opinion than you because people with unstable income will very hard to be consistent to used DCA strategy to buy bitcoin that because usually the people like this have low salaries and they also won't be able to buy bitcoin consistent because their salaries only enough to fulfill their daily needs that's why i think stable financial is necessary but don't mean people should have thousand dollars per month or more for their salaries to called stable finnacial because in my opinion stable financial mean those who have steady source of income especially for long term and i think it could being an important element to became an bitcoin investor because good source of income can ensure your DCA method have working well

I understand your own point of view, but I want you to know that having a stable income doesn't guarantees that you can invest in Bitcoin, because your stable income can be very small, and because of that, you might be unable to figure out your discretionary income to invest with.

You spoke of a stable income being a criteria for constant accumulation, but that's not true, what's important is a discretionary income, money left after all basic needs have been met.
 Those contractors that sometimes get a job just five to six times a year, do you think they can't invest in Bitcoin because their income is not coming in weekly or monthly?
No, they can invest without stress because they just have to choose a accumulation strategy that suits they discretionary income, so why am saying this is that, I just want you to understand that a stable income should not be used as a criteria for someone that wishes to invest in Bitcoin, instead of a discretionary income.

I understand this and have even experienced it myself. It's not about the salary amount, but about financial stability that can be well managed so that there is money that can be set aside to invest in Bitcoin using the DCA strategy. So I think the first thing that needs to be improved is our personal financial management. Once that can be done well, we will be able to easily accumulate Bitcoin using discretionary income without anything being disrupted from the investments we make.

[Umulala-alala]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You only register here two days ago and you are already teaching instead of you to calm down and learn, so what you what to tell now is that a low income earner can not invest in BTC ? Or a person with an unstable income can't invest in bitcoin?  I want to tell you that these people can still invest in bitcoin and it's very possible, what that is needed to invest in bitcoin is your discretionary income this is after you have sorted out your important need the one left can be use to buy bitcoin and with the dca strategy you can buying bitcoin gradually either weekly or monthly and hodl for long time.

[Loyang]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are very, very wrong in terms of investment. We do not need strong financial stability to invest. If a person has a very small amount of income and from that place if he is able to find a discretionary income then he can invest. We do not need a very large amount of money to invest. If a person has a discretionary income of $ 10 then he can invest. We do not need a lot of money to invest and do not need a stable income.

A person may have to sell his investment due to unexpected expenses or unexpected financial disasters. It is necessary to create an emergency fund and a reserve fund for all these financial disasters or unexpected expenses. When a person faces such unexpected disasters, then he does not have to sell his investment to face these disasters.

If a person is able to manage his finances properly, even if he does not have a stable income, he will be able to maintain the continuity of his investment. The reason why a person's investment continuity is lost is due to not managing his finances properly and moving away from the humanity of investment.

[laspol65]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are very wrong that people must have financial stability before investing in bitcoin. You mustn't have a stable income before investing in bitcoin what you need is discretionary income. It isn't every person's out there with stable income are investing in bitcoin. There are investors who are doing alright in their accumulation without a stable income. Stable income is not a guarantee to be successful as there are still people with stable income who still can't't figure out discretionary income for invest.  Stable income isn't a primary criteria to begin a bitcoin investment but discretionary income.

Every person in this world has money, so not every person is investing in Bitcoin. There is a lot of real evidence that people do not invest in Bitcoin just because they have money, having stable money is not that important, but having a discretionary income is important. A person who has a discretionary income is definitely suitable for investing in Bitcoin, so if you have the ability to take risks and have a discretionary income to invest in Bitcoin at the present time, it is suitable for him.
Only by following a strategy to maintain it for a long time can he increase the certainty of success, and by following the DCA method, it will become easier for him to keep Bitcoin investment for a long time.

[Baki202]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

Asides having strong financial stability and long financial memory, most of the things you just said doesn't correspond with Bitcoin investment, how can you say that the discretionary income is not required at the beginning? If it's not then what is required for investment, a loaned money, emergency funds or ones entire income? Incase you don't know, the discretionary fund is the best for Bitcoin investment cause it offers proper risk management and won't require investors to sale on a short-term period to meet up other basis needs.

If you are talking about corresponding and the finance and financial memory are there, then I think that should be a personal problem because you need to make a serious move in case like this, where you have to be prepared before even putting your funds anywhere. Most importantly, discretionary income is very important for stable funds because it helps you build a better portfolio. The risk comes in when you have already invested, and discretionary income works hand in hand with DCA because that is the only way yours can be different.

I don't also support financial management is optional for success cause proper management is very important for an investment to be successful especially the ones like Bitcoin investment that requires long-term goals and patience. I don't really understand what you meant by waiting longer would always give better opportunities but if it means waiting for the market to drop before buying then I think you should rethink that idea.

Financial management is very important, and this is the only way things can be less risky, because even when you start investing, one of the things you should be looking at is how to reduce risk. After all, you won't even know if the risk is worth it or not, or the kind of risk you are getting into, and these are all the preparations that we need to have a good idea about our investment. And it depends on what everyone wants. If you want the market to drop or you go with DCA, it's your choice.

[Father111]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are so confused and lost, so why don't you learn better before trying to mislead others and further confuse yourself coz I don't know who taught you all this crap? The requirement for investment is only some basic knowledge of Bitcoin(knowledge that Bitcoin is volatile) and then access to your discretionary income whether it is stable or not. Mind you, discretionary income is part of the requirement for investing.... Bitcoin will never give you a fast result, it only gives you a long term results.... So for you to see the true potential of Bitcoin you have to be prepared to hold for the duration of 4-10 yrs or even longer....

Your ideas are not really ideal way of investing in Bitcoin, you sound more like a local trader who's intention is to buy a commodity and hauled then during scarcity you sell for profit making however Bitcoin doesn't work that way and i plead with you to disabuse that mind set and learn from experience investor in Bitcoin.

Investing in Bitcoin requires discretional incomes from your cash flows which will enable you to invest in Bitcoin using a number of strategies like the DCA, lump some and buy the Dip, however i suggest as a newbie with less experience to adopt the DCA ( Dollar Cost Averaging) to accumulate BTC over a long period of 4 to 10 years which will also allow you learn as you start your investment journey.

Once you've invested in BTC, you need discretional income intact to keep up accumulating hence if expenses increases beyond normal that it affects your emergency funds then it may likely affect your discretional income and invariably affect your Bitcoin, promoting to sell your Bitcoin and making to lose your investment.

The real idea of Bitcoin is to hodl for as 4 to 10 years circle after over accumulating your Bitcoin. So your ideas are conflicting.

[ejikeme24]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You have been in the forum for couple of days not even up to a month but here you are proclaiming to know everything about Bitcoin investment, this is the reason why most newbies run into loss because they claim to know everything about Bitcoin investment when they don't even have the basic knowledge. Stop presuming things here before you mislead people, if I were you I would just take my time to learn before giving any opinion so as to avoid going out of point because it is obvious that what you're saying does not correlate with what we are saying here.

For your information discretionary income is what you need to invest in Bitcoin, Incase you don't know the meaning of discretionary income. Discretionary income is the money Left after all expenses is been carried out, then the money Left after paying your expenses is your discretionary income, the most reason why you should invest from your discretionary income is because it is a left over which you Might not have any thing to do with it but instead of spending it in luxury or irrelevant stuffs it is better you keep putting them into Bitcoin whenever it is available since you may not be needing them anytime soon, while doing that you also need to map out a little portion for emergency needs.

[Makus]

I have the opposite opinion than you because people with unstable income will very hard to be consistent to used DCA strategy to buy bitcoin that because usually the people like this have low salaries and they also won't be able to buy bitcoin consistent because their salaries only enough to fulfill their daily needs that's why i think stable financial is necessary but don't mean people should have thousand dollars per month or more for their salaries to called stable finnacial because in my opinion stable financial mean those who have steady source of income especially for long term and i think it could being an important element to became an bitcoin investor because good source of income can ensure your DCA method have working well

I understand your own point of view, but I want you to know that having a stable income doesn't guarantees that you can invest in Bitcoin, because your stable income can be very small, and because of that, you might be unable to figure out your discretionary income to invest with.

You spoke of a stable income being a criteria for constant accumulation, but that's not true, what's important is a discretionary income, money left after all basic needs have been met.
 Those contractors that sometimes get a job just five to six times a year, do you think they can't invest in Bitcoin because their income is not coming in weekly or monthly?
No, they can invest without stress because they just have to choose a accumulation strategy that suits they discretionary income, so why am saying this is that, I just want you to understand that a stable income should not be used as a criteria for someone that wishes to invest in Bitcoin, instead of a discretionary income.

If you have a stable income that can cater for your basic needs and still have some discretionary income left, that's fine. But that doesn't mean others without a stable income can't invest in bitcoin. The most important thing as an investor is to understand how to calculate your needs for an estimated period of time before your next anticipated pay day. Probably make a monthly calculation of your spending and use that as a reference to other month's calculations. And for contractor who gets paid only when there's a running job, he can as well make these calculations and keep aside his monthly budget, if possible a budget that would cover up his monthly expenses through out the year and then what ever is left he can use that as his discretionary funds to buy bitcoin and save up as  emergency and reserved fund. If afterwards he gets another contract knowing fully well that he has covered all his monthly expenses for the year from his previous contract, he can decide to accumulate aggressively and also top up his emergency and reserved fund.

But from another perspective, since the income of a contractor isn't certain he can decide to get for himself a business that could generate a consistent income should in case the non working hours are extended due to certain conditions. It's a norm that bitcoin investment cannot survive without a source of income however if a contractor feels threatened by the down time he experiences he can start up a business that would generate profits to engage his bitcoin accumulation and basic needs in a more stable manner.

[samadam007]

Little by little tends to be better than nothing - since so many folks will put themselves into debt to buy more house than they can afford or more furniture than they can afford or too nice of a car or maybe too expensive of a phone...and . there can be times for splurges and even treating yourself, yet there is also value in trying to be consistent in putting value away, and these days putting money in bitcoin seems amongst the best, if not the best, place to put time, energy and value on a consistent and persistent basis.

You are saying a correct truth sir because if someone is putting even if it is small amount in bitcoin, it is better than nothing and certainly better than to be blowing money on irrelevant things that has no long term worth. To buy a full One bitcoin might be hard for many of us, so it is reasonable to start with the amount that can be afforded and in the future widen the amount.

[Taskford]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You have been in the forum for couple of days not even up to a month but here you are proclaiming to know everything about Bitcoin investment, this is the reason why most newbies run into loss because they claim to know everything about Bitcoin investment when they don't even have the basic knowledge. Stop presuming things here before you mislead people, if I were you I would just take my time to learn before giving any opinion so as to avoid going out of point because it is obvious that what you're saying does not correlate with what we are saying here.

For your information discretionary income is what you need to invest in Bitcoin, Incase you don't know the meaning of discretionary income. Discretionary income is the money Left after all expenses is been carried out, then the money Left after paying your expenses is your discretionary income, the most reason why you should invest from your discretionary income is because it is a left over which you Might not have any thing to do with it but instead of spending it in luxury or irrelevant stuffs it is better you keep putting them into Bitcoin whenever it is available since you may not be needing them anytime soon, while doing that you also need to map out a little portion for emergency needs.

Well that's why I understand  he's lost and believe on somethings that can put him on more questionable situation.

Its like someone mislead him and make him believe that those things he said is better option to do, but since Bitcoin is so volatile that means there's no guarantee that they can earn decent profit on short period time as he said. He might get manipulated and lose especially if there are issues or fuds that can possibly move the market.

Yeah financial stability could really help but this one does not mean we cannot start to invest when we are not stable yet,  Since what's important to consider is we have discretionary funds to use which they can afford to release for long term investment purposes. Waiting for those perfect time may provably cause lots of missed opportunities. That's why instead of thinking about gaining short term gains much better if he consider to learn DCA since he might gonna like doing this strategy and his stance will change especially if he will not feel any stress for using it while investing on Bitcoin.