Buy the DIP, and HODL!

[Roseline492]

Bitcoin is here to save the poor from hardship through the opportunity that it has offer for one to invest into it. Bitcoin is a different investment from others abs only need little capital to invest. Anyone that understands this will gladly assign some fraction from his income to invest, or look for a way that they can increase their income, if what they are earning wouldn't be enough to take care of their responsibilities and also invest in bitcoin.

Of course what you said is true Bitcoin have greatly help the less privileges who are looking for a means or something to be putting there money and even if as little as it is on a regular basis.

This reminds me of what a friend told me, that his best investment decisions he has ever made was choosing Bitcoin, that some time ago he finds it very difficult to save up money because he always waste his money on clubbing and there was na reliable investment he could be channeling his money to, so coming to Bitcoin was a game changer for him so he told me he barely have time for those pleasures again because every little spare money he has he channel it to Bitcoin accumulation.

So we may not really no but Bitcoin is one of the best thing that has ever happened to most people's life.

[BABY SHOES]

I would think that if someone spends 4-10 years investing 30% of his/her income into bitcoin, then they likely would not need to have as much of an emergency fund after getting several years into the investment because the investment can start to serve as the emergency fund...

When anyone is a beginner to investing, they have to make sure that they have an emergency fund, but as a person becomes more and more assets and wealth, they are going to have more and more resources in which to draw upon to address any emergency that might come.. and surely I am not suggesting being sloppy with any kind of financial management, but the fact of the matter is that rich people do not tend to easily get shaken out of their investments, especially if they have spread themselves out a bit (which is diversifying and not necessarily into shitcoin) as their investment portfolio grows...so if a person has been able to invest 6 years at 33% then that person would have 2 years worth of salary and perhaps even 3 years worth of expenses (since they live off of only 70% of their salary) saved up just from the amount put in, and if the investment or parts of it do fairly well, then there could be some bonuses in there, even though we cannot necessarily presume investments will end up outperforming other places that we could have had put our money (including out performing how cost of living goes up), which can frequently be reasons for having financial and psychological cushions in order to better prepare ourselves for a variety of scenarios.

Yes it makes sense after a few years of investing 30% let's say it has been running for 3 years then the investment is already large of course it will be useful to cover urgent needs, but in my mind I want to perfect how investments and emergency funds should always be separate if it can be done.

Therefore I want to make sure that the emergency fund is already there when the investment is just starting and if it has been running for a long time it is clear that the wealth will increase and this will be a resource for me for bigger emergencies, so making sure it is important with the consideration that as the emergency fund must be in advance, the investment must go according to plan.

With you saying that some are starting to be shaken because of carelessness in the investment that is spread but what is chosen is shitcoin then it is a big mistake, shitcoin cannot be said to be diversified because this is not a long-term safe asset so avoid shitcoin and I will choose to diversify in other stronger assets such as property etc..

I can imagine how this will be consistent 30% for more than 5 years of course it will have a larger reserve fund, the resources it has will be stronger, I want to know the future scenario, because the plan is definitely solidified.

[ginsan]

If we are investing in bitcoin, we can use any possible strategy to accumulate out asset base on how we find it convenient and suitable for our best practice, some are going on trading in while some are investing on a long time basis, it is also very important that we should consider ourselves first before others when making decision on what to invest, when to invest and also how to make the Investment, this also means that we don't have to wait on others move before knowing what to do.

Every of our actions on investment should be under the understanding of what we are in for and not because others are doing same and we are joining the crowd, we must have a personal perception before starting.

The wisest strategy at the moment is DCA as has been stated by many friends in this thread, where they are more interested in accumulating Bitcoin gradually with the DCA strategy. As You said, of course there are no very meaningful points because it looks quite confusing because you say that the goal of investing in Bitcoin depends on your own stance, but you don't convey any points in detail about the strategy you have implemented. I mean, to be a good consideration in choosing a strategy that they can use.

Of course everyone here has their own desires because they want to invest in Bitcoin, whether for the long term, such as the next 5 years or also in the short term, 1 year. Everyone starts with their own cycle of financial strength where some start with $10 by buying regularly over a long period of time. And on the previous page there is also someone who uses 30% of their monthly income to invest in Bitcoin.

[JayJuanGee]

Bitcoin is here to save the poor from hardship through the opportunity that it has offer for one to invest into it. Bitcoin is a different investment from others abs only need little capital to invest. Anyone that understands this will gladly assign some fraction from his income to invest, or look for a way that they can increase their income, if what they are earning wouldn't be enough to take care of their responsibilities and also invest in bitcoin.

Of course what you said is true Bitcoin have greatly help the less privileges who are looking for a means or something to be putting there money and even if as little as it is on a regular basis.

This reminds me of what a friend told me, that his best investment decisions he has ever made was choosing Bitcoin, that some time ago he finds it very difficult to save up money because he always waste his money on clubbing and there was na reliable investment he could be channeling his money to, so coming to Bitcoin was a game changer for him so he told me he barely have time for those pleasures again because every little spare money he has he channel it to Bitcoin accumulation.

So we may not really no know but Bitcoin is one of the best thing that has ever happened to most people's life people who have gotten involved in bitcoin, learned about bitcoin and employed a long-term bitcoin strategy.

I pretty much agreed with what you said, except your last sentence was a bit too broad, so I attempted to FTFY.


Second, I made a little grammar correction, since you seem to be ongoingly using "no" when you seem to mean to be using "know".. It is one of your writing patterns that might cause some people to miss the meaning in what you had been intending to say.

[Salahmu]

But in fact, poor people tend to ignore any investment because they only need to meet their daily needs and sometimes go hungry. Bitcoin doesn't save the poor, it just gives an opportunity to anyone regardless of their financial condition, that's what I have to admit.

Extreme price volatility makes most poor people who previously earned $100 tend to avoid it rather than invest, that's what I always get from several people I've met so far. Poor people, let alone investing, sometimes even their basic needs cannot be met.

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich, on the contrary Bitcoin is for everyone because irrespective of how it may seem a bit difficult for less privilege people to accumulate Bitcoin do to the price but instead Bitcoin gives the poor the opportunities that it doesn't matter how big they can afford to accumulate a Bitcoin but what matters is the little money they know they can afford to start accumulating and with time they will have the amount of Bitcoin they never expected to have on there portfolio.

[Ndabagi01]

Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood.

You don't have to force yourself to invest in bitcoin if you don't have the funds. If 30% of your wages is too high to invest in bitcoin, go for 20%, and if it becomes difficult to spare such a proportion from your salary in the long term, you can still cut it to a lower price. When you don’t have a means of even saving again after you’ve done some investment in bitcoin, you can leave it for a while until you’re strong enough and financially buoyant to invest in it again. What is more crucial is that you do not spend money that has already been invested, since this would violate the DCA approach and have an impact on your overall savings over time.

Bitcoin is here to save the poor from hardship through the opportunity that it has offer for one to invest into it. Bitcoin is a different investment from others abs only need little capital to invest. Anyone that understands this will gladly assign some fraction from his income to invest, or look for a way that they can increase their income, if what they are earning wouldn't be enough to take care of their responsibilities and also invest in bitcoin.

It is important to distinguish between saving the poor from hardship and becoming wealthy through bitcoin. If you approach the situation with the earlier perspective, your assumption may be more realistic if you lower your expectations of what you may expect and remain patient throughout the process. Nothing is guaranteed here, but if you can persevere, you will undoubtedly have a better way of life. And if you come for the latter, it implies you have a gambler's mindset, and a gambler always has big expectations, which is not what is necessary here when ready to invest in bitcoin. You can become wealthy through bitcoin, but having that mindset will not help you in the process of your investment because you’ll have high expectations which will make you unsatisfied if your expectations is not met.

[Riginac111]

But in fact, poor people tend to ignore any investment because they only need to meet their daily needs and sometimes go hungry. Bitcoin doesn't save the poor, it just gives an opportunity to anyone regardless of their financial condition, that's what I have to admit.

Extreme price volatility makes most poor people who previously earned $100 tend to avoid it rather than invest, that's what I always get from several people I've met so far. Poor people, let alone investing, sometimes even their basic needs cannot be met.

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich, on the contrary Bitcoin is for everyone because irrespective of how it may seem a bit difficult for less privilege people to accumulate Bitcoin do to the price but instead Bitcoin gives the poor the opportunities that it doesn't matter how big they can afford to accumulate a Bitcoin but what matters is the little money they no they can afford to start accumulating and with time they will have the amount of Bitcoin they never expected to have on there portfolio.

Bitcoin is very volatile and whosoever that is accumulating bitcoin doesn't hesitate to do so, and majorly to accumulate its base on your believe and trust about bitcoin and it depends on how many years you want your bitcoin you purchased to stay in duration before you can cash it out, some people accumulate bitcoin  by when it's dip they purchased and hold for more years to come by then the values of bitcoin has changed or clamped from the purchasing value to another values

And sometimes they continued to purchased more and more like two times in a year even though the price of bitcoin going below and they will continue purchasing having in mind that bitcoin will reach to a particular level of price, people who accumulate bitcoin have a target of when the price of bitcoin will reach and they start making profits of so many years investment.

Should forget about how the poor invest in bitcoin and how the rich invest in bitcoin  or accumulate a bitcoin, sometimes investing a bitcoin for long duration maybe as result of your determination and what you want to achieve in bitcoin, both poor and rich knows that bitcoin investment in bitcoin for both short and long-term is a risk, so it's your determination will make you to invest in a bitcoin.

[Patrol69]

But in fact, poor people tend to ignore any investment because they only need to meet their daily needs and sometimes go hungry. Bitcoin doesn't save the poor, it just gives an opportunity to anyone regardless of their financial condition, that's what I have to admit.

Extreme price volatility makes most poor people who previously earned $100 tend to avoid it rather than invest, that's what I always get from several people I've met so far. Poor people, let alone investing, sometimes even their basic needs cannot be met.

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich, on the contrary Bitcoin is for everyone because irrespective of how it may seem a bit difficult for less privilege people to accumulate Bitcoin do to the price but instead Bitcoin gives the poor the opportunities that it doesn't matter how big they can afford to accumulate a Bitcoin but what matters is the little money they no they can afford to start accumulating and with time they will have the amount of Bitcoin they never expected to have on there portfolio.

I don't see accumulating bitcoins as a very difficult task. 
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor. 

Another thing you have said is that bitcoin investment is not only for rich people but you are right because anyone can invest there is no discrimination between rich and poor. He will invest as much as he can and he will invest when he has the money to invest. No one will force you to invest or no one will ever stop you from investing. 

Why are we staying away from investing in Bitcoin where it is giving us so much benefit. In the current market situation now we just need to make a proper plan and invest in Bitcoin for long term with some idea about investment and that investment must be held for a long time only then we can get good amount of interest from our investment in future.

[armanda90]

I don't see accumulating bitcoins as a very difficult task. 
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor. 

Its not difficult task depend with your environment and which one your friend list they are push your self more interested with investment or spending much money for lifestyle only. I am introvert person and most my time spending without communicate with many people and take care with my family or communicate with few person only in real life. I don't face difficult thing for accumulating bitcoin because not spent my money for drinking or any activities with many people or community.

Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.

[Rabata]

If we are investing in bitcoin, we can use any possible strategy to accumulate out asset base on how we find it convenient and suitable for our best practice, some are going on trading in while some are investing on a long time basis, it is also very important that we should consider ourselves first before others when making decision on what to invest, when to invest and also how to make the Investment, this also means that we don't have to wait on others move before knowing what to do.

Every of our actions on investment should be under the understanding of what we are in for and not because others are doing same and we are joining the crowd, we must have a personal perception before starting.

The wisest strategy at the moment is DCA as has been stated by many friends in this thread, where they are more interested in accumulating Bitcoin gradually with the DCA strategy. As You said, of course there are no very meaningful points because it looks quite confusing because you say that the goal of investing in Bitcoin depends on your own stance, but you don't convey any points in detail about the strategy you have implemented. I mean, to be a good consideration in choosing a strategy that they can use.

Of course everyone here has their own desires because they want to invest in Bitcoin, whether for the long term, such as the next 5 years or also in the short term, 1 year. Everyone starts with their own cycle of financial strength where some start with $10 by buying regularly over a long period of time. And on the previous page there is also someone who uses 30% of their monthly income to invest in Bitcoin.

Choosing Bitcoin is definitely a good decision for bitcoin investment. But before investing in Bitcoin, an investor should know why they need to invest in Bitcoin. An investor will be inspired to collect bitcoins when he is able to acquire a basic knowledge of bitcoins. We provide long-term advice for investing in bitcoins. There is risk in investing but it is comparatively less risky for those who invest for long term. Moreover, since long-term investments are encouraged in Bitcoin, if an investor can use the DCA strategy regularly, they will certainly be able to build a large portfolio of Bitcoins through long-term holdings.

It is also a good idea if someone uses a large amount to buy for the long term, but by doing DCA, on the one hand, you do not have to spend a large amount of money, on the other hand, you can move forward in the direction of Bitcoin accumulation in the long term. Moreover, by following Bitcoin price volatility, an investor can get the advantages to buy low price.

[Hatchy]

Some people thinks that they must have a good income or a big capital to invest and they will keep wasting their time waiting for that right time, of which they don't know that it better to start investing with the little that they have now and plan to look for a means to increase their income. Bitcoin is seen as a safe haven in future when you invest in a long term with regular DCA to increase your bitcoin, and if a newbie believes in this he will definitely invest

To be sincere, Bitcoin investment has been the only investment so far that allows even the poor or average person to accumulate or invest their money on. compared to other investment like Real estate, precious metals, stock where you need large amount of money or funds to start with, you can start accumulating or investing in Bitcoin using smaller capitals and many investment strategies. not everyone can buy stock or precious metals. for someone earning an average of 100$ a month, if he really wants to invest he probably can start with just 10% and that's about 10$. if he can keep up with this monthly investment of 10 dollars, he probably will be saving a 100$ or more in a period of 10 months. I don't see that as a small start up. in the long run, when he probably gets a raise let say 200$ increasing his monthly investment by another 10%.

Bitcoin is here to save the poor from hardship through the opportunity that it has offer for one to invest into it. Bitcoin is a different investment from others abs only need little capital to invest. Anyone that understands this will gladly assign some fraction from his income to invest, or look for a way that they can increase their income, if what they are earning wouldn't be enough to take care of their responsibilities and also invest in bitcoin.

Understanding the difference between saving someone from poverty and assisting someone who is financially stable is crucial. Bitcoin offers an opportunity for individuals to invest small amounts, but it doesn't guarantee an escape from poverty without an investment. The returns from Bitcoin depend on the amount invested, influencing the long-term profits. Expecting significant returns without an initial investment isn't realistic. Straining to invest in Bitcoin while your regular income can't cover your basic needs for yourself and your family isn't advisable. However, it's never too late to invest in Bitcoin. it can be done when there's some extra money and a willingness to invest.

[Samlucky O]

Althou
gh it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood.

You don't have to force yourself to invest in bitcoin if you don't have the funds. If 30% of your wages is too high to invest in bitcoin, go for 20%, and if it becomes difficult to spare such a proportion from your salary in the long term, you can still cut it to a lower price. When you don’t have a means of even saving again after you’ve done some investment in bitcoin, you can leave it for a while until you’re strong enough and financially buoyant to invest in it again. What is more crucial is that you do not spend money that has already been invested, since this would violate the DCA approach and have an impact on your overall savings over time.

Although the statement I made does not imply that there is no capital. My point was if one cannot meet up to the%30 DCA standard stated by @baby shoes, one can make it a %20 percent. But I realized from different coments of members, that DCA strategy is not a must to accumulate 30% or 20% but one can accumulate as small as $5 to $10 per week. Sometimes. There are times when things are hard, you adjust your DCA strategy. there times when things are also cool, you can increase your DCA. so I'm very much delighted to learn the strategy on how to accumulate. accumulating little by little can boost you up at the end of the year, which can be as a form of salary. I think i am beginning to understand power of holding.

[Odohu]

Although the statement I made does not imply that there is no capital. My point was if one cannot meet up to the%30 DCA standard stated by @baby shoes, one can make it a %20 percent. But I realized from different coments of members, that DCA strategy is not a must to accumulate 30% or 20% but one can accumulate as small as $5 to $10 per week. Sometimes.

There is no standard for the the percentage of funds to be allocated to the DCA method. I don't know how you arrived at this 30% standard. I guess you need to revisit your source so you clear the air. By design, the DCA method does not fix a constant amount that should be injected into Bitcoin... it simply requires the purchase of Bitcoin in a regular basis with  amount that will not have any major impact on our financial obligations. Even though it seems that the DCA method appears more suiting for low income earners, those with huge funds can still apply the DCA method.

I think the 30% was just used for illustration and was not regarded as the standard for the DCA method. The percentage of funds that should be allocated to Bitcoin depends entirely on the individual.

There are times when things are hard, you adjust your DCA strategy. there times when things are also cool, you can increase your DCA. so I'm very much delighted to learn the strategy on how to accumulate. accumulating little by little can boost you up at the end of the year, which can be as a form of salary. I think i am beginning to understand power of holding.

This is not a good practice as it is not sustainable. You should be able to settle basic things first before starting the DCA method, in this case, you will not be under pressure in any form. If you read up a little, you will see where it was even suggested that after settling your basic needs, you have to also set aside some emergency funds that will cover expenses you did not plan for. This is the way you can apply the DCA method effectively and will not face the temptation or pressure to sell your Bitcoin when you did not plan to do so.

[Salahmu]

Although the statement I made does not imply that there is no capital. My point was if one cannot meet up to the%30 DCA standard stated by @baby shoes, one can make it a %20 percent. But I realized from different coments of members, that DCA strategy is not a must to accumulate 30% or 20% but one can accumulate as small as $5 to $10 per week. Sometimes. There are times when things are hard, you adjust your DCA strategy. there times when things are also cool, you can increase your DCA. so I'm very much delighted to learn the strategy on how to accumulate. accumulating little by little can boost you up at the end of the year, which can be as a form of salary. I think i am beginning to understand power of holding.

Actually let us not misunderstand the use of DCA strategy to fear of missing out from investment strategy because irrespective of how important using DCA is, it doesn't necessarily mean that we should invest 30% percent of our capital but however it is advised to only use the amount of money you know fully well will not affect you if using it for investment.

But however if sometimes in the future based your cash flow you can then decide to adjust your accumulating pattern by increasing the amount of money you normally use in time of accumulating, so as your source of income is increasing that's how you are also adjusting your accumulating amount and if your source of income reduces you also adjust down a bit that would be very suitable for you.

[Sayeds56]

I understand that you are bringing up age in a kind of presumption that some of us might have a decent amount of time to invest into bitcoin, but surely there is going to be some time-line variance, and younger people might well be able to start to enjoy their bitcoin and even their finances well before getting old, but they still will have to be careful in regards to how they would manage their BTC holdings in such a way that they would not be enjoying too much of it too soon, even if they believe that they had achieved their BTC accumulation targets at ages that might well be quite below the normal times that we might consider normies to be going into retirement status.

Many of us likely realize that there can be a lot of advantages to being able to have our time to work on our side, as long as we do not screw things up too badly, and surely by definition older people may well not have time to work on their side, but they may well have more capital that they already have accumulated through life.. while at the same time, they may well have concerns about whether and/or how many changes they might be willing to make in terms of potentially adding bitcoin into the mix of capital that they have already accumulated.

You made some valid points about age, financial management and holding Bitcoin. While, how long we will live is a fixed factor but maintaining a healthy life style does affect our quality of life. Additionally, achieving financial stability is also important to reduce stress and ensuring comfortable existence. Moreover, ensuring the seamless transfer of Bitcoin assets to our children and grand children is also vital, as it can provide them a valuable resource to enhance their quality of life.

[Sim_card]

don't see accumulating bitcoins as a very difficult task. 
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor. 

Yea, but it might be difficult when you don't plan and prepare yourself on how much you should use to DCA regularly that will not affect your income to take care of your responsibilities and emergency funds. This is why proper preparation is needed because it is a long term investment and you need to keep on increasing it regular so that it can grow because it wouldn't be nice for you to remain stagnant with your bitcoin investment.  The more you DCA the better chance that you will have to get rid of the risk and increase you bitcoin with timeline.

This is why you must figure out the right percentage from your income that will be perfect for regular DCA based on how much cash inflow that you do have weekly or monthly. Every investors regular DCA amount differ from each other because figuring out how much you will use for DCA is a personal decision since it is only you that know how much income you do have monthly, what matters is that you should be consistent with it.

This is why 10% is very cool because no matter whatever financial circumstances that come your way you will be able to tackle it and it shouldn't be that you have little cash reserve that will not be enough to take care of the financial circumstances that will make you to go and sell when it is not at your will. If from the look of things 10% is too big, then you can cut it down to 5%, in order to meet up with your long term goal on your bitcoin journey. No amount is too small, just start small is better than nothing. All you nee d to do is to see it that you are saving down from  your income for your future, and then discipline yourself and be patient. Patience is the key to success.

[Roseline492]

Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.

That's true but however having a basic information is very important because it serves you as a roadmap for the investment you intend to do,  perhaps without information investment on Bitcoin will not be possible because you have know knowledge about what you intend to invest.

So in as much Bitcoin investment is concern every bigginers needs information or knowledge to make a good investment decision on Bitcoin because is from the information he may acquired that would enable him make him have decision and determination to invest on Bitcoin so we shouldn't blame any bigginer if they wish to have information about Bitcoin before they could start because there investment determination come from there.

However Using myself as an instance, I wouldn't have venture into accumulation of Bitcoin if I had not done my research and acquires information from people concerning Bitcoin, however even if I was ask to invest on Bitcoin when I have no knowledge about it I wouldn't have invested because considering the volatility of Bitcoin my emotion and mindset could be affected as such that I could panic and sell off my investment at the long run, but however since I have understand and believe on Bitcoin and the potentials of Bitcoin, I have a determination to always accumulate on a weekly basis.

[BABY SHOES]

Its not difficult task depend with your environment and which one your friend list they are push your self more interested with investment or spending much money for lifestyle only. I am introvert person and most my time spending without communicate with many people and take care with my family or communicate with few person only in real life. I don't face difficult thing for accumulating bitcoin because not spent my money for drinking or any activities with many people or community.

Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.

Yes the environment can also affect you inhibit in bitcoin investment, why do I say that, when you hang out a lot with friends automatically you will spend more at least it is not important to do, if you are married it is better to do it with your child's family / wife in order to save then this will be in line with your plan to keep investing in bitcoin without any interference, it will be more support from your wife when she believes you have invested in bitcoin.

Therefore I also reduce excessive lifestyle because there will be no benefits for the future, so now return to the original plan to consistently invest in bitcoin with its focus on this instrument you will be much better than thinking about a lifestyle that is not so important.

The decision must still be taken if you are still in doubt, it will not be in line because it will continue to think about doubts, after all there is nothing wrong with buying at low or high prices if it is for the long term? It is better for accumulation than staying silent just watching price movements.

[Hewlet]

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich.

the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.

This is just like buying a share from a big company, if you are told that you can buy a share from apple company with as low as $10 to $20, it will be easy for the average person to risk such amount because of how popular apple product has gone globally. But if the least amount of share one can buy from a a company like Apple is around $200 solar it will be difficultt for an average person to see any investment opportunity in it. This is the beautiful thing about bitcoin as it allows anyone willing to accumulate it to do so with a little amount of money.

[rachael9385]

Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.

That's true but however having a basic information is very important because it serves you as a roadmap for the investment you intend to do,  perhaps without information investment on Bitcoin will not be possible because you have know knowledge about what you intend to invest.

So in as much Bitcoin investment is concern every bigginers needs information or knowledge to make a good investment decision on Bitcoin because is from the information he may acquired that would enable him make him have decision and determination to invest on Bitcoin so we shouldn't blame any bigginer if they wish to have information about Bitcoin before they could start because there investment determination come from there.

However Using myself as an instance, I wouldn't have venture into accumulation of Bitcoin if I had not done my research and acquires information from people concerning Bitcoin, however even if I was ask to invest on Bitcoin when I have no knowledge about it I wouldn't have invested because considering the volatility of Bitcoin my emotion and mindset could be affected as such that I could panic and sell off my investment at the long run, but however since I have understand and believe on Bitcoin and the potentials of Bitcoin, I have a determination to always accumulate on a weekly basis.

Yes, you are correct, the number one part of Bitcoin investment is what we call Bitcoin knowledge. Without knowledge of Bitcoin, one can't understand a dime about Bitcoin, even the smallest odds about Bitcoin investment the person will not understand.
With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.