Buy the DIP, and HODL!

[Hewlet]

This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.

No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund  because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcoin HODLing, than a kind of investment which is less than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis. Except you can invest a lum sum of $5- $10 per month which I don't know how it can be possible.

I don't know the kind of impressions you are trying to create here because every little beginning has a greater path so are you trying to tell me that because someone's income is not enough they should not make investments? a very wrong analysis sorry to say, if you can't invest when you have little there is every possibility that even if you have enough you can't still invest. You need to understand that not every one have that mindset of owning an investment even when they are rich so investment works with the ability to conquer some challenges around you and still continue because literally no man gets enough of himself as human wants are insatiable hence if someone who is earning $50 cannot make investments plan then definitely even if they increase his monthly salary to $200 or $500 he will still find it difficult to invest because he will begin to reason that now that he is earning higher is the time to enjoy himself with his family and live a better life, I have seen a lot of people do this.

I would have loved to know how much he started investing with to have made such conclution that you can't make an investment plan if you're earning $50 per month. The ability to start investing is one of the most important steps every investor has ever made and the truth is that people are of different financial class and belong to different regions and so regardless of what you are earning, if you're serious about investing for your future, it doesn't matter if you are able to start with $10 a month or $200 a month, if you're able to increase your earning along the way, you can choose to increase the allocation that goes into your investment. In a typical Christian religion setting that I'm familiar with, we all know that 10% payment for tithe is what's expected of them and regardless of wether the individual earns $50, $100 or even $500 a month, it's expected that he remits his 10% tithe at the end of the month and those that are faithful to it pays it regardless of thier financial strength or weakness.

Like you've rightly said, if you can't start investing when you have little resource, there is no guarantee that you will be able to invest when you've increased your earning. If you talk about meeting all your needs before thinking about making your investment, you already know that human wants are insatiable, when you think you've solved one, another comes right into your face.  Regardless of how much you're earning, I guess it's just best to decide that a certain percentage will always go into your investment. So let's say you're earning $50 per month, you just push out $5 into Bitcoin and know that it's the days of your little begining. Along the line, you will certainly increase how much you're earning and you can easily effect the increase in the process rather than waiting till you're already made before going into making making your investment.

[DubemIfedigbo001]

I think it's quite natural for someone to want to become rich in an instant but that's unlikely to happen.
Those who have low finances must be able to save on their living expenses in the next 2 or 5 years. In the sense that the save are made only to invest in bitcoin and that is one way for them to build a path to achieve success or change their lives in the next few years.

If your finances are low, means you're struggling already to meet your needs and I think the first swipe you should have in bitcoin investment is working on increasing your income before actually investing. Its very important to find  a means to fuel the consistency of your investing journey rather than having to strangle yourself regularly to make investments, if you make investments that leaves you vulnerable, then your vulnerability might consume your investment in no distant time.

Its very practicable to go the extra mile to be able to invest such as taking up an extra job with the sole purpose of utilizing the dividends from the new job or hustle to invest in bitcoin while living your normal live with your first job. That's where the determination is fully activated because there's separation of concerns and you know now that you've to put in extra efforts to raise more money to remain consistent in your bitcoin acquisition rather than suffering yourself by cutting down fats on an already slim income.

[Mayor of ogba]

This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.

No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund  because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcoin HODLing, than a kind of investment which is less than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis. Except you can invest a lum sum of $5- $10 per month which I don't know how it can be possible.

I don't know the kind of impressions you are trying to create here because every little beginning has a greater path so are you trying to tell me that because someone's income is not enough they should not make investments? a very wrong analysis sorry to say, if you can't invest when you have little there is every possibility that even if you have enough you can't still invest. You need to understand that not every one have that mindset of owning an investment even when they are rich so investment works with the ability to conquer some challenges around you and still continue because literally no man gets enough of himself as human wants are insatiable hence if someone who is earning $50 cannot make investments plan then definitely even if they increase his monthly salary to $200 or $500 he will still find it difficult to invest because he will begin to reason that now that he is earning higher is the time to enjoy himself with his family and live a better life, I have seen a lot of people do this.

A man I know had no job and he was suffering with his family and the man was saying that if only he will get a job that he's gonna make sure he scrap out some amount for savings despite how little it may be, do you know that this man got a job but instead of taking part of his income for savings he said he has been suffering with his family all this years that it's time for him to enjoy with his family that after all if he dies no one is gonna bury him with his money so you can imagine such a person so it's not every one that have this investment mindset in them but we shouldn't discourage those that earns little amount from making investments inasmuch as the income is coming regularly they can still manage to DCA and accumulate same amount from time to time pending when they get a bigger job then they can actually increase their DCA, keep emergency funds and increase their portfolio.

Someone living on a salary of $50 a month will find it hard to cover his living expenses if he decides to invest in bitcoin, and the person might not hold his bitcoin for the long term. Since bitcoin investment is a long-term investment, we should have a good income source that will help us invest in bitcoin with the money we can afford to lose. With a $50 salary a month, you can't rebuild your emergency funds when they are finished because $50 can't even cover your monthly expenses. If the salary was $100 monthly, it would be manageable because you could use $20 to accumulate bitcoin with the DCA strategy every month, use $20 as your emergency funds every month, and use the remaining $60 to take care of your living expenses. Bitcoin investment is not all about taking risks; there are things you need to keep in place before you can be successful in your bitcoin investment. We shouldn't invest in bitcoin when our income source cannot cover our monthly expenses because we could sell our bitcoin investment one day to sort out our lives.

[Uhwuchukwu53]

This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.

No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund  because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcoin HODLing, than a kind of investment which is less than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis. Except you can invest a lum sum of $5- $10 per month which I don't know how it can be possible.

I don't know the kind of impressions you are trying to create here because every little beginning has a greater path so are you trying to tell me that because someone's income is not enough they should not make investments? a very wrong analysis sorry to say, if you can't invest when you have little there is every possibility that even if you have enough you can't still invest. You need to understand that not every one have that mindset of owning an investment even when they are rich so investment works with the ability to conquer some challenges around you and still continue because literally no man gets enough of himself as human wants are insatiable hence if someone who is earning $50 cannot make investments plan then definitely even if they increase his monthly salary to $200 or $500 he will still find it difficult to invest because he will begin to reason that now that he is earning higher is the time to enjoy himself with his family and live a better life, I have seen a lot of people do this.

A man I know had no job and he was suffering with his family and the man was saying that if only he will get a job that he's gonna make sure he scrap out some amount for savings despite how little it may be, do you know that this man got a job but instead of taking part of his income for savings he said he has been suffering with his family all this years that it's time for him to enjoy with his family that after all if he dies no one is gonna bury him with his money so you can imagine such a person so it's not every one that have this investment mindset in them but we shouldn't discourage those that earns little amount from making investments inasmuch as the income is coming regularly they can still manage to DCA and accumulate same amount from time to time pending when they get a bigger job then they can actually increase their DCA, keep emergency funds and increase their portfolio.

Someone living on a salary of $50 a month will find it hard to cover his living expenses if he decides to invest in bitcoin, and the person might not hold his bitcoin for the long term. Since bitcoin investment is a long-term investment, we should have a good income source that will help us invest in bitcoin with the money we can afford to lose. With a $50 salary a month, you can't rebuild your emergency funds when they are finished because $50 can't even cover your monthly expenses. If the salary was $100 monthly, it would be manageable because you could use $20 to accumulate bitcoin with the DCA strategy every month, use $20 as your emergency funds every month, and use the remaining $60 to take care of your living expenses. Bitcoin investment is not all about taking risks; there are things you need to keep in place before you can be successful in your bitcoin investment. We shouldn't invest in bitcoin when our income source cannot cover our monthly expenses because we could sell our bitcoin investment one day to sort out our lives.

Mayor what your saying it actually true, this kind of salary and venturing into BTC investment can't work is like using head to work instead of legs, if the investor is coming from my nation or third world countries where inflation is hitting so high it will be very difficult to strive, such salary earner can only invest and sustain when there is other sources of income.
From my analysis no matter how you squeeze the salary in management perspective it hardly give the person two square meal on daily basis for one month while other responsibilities and unforseen circumstances is not inclusive where such salary can work efficiently is where the salary have less engagement as other sources of income serve as addictive to the salary in that case it will be very easy to invest and hold for long term without challenge if truly the investor is patient enough by controlling it's emotion and persist in accumulating when any dip occur and when deem necessary.

[Justbillywitt]

This is a frustrating but true fact. Poverty deters people from investing in Bitcoin. They think investing in Bitcoin is too difficult and expensive. They think saving in poverty will not be responsive to them. But they don't know it, the money invested weekly or monthly in Bitcoin can one day change their life. There is no need to set aside a lot of money, setting aside a little money and saving regularly can greatly improve their quality of life. In this case I will blame their lack of knowledge.

No matter how smart you are in this case scenario of $50 per month, you may not be able to accumulate bitcoin, talk less of setting aside discretion /reserved and emergency fund  because $50 is way smaller in terms of btc investment. because if for instance you are receiving $50 per month, let's say you set aside $5 weekly DCA howany Dolla will you keep for emergency and reserved and also feeding for the next 3weeks ahead after you might have invested in the first week? Surely such investment will put you in a tight corner. In as much as we talk about investing as little as $5 to $10 through DCA , we should also think of a reasonable amount that will not make us to sell off our bitcoin HODLing, than a kind of investment which is less than not investing atol. $50 is not a reasonable amount to even feed a family for 1 month so let me realistic in our analysis. Except you can invest a lum sum of $5- $10 per month which I don't know how it can be possible.

I don't know the kind of impressions you are trying to create here because every little beginning has a greater path so are you trying to tell me that because someone's income is not enough they should not make investments? a very wrong analysis sorry to say, if you can't invest when you have little there is every possibility that even if you have enough you can't still invest. You need to understand that not every one have that mindset of owning an investment even when they are rich so investment works with the ability to conquer some challenges around you and still continue because literally no man gets enough of himself as human wants are insatiable hence if someone who is earning $50 cannot make investments plan then definitely even if they increase his monthly salary to $200 or $500 he will still find it difficult to invest because he will begin to reason that now that he is earning higher is the time to enjoy himself with his family and live a better life, I have seen a lot of people do this.

A man I know had no job and he was suffering with his family and the man was saying that if only he will get a job that he's gonna make sure he scrap out some amount for savings despite how little it may be, do you know that this man got a job but instead of taking part of his income for savings he said he has been suffering with his family all this years that it's time for him to enjoy with his family that after all if he dies no one is gonna bury him with his money so you can imagine such a person so it's not every one that have this investment mindset in them but we shouldn't discourage those that earns little amount from making investments inasmuch as the income is coming regularly they can still manage to DCA and accumulate same amount from time to time pending when they get a bigger job then they can actually increase their DCA, keep emergency funds and increase their portfolio.

All I can say is that everyone makes investment according to their financial muscles, that's just the simple truth. Most multinationals companies we see and hear of today started very small, if you read through their stories you will really understand that you don't have to be fully comfortable before making investments. I agree with you when said that investment is all about mindset. Some who is earning little salary today and doesn't plan on investing so that he will have a better opportunity tomorrow will continue to be poor for life. If someone is earning $50 as monthly salary, the person should at least invest $5. If $45 cannot take care of you as someone earning $50 as salary, then the entire $50 can't still take care of you. Investment is sacrifice, and it's because of the investments we have made today that's going to be our hope in the future. No matter what level we are financially we should never forsake investing.

[mv1986]

~

All I can say is that everyone makes investment according to their financial muscles, that's just the simple truth. Most multinationals companies we see and hear of today started very small, if you read through their stories you will really understand that you don't have to be fully comfortable before making investments. I agree with you when said that investment is all about mindset. Some who is earning little salary today and doesn't plan on investing so that he will have a better opportunity tomorrow will continue to be poor for life. If someone is earning $50 as monthly salary, the person should at least invest $5. If $45 cannot take care of you as someone earning $50 as salary, then the entire $50 can't still take care of you. Investment is sacrifice, and it's because of the investments we have made today that's going to be our hope in the future. No matter what level we are financially we should never forsake investing.

Depending on what you are referring to, mindset might play a role. For instance, when volatility kicks in as it always did for Bitcoin and weak hands feel like selling is the right thing to do when in fact the answer to volatility is to stick to the plan and accumulate no matter what. The no matter what is the mindset thing. People often want to play the market. I'll be straight out honest, I tried to do that in the distant past and thought if it drops and I believe it drops (although I didn't have any good reason to back it up), I sell and then buy back later for cheaper. I can tell you it is at best a coin flip and it is probably not a coin flip because psychology doesn't stop to kick in. You get the timing wrong getting off the train and you get the timing wrong getting on the train.

Buy the dip and HODL is only half of the equation. Or maybe it is 150% of the equation, but we need 100% to get it right. Going too hard, going too low, all bad. The solution is: Buy and HODL.

When you make the decision to buy, it hopefully means you got cash at your disposal that you don't need anytime soon (or never in a best case scenario) and you are happy about what you get for it because what you get is the thing you think will appreciate in value.

Buy the dip, buy the high, buy the all the way down, buy all the way up, and stop when you think you are loaded as per your own desire/need/requirement to add to your portfolio (whatever that consists of).

[Hoximen7]

Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky.

Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand.

[Tmoonz]

Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.

Imo i believe the optimum allocation is subjective based on individuals income, country, goal, and attitude towards risk.
The DCA amount allocated for the month
I guess doesn't have to be once a month but could be spread across the days in a month especially during a correction or dip.

That is not actually the right way to go about it because there is no way you could advise someone who is earning low to invest on a daily basis that's actually an over investment because let's take for instance he is earning $150 on a monthly basis and you advise him to invest daily and maybe he uses $5 as his accumulation amount on the daily basis and in a month we have 30 days depending on the particular month so perhaps $5*30=$150 he will spent per month which is his salary per month and that means he will be investing 100% of his monthly salary, this is actually an over aggressive investment, so perhaps I would advise you focus on weekly accumulation using $10 since you are earning $150 monthly because this will keep you away from getting in trouble during the process.

I don't support the idea of investing on daily basis, I don't know how effective it will be for those doing it but for me it doesn't make sense, firstly there is a very big possiblity that the price one bought yesterday will still be the same price region that bitcoin will be today. The best way is to DCA on weekly basis or on monthly basis, that's a bit more effective than daily basis. There is a big possiblity of getting a reasonable price difference when we invest in weekly or monthly basis. Secondly when someone keep investing on daily basis, you end up paying more exchanges fees, it might really look small, but when added together you realize that you have spent huge amount on exchange charges. That being said anyone decaying on daily basis should switch from it. If you add those fees you are spending on exchange charges on daily basis, you will be able to get more stash of bitcoin if done on weekly or monthly basis.

Don't be in a hurry to forget the fact that Bitcoin is a volatile asset which you can not measure it's occurrence in days, the price swings and fluctuations can be so rapid either inclined or declined at any given time, you made mention of that there is a very big possibility that the price one bought yesterday will still be the same price region Bitcoin will be today, there is no guarantee to that regard because there is also a very big possiblity that the price one bought yesterday can not also be the same price region today and that is Bitcoin volatility nature. However, for me I don't think when you make your purchases of Bitcoin is that important, what I feel is much important is the readiness of an investor and the availability of your investment money and how you can be able maximize every opportunities that shows it's self in the market in order to increase the size of your Bitcoin investment.

[liasbaa]

Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky.

Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand.

You are correct! Many new investors may not have enough money in the initial stage. In that case can start small even if it is $5 per week. If he continues this regularly for a long period of time, he will develop a habit of accumulating BTC along with future capital growth. When he starts depositing BTC regularly through DCA method his income can increase as well as investment amount. And if he does his research on the past price of Bitcoin for inspiration, he can get a clear idea. I think one should be more focused on holding BTC without expecting extra profit in the initial stage. So get used to holding BTC to increase the amount of profit in future.

[Dailyscript]

It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky.

Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand.

Dreams and wishes do not make any new investor succeed in Bitcoin. There is an approach to any investment and Bitcoin just like any other investment has an approach to follow if not one would definitely regret investing in it. Dont invest if you do not have any disposable income that is the first rule. The money used to invest should be your disposable income because every monthly bills and emergency funds should be sorted out before initiating any investment. After that knowing how to secure and manage your funds and this part is very tricky. And lastly setting a target while patiently and consistently investing would make an investor succeed in bitcoin investment.

[Bravut]

Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky.

Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand.

You are correct! Many new investors may not have enough money in the initial stage. In that case can start small even if it is $5 per week. If he continues this regularly for a long period of time, he will develop a habit of accumulating BTC along with future capital growth. When he starts depositing BTC regularly through DCA method his income can increase as well as investment amount. And if he does his research on the past price of Bitcoin for inspiration, he can get a clear idea. I think one should be more focused on holding BTC without expecting extra profit in the initial stage. So get used to holding BTC to increase the amount of profit in future.

Well said. Expecting return from the investment at the early stage isn't necessary because there is no clear path  for it.  Investors looking to invest in Bitcoin should focus more on accumulating at least after  a cycle then can decide wether to take partials, and re-invest but this solely depends on how aggressive he/she was accumulating.

Patience and discipline in the accumulation stage, understanding the fact that holding is necessary. Having a set target is also strong base that will help  push young investor to be resilient in there investment journey.

[Sim_card]

Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky.

Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand.

Anyone that has a minimal capital that he cannot have a discretionary income in which he can use to invest in bitcoin does not need to save for in other for him to have the money that he wants to use to buy bitcoin. This is because he cannot buy once and relax believing that he will make good profit from the little amount of bitcoin that he bought, and you are investing in a long term . He needs to continue buying regularly using DCA method in order to him to grow his bitcoin investment to a level. What that person needs to do is to look for another means of income, that he can use for his bitcoin investment and also for his emergency and reserve funds, why he uses his first job to take care of other important needs and expenses.

Apart from that I don't see how such person will be able to invest in bitcoin, because it will be a waste of time and like gambling because he is not prepared and does not have what it takes to start his bitcoin investment journey.

[ginsan]

Anyone that has a minimal capital that he cannot have a discretionary income in which he can use to invest in bitcoin does not need to save for in other for him to have the money that he wants to use to buy bitcoin. This is because he cannot buy once and relax believing that he will make good profit from the little amount of bitcoin that he bought, and you are investing in a long term . He needs to continue buying regularly using DCA method in order to him to grow his bitcoin investment to a level. What that person needs to do is to look for another means of income, that he can use for his bitcoin investment and also for his emergency and reserve funds, why he uses his first job to take care of other important needs and expenses.

Apart from that I don't see how such person will be able to invest in bitcoin, because it will be a waste of time and like gambling because he is not prepared and does not have what it takes to start his bitcoin investment journey.

Your explanation is very confusing, regardless of what you say, I don't know which point to take.

You have reserve funds, you are ready to invest because reserve funds are funds that are not used for other needs.

Some mistakes in investing are of course their budget is not enough in the sense that they don't have reserve funds so this will affect their investment journey.

In phase one
Everyone invests easily but how can they invest in the long term. Yes, this is something that beginners should think about, where the finances set aside for investment do not interfere with their daily needs at all.

In the second phase.
Routine investing which is done every week in order to reach the target level, such as buying with DCA, waiting for dips and lump sum moments.

The third is to resist all temptations of lust. Of course, this third phase is what some of them often fail to implement because they are tempted by short-term profits.

[Roseline492]

Someone living on a salary of $50 a month will find it hard to cover his living expenses if he decides to invest in bitcoin, and the person might not hold his bitcoin for the long term. Since bitcoin investment is a long-term investment, we should have a good income source that will help us invest in bitcoin with the money we can afford to lose.

Well it could be possible for someone who earn $50 on a monthly basis to accumulate Bitcoin using a certain amount from there and at the same time it could also not be possible reason been that it could happen that the person is still staying with his family were almost everything is provided for him by his family and doesn't have any responsibility so with that you can see that his monthly salary can hardly affect him if he intend to invest a certain amount into Bitcoin either on a weekly basis or a monthly basis, so actually when we talk about impossibility of someone who earns $50 on a monthly basis to invest on Bitcoin we should also try to consider there could be chance for the person not having any responsibility at the moment.

[Stablexcoin]

Anyone that has a minimal capital that he cannot have a discretionary income in which he can use to invest in bitcoin does not need to save for in other for him to have the money that he wants to use to buy bitcoin. This is because he cannot buy once and relax believing that he will make good profit from the little amount of bitcoin that he bought, and you are investing in a long term . He needs to continue buying regularly using DCA method in order to him to grow his bitcoin investment to a level. What that person needs to do is to look for another means of income, that he can use for his bitcoin investment and also for his emergency and reserve funds, why he uses his first job to take care of other important needs and expenses.

Apart from that I don't see how such person will be able to invest in bitcoin, because it will be a waste of time and like gambling because he is not prepared and does not have what it takes to start his bitcoin investment journey.

I think you are getting your explanation mixed up somewhere. There is no specific capital that one could to start a Bitcoin investment. Yes, people lump sum with a huge amount but they don't stop there. Consistency in accumulation makes a brighter portfolio that one can rely on for better times.

It doesn't matter when you buy what matters is if you will buy and won't procrastinate. Buy whenever you have the money if you are a business person but if you receive monthly income DCA throughout. You will be very happy if you stack your sats now and stay humble on your investment.

[Nheer]

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

Not everyone is blessed enough to have huge amount of money to invest in bitcoin at once, if i am not mistaken majority of the people don’t have that much to invest all at once that’s why the DCA strategy was introduced to so the less privileged can also have the opportunity to invest as well and not miss out. The amount we invest depends on the capability of risk tolerance and not the amount of money we have in our bank accounts. Some might be earning just little and still risk 50% of it into investing in bitcoin while a person who earns more might find it difficult to invest up 10% of their money in bitcoin.

Waiting to accumulate more money to invest is not the best way for me, while trying to save up one might be faced with different financial challenges which might lead to spending part of the money meant for your investment so investing the little you can afford first and topping up whenever you can is the best way to accumulate bitcoin especially for those who don’t have huge amount.

[Ryu_Ar1]

Most people in Africa are struggling to own bitcoin, taking risks just to own bitcoin, because if you check the living conditions of masses, you will see the main reason why there is many adoption of bitcoin especially by their young citizens is because bitcoin is hope. Bitcoin has become the shinning light they can look up to for a brighter future and better everything around them, and improve their living conditions. People living below $50 monthly salary are still buying bitcoin and hodling for dear life.

Isn't it better for people like that who have a salary below $50 to collect money first before buying BTC. Or at least it is better to invest in trading with a short term. And if there is more profit from trading can be saved to meet the target, if you feel the target has been reached you will be ready to start long-term investment by buying BTC with the DCA method. Because if you push too hard it will be very risky, better slowly but surely,

The problem is that you shouldn't risk your investment on an uncertain trade that could leave you in the lurch and lose the money you intended to invest in the first place.
Agreed when it comes to investing but not when it comes to trading because at the end of the day, even though we might make a profit a few times, at some point you will be stuck in a hole that you can't even afford. So if you really want to be comfortable then just set it for investment without having to think again to be used as trading especially if we don't understand the trading scheme because in the end it can be like gambling where you only guess according to your instincts.

[Tmoonz]

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

Not everyone is blessed enough to have huge amount of money to invest in bitcoin at once, if i am not mistaken majority of the people don’t have that much to invest all at once that’s why the DCA strategy was introduced to so the less privileged can also have the opportunity to invest as well and not miss out. The amount we invest depends on the capability of risk tolerance and not the amount of money we have in our bank accounts. Some might be earning just little and still risk 50% of it into investing in bitcoin while a person who earns more might find it difficult to invest up 10% of their money in bitcoin.

Waiting to accumulate more money to invest is not the best way for me, while trying to save up one might be faced with different financial challenges which might lead to spending part of the money meant for your investment so investing the little you can afford first and topping up whenever you can is the best way to accumulate bitcoin especially for those who don’t have huge amount.

The amount we invest depends on how much of our discretional and disposable income we have after taken care of our personal needs and a provisional emergency funds,  yeah you right about saying that those who have lesser risk tolerance level we tend to invest more than those that have higher risk tolerance level which differs individually even in terms of our income flows and expenses so any one can only invest the amount that suits him or her in terms of income flow, psychology, risk tolerance level and investment goals and objectives.

[bestcoins1]

The amount we invest depends on how much of our discretional and disposable income we have after taken care of our personal needs and a provisional emergency funds,  yeah you right about saying that those who have lesser risk tolerance level we tend to invest more than those that have higher risk tolerance level which differs individually even in terms of our income flows and expenses so any one can only invest the amount that suits him or her in terms of income flow, psychology, risk tolerance level and investment goals and objectives.

There is some truth to implementing something like that and it is not at all bad for people who want to invest in Bitcoin, but in terms of buying on the Dip or chasing the Bitcoin Dip price in the market and holding it for the long term as an investment it will also not be that difficult for many people who know how to allocate funds for this. Because the part that will be considered the best investment in life must have a special allocation from the income or salary obtained monthly through our own work. Because things like that can also maintain the psychology and level of risk tolerance that we have to manage ourselves regarding what we do through the funds that we specifically allocate.

[JayJuanGee]

[edited out]

Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.

Even those kinds of numbers of being able to have 40% discretionary income come off as a bit unrealistic in terms of typical situations that people find themselves in, and you might even be using the term emergency fund wrong, since you seem to be referring to having an extra amount of money as a kind of float in the month to cover unexpected other expenses that might come up.  An emergency fund is generally something that is built up and would likely be a minimum of 3 months, and it should hardly ever be touched since the guy should have other funds that are available so that he never has to touch his emergency fund absent an actual emergency.. and so the size and the maintenance of the emergency fund becomes ever more important with any kind of volatile investment such as bitcoin, since we likely should be investing into bitcoin for the long term of 4-10 years or longer, so we don't want to be getting ourselves into any kind of situation in which we have to touch any of our bitcoin during that period for any reason, except our complete own choosing.. and based on various aspects of our investment thesis playing out or BTC levels accumulating to sufficiently high levels that we are moving away from accumulation and into other kinds of stages (practices).

Yes, maybe what I said above is not quite right my friend, but in the end there is no purpose that is not recommended from what I said earlier, because what is called an emergency fund is always an important preparation that must be prepared by everyone, especially investors who are involved in investments which are not always about profit, and maybe I will make everything clearer about the purpose of the emergency fund that I said earlier, namely so that our accumulation is maintained in the long run according to the planning that we have, which is to keep our DCA allocation uninterrupted. This is because honestly, it is not uncommon for me to see investors (especially beginners) who end up experiencing a lot of delays in allocations that should be done with full consistency when they use DCA.

With what you said I think it is still a good idea, and maybe I will make this simpler which is to save 20% of the total income you have every month so that when you feel that you are not enough with the amount of 60% funds for needs because there is something that happens in an emergency such as experiencing illness or any event that requires you to spend some money then you can use the emergency fund without having to interfere with the 20% budget for your bitcoin accumulation which indirectly maintains the consistency of your DCA, but you can also change the percentage if your expenses are more than 60%.

I think that your post would be much more clear if you start out by figuring out what is the discretionary income and work from there.  Sure, no problem that we can consider gross percentage numbers that we want to aim to invest into bitcoin in regards to our take home pay, but we still should figure out the expenses first in order to figure out how much we are going to invest into bitcoin from there.

And, yeah, the emergency fund, reserves and float would also come from the discretionary income, to the extent that any of them might need to be built or perhaps largely already established and having some fluctuation.

Frequently it becomes quite abstracted to speak generally about the things you want to do, without describing that within more concrete examples, and surely I already mentioned many times that normal people have difficulties sustaining 10% investments and savings, and yeah, that is not to say that others might not be able to save/invest more than that, even up to 40% (and yeah emergency funds gets built from that too),  but when spouting out such seemingly high numbers, it probably makes way more sense to be explaining why, as some general person that we should be giving examples that are not representative of the struggles of most people, whether rich or poor, which is to really sustainably engage in a process that involves investing/saving more than 10% of their income... and if so, how do they get to those numbers .. and are the sustainable in order to constitute investing rather than gambling.