Buy the DIP, and HODL!

[Ruttoshi]

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.

In not all cases, you have to wait for the price of Bitcoin or other cryptocurrencies to fall deeply. You should have a bracket of how many percent you will buy a coin that you believe will give you good savings in the future.

There are many people who are confused by such a system; what they think is going to drop a lot in the market is suddenly just a fake dump, and if they continue with the baiting tendency, the fund will be stuck and the expected will not happen, unless you really have a deep understanding of trading here in the crypto space.

In not all cases, you have to wait for the price of Bitcoin or other cryptocurrencies to fall deeply. You should have a bracket of how many percent you will buy a coin that you believe will give you good savings in the future.

Stop talking about altcoins and b specific on the word Bitcoinbecause only bitcoin is an assest, and is worth hodling for long. You don't need to wait for the dip before to start investing in bitcoin because you don't know when the dip will come. A beginner in his bitcoin journey should start buying immediately he has the money, and continue regularly weekly or monthly in order for him to grow and build his bitcoin portfolio over time. If you wait for the dip, you will end up accumulating little over a long period of time compare to an investor that used the DCA strategy. The aim of investing in bitcoin is to have a reasonable amount of bitcoin and this is why a new investor don't need to stop accumulating or waiting because your portfolio will be stagnant and the price of bitcoin increases overtime. If you have your discretionary income, emergency funds, get started without looking back.

There are many people who are confused by such a system; what they think is going to drop a lot in the market is suddenly just a fake dump, and if they continue with the baiting tendency, the fund will be stuck and the expected will not happen, unless you really have a deep understanding of trading here in the crypto space.

Trading has nothing to do with hodling, they are opposite. For you to be at rest with your bitcoin investment, you need to invest in a long term so that you don't bother about the price of bitcoin dipping or pumping, what you only focus on is accumulating consistently and persistently in order to build your bitcoin portfolio to a certain level. This is why using the DCA strategy is the best because it gives you the opportunity to buy bitcoin irrespective of the price.

[Judith87403]

On the one hand, as their Bitcoin holdings increase, on the other hand, their wealth will also increase.

I agree with all of the points of your post, including this one, except you could have worded this part better, since you are suggesting that holding more bitcoin is going to guarantee increased wealth, which truly is not true.  There is no guarantee, including that if someone does all the right things in bitcoin including investing into it as aggressively as he can, without over doing it, and he still might end up in a worse situation than if he had not invested into bitcoin... so surely it is better NOT to consider your bitcoin investment as if it were guaranteed, including communicating to others in a way that suggests that either you believe it is guaranteed or that it is guaranteed - since also you could lose your credibility when you communicate like that... even though many of us likely recognize and appreciate that it is better to invest into bitcoin rather than not investing into bitcoin, especially if we have figured out that we have discretionary income.  The devil is also in the details in regards to either how much or how to go about such investing into bitcoin.

Right. It will happen with those people who made investment from only with the hype when the greed level is high.
If investors weren't aware at least with the basic knowledge then they will definitely face loss even they intend to investment in bitcoin. for example if a person invested in bitcoin at the 2021 at 69k then how will he make profit, he takes 4 years to recover even if he made the investment for the long-term. Here is memes for those-


here is one video also
https://twitter.com/naiivememe/status/1783890530952188267

There are people who come into Bitcoin based on the hype or the believe that they could possibly make money easily without knowing that it does not work that way and this set of people are actually the ones that gets confused or panicking if the price is going opposite direction. But however for someone who his major aim is to buy and hold will never be afraid weather the price goes up or down because what he is looking out is not the current state of Bitcoin but instead he is focusing at what the future could bring and that's what differentiate a holder from other investors, however is actually surprising to see that most investors could not differentiate holding and short term because most of them believe that holding there investment six or seven months is consider as a holder, on the contrary that's a short term holding.

[Frankolala]

On the one hand, as their Bitcoin holdings increase, on the other hand, their wealth will also increase.

I agree with all of the points of your post, including this one, except you could have worded this part better, since you are suggesting that holding more bitcoin is going to guarantee increased wealth, which truly is not true.  There is no guarantee, including that if someone does all the right things in bitcoin including investing into it as aggressively as he can, without over doing it, and he still might end up in a worse situation than if he had not invested into bitcoin... so surely it is better NOT to consider your bitcoin investment as if it were guaranteed, including communicating to others in a way that suggests that either you believe it is guaranteed or that it is guaranteed - since also you could lose your credibility when you communicate like that... even though many of us likely recognize and appreciate that it is better to invest into bitcoin rather than not investing into bitcoin, especially if we have figured out that we have discretionary income.  The devil is also in the details in regards to either how much or how to go about such investing into bitcoin.

Right. It will happen with those people who made investment from only with the hype when the greed level is high.
If investors weren't aware at least with the basic knowledge then they will definitely face loss even they intend to investment in bitcoin. for example if a person invested in bitcoin at the 2021 at 69k then how will he make profit, he takes 4 years to recover even if he made the investment for the long-term.

The investor will not make profit if he only bought at that price once without buying again until Bitcoin price passes 70k, that is when he can start seeing profit. However, if that investor bought his first bitcoin at 69k and continue to buy regularly weekly or monthly using DCA for four years, even with the current bitcoin price of 66k+ as I am typing this post he would have made profit. This is because he was opportune to also buy bitcoin at the dip of 2022 October, so due to constant buying, his average bitcoin price will be lower and not at 69k anymore.

This is the power of DCA, and that is why it is recommended mostly for beginners or those that are in their accumulation phase. Bitcoin investment is like every normal investment that in the early stage you need to sacrifice a lot to make sure that it stands. This is why I don't get it why people feel bitcoin investment is something they put their money into and expect profit immediately without building it over a long period of time.

[Sonia_123]

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.

Well i don't think a serious person with an unstable income will want to go into investment without looking for an alternative source to fund his investment, it must have been an unexpected situation that has put that person in a tight bent corner beyond his control ,which has led to unstable investment.
Investing in Bitcoin using the DCA method makes it very easy for anyone that is interested in investing , no matter how little your income is ,you still chose to invest either daily, weekly or even monthly,as long as your are comfortable with your income and  it meet your demands .

[CcnoutChopper19]

There are many people who are confused by such a system; what they think is going to drop a lot in the market is suddenly just a fake dump, and if they continue with the baiting tendency, the fund will be stuck and the expected will not happen, unless you really have a deep understanding of trading here in the crypto space.

Trading has nothing to do with hodling, they are opposite. For you to be at rest with your bitcoin investment, you need to invest in a long term so that you don't bother about the price of bitcoin dipping or pumping, what you only focus on is accumulating consistently and persistently in order to build your bitcoin portfolio to a certain level. This is why using the DCA strategy is the best because it gives you the opportunity to buy bitcoin irrespective of the price.

Yes I agree with this, when we talk about investing then we are only required to always be able to maintain a consistent budget allocation on the various strategies that we have, one of which is DCA which is now more widely used by most investors. On the other hand, I understand that investing is not only about profit opportunities but will also always have the possibility of potential losses, but as long as you still maintain your accumulation even if for example the price drops then that does not mean you are completely at a loss, because as we know that in the last 10 years bitcoin has always had an increase which sometimes the increase can be very significant and this is also the reason why it is more advisable to have long-term planning when we want to get involved in this bitcoin investment, one of which is by using the DCA strategy.

On the other hand, of course everyone has worries in him especially when it comes to financial matters, but when you are able to be patient to maintain your long-term planning, there is a high probability for you to reach the recovery phase if indeed the price has previously dropped and maybe you can achieve a maximum profit of thousands of percent of the amount of capital you allocated, and the point is to always be consistent in the budget allocation according to what you plan, whether it's once a week or once a month and always be patient in the process of the journey, I understand that there is no 100% guarantee that you will succeed at the end of the accumulation plan, but I think we should remember the fact that usually something that is done consistently and patiently usually will not disappoint.

[mv1986]

-snip-

In not all cases, you have to wait for the price of Bitcoin or other cryptocurrencies to fall deeply. You should have a bracket of how many percent you will buy a coin that you believe will give you good savings in the future.

There are many people who are confused by such a system; what they think is going to drop a lot in the market is suddenly just a fake dump, and if they continue with the baiting tendency, the fund will be stuck and the expected will not happen, unless you really have a deep understanding of trading here in the crypto space.

Shrink the scope and focus only on bitcoin. You won't get stuck with fake pump and dump, even if you get a dump at some point you can still buy and accumulate them. The price of bitcoin will increase over time, even someone who is stuck at the previous ATH can still hope to get a return when the season bullish occurs. If you buy and continue to accumulate, your average price will get lower and will no longer keep you stuck at ATH, for example.

You can easily find examples like what I mean, so of course you won't be trapped in bitcoin if you have good financial strength. Even if you can still hold longer and wait out the bull run market for some time if you are stuck at ATH, you will likely find your investment in bitcoin to be profitable.

I sometimes feel that everyone who hears something about cryptocurrencies will search for the next thing that he or she believes will explode 10000x. It is the feeling that they missed the train and now find themselves hunting that one coin nobody else knows about. In other words, probably 90% of new investors decide against going down the solid route and DCA into Bitcoin overtime right from the start.

The worst is when you get into hopping from Bitcoin into shit coins and try to do that repeatedly, hoping to double your money. In the very, very beginning I have given some shit coins a shot and while it is exciting to see some of them go up, the markets for them very quickly dry out or some of the "dev wallets" get flash dumped and you are screwed.

The proof lies in the data for Bitcoin. There are threads that explain in a very solid way where somebody would be if they had investors X amount over time in a certain interval. It is mind-blowing and only in hindsight do more people understand how powerful DCAing would have actually been for them even with small amounts.

[JayJuanGee]

[edited out]

On the other hand, a fixed monthly income is of course included in the initial planning to set aside our ability to invest, such as 10% or 5%, for us to invest in bitcoin. If everything can be managed as well as possible, of course the investment we make in Bitcoin will not interfere at all with our expenses or our daily needs.

Even though I understand that you are saying that your bitcoin investment comes from your discretionary income, so it is extra income that you are putting into bitcoin with the hope to be able to both defer gratification and to hopefully improve your life at some future time.

Nonetheless, whether someone invests $10 per week, $100 per week, $1,000 per week or some other amount into bitcoin, the amount that is invested does have potentials to take away from current consumption, depending upon how aggressive the person is in light of his discretionary income.. if he is really wimpy and he is investing only 1-5% or his discretionary income then he is less likely to feel the effects of missing that income that he could have used for current consumption rather than potentially profiting later.  And, of course, if he is investing somewhere close to 100% of his discretionary income, he might be sacrificing driving a nicer car or maybe living in a less luxurious house or maybe going out to eat less (or perhaps not at all), so there could be some current sacrifices and reductions in quality of life based on investing into bitcoin, even though the investment into bitcoin would not be taking away from the basic expenses, yet the investor still chooses what he considers to be basic expenses or not.

On the one hand, as their Bitcoin holdings increase, on the other hand, their wealth will also increase.

I agree with all of the points of your post, including this one, except you could have worded this part better, since you are suggesting that holding more bitcoin is going to guarantee increased wealth, which truly is not true.  There is no guarantee, including that if someone does all the right things in bitcoin including investing into it as aggressively as he can, without over doing it, and he still might end up in a worse situation than if he had not invested into bitcoin... so surely it is better NOT to consider your bitcoin investment as if it were guaranteed, including communicating to others in a way that suggests that either you believe it is guaranteed or that it is guaranteed - since also you could lose your credibility when you communicate like that... even though many of us likely recognize and appreciate that it is better to invest into bitcoin rather than not investing into bitcoin, especially if we have figured out that we have discretionary income.  The devil is also in the details in regards to either how much or how to go about such investing into bitcoin.

Right. It will happen with those people who made investment from only with the hype when the greed level is high.
If investors weren't aware at least with the basic knowledge then they will definitely face loss even they intend to investment in bitcoin. for example if a person invested in bitcoin at the 2021 at 69k then how will he make profit, he takes 4 years to recover even if he made the investment for the long-term. Here is memes for those-

here is one video also
https://twitter.com/naiivememe/status/1783890530952188267

That is a pretty dumb video.. but yeah sure funny at the same time.

There are people who could have had gotten into bitcoin at $69k and then just sat on their hands for the last 2.5 years, which surely that would have been a short-sighted approach, especially if we see that even someone who started investing right around $69k in 2021 would likely be in pretty good profits right now, and even if the person front loaded and bought a whole bitcoin for $69k, but if that same person bought an additional $69k worth of bitcoin since about October 1, 2021 until now (at $500 per week), then he would have had accumulated a total of around 3.2595 (1 + 2.2595) bitcoin and a total of $69* 2= $138k invested (currently valued right around $218k (so nearly 60% higher than the invested amount).. which truly would not be a bad place to be.

[edited out]

The investor will not make profit if he only bought at that price once without buying again until Bitcoin price passes 70k, that is when he can start seeing profit. However, if that investor bought his first bitcoin at 69k and continue to buy regularly weekly or monthly using DCA for four years, even with the current bitcoin price of 66k+ as I am typing this post he would have made profit. This is because he was opportune to also buy bitcoin at the dip of 2022 October, so due to constant buying, his average bitcoin price will be lower and not at 69k anymore.

This is the power of DCA, and that is why it is recommended mostly for beginners or those that are in their accumulation phase. Bitcoin investment is like every normal investment that in the early stage you need to sacrifice a lot to make sure that it stands. This is why I don't get it why people feel bitcoin investment is something they put their money into and expect profit immediately without building it over a long period of time.

Yep exactly.. as my attempt at an example (above).  A person could have started buying BTC at the top and even lump sum invested at the top, and there quite a few different scenarios in which he would still be quite a bit in profits right now based on continuing to invest in BTC, even if he started with a relatively high lump sum investment at the top of the 2021 BTC prices.

[Tmoonz]

[edited out]

On the other hand, a fixed monthly income is of course included in the initial planning to set aside our ability to invest, such as 10% or 5%, for us to invest in bitcoin. If everything can be managed as well as possible, of course the investment we make in Bitcoin will not interfere at all with our expenses or our daily needs.

Even though I understand that you are saying that your bitcoin investment comes from your discretionary income, so it is extra income that you are putting into bitcoin with the hope to be able to both defer gratification and to hopefully improve your life at some future time.

Nonetheless, whether someone invests $10 per week, $100 per week, $1,000 per week or some other amount into bitcoin, the amount that is invested does have potentials to take away from current consumption, depending upon how aggressive the person is in light of his discretionary income.. if he is really wimpy and he is investing only 1-5% or his discretionary income then he is less likely to feel the effects of missing that income that he could have used for current consumption rather than potentially profiting later.  And, of course, if he is investing somewhere close to 100% of his discretionary income, he might be sacrificing driving a nicer car or maybe living in a less luxurious house or maybe going out to eat less (or perhaps not at all), so there could be some current sacrifices and reductions in quality of life based on investing into bitcoin, even though the investment into bitcoin would not be taking away from the basic expenses, yet the investor still chooses what he considers to be basic expenses or not.

I really find this explanation meaningful and informative and i also believe alot will also learn from it because it is very clear and understandable. Am investor decide how much of his aggressiveness towards his investment in terms of how much of his discretional or disposable income he is allocating to his investment by considering what will be his basic expenses ,  it further explained how our discretional income can be increased by considering a certain level of comfort by optioning for things that should really be considered to be a basic needs which will varies individually but however, attenting to increase our discretional income by reducing our expenses in such way that it will not effect negative impact on our living is another way of showing how much aggressive one can be be in his investment or probably increase his float and reserve funds which are also important in our investment journey.

[Samlucky O]

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.

i have seen many comments regarding my response to $50 not a reasonable amount to invest and to set aside for emergency and reserved, and it is causing alot of misconception. I wouldn't have talked about it though but I thought I will explain more better. the thread has explained about Investment and how we can start as little as possible yes it s true any suggestions of anybody about how little they can start up with is fine by them. according to Roseline492 she said that someone who leaves with their parents can be able to invest and have some amount in his discretion because the person is fed by the parents but what if the person is staying alone without his parents? definitely that amount would not be able to withstand everything he is definitely going to sell of his Bitcoin. In actual sense, investment is for mature people who can take care of their bills/ responsibilities and be able to invest in bitcoin and have  discretionary fund and also an emergency fund for a long time horizon and we can not deny that fact. when talking about investing we shouldn't be carried away by how small we feel we can start, but how far we can go continuously with it. we all know bitcoin investment required us to invest either through   DCA, dip and HODL and lump sums trategy. and this $50 amount as a salary is not enough to handle any of this strategy properly and be able to have enough in our discretionary or reserved. how steadily we can be able to maintain the BTC investment time horizon surely depends on our discretion, when your salary can not be able to put a reasonable amount to discretion after family expenditure how can you be able to continue DCA? it may sound somehow to you guys, but believe me in my own understanding I know what am saying I have family I carter for and I know how much money I spend on feeding for my family how much I also set aside for emergency and reserved in weekly so I know what am saying considering the inflation all over the world. though to some countries $50 may be a reasonable amount to withstand all but in my country it is very poor. maybe it surely depends on your own opinion and the value of some countries currency. any way is fine but the main point is that instead of Involing in some investment that will make you sell of you bitcoin HODLing due to the inability to maintain balance ⚖️ between discretion and bitcoin investment, is better not to invest atol. but if you can be able to maintain the balance for longer time horizon then no problem.

Snip

Snip.

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.

It doesn’t really matter how much we start with and all that matters is to invest in bitcoin and gradually we can build our portfolio and accumulate more bitcoin regardless of one’s risk tolerance level.

you seem to be misunderstanding the whole concept of investment. your sudjestion does not speak of a good investor. a good investor doesn't invest blindly without considering the level of his discretion. you can't just start to invest in DCA while you have no plans for discretion. as a matter of fact if you dont have reserved or floats there is no point to invest because you will definitely sell of the rips down the road. when you don't have a reserve to fuel your DCA.

When investing you should try not cross your limits and only invest what you can at a time.

before investing, you must have a focus of a longer time horizon or duration, you must have steady flow income generation that will help you have some reserved fund to be able to DCA weekly and be able to provide for other necessary expenses. and yet you don't feel like you are even investing in bitcoin.

[Zackz5000]

On the one hand, as their Bitcoin holdings increase, on the other hand, their wealth will also increase.

I agree with all of the points of your post, including this one, except you could have worded this part better, since you are suggesting that holding more bitcoin is going to guarantee increased wealth, which truly is not true.  There is no guarantee, including that if someone does all the right things in bitcoin including investing into it as aggressively as he can, without over doing it, and he still might end up in a worse situation than if he had not invested into bitcoin... so surely it is better NOT to consider your bitcoin investment as if it were guaranteed, including communicating to others in a way that suggests that either you believe it is guaranteed or that it is guaranteed - since also you could lose your credibility when you communicate like that... even though many of us likely recognize and appreciate that it is better to invest into bitcoin rather than not investing into bitcoin, especially if we have figured out that we have discretionary income.  The devil is also in the details in regards to either how much or how to go about such investing into bitcoin.

Right. It will happen with those people who made investment from only with the hype when the greed level is high.
If investors weren't aware at least with the basic knowledge then they will definitely face loss even they intend to investment in bitcoin. for example if a person invested in bitcoin at the 2021 at 69k then how will he make profit, he takes 4 years to recover even if he made the investment for the long-term.

The investor will not make profit if he only bought at that price once without buying again until Bitcoin price passes 70k, that is when he can start seeing profit. However, if that investor bought his first bitcoin at 69k and continue to buy regularly weekly or monthly using DCA for four years, even with the current bitcoin price of 66k+ as I am typing this post he would have made profit. This is because he was opportune to also buy bitcoin at the dip of 2022 October, so due to constant buying, his average bitcoin price will be lower and not at 69k anymore.

This is the power of DCA, and that is why it is recommended mostly for beginners or those that are in their accumulation phase. Bitcoin investment is like every normal investment that in the early stage you need to sacrifice a lot to make sure that it stands. This is why I don't get it why people feel bitcoin investment is something they put their money into and expect profit immediately without building it over a long period of time.

Honestly it also marvels me, they always think Bitcoin investment is a get rich quick kind of a thing maybe after they might have heard how people gives good testimony concerning Bitcoin, how Bitcoin has change their life's how they have become multi millionaire through Bitcoin investment and they will forget to ask how this people might have been so rich because of their Bitcoin investment. They never care to know how those giving good testimony about Bitcoin was able to achieve it.
Bitcoin investment is a patient investment because you will accumulate more Bitcoin and HODL for a longer time not just for a year, two or three but 4-10 and above, for Bitcoin investment is for the future. For it is gamblers that will see Bitcoin investment as something they will put money today and become very Rich tomorrow it sounds funny. Bitcoin investment is best sighted for a long term and it requires been patient also having a reserve, float and emergency fund incase of any unforeseen circumstances as so not to sell your Bitcoin hodling at Early stage. Bitcoin is not some kind of tradable coin, for it potentials  is very high to be tradable.

[Dailyscript]

If you are poor and you feel that your monthly income is small for you to invest, just be serious and try to see how you can invest, you will see that if you are serious, you will begin to look into your income and expenses to see how you can squeeze out some extra funds from there, and that is when you will find out that you can have some extra funds in which you can use to invest, or because you are so serious to invest, you will cut down some expenses to have extra cash. Investing helps a poor or average man to have financial management compare to when he is not investing. This is why bitcoin is the best asset that a poor man can invest in as long as he has income, because he can buy bitcoin with little amount based on his own discretionary income.

It is only those that don't have a job or their income cannot take care of their monthly needs that cannot invest in bitcoin only if they look for additional income before they will. I pity for those rich people that don't want to invest in bitcoin because they will regret in the latter.

You have indeed say the right truth. People feel they are poor and they cannot afford to invest but when you look at their daily activities you found out they live lavish lives when they could limit those expenses and channel some money into investment. To be a successful investor one needs to avoid and abstain from certain things thus maintaining discipline. Apart from not having money left to invest there are serious negative effect of alcohol, smoking and other activities' on our investment. If we want to be a successful investor we have to responsible because we would take responsibility of the outcome of our investment. So if we made terrible mistakes along the line of course there will be consequences.

Let me quick refreshing our minds that as an investor these will be the problems we will be facing if we do not avoid some certain habits during our investment. We may thing we have control of out action but its just the intoxication clouding our mind and our judgement;

Hasteful and impaired decision making - Smoking and drinking can cloud our judgment and make us to make decisions impulsively that can affect our Bitcoin investment. It may occur in avoiding security measures or missing out on buying though our strategy, not paying attention to risk management while under the influence of it.

Low on finance - Going to cubs, drinks and drugs can be expensive, which may lead to us tapping into the funds we have kept for allocating into our Bitcoin investment. Many people could say we can use our emergency funds or savings to do them but it is wrong, all these activities are not emergencies.

[Salahmu]

If you are poor and you feel that your monthly income is small for you to invest, just be serious and try to see how you can invest, you will see that if you are serious, you will begin to look into your income and expenses to see how you can squeeze out some extra funds from there, and that is when you will find out that you can have some extra funds in which you can use to invest, or because you are so serious to invest, you will cut down some expenses to have extra cash. Investing helps a poor or average man to have financial management compare to when he is not investing. This is why bitcoin is the best asset that a poor man can invest in as long as he has income, because he can buy bitcoin with little amount based on his own discretionary income.

It is only those that don't have a job or their income cannot take care of their monthly needs that cannot invest in bitcoin only if they look for additional income before they will. I pity for those rich people that don't want to invest in bitcoin because they will regret in the latter.

You have indeed say the right truth. People feel they are poor and they cannot afford to invest but when you look at their daily activities you found out they live lavish lives when they could limit those expenses and channel some money into investment. To be a successful investor one needs to avoid and abstain from certain things thus maintaining discipline. Apart from not having money left to invest there are serious negative effect of alcohol, smoking and other activities' on our investment.

Yeah that's true because is actually what most of the people who are poor normally feel when the fact is that their is no limits to the amount of Bitcoin they can possibly accumulate in the future through the little they have with consistent accumulation, however their is a possibility that those that even claim to be poor use to spend a lot of money on gambling, partying and spending too much on drinking, so if perhaps they could use some of those money to start investment it will do them more good because if we consider or sum the total money they normally spent on gambling it could be enough to start a weekly or monthly accumulation of Bitcoin but however is quite unfortunate that most people do not realize how much they are spending on the things that doesn't add value to their lives while their are more other opportunity they could diversify those money.

[laijsica]

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.

Waiting to have a better financial situation might never work out cause as you try to get more income yoir expenses might also increase along the way, so it best to get started buying bitcoin with how ever little that you can and then you can go about increasing your income to have more disposable income, but the size of our disposable income is not all about Income, although it plays a role, I think having a good cashflow management would be help you create more discretionary income for your self, for instance I could be earning up to 100$ per week and I am able to control my expenses and leave an extra 50$ as a discretionary income while someone earning up to 200$ can not even have that amount after his expenses has been done, and this could be due to having debt or spending too much on other activities or a poor cashflow management. So yeah we should also build ourselves to get better at improving the way we manage our income.

Yes, I go with what you said. We do not need to first get a full tummy before wanting to invest in Bitcoin, everything goes gradually that raises the need for why we choose to DCA. How good or bad an economy is at that moment plays a significant role on the amount of funds to be invested, a bad economy also means a poor investment but in that case dose not limit us from investing no matter how little it is, by DCAING we tend to build wealth with time.

The bigger a persons income, the bigger his expenses so it is very difficult to get more than enough left over funds. Managing what we have and investing as much as we can afford.

Bitcoin holding definitely requires money but only having money doesn't make holding if the person doesn't make any good start. I think people's decisions are more important than money. There are many wealthy people who do not have a little bit of Bitcoin under their control, but people with ordinary incomes are also aware of the benefits of Bitcoin, they try to keep a little money from their hard-earned money and invest it in Bitcoin. That person may have less investment but better than the wealthy person. Everyone who is doing DCA is slowly moving towards their goal. On the one hand, as their Bitcoin holdings increase, on the other hand, their wealth will also increase.

It is important to have a good start to hold BTC because a person with a lot of money is more likely to lose money if he fails to determine his investment strategy at the beginning. If he wants to invest a handful in the beginning due to value considerations, it may be that bullish season is going on at that time, he may lose enthusiasm or consider investing differently. In that case he may be advised to follow the DCA method as if he can start accumulating BTC through this method  maybe he will wish to invest more later. When experiencing a bearish season he can gradually increase his BTC accumulation by following his DCA.
This method is not only rich but people of any income can start to accumulate BTC. DCA is accepted as a universal method. Uninterrupted and consistent management can greatly benefit him in the future as his stash size increases. Of course it is important to take care of the holding.

[Reredmi896]

Not everyone can afford to invest in BTC, due to lack of capital 

There is an important distinction related to the point that you seem to be wanting to make, which seems to be that you are missing some nuance in regards to what makes a person able or unable to invest.

There is some correctness that if a person lacks capital, then he may well not be able to invest into bitcoin or anything else, yet the more important point would be that a person's ability to invest in bitcoin or anything else relates to the extent to which he has discretionary income.   

So in that sense there is no requirement that anyone has any capital at all in order to invest into bitcoin, and so the main requirement is that a person has discretionary income - and sure, a person who has a lot of capital may well be able to invest into bitcoin by moving his capital from certain kinds of assets into bitcoin, so there could be exceptions to any proclamation - even though we already know that it is not required to have any capital to invest into bitcoin so long as you have discretionary, even though having capital could be another way to establish an investment into bitcoin.

but at least if you want and want to why not, and I agree with what you said about the DCA method which is intended for these people.

So are you admitting that there is no need for capital to invest into bitcoin?

But isn't it better to collect money first for some people who are unlucky or whose jobs are below minimum wage.

With something like bitcoin, many times it is better to get started as soon as possible, especially once you have figured out that you have discretionary income.   

Now you might have a lot of messiness in your cashflows and your psychology, so you may well need to get some of those things in order, yet I would not presume that it mis necessary to get your finances and psychology in order prior to getting started in your investment into bitcoin, unless your situation happens to be so bad that you are not even able to figure out with any level of confidence whether you actually have discretionary income or not. 

Even though a large number of people might have a lot of complications in their finances and perhaps even lacking in their abilities to manage their finances very well.  Most likely an overwhelming number of folks should be able to tell you wether they have $100 per week or maybe $10 per week that they would be able to spare or throw away (meaning that it is extra and not needed to cover their expenses).    When folks have really small amounts of extra income and a lot of disorganization in their finances, it is likely more important that they start out more slowly and that they also spend time getting their shit figured out, but that still may well not justify waiting rather than getting started right away with some small amount of discretionary income that can be figured out. 

If there is no way to establish the existence of discretionary income, then those people need to make sure that they have discretionary income before they can start to invest into bitcoin.

Because if they try to invest even if it's only a little bit of what they can afford, wouldn't it hamper their finances more

Yes... if they have figured out that they actually do not have discretionary, then the should not be investing into bitcoin, because if they were to do that they would be gambling rather than investing.  They need to be able to put the money into bitcoin and have a certain level of confidence that they are not going to need such money for 4-10 years or longer and also understand the risk that the amount that they put in could go to zero (meaning they could lose up to 100% of the amount that they put into bitcoin, so they have to be ready, willing and able to accept that possibility, and if they are not able to do that, then their finances and psychology is not ready to invest into bitcoin).

, and would it be more risky for their own lives, because investing is not far from the risks they will face. Isn't it better to be slow but sure to minimize something that is not wanted?

No it is not better to be slow.  It is better to figure your shit out, and either you have disposable income or not.  If you have disposable income, then it is better to get started investing into bitcoin as soon as possible and figure out some kind of a system. 

Otherwise, if you figured out that you either do not have disposable income, then you should realize that you are not able to invest into bitcoin until you are sure that you have disposable income and then you can ONLY invest into bitcoin up to 100% of the amount of your disposable income, but if you are not sure if you have disposable income then you cannot invest into bitcoin.  I would not call that waiting, but instead you either have disposable income or you do not, and if you do not have it you cannot (or should not) be investing into bitcoin, and if you are not sure if you have disposable income or not, then you are likely in the same situation of not having it.. because you need to be clear that you actually have disposable income in order to invest into bitcoin, otherwise you are gambling and not investing.

It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come, I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.

[Sim_card]

Not everyone can afford to invest in BTC, due to lack of capital 

There is an important distinction related to the point that you seem to be wanting to make, which seems to be that you are missing some nuance in regards to what makes a person able or unable to invest.

There is some correctness that if a person lacks capital, then he may well not be able to invest into bitcoin or anything else, yet the more important point would be that a person's ability to invest in bitcoin or anything else relates to the extent to which he has discretionary income.   

So in that sense there is no requirement that anyone has any capital at all in order to invest into bitcoin, and so the main requirement is that a person has discretionary income - and sure, a person who has a lot of capital may well be able to invest into bitcoin by moving his capital from certain kinds of assets into bitcoin, so there could be exceptions to any proclamation - even though we already know that it is not required to have any capital to invest into bitcoin so long as you have discretionary, even though having capital could be another way to establish an investment into bitcoin.

but at least if you want and want to why not, and I agree with what you said about the DCA method which is intended for these people.

So are you admitting that there is no need for capital to invest into bitcoin?

But isn't it better to collect money first for some people who are unlucky or whose jobs are below minimum wage.

With something like bitcoin, many times it is better to get started as soon as possible, especially once you have figured out that you have discretionary income.   

Now you might have a lot of messiness in your cashflows and your psychology, so you may well need to get some of those things in order, yet I would not presume that it mis necessary to get your finances and psychology in order prior to getting started in your investment into bitcoin, unless your situation happens to be so bad that you are not even able to figure out with any level of confidence whether you actually have discretionary income or not. 

Even though a large number of people might have a lot of complications in their finances and perhaps even lacking in their abilities to manage their finances very well.  Most likely an overwhelming number of folks should be able to tell you wether they have $100 per week or maybe $10 per week that they would be able to spare or throw away (meaning that it is extra and not needed to cover their expenses).    When folks have really small amounts of extra income and a lot of disorganization in their finances, it is likely more important that they start out more slowly and that they also spend time getting their shit figured out, but that still may well not justify waiting rather than getting started right away with some small amount of discretionary income that can be figured out. 

If there is no way to establish the existence of discretionary income, then those people need to make sure that they have discretionary income before they can start to invest into bitcoin.

Because if they try to invest even if it's only a little bit of what they can afford, wouldn't it hamper their finances more

Yes... if they have figured out that they actually do not have discretionary, then the should not be investing into bitcoin, because if they were to do that they would be gambling rather than investing.  They need to be able to put the money into bitcoin and have a certain level of confidence that they are not going to need such money for 4-10 years or longer and also understand the risk that the amount that they put in could go to zero (meaning they could lose up to 100% of the amount that they put into bitcoin, so they have to be ready, willing and able to accept that possibility, and if they are not able to do that, then their finances and psychology is not ready to invest into bitcoin).

, and would it be more risky for their own lives, because investing is not far from the risks they will face. Isn't it better to be slow but sure to minimize something that is not wanted?

No it is not better to be slow.  It is better to figure your shit out, and either you have disposable income or not.  If you have disposable income, then it is better to get started investing into bitcoin as soon as possible and figure out some kind of a system. 

Otherwise, if you figured out that you either do not have disposable income, then you should realize that you are not able to invest into bitcoin until you are sure that you have disposable income and then you can ONLY invest into bitcoin up to 100% of the amount of your disposable income, but if you are not sure if you have disposable income then you cannot invest into bitcoin.  I would not call that waiting, but instead you either have disposable income or you do not, and if you do not have it you cannot (or should not) be investing into bitcoin, and if you are not sure if you have disposable income or not, then you are likely in the same situation of not having it.. because you need to be clear that you actually have disposable income in order to invest into bitcoin, otherwise you are gambling and not investing.

It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

Why are you finding it difficult to understand all the explanation that JJG said. Bitcoin investment is not like other investment that you need to get a capital before you can invest, as long as you have income and from your income, you can have a discretionary income from there. That is the money that you need to start your bitcoin investment. Meaning the little amount of money that you want to be saving for it to pile up, which you see as capital, is what you need to start investing in bitcoin immediately, instead of waiting and gathering it to a big amount. It is better instead of gathering those money to a big amount which you call capital, you should not keep it to pile up in fiat but pile it up in bitcoin by buying regularly weekly or monthly. It is other investment like gold, real estate and others that you need capital to invest.

If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come, I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.

You don't get the point why you need to get started when you have the money, this is because you are already late to bitcoin and starting to invest now that the price is at 67k+ means you need to buy aggressively, if possible in order for you to have a good quantity of bitcoin in a short time as long as you are not overdoing it. Even people who cannot invest aggressively but continue to invest with their DCA consistently and persistently weekly or monthly sti have a very long way to go before they can have a good quantity of bitcoin based on their discretionary income compare to those who was able to buy aggressively overtime.

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money.

[promise444c5]

before investing, you must have a focus of a longer time horizon or duration, you must have steady flow income generation that will help you have some reserved fund to be able to DCA weekly and be able to provide for other necessary expenses. and yet you don't feel like you are even investing in bitcoin.

We must all understand that investment using the DCA strategy is normally a flexible form of investment, normally meant to be done with no really a specific amount but inview of capital at hand for investment doing it atonce and topping or withdrawal(either a little percentage  or higher percentage and even total) could be done.
However, considering bitcoin investment as a long-term investment with ups and downs without neglecting the volatility, the DCA strategy was brought up to give flexibility in investment either your capital is high or low does not matter so fat you are going to be holding for a long period of time and with this,even high capitals could be invested on an interval basis giving the advantage to balance the investment in terms of its ups and downs ( this can only be achieved over a long period).

Now having a steady inflow or not should not affect your emergency fund, although having a steady inflow is good advice what about those who want to invest but have no steady inflow....
There's only one way for them to secure their emergency fund which is still the DCA strategy  but it could be done in a way to break  out of investment into emergency  
For example
If I'm used to investing $300(taking correction) a week and this left me with little emergency funds then I could set a week or two out of a month for my emergency, during those two weeks I could cut $200 into my emergency fund instead of adding all to my stash...
Thus if there are enough emergency funds then I could divert it all into my accumulations during these Emergency Week.
This strategy should also work with x<300(taking x as investment) even below hundred  

[cxtreenal]

If you are poor and you feel that your monthly income is small for you to invest, just be serious and try to see how you can invest, you will see that if you are serious, you will begin to look into your income and expenses to see how you can squeeze out some extra funds from there, and that is when you will find out that you can have some extra funds in which you can use to invest, or because you are so serious to invest, you will cut down some expenses to have extra cash. Investing helps a poor or average man to have financial management compare to when he is not investing. This is why bitcoin is the best asset that a poor man can invest in as long as he has income, because he can buy bitcoin with little amount based on his own discretionary income.

It is only those that don't have a job or their income cannot take care of their monthly needs that cannot invest in bitcoin only if they look for additional income before they will. I pity for those rich people that don't want to invest in bitcoin because they will regret in the latter.

You have indeed say the right truth. People feel they are poor and they cannot afford to invest but when you look at their daily activities you found out they live lavish lives when they could limit those expenses and channel some money into investment. To be a successful investor one needs to avoid and abstain from certain things thus maintaining discipline. Apart from not having money left to invest there are serious negative effect of alcohol, smoking and other activities' on our investment.

Yeah that's true because is actually what most of the people who are poor normally feel when the fact is that their is no limits to the amount of Bitcoin they can possibly accumulate in the future through the little they have with consistent accumulation, however their is a possibility that those that even claim to be poor use to spend a lot of money on gambling, partying and spending too much on drinking, so if perhaps they could use some of those money to start investment it will do them more good because if we consider or sum the total money they normally spent on gambling it could be enough to start a weekly or monthly accumulation of Bitcoin but however is quite unfortunate that most people do not realize how much they are spending on the things that doesn't add value to their lives while their are more other opportunity they could diversify those money.

If poor people take a small amount of their minimum income as a strategy to accumulate bitcoins through DCA investment, it is possible to make a small profit at the end of the year. At the same time his special experience about DCA increased and gradually attracted investment.
Your idea that poor people waste money partying or drinking is not correct. In fact, many of the poor are so poor that they have to struggle to get enough food for themselves. However, there are classifications among the poor and as you describe there are many poor who are intentionally poor and have no say in reality. But awareness must be raised that habit of depositing bitcoins through DCA strategy needs to be developed to improve their fortunes and above all for the family.

[Tmoonz]

If you are poor and you feel that your monthly income is small for you to invest, just be serious and try to see how you can invest, you will see that if you are serious, you will begin to look into your income and expenses to see how you can squeeze out some extra funds from there, and that is when you will find out that you can have some extra funds in which you can use to invest, or because you are so serious to invest, you will cut down some expenses to have extra cash. Investing helps a poor or average man to have financial management compare to when he is not investing. This is why bitcoin is the best asset that a poor man can invest in as long as he has income, because he can buy bitcoin with little amount based on his own discretionary income.

It is only those that don't have a job or their income cannot take care of their monthly needs that cannot invest in bitcoin only if they look for additional income before they will. I pity for those rich people that don't want to invest in bitcoin because they will regret in the latter.

You have indeed say the right truth. People feel they are poor and they cannot afford to invest but when you look at their daily activities you found out they live lavish lives when they could limit those expenses and channel some money into investment. To be a successful investor one needs to avoid and abstain from certain things thus maintaining discipline. Apart from not having money left to invest there are serious negative effect of alcohol, smoking and other activities' on our investment.

Yeah that's true because is actually what most of the people who are poor normally feel when the fact is that their is no limits to the amount of Bitcoin they can possibly accumulate in the future through the little they have with consistent accumulation, however their is a possibility that those that even claim to be poor use to spend a lot of money on gambling, partying and spending too much on drinking, so if perhaps they could use some of those money to start investment it will do them more good because if we consider or sum the total money they normally spent on gambling it could be enough to start a weekly or monthly accumulation of Bitcoin but however is quite unfortunate that most people do not realize how much they are spending on the things that doesn't add value to their lives while their are more other opportunity they could diversify those money.

If poor people take a small amount of their minimum income as a strategy to accumulate bitcoins through DCA investment, it is possible to make a small profit at the end of the year. At the same time his special experience about DCA increased and gradually attracted investment.
Your idea that poor people waste money partying or drinking is not correct. In fact, many of the poor are so poor that they have to struggle to get enough food for themselves. However, there are classifications among the poor and as you describe there are many poor who are intentionally poor and have no say in reality. But awareness must be raised that habit of depositing bitcoins through DCA strategy needs to be developed to improve their fortunes and above all for the family.

 Such strategy is more like a trading strategy with the aim of maximizing profits within a short period of time ( one year is such a short duration) A poor man must understand how much of his discretional or disposable income after taking care of his personal needs and a provisional emergency funds before he can invest in Bitcoin, for any one to invest you must have an income that is greater than your expenses in order to be able to invest and if you don't have such access then you are gambling rather investing. However one year could be a very short duration for any poor man accumulating Bitcoin true the dca to arrive at a good size of Bitcoin and as well ever considering seeing a profit within such a short period of time and that can be as well be seen as trading for short term profits rather than investing and could be a very wrong misleading approach, for Bitcoin is best performed when viewed on a long term perspective of about 4 to 10 years or more where you can possibly have the compounded value of your investment although there is no guarantee but let clarification be made as we are all here to learn form each other. And talking about profits in terms of 1 year investment can be very off topic let alone subjecting it to a poor man as the thread of discussion is based on a long term Bitcoin investment plan of about 4 to 10 years or more by utilizing various strategies and opportunities that that shows it's self in the market in order to accumulate a good size of Bitcoin up to a reasonable amount.

[Hoximen7]

Not everyone can afford to invest in BTC, due to lack of capital 

There is an important distinction related to the point that you seem to be wanting to make, which seems to be that you are missing some nuance in regards to what makes a person able or unable to invest.

There is some correctness that if a person lacks capital, then he may well not be able to invest into bitcoin or anything else, yet the more important point would be that a person's ability to invest in bitcoin or anything else relates to the extent to which he has discretionary income.   

So in that sense there is no requirement that anyone has any capital at all in order to invest into bitcoin, and so the main requirement is that a person has discretionary income - and sure, a person who has a lot of capital may well be able to invest into bitcoin by moving his capital from certain kinds of assets into bitcoin, so there could be exceptions to any proclamation - even though we already know that it is not required to have any capital to invest into bitcoin so long as you have discretionary, even though having capital could be another way to establish an investment into bitcoin.

but at least if you want and want to why not, and I agree with what you said about the DCA method which is intended for these people.

So are you admitting that there is no need for capital to invest into bitcoin?

But isn't it better to collect money first for some people who are unlucky or whose jobs are below minimum wage.

With something like bitcoin, many times it is better to get started as soon as possible, especially once you have figured out that you have discretionary income.   

Now you might have a lot of messiness in your cashflows and your psychology, so you may well need to get some of those things in order, yet I would not presume that it mis necessary to get your finances and psychology in order prior to getting started in your investment into bitcoin, unless your situation happens to be so bad that you are not even able to figure out with any level of confidence whether you actually have discretionary income or not. 

Even though a large number of people might have a lot of complications in their finances and perhaps even lacking in their abilities to manage their finances very well.  Most likely an overwhelming number of folks should be able to tell you wether they have $100 per week or maybe $10 per week that they would be able to spare or throw away (meaning that it is extra and not needed to cover their expenses).    When folks have really small amounts of extra income and a lot of disorganization in their finances, it is likely more important that they start out more slowly and that they also spend time getting their shit figured out, but that still may well not justify waiting rather than getting started right away with some small amount of discretionary income that can be figured out. 

If there is no way to establish the existence of discretionary income, then those people need to make sure that they have discretionary income before they can start to invest into bitcoin.

Because if they try to invest even if it's only a little bit of what they can afford, wouldn't it hamper their finances more

Yes... if they have figured out that they actually do not have discretionary, then the should not be investing into bitcoin, because if they were to do that they would be gambling rather than investing.  They need to be able to put the money into bitcoin and have a certain level of confidence that they are not going to need such money for 4-10 years or longer and also understand the risk that the amount that they put in could go to zero (meaning they could lose up to 100% of the amount that they put into bitcoin, so they have to be ready, willing and able to accept that possibility, and if they are not able to do that, then their finances and psychology is not ready to invest into bitcoin).

, and would it be more risky for their own lives, because investing is not far from the risks they will face. Isn't it better to be slow but sure to minimize something that is not wanted?

No it is not better to be slow.  It is better to figure your shit out, and either you have disposable income or not.  If you have disposable income, then it is better to get started investing into bitcoin as soon as possible and figure out some kind of a system. 

Otherwise, if you figured out that you either do not have disposable income, then you should realize that you are not able to invest into bitcoin until you are sure that you have disposable income and then you can ONLY invest into bitcoin up to 100% of the amount of your disposable income, but if you are not sure if you have disposable income then you cannot invest into bitcoin.  I would not call that waiting, but instead you either have disposable income or you do not, and if you do not have it you cannot (or should not) be investing into bitcoin, and if you are not sure if you have disposable income or not, then you are likely in the same situation of not having it.. because you need to be clear that you actually have disposable income in order to invest into bitcoin, otherwise you are gambling and not investing.

It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

Why are you finding it difficult to understand all the explanation that JJG said. Bitcoin investment is not like other investment that you need to get a capital before you can invest, as long as you have income and from your income, you can have a discretionary income from there. That is the money that you need to start your bitcoin investment. Meaning the little amount of money that you want to be saving for it to pile up, which you see as capital, is what you need to start investing in bitcoin immediately, instead of waiting and gathering it to a big amount. It is better instead of gathering those money to a big amount which you call capital, you should not keep it to pile up in fiat but pile it up in bitcoin by buying regularly weekly or monthly. It is other investment like gold, real estate and others that you need capital to invest.

If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come, I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.

You don't get the point why you need to get started when you have the money, this is because you are already late to bitcoin and starting to invest now that the price is at 67k+ means you need to buy aggressively, if possible in order for you to have a good quantity of bitcoin in a short time as long as you are not overdoing it. Even people who cannot invest aggressively but continue to invest with their DCA consistently and persistently weekly or monthly sti have a very long way to go before they can have a good quantity of bitcoin based on their discretionary income compare to those who was able to buy aggressively overtime.

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money.

Maybe that's his method in conceptualizing the investment he's going to run and the risks he's going to take. In terms of investing there are so many ways that everyone will be different in carrying out the concept, and the goal is the same to seek profit in investing. in this case after I read @reredmi's post he tried to collect money first for the beginning he was going to invest, maybe because his income was low, but I can't confirm that or guess what he wants, I think he will get a lot of risks if he starts investing with that concept.

[Falconer]

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I sometimes feel that everyone who hears something about cryptocurrencies will search for the next thing that he or she believes will explode 10000x. It is the feeling that they missed the train and now find themselves hunting that one coin nobody else knows about. In other words, probably 90% of new investors decide against going down the solid route and DCA into Bitcoin overtime right from the start.

The worst is when you get into hopping from Bitcoin into shit coins and try to do that repeatedly, hoping to double your money. In the very, very beginning I have given some shit coins a shot and while it is exciting to see some of them go up, the markets for them very quickly dry out or some of the "dev wallets" get flash dumped and you are screwed.

Yes, I quite understand it, and of course you have explained it well.
There are several common reasons why some new investors own altcoin compared to bitcoin, one of which is that the price of bitcoin is very expensive compared to altcoin price.

They seem eager to buy a lot (meme or otherwise) that they find profitable, but at the same time they fail to understand that bitcoin can also give them returns if they know how to manage their investment budget. As mentioned, DCA will help them earn more bitcoin over time, but their big ambition for altcoin profit mean some of them don't want bitcoin in their portfolio.

The proof lies in the data for Bitcoin. There are threads that explain in a very solid way where somebody would be if they had investors X amount over time in a certain interval. It is mind-blowing and only in hindsight do more people understand how powerful DCAing would have actually been for them even with small amounts.

Of course DCA is good and would be better if used consistently for accumulation.