Smilevictorobinna
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Activity: 56
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May 24, 2024, 11:37:02 AM Merited by JayJuanGee (1) |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. You don't really need to know everything before you invest in Bitcoin, you only need the basic knowledge and good investment goals, it is not stamped that newbies must invest have all Bitcoin knowledge before investing. And I must say investing in shorterm and longterm is based on the investor understanding about Bitcoin, op you should know that Bitcoin is not get rich quick investment that's why the good investment plan for Bitcoin is long-term, during this long term an investor would have been conversant with the system, many events will take place and after that he will not see fluntuation of Bitcoin price as a threat to his portfolio, then he will wait for the profitable moment to come. The right time to invest in Bitcoin is when you are financially and mentally ready irrespective of the price at that moment, you plan by having extra hustle and emergency funds for yourself so that once you invest you won't be tempted to withdraw prematurely, you follow-up your Bitcoin investment using a good non custodian wallet to hold your Bitcoin, know your passphrase and keys and save it personally so that you won't lose your Bitcoin temporally or permanently.
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bitLeap
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May 24, 2024, 11:41:44 AM |
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From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Understanding price movements in the market is very important not only for traders but investors must also do this so they can enter at the right moment and maximize long-term profits. Many beginners often miss this point, just because investing they don't feel the need for price movements in the market, they prioritize buying, buying and buying. There's nothing wrong with that, but in terms of learning, the point of studying price movements will be very useful, if it concerns long-term investments so that we don't just buy anything. Always calculating, investors who are good at taking advantage of opportunities are those who understand market movements both when buying and when selling.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Stablexcoin
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. I think you misunderstand Troytech here. He never said anyone should hurry up and buy Bitcoin. Read again, Basic knowledge, and standard knowledge are two different things. When you said basic knowledge it is what a beginner needs to know after having the idea of investing in Bitcoin. It includes how to store their coins properly and the strategies and theories regarding Bitcoin investment in general. Standard knowledge of Bitcoin includes understanding Bitcoin in all areas, which involves the theoretical and technical parts of the blockchain. Which I agree with him that for a beginner basic knowledge is only required to start investing, the most important thing is to know how to start investing, how to keep your coins safe, and how to ignore risk during our investment processes. The research you mentioned falls under basic knowledge and not standard knowledge. let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.
I know this question is not for me but let me give you a quick answer. There is no specific best time to accumulate Bitcoin. At all seasons an investor can stack bitcoin as long as he has the basic knowledge to hold his funds. Once we have gained knowledge of Bitcoin we understand how the investment works the investment begins. Now we can still afford to buy Bitcoin with our little earnings it is a good time no matter the season we are in.
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Dorkylickjj
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May 24, 2024, 11:53:53 AM Merited by JayJuanGee (1) |
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Edited out
Edited out Edited out
Edited out Gaining knowledge before going into any investment is very important, without knowing the basics of an investment before going into it can amount to failure, also taking hasty decisions before involving in any monetary ventures is a danger and can make the person to lose their investment funds. Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works. I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or keep hodling. I tend to disagree, a new investors doesn't have to know about bull run and bear run to be able to invest or buy bitcoin neither would it amount to helping him out in any way if he knows it, the only thign he needs to know about is to buy bitcoin. You seem to driving much towards early profit which is of no concern to someone just starting out his investment, his major concern would be how he should accumulate more bitcoin and nor making short term profits, in this thread we habe already come to a observed conclusion that long term investment is safer and better than short term investment and the term buy the dip and hold has nothing to do with what you said, everytime is the best time to buy bitcoin and not only during dips, and that is the disadvantage is you won't accumulate bitcoin except during dips, its dar better to use the Dca strategy cause you would be accumulating Bitcoin in every market condition and worry less about market volatility.
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Troytech
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May 24, 2024, 11:59:21 AM Last edit: May 24, 2024, 01:51:22 PM by Troytech Merited by JayJuanGee (1) |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Yes the most important thign is getting started, but at least I know that a newbie needs to know how to buy bitcoin and how to keep his seed phrase which are very basic knowledge that can be learnt in hours, but you on the other hand are insinuating that someone needs to take time to study bitcoin and understand it well which is so not important that could take years to fully understand the working of bitcoin, you are also taking about knowing when it's the best time to buy, every time is the best time to buy bitcoin both bearish and bull alike and a newbie can easily do that with the DCA strategy which we have talked about here before DCA is a method that involves dividing your capital into parts and investing on intervals, you can also decide to allocate part of discretionary income to buying bitcoin as you are paid weekly or monthly., a newbie has less to worry about having profits at first but instead should be talking more about accumulating more Bitcoin for himself. A beginner doesn't have anything to do with understanding chart movements this are not Important thigns to know, you seem to be misunderstanding investing for trading cause all your examples point to trading rather than long term investment, Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works.
I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or kee hodling.
Your wrong a newbie doesn't need to know what triggers price pump or dump, all he needs to know is how to buy bitcoin to get started, I can agree that a newbie can be conservative on how he buys bitcoin since he isnt very knowledgeable on how to balance thigns out, but any advice that involves waiting is wrong, every other aspect can be learnt as continues his investment. Your second paragraph contradicts itself, there isn't any best time to buy bitcoin, every time is good to buy bitcoin especially for newbies who are just starting out, they don't need to wait for dips dip before buying that's why DCA strategy precedes other method for newbies. Your also referring to buying low and selling high, that is trading and not investment, bitcoin investment should be for the long term and not short term.
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Rabata
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May 24, 2024, 12:13:09 PM |
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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
Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin. Even if you don't have a fixed income in Bitcoin investment, you can continue investing in this platform. Because the DCA strategy will show you the way to hold Bitcoin according to your income even a low income person can deposit a small amount of their income in Bitcoin. However, in general those who can regularly hold higher amounts are likely to receive higher rewards. Holding an investment in a stable coin has no chance of getting more than just the deposit in the future but when one holds one's wealth in Bitcoin it may not pay well in the short term but it will definitely turn into an asset in the long term.
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Dailyscript
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May 24, 2024, 12:54:45 PM |
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From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Understanding price movements in the market is very important not only for traders but investors must also do this so they can enter at the right moment and maximize long-term profits. Many beginners often miss this point, just because investing they don't feel the need for price movements in the market, they prioritize buying, buying and buying. There's nothing wrong with that, but in terms of learning, the point of studying price movements will be very useful, if it concerns long-term investments so that we don't just buy anything. Always calculating, investors who are good at taking advantage of opportunities are those who understand market movements both when buying and when selling. I disagree with you here. One thing i have leant this past few years and i have come to a conclusion is that tying to understand the price movement of bitcoin is never as important as ignoring it. If the goal is to hold an investment for long term, then it is a criteria to ignore what would be the price of bitcoin today, tomorrow or the coming week but to keep buying through our preferred strategy. Timing the market is for short term and quick gains which is not the topic of discussion here. We are emphasizing on buying every dip and buying consistently. All prices are updated on real time based on the supply and demand of bitcoin. If we choose to focus on the market an investor may end up not buying at all. Indeed bitcoin is truly a free a market and every investor has their free will to invest and maintain their investment the way they feel is the right way. Other suggestion and advice may feel like opinions, at last is our convictions that we choose to exact action on. But it is certain that every investor we always take responsibility of the actions during our investment.
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avp2306
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May 24, 2024, 01:08:47 PM |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. I don't also get the point on why they should rush to invest on bitcoin since they might fall taking bad decision if they didn't planned well their accumulation and think about that they might come up late. As an investor you really need to consider first what is your potential plan to do and there's should be good budget plan so to avoid any bad complication on each investment choices they make. But on investment or accumulation discussion well I think there's nothing wrong to buy at what price or situation,condition or maybe even anything that you consider since the main point is to accumulate. At some point there's no need to worry about the prices since the main goal here is to increase your investment volume since you are preparing for something big in future. Taking consideration on the price when its peak is somehow not really a big thing if you are a holder since you will not sell for short term, so if there's a correction happens then we could just continue our accumulation then proceed to something that's more beneficial to us.
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Bravut
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May 24, 2024, 01:14:06 PM |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Yes the most important thign is getting started, but at least I know that a newbie needs to know how to buy bitcoin and how to keep his seed phrase which are very basic knowledge that can be learnt in hours, but you on the other hand are insinuating that someone needs to take time to study bitcoin and understand it well which is so not important that could take years to fully understand the working of bitcoin, you should also taking about knowing when it's the best time to buy, eventide is the best time to buy, a newbie has less to worry about having profits at first but instead should be talking more about accumulating more Bitcoin for himself. A beginner doesn't have anything to do with understanding chart movements this are not Important thigns to know, you seem to be misunderstanding investing for trading cause all your examples point to trading rather than long term investment, One don't need to be newbie or beginner, even as individuals we already understand cashflow system which in a simple word is how we spend and use our money, the complication we attach to it isn't worth. Merely knowing how to buy and where to store doesn't make any guarantee that such person has basic knowledge or should start investing in Bitcoin. In as much as procrastination, waiting isn't a move for investing, everyone need understand firstly what investing in an asset is such like Bitcoin, there comes how to go about it which is DCAing with a certain amount he/she can afford without stress and willing to lose to accumulate Bitcoin within a timeframe convenient for such person, lastly accepting whatever outcome that's the bold step. That's is the process, of which we are following and newbies should. How can one make move for investing without understanding risk involved, this is solely the reason many are crying because of such impression of which they become liquidity for others. I don't seem to understand any other attachment to this, which is complicating. Overtime the Bitcoin Market dynamics begin to unfold and get more easier to understand.
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promise444c5
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Keep Promises !
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May 24, 2024, 01:27:14 PM |
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What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management. So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works. I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.
While I agree to you in most of what you've said but learning how to invest in Bitcoin isn't just all about how to invest and how Bitcoin works. There's so much they need to learn but I don't want to complicate it because they'd come by to that once they're already in. Like how to protect themselves from potential scams and phishing, so knowing the volatility of Bitcoin which is included on how BTC works but all of those will be learned by the newbies once they have allotted money on BTC already. Exactly!! There's alot to learn in bitcoin, it's just that people complicates basic things .. I like the word "VOLATILITY" that you added and I beleive the only way to understand it is by experiencing and to be on a safer side while you understand it then you must be willing to HOLD using a strategy to keep you on a safer side and its being repeatedly emphasize on almost every comment DCA... There's alot attached to bitcoin that will be learned while investing so stop waiting and push the damn Buy button ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) it should be a task to beginners to ask such questions, because for me I know quite well that you want to become successful you most ask others the pathway that makes them to be successful, so I know very well that what makes people to join bitcoin investment without making research is out of desperation, while is good to advantages and the disadvantages of something you wants to venture into it before you enroll yourself.
Yes!! from what I bold I wasn't directing the question to you actually I only picked the word Observe as in observing the market which I only see it as a way for short term investment
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Miles2006
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May 24, 2024, 01:31:34 PM Last edit: May 24, 2024, 01:55:39 PM by Miles2006 Merited by JayJuanGee (1) |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?. I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. I understand your point here but the problem is no one can acquire every knowledge about bitcoin at once, I’m trying to understand because learning never ends so if any investor should wait and learn first before investing I believe the investor will take so much time learning meanwhile the market wait for no one. At that early stage I believe an investor knowledge shouldn’t be channelled to bearish and bull market because all this can get confusing and complicated during the early stage secondly from my perspective there’s no special time set for accumulating bitcoin rather anyone can buy and hold at anytime, the reason why people always want the dip is because an investor can accumulate more and easily build their investment due to the decline, waiting is not right. During the early stage no investor should go excess aggressive or being in a hurry as you mentioned as learning and accumulating can be done gradually, all what an investor need is a right planning and the amount set to accumulate weekly.
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Tmoonz
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May 24, 2024, 01:58:37 PM Last edit: May 24, 2024, 02:34:25 PM by Tmoonz Merited by JayJuanGee (1) |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well.. let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. I would love to say that, your naratives talk more of being knowledgeable about Bitcoin technical analysis before starting up your investment, you don't need such criteria before starting your Bitcoin investment, with dca strategy you are already in the market irrespective of the price point in order to mitigate the price fluctuations while figuring out other things to learn, having a long term plan doesn't requires much of understanding the market dynamics before investing. One of the beauty of the dca strategy is that it is gives room for unexperienced person to be in the market and gain experience. Bitcoin is best performed when viewed on the long term, the best time to accumulate Bitcoin has always been when the money is readily available for investment irrespective of the market conditions whether bear or bull season, any time you buy doesn't make much of the difference if the intention is to hold for long term.
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teamsherry
Member
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Bitvest.io★ Play Plinko or Invest!
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May 24, 2024, 02:36:30 PM Merited by JayJuanGee (1) |
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[edited out]
Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously. It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble. Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations. I agree with you on this, just saying we would invest an amount can put us in trouble and in most cases you could end up struggling to meet up to the amount, so it's better to make those decisions based on your discretionary income alone, prioritising bitcoin investment doesn't mean you should over do it or invest all your income into it but rather it should mean that you allocate more from your discretionary income to it or chunk down other expenses to increase your discretionary si that you can get more bitcoin and at the expense of your well-being. Thete are also some expenses that cannot be neglected, so I'll preferably recommend expenses on enjoyments can be best reduced for bitcoin.
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Mayor of ogba
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May 24, 2024, 04:47:48 PM Merited by JayJuanGee (1) |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first. First of all, this thread is about buying the dip, and hodl. Your suggestion is only for the people who are in bitcoin investment for short-term profit (day traders); they are the ones who need to analyze the price of bitcoin with the knowledge of technical analysis so that it will help them to guess if there will be a dip in bitcoin, so they can buy bitcoin at a low price and sell when the price is high to enable them to take their short term profit. But for those who are all in on bitcoin for the long term, they don't need to do any analysis before they can accumulate bitcoin. They can adopt the DCA strategy to accumulate bitcoin when the money is readily available, and they will buy bitcoin even when it is increasing or decreasing. The DCA strategy will help them buy bitcoin at different prices, and the ones they bought at a low price will make up for the ones they bought at a high price.
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adultcrypto
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May 24, 2024, 05:30:29 PM Merited by JayJuanGee (1) |
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Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.
There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment. This is where the concept of emergency funds comes in. Remember that emergency fund was suggested as a way of protecting the investment from unplanned event that can lead to the investment being liquidated. With emergency fund in place, it becomes easy for the investor to relax and enjoy his peace when urgent needs arises. But care must be taken not to mistake the emergency funds for the funds needed for basic needs because are different and must be used as such. Emergency funds are set aside after basic needs have been met, it can be a fixed amount or variable and depends on the financial disposition of the investor. I will advise anyone investing in bitcoin not to ignore this emergency funds. It has helped me a lot. Now I have peace of mind unlike before that I put all my money in bitcoin only to be selling when I have needs, this often made me sell lower than what I bought.
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Ryu_Ar1
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May 24, 2024, 06:09:39 PM |
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Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.
Perhaps when one talks about investing in bitcoin, it is supposed to be a very important part of one's life that is worth cutting other expenses to increase the rate and/or level of your investment; your lifestyle can wait for a moment, but bitcoin cannot, so you must sometimes not make yourself too comfortable by investing a small portion of your income in bitcoin, instead take it upon yourself to make a better portion of your income count by investing it in bitcoin. For instance, if you earn $200 per week and your weekly spending for the so-called lifestyle is $190, and you have roughly $10 in discretionary or disposable income, is that a good investment? Absolutely not! So it's basically how much you earn and a percentage you're willing to give for the future, rather than what's in your disposable income, because bitcoin isn't like shitcoin, where you can put whatever you want, but you decide how much of your income should be invested in your long-term investment scheme.
I think it's not a problem, okay maybe it would be great if we could minimize the expenses that we will do because after all it becomes a plus because with that we can be more free to be in bitcoin with a little bigger but in the end we also have to realize that we don't need to force it directly because investing in bitcoin is not a compulsion and the initial benchmark is still how ready you are to lose and we also have to see how much budget we really have to fulfill consistently so that what we do in investing in bitcoin does not eat up the budget of the others. With this in mind if indeed we have around $200 of income and we have to spend $190 for our needs then there is no problem if indeed it is only $10 because this is our ability. although indeed in terms of profit also in the end it will not be much different but if indeed we can afford it only that much then still do it because forcing it to be more can ultimately burden yourself in the future.
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rachael9385
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May 24, 2024, 06:40:25 PM Merited by JayJuanGee (1) |
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Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .
And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.
Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not, that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment. The question every beginner must ask themselves if they really want observe before investing is I'm I in for the long-term or short term investment.... I wouldn't say more than that to avoid repetition
it should be a task to beginners to ask such questions, because for me I know quite well that you want to become successful you most ask others the pathway that makes them to be successful, so I know very well that what makes people to join bitcoin investment without making research is out of desperation, while is good to advantages and the disadvantages of something you wants to venture into it before you enroll yourself. Gaining knowledge before going into any investment is very important, without knowing the basics of an investment before going into it can amount to failure, also taking hasty decisions before involving in any monetary ventures is a danger and can make the person to lose their investment funds. Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works. I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or keep hodling. Gaining Bitcoin knowledge because you want to start investing in Bitcoin is good, but it's not important to get Bitcoin knowledge first, because you can learn as you are investing. The important thing is getting started as soon as possible. Immediately you have the money to start your investment. The more you wait to finish learning about bitcoin investment the more opportunities you miss. The way to understand how the Bitcoin market works is when you have started your investment. And one can also not know the future price of Bitcoin even if the person invests in Bitcoin, because nobody controls the Bitcoin price, so even learning about Bitcoin can not make you know the future price of Bitcoin. Like you just talked about the wallet and all that, the best way to protect your wallet is to write down your seed phrase down then safely keep it anywhere that is safer for you and make sure you don't connect your bitcoin wallet to any random sites you come across on the internet or from your friends. this basic knowledge will prepare a newbie investor on how Bitcoin works.
What I expect a crypto newbie to know is just the circles of Bitcoin.
If you are trying to go for the long run, I believe that you should try and remove your mind from ATH or bullrun. However, for you to profit largely by Bitcoin investments, you have to make sure you can pay a decent amount of money every week or month. DCA is a strategy that gives you an opportunity to accumulate and hold for long terms without being affected from any corner both from your monthly expenses. For one to use this DCA method, you have to make sure you are a salary earner or a business person, so that you will be able to get money on a weekly or monthly basis. Even if you are being paid $250 per month, you don't have to first of all deposit for Bitcoin first. It's a type of method that allows you to invest in the amount that remains in your possession after your expenses have been paid. Let's take, for example, your salary is $250 per month and your expenses every month are $100, then you remove $100 from $250 and $150 will remain, then you remove another $50 for emergencies. $100 will remain. With that $100, you can remove another $50 for DCAing in Bitcoin and the remaining $50 can stay in your hand during the time. As you are DCAing with $50 per month in 5 years your Total amount will be $3000 (that's if you do it constantly) and since you are a salary earner or a business person there are also a possibility that as time goes on you might be promoted and your salaries will be topped up, so with that you can possibly increase the amount you DCA monthly.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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Churchillvv
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May 24, 2024, 07:27:43 PM |
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[edited out]
Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously. It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble. Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations. Perhaps the word beyond and/or over definitely will put one into some kind of trouble for doing whatsoever whether investment or any kind of thing as long as it takes the extra ordinary it could lead to some kind of predicament but in terms of investing in bitcoin, I do not agree with some folks point of investing the left over of their income into bitcoin which is in disguise put into the word disposable income whereas what they mean is absolutely an unacceptable view of investment in bitcoin to be basically from the fag end of ones daily, weekly, and/or monthly expenses which at the end might end up being some kind of garbage amount that could be less than what is necessary for an investment. But that as it is doesn't mean one should prioritize bitcoin investment to a psychological end of being inappropriate but take it as a necessity. There is nothing wrong with your ideas of cutting some of your discretionary expenses down to amounts that end up prioritizing bitcoin, but that is a different question in regards to whether you are prioritizing bitcoin beyond your discretionary income.
Yeah, you may be able to drive a Toyota rather than a Lambo.. no problem. You may be able to go out to eat 1 per week rather than 3 times per week, and there are a variety of ways in which our own choices of expenses are deprioritizing investing into bitcoin, but that still does not mean that investing into bitcoin can either go higher than discretionary income or that it makes sense to cut some expenses that may well be important to your quality of life in other ways including that if you choose to eat really cheap food, you might end up with health problems that could have had been avoided.. or even there might be needs for you to take your girlfriend/wife out for dinner (or other ways of spending money on her) from time to time in order to preserve your relationship... or some kinds of normalcies in your life that sometimes involve expenses.. including in some of your social circles, you might sometimes need to spend money on friends/relatives, even though maybe they don't deserve it or appreciate your spending on them, but there might be some needs to preserve various relationships with people that sometimes will cost money and take away from your ability to buy as many sats as you might prefer to buy in that week (or that particular month). The idea of cutting down some expensive is quite expressed in your example of being able to drive Toyota instead of a lambo at some point it would be necessary to take such an action but where one must have reached a reasonable portfolio, ones preference of lambo might better than driving a Toyota of course what's life without making some memories count. 🥸 [Edited out]
You seem to be fighting with the idea of discretionary income, which seems like a semantics fight rather than a substantive fight... since surely you seem to realize and recognize that there may well be limits on how much any of us is able to invest into bitcoin on a weekly/monthly basis and there are ways that we can attempt to prioritize our expenses.. or even work on ways to increase our income.. .. so yeah, no problem with providing examples in which priorities might be changed and still be within bounds of discretionary income in order to invest into bitcoin or however else a person might choose to invest his time, money and/or energies. [/quote] Apparently, it sounds like I'm obviously fighting the idea of discretionary income but perhaps I'm only of the opinion that some kind of folks prioritize luxury or some kind of lifestyle thats not healthy at some point over investment, which is irrational to an extent. From a clear point one can increase his or her work life, do extra jobs to achieve his or her preferences but not cutting down a good quantity of their supposed investment capital to fulfill some kind of lifestyle that could put on hold for a moment hence achieving a necessity like bitcoin investment. I agree with almost all of what you are saying Justbillywitt; however, I find very little value in any kind of idea that any of us should be striving and/or able to achieve perfection in terms of our bitcoin accumulation and/or our balancing of our priorities. Personally, I think that it is better to consider the matter in terms of some kind of a balancing of making decently good choices within a range of possibilities that give us more and more options the longer that we do it.. so that we are likely just trying to do a good and comfortable job rather than getting it perfect, and sure, I am not suggesting to be sloppy or anything like that since from time to time we might identify areas in which we can tweak one direction or another, and we can even choose whether or not to tweak, and maybe the tweak might not even be much better than our earlier set path, but we can still attempt to make various kinds of improvements from time to time, yet I doubt that we are necessarily achieving perfection, even while at the same time, we might feel that we are achieving a certain level of comfort in terms of balancing our own finances and psychology. Sometimes ago I was reading one of your works @JayJuanGee where I came across @bitmover saying he was going to continue accumulating bitcoin after some quality conversations with you JJG, I felt at that point he must have been feeling his accumulations was already perfect for himslef but after few constructive discussions he then realised the need for him to keep accumulating bitcoin. ~Edited out~
I have about 30% in bitcoin. I was worried about that as I considered it a lot. However, after recents discussions with you JJG, and some recent thoughts about the market , I stopped selling for a while. I will try to increase it. ✂️ [edited out]
[Edited out] Churchillvv is not making a completely invalid point, since he might be saying that a guy who might have $100 in transportation expenses, might choose to buy a car or buy a lambo rather than a Toyota, so that guy might not be adequately grappling with his discretionary income because he is creating expenses that are higher than he needs, and he should be prioritizing bitcoin and cutting back on some of those expenses.. .which sure sometimes that may be possible and sometimes it might not be as practical as Churchillvv seems to be suggesting. Sure, another thing, which seems to be part of Churchillvv's point, is that some folks might consider their Lambo as a transportation expenses, which truly it is partly a transportation expense, but the Toyota might be more practical and there might even be instance in which it might be better to use public transportation, take uber or some alternative to actually owning a car - except maybe in the case of a business, the car might be specifically used for direct work reasons. Perfectly explained here. Perhaps I hope you @Troytech understands what JJG's explanation points out.
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red4slash
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Maybe if indeed when we enter the total monthly investment expenses plus our needs for 1 month it will seem to be misleading but in this case I personally distinguish the calculation notes to make it easier for myself to manage the finances that I do. For example, this month I have an income of around $300 a month and I spend $200 for personal needs and around $50 to buy bitcoin. I will make different notes for investments where indeed in the ledger the financial records will definitely remain $250 as this month's expenses but when talking about bitcoin we definitely need another record where there must be a record in the expenses we make for the purchase of bitcoin so that we know how much we have spent on bitcoin while we are here and that in my opinion is important as a consideration and as a belief that in the end being in bitcoin is profitable so that we don't not know how much of our money we spend on bitcoin and how much profit we can take.
But indeed in the end maybe this depends on what we are comfortable doing because the most important thing in this case is that we don't mess around with the way we manage money regardless of the different ways that are done and the mention of something in the end the goal remains the same, namely bitcoin investment.
In your example, if a guy is buying bitcoin with 25% of his expenses (50/200), then after about 4 years, the guy would have invested a whole year's worth of his expenses into bitcoin.. .So that would not be a bad place to be in terms of building a BTC holdings that has greater chances of getting him to fuck you status or some kind of a status in which he can start to employ sustainable withdrawal. I wonder how important your ideas about profit taking is? Sure we want to be in profits or even presume ourselves to be in profits with the passage of time, yet if the guy in your example continues with his practice of investing 25% of his expenses into bitcoin per year for 12 years, he has therefore invested 3 years worth of his expenses into bitcoin at the 12 year mark. So then maybe the other question might be how bitcoin ended up performing over that time in order to allow the amount invested to grow at least with the cost of living increases and perhaps more than that. ... even though there are no guarantees... So I am not necessarily going to presume regarding how much profits the guy might be in, yet I would suggest that the value of his holdings may well help to guide him in regards to whether he needs to continue to invest/accumulate bitcoin or if he might bd ready to start to employ some other strategies that might either be just maintenance or perhaps getting into various kinds of withdrawal practices, whether that would be time-based withdrawals and/or raking kinds of strategies. Surely we make our own assessments regarding where we are at and how we might want to replace and/or supplement our income with bitcoin withdrawals if we happen to get ourselves into such a position. okay indirectly you are saying that maybe in this case the accumulation is too big but as long as we are able then why not because after all this is not about our own ability in the end right? say indeed it is 25 percent of total income if indeed they can cover it then I think it is not a problem because after all when we are in something (including in bitcoin) then indeed we must be able to consider for some period of time ahead and again in this case I prefer to divide it periodically so for 12 years it is too long for me so 5 years is enough and when you consider the performance of bitcoin during that period (I want to take 5 years) as the timeframe I'm using right now and with the economy getting tougher in the end it's also predictable and we're also not likely to just stay at $300 for personal income because when the economy goes up then in this case the salary in our job usually follows in order to be balanced and that's been happening in the last few years so in the end when we can afford to make 25 percent of the initial budget then it's not a problem as long as we're willing to accept the risk. In addition, returning to the initial discussion about capital in the end this is also important because investment can also be a business and we must know how much we spend on accumulating bitcoins that we buy from the beginning to a certain extent consistently and how much profit we get after we invest in that period of time. It becomes an important part because after all we are in bitcoin is for profit and financial freedom so the profit factor even though it is only a figurative expression because the bitcoin remains the same only the value is different must still be considered.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
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ginsan
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2024, 08:40:56 PM Merited by JayJuanGee (1) |
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okay indirectly you are saying that maybe in this case the accumulation is too big but as long as we are able then why not because after all this is not about our own ability in the end right? say indeed it is 25 percent of total income if indeed they can cover it then I think it is not a problem because after all when we are in something (including in bitcoin) then indeed we must be able to consider for some period of time ahead and again in this case I prefer to divide it periodically so for 12 years it is too long for me so 5 years is enough and when you consider the performance of bitcoin during that period (I want to take 5 years) as the timeframe I'm using right now and with the economy getting tougher in the end it's also predictable and we're also not likely to just stay at $300 for personal income because when the economy goes up then in this case the salary in our job usually follows in order to be balanced and that's been happening in the last few years so in the end when we can afford to make 25 percent of the initial budget then it's not a problem as long as we're willing to accept the risk. In addition, returning to the initial discussion about capital in the end this is also important because investment can also be a business and we must know how much we spend on accumulating bitcoins that we buy from the beginning to a certain extent consistently and how much profit we get after we invest in that period of time. It becomes an important part because after all we are in bitcoin is for profit and financial freedom so the profit factor even though it is only a figurative expression because the bitcoin remains the same only the value is different must still be considered.
25% is quite attractive to apply, but as I have followed in this thread, many people apply 10% to invest in bitcoin. Of course 25% will be quite large for you to allocate, but if you are able and it doesn't interfere with your living needs then do it according to your plan. Of course, your BTC holdings will increase even more if every month you are able to allocate 25% to buying Bitcoin. Of course, the additional income you get from your monthly salary is certainly very good for investing in Bitcoin and I support the steps you take in your investment journey. So, if the duration of your investment is 5 years, of course that is also good, but it is still a good idea to buy it regularly every week. So to help you, maybe I found one of the best articles on investing in bitcoin, although it is almost the same, of course this will increase your enthusiasm to continue holding bitcoin. https://thecollegeinvestor.com/42217/how-to-invest-in-bitcoin/
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