Buy the DIP, and HODL!

[Sim_card]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

You are wrong, only discretionary income is the money that should be use to invest in bitcoin by anyone so that he can hodli his investment for a long time. Discretionary income is that extra cash that is left after you have taken away the money for you basic needs and monthly expenses. No discretionary income... No bitcoin investment.

Your discretionary income is that money that you can use to gamble, give out to someone or use to buy your wants. It's always an amount that you can afford to lose and it wouldn't affect you. This is the money that new investors should only use to invest when they are investing into bitcoin. This is because using your discretionary income to invest will enable you continue buying and building your bitcoin stash without any stress on you overtime.

If you don't use your discretionary income to invest in bitcoin, you will end up selling your bitcoin at loss too quick because you invested with money for your important needs. This is why if your discretionary income is little, it's advisable that you cut down your expenses and get a second means of income to boost up your discretionary income, so that you can increase your weekly DCA amount.

[Zackz5000]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

It is with your discretionary income that you will use in accumulating Bitcoin so having a discretionary income is compulsory you discretionary income is your leftover fund this is money set aside after you might have settled your pressing needs this will make you not to sell your bitcoin unmatured when personal needs may arise so having discretionary income in important and compulsory.

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

This advice should be taken more seriously by the newbies. Plebs like us are just looking for a sustainable source of income before we start buying our Bitcoin. From what I have read here so far if I start buying Bitcoins at this stage I may have little Bitcoin but I cant keep up with the accumulation. Other newbies like me should not start their investment when they dont have a good source. No matter how desperate we are to start our investment there are things that need to be put in place first.

If you can sort out your discretionary income having it available you can start up accumulating Bitcoin and stop waiting to have a good source of income you can actually start with maybe 10$ and gradually increase it as you increase your discretionary income you can start buying using the DCA strategy which allows you to buy bitcoin gradually either weekly or monthly as the case may be instead of waiting to have a better source of income.

[suzanne5223]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

It is with your discretionary income that you will use in accumulating Bitcoin so having a discretionary income is compulsory you discretionary income is your leftover fund this is money set aside after you might have settled your pressing needs this will make you not to sell your bitcoin unmatured when personal needs may arise so having discretionary income in important and compulsory.

You have a point about having a discretionary income helping Bitcoiners to hold their bag for the long-term due to a lot of cases of people selling their BTC unmaturely because of emergency needs. This reminds me of a Reddit user who posted about selling some portion of its BTC to solve a health issue after accumulating 1.003BTC.

Having said that, another important thing when accumulating BTC is knowing to securely hold the coin because if a Bitcoiner have the needed discretionary income but still lack the knowledge to secure the BTC s/he is just like people who don't hold BTC at all.

[JayJuanGee]

To me, planning to accumulate bitcoin in order to sell it all seems like trading rather than investing, but they there might be nothing wrong with coming to bitcoin with g it all down the road, yet if we spend time accumulating bitcoin and studying bitcoin, we may well come to realize that selling our bitcoin is not really any kind of a great plan... yet each of us has to figure out how to deal with our bitcoin once we get to a position that we might be consider to have enough BTC or more than enough BTC.

Accumulating bitcoin and selling it all off doesn't really make sense at all. Even if an investor has accumulated as much bitcoin in such a way that his bitcoin investment can be able to sustain him that he does not needs to bother himself with work, it will be very wrong for an investor to sell off all his bitcoin and become a no coiner unless if the investor has few days or week to live. So instead selling off all our bitcoin and become a no coiner, which is also more like trading, it will be best to withdraw from the yielded interest once we have accumulated more than enough bitcoin instead of selling all our coin.

Regardless of how big the person Bitcoin stash is, selling it off at this present rate is too much of a loss to me because we are still in the early days of Bitcoin, and $100k is nowhere near it peak price, so for an individual to sell now, it's either he is a trader or he has just few days to live just as you have already said, because no true Bitcoineer will sell too early and will be ok being a no coiner, without waiting for years and milking the best possible dividend from his Bitcoin investment, it's unheard of, unless that person doesn't really knows the potential Bitcoin has, because anyone that knows it value and potential wouldn't act in such a manner.

Let's say a person accumulated bitcoin between 2014 and 2017, so he invested around $200 per week, which would have amounted to around $32k invested into bitcoin during that time, and he accumulated right around 80 BTC. 

Maybe when he started in bitcoin, his goal was to be able to have a passive income of around $100k per year ($8,333 per month) from his bitcoin, so it could well be the case that a guy who had accumulated 80 BTC can sell bitcoin at any time that he wants within his $100k per year target without worrying about running out of BTC... He just has to make sure that his BTC are adequately protected so that  he does not lose them and keeps them sufficiently private. 

It could also be the case that a guy who accumulated 80 BTC before 2017 may well have had started withdrawing from his stash in order to get $100k income per year, and perhaps he started 1 or 2 years ago and even at the time that bitcoin was in its lower points in late 2022, which maybe he would have had to withdraw 8-10 BTC over the past couple of years, and maybe now he ONLY has 70 BTC rather than 80 BTC...   But, yeah, he still should have more than enough BTC to continue to feel that he can withdraw right around $100k per year (and perhaps even more - such as going up 10% per year in the dollar amount based on the debasement of the dollar). In that regard, such guy might already realize that he might sell from his BTC stash regularly and almost no matter the BTC price, but he might also decide to take some protections to sell less BTC during times of extreme BTC price dips, and perhaps regulating himself or not even selling any BTC during times that the BTC price is close to the 200-WMA or below the 200-WMA.. so since the BTC price right now is 120% higher than the 200-WMA, he might even choose to withdraw a few extra months of his regular allotment in order to prepare for months that could end up being worse, and he might not really concern himself too much if the BTC price is going to go up or down, but he does want to make sure that he has enough cash in reserves to support himself in any case.. 

So part of my point is that if a guy has enough or more than enough BTC, he is no longer accumulating and perhaps no longer HODLing all of his stash, but he is selling on a monthly basis and he might not get overly preoccupied about the BTC price whether it is going to go up or not.

[Proty]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

[PremiumcryptoHub]

It is acceptable for everyone to buy Bitcoin DCA method weekly, but Bitcoin investment is useful enough according to the person's ability not daily to be self-sufficient.  

Maybe you haven't been able to gain knowledge about the DCA method yet. Your comment regarding investing using the dollar cost averaging method is not entirely correct,By starting to invest in this way, you can purchase Bitcoin every month or every few months, instead of buying Bitcoin every week, everyone should do this according to their own convenience. It should be kept in mind that the only goal of investing in this manner is to buy Bitcoin regularly.

I noticed it started buying bitcoins from November 2020, but I think it is capable of holding for a long time.  Because it is possible to hold Bitcoins depending on the situation, DCA method is the most convenient and easy to hold Bitcoins.

No, what you noticed is wrong because they started buying Bitcoin from August 2020. They are continuously investing through the DCA method, As you mentioned, the dollar cost averaging (DCA) method is the easiest for buying Bitcoin, which is absolutely true.

You can find out exactly when MicroStrategy started buying Bitcoin from this tweet.

For clarity, I was referring to the 21,454 BTC that MicroStrategy acquired, as publicly disclosed on 8/11/20.

https://x.com/saylor/status/1306692196041662466?t=AHCLREtNHF6uMGru_nESwg&s=19

[sotelorene]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

This advice should be taken more seriously by the newbies. Plebs like us are just looking for a sustainable source of income before we start buying our Bitcoin. From what I have read here so far if I start buying Bitcoins at this stage I may have little Bitcoin but I cant keep up with the accumulation. Other newbies like me should not start their investment when they dont have a good source. No matter how desperate we are to start our investment there are things that need to be put in place first.

Waiting to have or get a stable source of income, you may end up not even investing at all because you don't have to get a stable source of income first before you should start investing. Perhaps, the idea is since you don't have a stable source of income all you need do is use a percentage of your income that won't affect you or a percentage you can let go instead of not investing at all and waiting for when you will have stable source of income. Though, this varies with individual there are people who can not manage their unstable source of income and there also people who can manage their unstable source of income and I have a friend who was managing when he doesn't have stable source of income but because he has plan and target, today he has a stable source of income and now he has increased the amount he was using before to accumulate. One thing one ought to do is if you don't have a stable source of income and you are interested in Bitcoin start accumulating but you should be someone that has plan ambition else you will get yourself messed up and one thing you should know is that, responsibility will trigger you to work hard in life.

[JayJuanGee]

It is acceptable for everyone to buy Bitcoin DCA method weekly, but Bitcoin investment is useful enough according to the person's ability not daily to be self-sufficient.  

Maybe you haven't been able to gain knowledge about the DCA method yet. Your comment regarding investing using the dollar cost averaging method is not entirely correct,By starting to invest in this way, you can purchase Bitcoin every month or every few months, instead of buying Bitcoin every week, everyone should do this according to their own convenience. It should be kept in mind that the only goal of investing in this manner is to buy Bitcoin regularly.

I noticed it started buying bitcoins from November 2020, but I think it is capable of holding for a long time.  Because it is possible to hold Bitcoins depending on the situation, DCA method is the most convenient and easy to hold Bitcoins.

No, what you noticed is wrong because they started buying Bitcoin from August 2020. They are continuously investing through the DCA method, As you mentioned, the dollar cost averaging (DCA) method is the easiest for buying Bitcoin, which is absolutely true.

You can find out exactly when MicroStrategy started buying Bitcoin from this tweet.

For clarity, I was referring to the 21,454 BTC that MicroStrategy acquired, as publicly disclosed on 8/11/20.

https://x.com/saylor/status/1306692196041662466?t=AHCLREtNHF6uMGru_nESwg&s=19

We have a 78 page forum thread on the topic of Microstrategy, too.. now StrategyBTC

https://bitcointalk.org/index.php?topic=5268108.0

[ginsan]

~~
Even though our profits in bitcoin are not guaranteed, there still can end up being some fun to develop various systems and to be able to see how we progress in our investment over a cycle or two or more.

Yes sir, the bitcoin growth journey is very good after I observed since it dropped to $15k two years ago. The opportunity for everyone at that time to buy at a cheap price, the opportunity can be fully utilized by those who press the buy button at that time. Time flies so fast, everything becomes history when the correction occurs suddenly at that time.

Of course there is pleasure that can be taken from the routine journey of buying bitcoin, the greatest pleasure is getting the moment of buying at a cheap price. However, with that, for now the opportunity to start investing is also better, we don't know what the price will be in two years.

For beginners who are just starting to invest in bitcoin, of course, buy routinely with the DCA strategy, there is no need for a deeper approach because the approach about bitcoin will come by itself when you have reached the level of investment journey for the next 5 months.

One thing to know, if the circulation of bitcoin is increasingly rare because many are holding it, the price will soar. It is not individuals who are currently hoarding more bitcoins but countries that have hoarded bitcoins in their strategic reserves such as El Salvador. So thinking about the price is not the right time but buying directly or today in starting an investment. eliminate bad feelings, negative thoughts and stay away from social media if you are just starting to invest in bitcoin, this is to prevent your mentality from falling if you do not have a strong Mentality.
Buy and hold, buy in dips hold. Buy aggressively of course all hold until the time stage that we determine in the investment that we plan.

[Churchillvv]

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

[avp2306]

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

Yeah that should be the ideal thing to do but since we are past on our younger self I guess we can still do it whatever age group we are on. Since somehow we have aim timeline that's why people should not think about age since they can still buy and invest Bitcoin now.

As long as they are capable to buy and understand what Bitcoin is then they are good to go. What actually people need to do is to start and for sure everything according to what they plan would follow.

Our income flow plays vital role and we better do good decisions so that there would be no regrets will come in future. So invest on Bitcoin and save for better future.

[JayJuanGee]

~~Even though our profits in bitcoin are not guaranteed, there still can end up being some fun to develop various systems and to be able to see how we progress in our investment over a cycle or two or more.

Yes sir, the bitcoin growth journey is very good after I observed since it dropped to $15k two years ago. The opportunity for everyone at that time to buy at a cheap price, the opportunity can be fully utilized by those who press the buy button at that time. Time flies so fast, everything becomes history when the correction occurs suddenly at that time.

During times like that people get so scared, and they do the opposite of what they should be doing, and if you think about the matter, the bitcoin was below $25k for about 9 months, and there were a couple of months that the BTC price was between $15,500 and $18k, and so there were so many opportunities to buy for quite a long time during that period... But people got scared to buy and many folks were proclaiming that bitcoin might touch $10k or go below $10k.. and for sure starting to buy bitcoin (or to get more serious about it in 2022 would have had been a good thing in terms of later having been able to get BTC at prices that were never going to be reached again, yet there surely was uncertainty about whether the "bottom was in" all the way through most of 2023, and perhaps not until October 2023 that many folks started to feel more comfortable that perhaps the bottom was actually in.

Of course there is pleasure that can be taken from the routine journey of buying bitcoin, the greatest pleasure is getting the moment of buying at a cheap price. However, with that, for now the opportunity to start investing is also better, we don't know what the price will be in two years.

Yep.  We never know for sure, and so we just do our best to attempt to prepare ourselves financially and psychologically for either direction at the same time, and some folks do not know how to prepare for either direction, yet if we practice investing into bitcoin we figure out how to balance our finances and our psychology in such a way that we are prepared for either price direction.  I frequently suggest that if we prepare our finances, then the psychology will follow.

For beginners who are just starting to invest in bitcoin, of course, buy routinely with the DCA strategy, there is no need for a deeper approach because the approach about bitcoin will come by itself when you have reached the level of investment journey for the next 5 months.

The more time you employ your strategy, then the more your strategy and the amount of BTC that you are able to accumulate will help to inform you if you might want to tweak your strategy in one direction or another.

One thing to know, if the circulation of bitcoin is increasingly rare because many are holding it, the price will soar. It is not individuals who are currently hoarding more bitcoins but countries that have hoarded bitcoins in their strategic reserves such as El Salvador. So thinking about the price is not the right time but buying directly or today in starting an investment. eliminate bad feelings, negative thoughts and stay away from social media if you are just starting to invest in bitcoin, this is to prevent your mentality from falling if you do not have a strong Mentality.
Buy and hold, buy in dips hold. Buy aggressively of course all hold until the time stage that we determine in the investment that we plan.

Yep.. it is true that more and more institutions, governments and status quo rich people are finding out about bitcoin and accumulating large quantities of bitcoin, which will continue to put upwards pressures on the BTC price, and so it is good for normal peeps to stay focused and try to get as much bitcoin as they are able to get within their own financial circumstances... which surely can take a while and the BTC price may well continue to go up during the process of accumulation, which many normal people may well have to spend more than 10 years accumulating bitcoin before they start to feel really comfortable about the BTC stash that they accumulated, even though some poor persons might never be able to get more than 0.21 BTC, but they can work on getting however much they are able to get within their financial abilities.

I have gotten some nice knowledge concerning bitcoin investment in this thread and am still learning in the process 700 pages of bitcoin knowledge and still counting all thanks to JJG and other reputable fellow in this thread.
If you are a HODLer keep buying and hodling bitcoin if you are still procastinating on when to buy you can buy today if you have your discretionary income already starting buying and HODL you can begin with little amount and gradually increase according to the level of your discretionary using the DCA strategy.

Just buy bitcoin and HODL in summary.

Having what it takes to buy and hold is a different thing from not having what it takes to invest in Bitcoin, there are individual who has the money and all takes to invest in Bitcoin but they keep on procrastinating and these category of people I see them as unserious people because anyone who has all these... And is still procrastinating even if the person eventually start, they can not maintain their investment or hold for long because their knowledge or understand about Bitcoin is so myopic. In Bitcoin investment though having a discretionary income is good but it is not compulsory that you must have a discretionary income before you can be able to invest, you can actually start and make sure to set everything in order so that you don't get choked up and the truth is you can not have everything ready before investing but along the line things well fall into their right places and you can even increase your initial amount.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

You are largely spoiled if you do not have expenses.  So all (or very close to all) of the income that you get is discretionary income.  In normal circumstances,  you have to account for your expenses first, and whatever is left after you have accounted for expenses is discretionary income.

I totally disagree with you on this,  your investment in bitcoin should be coming from your discretionary income so that you won't need to dip hands into your bitcoin investment and also to be able to hold for 4 to 10yrs or longer as per your investment time line. So it will be wrong to invest an amount that will make you not be able to cover up your expenses.

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

Yeah that should be the ideal thing to do but since we are past on our younger self I guess we can still do it whatever age group we are on. Since somehow we have aim timeline that's why people should not think about age since they can still buy and invest Bitcoin now.

As long as they are capable to buy and understand what Bitcoin is then they are good to go. What actually people need to do is to start and for sure everything according to what they plan would follow.

Our income flow plays vital role and we better do good decisions so that there would be no regrets will come in future. So invest on Bitcoin and save for better future.

Of course, young folks if they do not have a job, they may well need to spend time, energy and money to train themselves so that they have an income.  Of course, if they are trying to continue to build their bitcoin investment in order to get it to a large enough size that they can live off of their bitcoin investment, then they still have to spend some time getting their bitcoin to a sufficiently large size, since if they start to spend it too prematurely they will end up being a low coiner or a no coiner, and since they are still young then they have to start over accumulating bitcoin, which would be dumb to sell your bitcoin too soon, since you likely want to keep building your bitcoin to get it to a size where you can start to live off of it and not have to work, except that if you are young and dumb, you might end up cashing out way too soon and fail to calculate how to make a system of sustainable withdrawal including that perhaps you are going to want to upgrade your standard of living too.  So as a young person you might have several things that you need to learn and you might not even know all of the things that you need to learn until you explore for a bit and perhaps even get into some careers..and perhaps trying to find a career that is suitable and comfortable to you without having to sell any of your BTC until later down the road when you are actually ready and have built your stack (stash) up to a high enough level..

[Lidger]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

Depending on your income, you can easily continue investing in the DCA investment method if you want. Investment is very important for you as a young person. Now is the time to earn money by working hard and how to convert this money into more money but you have to do it yourself. Maybe most of the youths think they have enough energy in their body now so they can work hard and they are satisfied with the amount of money they earn but they don't think about investment. Because of not thinking about investment, many times it is seen that many people lose their job or cannot work because of some problems, but their life becomes very difficult, but for those who think about investment in advance, this investment stands as a support later.

The first thing you said is that you need to find a big source of income before investing. In this case, I would like to tell you that you should continue investing with a portion of your current income (however minimal it may be).  
When you realize that your income has already increased, you can gradually increase your investment amount based on your income. That is, if you are in investment, there will be a tension in your head that you have to earn money and you have to invest consistently.

So, from now on, give utmost importance to the matter of investing in Bitcoin. I hope that this investment will give you many good things in the future.

[As-Soon-As]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

The first thing you said is that you need to find a big source of income before investing. In this case, I would like to tell you that you should continue investing with a portion of your current income (however minimal it may be).  
When you realize that your income has already increased, you can gradually increase your investment amount based on your income. That is, if you are in investment, there will be a tension in your head that you have to earn money and you have to invest consistently.

So, from now on, give utmost importance to the matter of investing in Bitcoin. I hope that this investment will give you many good things in the future.

Investing in Bitcoin is easy but if you want to keep it for a long time, you have to face huge challenges, you must learn these challenges and strategies, it will be very useful in your future. Usually, gaining knowledge will lead you to the peak of further improvement because your experience will force you to take it to a higher level.
 Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

[Tmoonz]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

The first thing you said is that you need to find a big source of income before investing. In this case, I would like to tell you that you should continue investing with a portion of your current income (however minimal it may be).  
When you realize that your income has already increased, you can gradually increase your investment amount based on your income. That is, if you are in investment, there will be a tension in your head that you have to earn money and you have to invest consistently.

So, from now on, give utmost importance to the matter of investing in Bitcoin. I hope that this investment will give you many good things in the future.

Investing in Bitcoin is easy but if you want to keep it for a long time, you have to face huge challenges, you must learn these challenges and strategies, it will be very useful in your future. Usually, gaining knowledge will lead you to the peak of further improvement because your experience will force you to take it to a higher level.
 Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

Sometimes our choices of words can make things look more difficult than it is, I really frame at that choice of words danger because it can be misleading by making newbies to be scared of attempting to get the fucking started, the first question is do you have a source of income? If yes then figure out how much your discretionary income which is left over cash after ensuring you can comfortably take care of your other living expenses, then you can invest from your discretionary income along side with side with a provisional emergency funds which is very essential as human because one should always be ready for an unforseen circumstance to happen, such as car repairs or unexpected home repairs, medical, and many others.

[Ricardo11]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

The first thing you said is that you need to find a big source of income before investing. In this case, I would like to tell you that you should continue investing with a portion of your current income (however minimal it may be).  
When you realize that your income has already increased, you can gradually increase your investment amount based on your income. That is, if you are in investment, there will be a tension in your head that you have to earn money and you have to invest consistently.

So, from now on, give utmost importance to the matter of investing in Bitcoin. I hope that this investment will give you many good things in the future.

Investing in Bitcoin is easy but if you want to keep it for a long time, you have to face huge challenges, you must learn these challenges and strategies, it will be very useful in your future. Usually, gaining knowledge will lead you to the peak of further improvement because your experience will force you to take it to a higher level.
 Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

Sometimes our choices of words can make things look more difficult than it is, I really frame at that choice of words danger because it can be misleading by making newbies to be scared of attempting to get the fucking started, the first question is do you have a source of income? If yes then figure out how much your discretionary income which is left over cash after ensuring you can comfortably take care of your other living expenses, then you can invest from your discretionary income along side with side with a provisional emergency funds which is very essential as human because one should always be ready for an unforseen circumstance to happen, such as car repairs or unexpected home repairs, medical, and many others.

I agree with you, before starting a long-term investment, you must first ensure your stable financial situation. Because the future is unpredictable, and therefore any kind of major problem can arise in the future, such as illness or serious physical problems, job lost or loss of income, emergency car or house repairs, and many other problems.
But even after facing such a problem, you cannot stop your Bitcoin holding. And at that time, it is very necessary to form an emergency fund in advance to deal with that problem without damaging your Bitcoin holding.
You need to form such an emergency fund from the beginning that even if you lose your job, you can still survive well with that fund for 3 to 5 months, and arrange another job within these 3 to 5 months.
Then, even if you lose your job, your Bitcoin holding will not be damaged. So first analyze your income and expenses, then form an emergency fund accordingly. Or you can first start investing in Bitcoin DCA, and keep the investment going, then build an emergency fund as soon as possible, and there should definitely be an amount equivalent to three to six months of expenses in this fund, so that there is no financial pressure in any unexpected situation, or there is no restriction on Bitcoin holding.
Thus, considering everything well, continue holding continuously through long-term DCA. And continue continuously for the next 2 to 3 cycles, this will definitely bring good success.

[Just Say]

I usually agree with this but at some point I have come to realise how much important investments is to me as a young man hence making investment seems to come first before another thing perhaps I would have to allocate a good percentage of my income into investment and whatever remains I would use to pay for my expenses however my personal expenses are not yet bigger than I can afford and I also still receive stipends from parents hence I seems to have come to the conclusion that discretionary income will only come to play when you have gotten a certain level of responsibility. Just my opinion.

The first thing you said is that you need to find a big source of income before investing. In this case, I would like to tell you that you should continue investing with a portion of your current income (however minimal it may be).  
When you realize that your income has already increased, you can gradually increase your investment amount based on your income. That is, if you are in investment, there will be a tension in your head that you have to earn money and you have to invest consistently.

So, from now on, give utmost importance to the matter of investing in Bitcoin. I hope that this investment will give you many good things in the future.

Investing in Bitcoin is easy but if you want to keep it for a long time, you have to face huge challenges, you must learn these challenges and strategies, it will be very useful in your future. Usually, gaining knowledge will lead you to the peak of further improvement because your experience will force you to take it to a higher level.
 Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

Of course, investing in Bitcoin can be easy, As you mentioned, there are huge challenges to sustaining investments over the long term, Maybe you don't yet have a secure source of income, Which is why it still seems very challenging for to hold on to your Bitcoin investment for a long time. If the way from where you are earning money is certain, that is, if someone's method of earning money is certain, then he will be able to easily solve any problem while investing. Before investing, many people may think that the most important thing to do to sustain long-term investments is to build an emergency fund. Actually, this is not the case because a temporary emergency fund helps us to continue investing without any fear or any pressure.

[CageMabok]

Of course, investing in Bitcoin can be easy, As you mentioned, there are huge challenges to sustaining investments over the long term, Maybe you don't yet have a secure source of income, Which is why it still seems very challenging for to hold on to your Bitcoin investment for a long time. If the way from where you are earning money is certain, that is, if someone's method of earning money is certain, then he will be able to easily solve any problem while investing. Before investing, many people may think that the most important thing to do to sustain long-term investments is to build an emergency fund. Actually, this is not the case because a temporary emergency fund helps us to continue investing without any fear or any pressure.

You also said the right thing about how to invest because if someone still has fear to invest in Bitcoin in the long term, of course he will not be easy to do it even though he has a regular income every month and can be enough to be used for the investment. So besides having to have a little fund for emergency needs, you also don't have to be afraid to do it because people who have the courage to invest in Bitcoin for the long term also have quite an extraordinary amount of assets at this time. So fear also needs to be eliminated before someone starts investing with a fairly wise goal, namely for the long term.

[Taskford]

Of course, investing in Bitcoin can be easy, As you mentioned, there are huge challenges to sustaining investments over the long term, Maybe you don't yet have a secure source of income, Which is why it still seems very challenging for to hold on to your Bitcoin investment for a long time. If the way from where you are earning money is certain, that is, if someone's method of earning money is certain, then he will be able to easily solve any problem while investing. Before investing, many people may think that the most important thing to do to sustain long-term investments is to build an emergency fund. Actually, this is not the case because a temporary emergency fund helps us to continue investing without any fear or any pressure.

You also said the right thing about how to invest because if someone still has fear to invest in Bitcoin in the long term, of course he will not be easy to do it even though he has a regular income every month and can be enough to be used for the investment. So besides having to have a little fund for emergency needs, you also don't have to be afraid to do it because people who have the courage to invest in Bitcoin for the long term also have quite an extraordinary amount of assets at this time. So fear also needs to be eliminated before someone starts investing with a fairly wise goal, namely for the long term.

If they pay to much attention on the negative news spreading and always care about the prices also the volatile movement of the market then expect that they get fear to invest on Bitcoin especially if they have less to no knowledge on this coin.

But if they exert some effort to know the basic and eager to learn about Bitcoin then provably that starting up would never be a big problem with them and they just need to do the first action then everything according to what they want to happen would provably came especially if they are eager to hit more bitcoins for long term purposes.

Its usual scenarios we see some doubters regret their decision not to buy bitcoin before. So to avoid that we better take good action since we know Bitcoin has good future coming ahead and its good if we save some then trying to get profits if price would shoot up in future.

[Y3shot]

Investing in Bitcoin according to the DCA strategy is easy but if we want to sustain it in the long term, it is most important to have an emergency fund. Because danger can come at any time, that is why you have to be ready to face danger from the beginning, so that it does not affect your Bitcoin investment. This should be given the utmost importance.

Normally, Before investing in Bitcoin, it's important to have a steady source of income. This allows you to make good plans for your investment and set aside an emergency fund, ensuring you don't rely solely on your investment. Having a stable income and a solid plan for managing your funds, such as using the Dollar-Cost Averaging (DCA) method, makes investing easier. With a reliable income, you can afford to invest only what you can spare.  without proper money management, investing can become challenging.