Buy the DIP, and HODL!

[xvacator]

Yes, if they knew about the DCA method for investing, many of them would have taken a quick decision to invest. In this method, an investor can not only avoid his fears but also grow his  risk-free investment in the long run. Investing in Bitcoin, an individual is always suggested to invest discretionary income so that he does not face any kind of obstacle in managing his personal life and he does not have to worry about its high volatility after investing in Bitcoin. Those who have invested in it more than a few years ago must be well aware of the status of their investment. Bitcoin is gaining new heights with time and will continue to do so in the future. Those who are skeptical about it must surely understand that they lack proper knowledge.

Let those who are skeptical about it and confuse and give up because their Bitcoin investment can't work with right. They should introspect of what they did so far so they can learn from their mistake and a new hope that they can also doing the same as the other investors. If they can learn about DCA, they will find a way how to invest in Bitcoin with right and will start after they understand. He also learn about allocating the money for all needs, including for his investment so all things can run smoothly without obstacle.

[Tamaperdana]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

Finance, income, jobs are very uncertain and you can not know what will happen with your jobs and income in future. If you have jobs, continue with them and don't quit your jobs and go full time on Bitcoin. It's very risky when you are only in your finnacial and wealth building progress.

Many discussions about it
Will you quit your day job to go full time on bitcoin?
Is It advisable to quit my present job for bitcoin?
Don't ever quit your job to trade crypto.
Job Vs Bitcoin.

When we invest in Bitcoin it doesn't mean we have to stop working and focus on investing. Because the logic is like this, if we don't work, where do we get the money that we can invest in bitcoin. So this has also become a clear picture, that what is called investment needs to have income. Because if we assume that when we invest in bitcoin, we don't need to work anymore, I think that assumption is very wrong. Because here we have to think realistically, that our lives also require costs and if we only rely on investing in bitcoin, we may have to wait for the results in a period of 4 to 10 years and even more. So in those 10 years, where do you finance your life if you don't work. Therefore I emphasize that investing in bitcoin does not mean that we have to be lazy and just wait for the investment we are running. Such a decision can be said to be unhealthy at all and tends to be like using bitcoin as a cover for being lazy.

So don't let our thinking be too obsessed so that we don't think clearly. Because we can see for ourselves that even successful investors still work very hard and even more than all of us who are not as successful as them. So the reason for not working because of investing in bitcoin, I think that kind of thinking is not good. Moreover, people who say that, just bought bitcoin and have only held it for a few months. I think people like that should think again not to do that.

[Stormisover]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

Finance, income, jobs are very uncertain and you can not know what will happen with your jobs and income in future. If you have jobs, continue with them and don't quit your jobs and go full time on Bitcoin. It's very risky when you are only in your finnacial and wealth building progress.

Many discussions about it
Will you quit your day job to go full time on bitcoin?
Is It advisable to quit my present job for bitcoin?
Don't ever quit your job to trade crypto.
Job Vs Bitcoin.

In my reading of Ricardo 11 post he was not talking about anyone quiting his job and go full time in to Bitcoin rather he was talking about how everyone want to secure a financial bright future and of which it is a good thing for an employee to be investing in Bitcoin for future purposes while in active service as a retirement benefits meaning that he can not work for all his life time, he was talking about retirement and not quiting his job and that is two different things entirely.

[Makus]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

It is not a good idea to quit your job and invest full time in Bitcoin. You can invest alongside your job. If you do not have a stable source of income, I think it would be better for you not to invest.

You do not need much to invest. You can invest only if you have basic knowledge about Bitcoin and faith in Bitcoin. You can be a smart investor, and you can get success and great profits through Bitcoin investment if you know the right capital management and investment strategy. Because you will not be trading, you will have to learn for 2 to 3 years. You will invest, you will continue to invest alongside your job. You will continue to invest by relying on your stable income. When you feel that you have accumulated enough BTC in your portfolio, you can wait for the deadline to end. Investing is for the future.

Gost ms I think you made a mistake with your quote, the quoted text was written by Ricardo11 and not Catenaccio please edit your post. That aside, you might have confused the entire post with just a few highlighted sentences.  What Ricardo11 was trying to say is,  no one can stay employed forever there are certain age restrictions which will eventually compel the employee to resign, however if you don't make good use of the opportunities now that you are still a an employee than there are chances that you may grow  bankrupted  after some years of retirement that is if you have a good saving else it would be a complete disaster of poverty.

One thing that's certain in bitcoin investment from historical view is that the earlier you start investing the better your chances of making more profits increases, however if history is to repeat itself then buying today would be the best decision anyone can make for themselves especially when the person in question is still in his youthful age. Historical views shows that the longer you hold the more profit you get, the youths are more privileged to benefit by starting early compared to those approaching their 70s,  which is why it's best to utilize the opportunity by making investment at an early age from your spare cash after meeting up all important needs for the month. Most salary earners do receive their pay at the end or beginning of a new month. Notwithstanding, if the person is still not certain whether or not his monthly salary will cover up all his needs with some residue he can wait until his payday and then use some part of the remainder from the previous pay to invest in bitcoin using the DCA strategy. The only problem is, accumulation with such budget and strategy can't go that far even after some few months or years.

[Jostern]

I sent you a merit MusaPk, even though I think that your statement was a bit strong in the opposite direction..  yet I agree with your overall point that guys should be attempting to figure out how to invest into bitcoin whether time, energy and/or monetary value.

JayJuanGee it's always refreshing to listen from you  
 
I am of the view that Bitcoin is a valuable asset in which we all should invest for our benefit. If someone says that he doesn't have enough funds to invest and he is also not working hard to generate additional funds which can be invested in Bitcoin then it's his own fault to remain poor, the opportunity is waiting right in front of him.

While Bitcoin has the potential to be profitable over a long period of time we still have to tell ourselves the truth, that someone does not invest in Bitcoin doesn't generally means that the person will remain poor, that you are investing in Bitcoin shouldn't make you think that you are better or you will be better than those not investing. However Bitcoin investment is considered to be more of personal interest and that of financial ability but not doubt that one can still invest their time/energy in getting to learn how to invest in Bitcoin and decide whether to invest in Bitcoin or not while working on their financial circumstances.

Bitcoin investors who are still lazing around are basically afraid to invest, maybe they are deprived of investment. Only those who are not afraid to take risks are ready to get the maximum benefits of Bitcoin investment, because Bitcoin investment has been important since the past. If an investor can follow the DCA method regularly, then he will definitely be able to achieve success.
 However, Bitcoin investment must be sufficient and the source of income must be good, then only then he will be able to follow the DCA method for a long time. Bitcoin investment is important for those people who are ready to take risks at any time.

The people you’re referring as being lazy, might probably not be lazy investing in bitcoin, people are basically interested and goes full throttle on something that they have complete knowledge about it, You don’t expect someone who doesn’t have knowledge about Bitcoin to know how to go about the DCA method, sometimes fear is a factor as well, but if someone have a knowledge that Bitcoin is not so risky if you follow the right strategy of investing for a long term portfolio, and to accumulate more and buy aggressively with the right strategy I think there would be so many people who will venture into Bitcoin instead of keeping fiat in banks. Investing in Bitcoin absolutely doesn’t stop us from achieving whatever we want. I think getting the knowledge about bitcoin is the key.

[Cryptoprincess101]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

Finance, income, jobs are very uncertain and you can not know what will happen with your jobs and income in future. If you have jobs, continue with them and don't quit your jobs and go full time on Bitcoin. It's very risky when you are only in your finnacial and wealth building progress.

Basically, finance is needed for livelihood even if you are not an investor which means that if you are not earning an income for yourself, it is like slavery because you can't get things you need like the basic necessity of life which is food, clothing and shelter, this are literally the primary things every human being want to have before even talking about anything else but the most important is food because we eat every day to be healthy. If you do not earn, how can you invest in bitcoin? There are some folks that used to make statements like if they have succeeded in accumulating a huge amount of bitcoins, that they will retire from their jobs and watch their investment in bitcoin but this is just a very low mentality because someone who have met their accumulation target do not need to quit their jobs because if they do that how will they get money to take care of themselves till their investment grows. Besides, since no profits is guaranteed, it will be very unreasonable to quit your jobs just because you want to focus on the investment you have built with bitcoin.

[ginsan]

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

In changing the investment direction from old investment (Gold) to Bitcoin investment, sometimes someone can do it easily. I realized that in myself where at the end of 2015-2016 I stopped accumulating gold and chose bitcoin as a new investment that I followed up, but I made a big mistake in 2017 or to be precise under 2020. But after I studied it well and heard the stories of successful people in Bitcoin where they were able to survive in following up because they invested with money that was ready to be lost or not burdened in any condition.

In investing, the main thing we must avoid is gambling, because gambling made me make many mistakes in previous years. You cannot be calm in investing if your soul is a gambler. Peace of mind and focus in running investments are things that must be had so that we can Hold bitcoin for a long time.

[Sim_card]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

It is not a good idea to quit your job and invest full time in Bitcoin. You can invest alongside your job. If you do not have a stable source of income, I think it would be better for you not to invest.

You do not need much to invest. You can invest only if you have basic knowledge about Bitcoin and faith in Bitcoin. You can be a smart investor, and you can get success and great profits through Bitcoin investment if you know the right capital management and investment strategy. Because you will not be trading, you will have to learn for 2 to 3 years. You will invest, you will continue to invest alongside your job. You will continue to invest by relying on your stable income. When you feel that you have accumulated enough BTC in your portfolio, you can wait for the deadline to end. Investing is for the future.

Gost ms I think you made a mistake with your quote, the quoted text was written by Ricardo11 and not Catenaccio please edit your post. That aside, you might have confused the entire post with just a few highlighted sentences.  What Ricardo11 was trying to say is,  no one can stay employed forever there are certain age restrictions which will eventually compel the employee to resign, however if you don't make good use of the opportunities now that you are still a an employee than there are chances that you may grow  bankrupted  after some years of retirement that is if you have a good saving else it would be a complete disaster of poverty.

One thing that's certain in bitcoin investment from historical view is that the earlier you start investing the better your chances of making more profits increases, however if history is to repeat itself then buying today would be the best decision anyone can make for themselves especially when the person in question is still in his youthful age. Historical views shows that the longer you hold the more profit you get, the youths are more privileged to benefit by starting early compared to those approaching their 70s,  which is why it's best to utilize the opportunity by making investment at an early age from your spare cash after meeting up all important needs for the month. Most salary earners do receive their pay at the end or beginning of a new month. Notwithstanding, if the person is still not certain whether or not his monthly salary will cover up all his needs with some residue he can wait until his payday and then use some part of the remainder from the previous pay to invest in bitcoin using the DCA strategy. The only problem is, accumulation with such budget and strategy can't go that far even after some few months or years.

What makes you feel that if the person in question uses only his discretionary income as you explained, to invest in bitcoin he wouldn't go far upto 4 years and above. Everything depends on proper planning and discipline. Discipline in the sense that you continue buying regularly with DCA even if it's as low as $10 consistently and persistently for 4-10.

I believe that an investor who wants to be consistent with his accumulation will have calculated down his weekly/monthly expenses down before the arrival of his salary so that he can make proper plan on how to spend it and how much will be his extra cash that he can put into bitcoin for that week. Don't underestimate a little beginning. It's better to start with little and have little bitcoin in the long run based on your own discretionary income than being a low coiner.

[JayJuanGee]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

Finance, income, jobs are very uncertain and you can not know what will happen with your jobs and income in future. If you have jobs, continue with them and don't quit your jobs and go full time on Bitcoin. It's very risky when you are only in your finnacial and wealth building progress.

Many discussions about it
Will you quit your day job to go full time on bitcoin?
Is It advisable to quit my present job for bitcoin?
Don't ever quit your job to trade crypto.
Job Vs Bitcoin.

It would be very myopic for an investor to quit his job just because he invested in Bitcoin, so what's going to be paying his bills till his Bitcoin investment get mature?

Because to the best of my knowledge, anyone that have no source of income has no business investing in Bitcoin because he needs to cater for his basic needs, and if he can't do that, he can't buy and accumulate Bitcoin consistently, and secondly, once that person in question quit his job and he has no other source of income, it would be just a matter of time before he or she sell off his holdings just to take care of his basic needs, so it would be a very terrible idea for an individual to quit his job just because he invested in Bitcoin, he doesn't know that the salary coming in from the job is what's going to be fueling the Bitcoin investment and make it increase in unit if he keeps on buying weekly or monthly from his paycheck once it comes.

Lastly, we all know that Bitcoin is not a get rich quick scheme, it would take years of investment and holding resiliently to be able to achieve something great, so if someone quit his job, his Bitcoin that he has already accumulated will be the only means he will survive from, so selling it will be inevitable, so in my own opinion, it would actually be a terrible idea to quit your job because you invest in Bitcoin, remember that Bitcoin investment is not a means of income that pays you weekly or monthly, so what's going to be paying the bills?

Wouldn't being able to either quit your job, or to lessen the amount of your laboring for money and/or being able to choose your own ways of occupation that might not be concerned about how much money you make be goals that many of us would be striving to achieve?

Getting to an overaccumulation status may well allow a person to start to sell his bitcoin and to be able to live off of his bitcoin... and yeah, sure, I agree with the overall premise that it could take a while to get to such status, yet it seems that building up our bitcoin to a high enough standard to be able to live off of it or to have our bitcoin supplement our other sources of income would be our goals.

I sent you a merit MusaPk, even though I think that your statement was a bit strong in the opposite direction..  yet I agree with your overall point that guys should be attempting to figure out how to invest into bitcoin whether time, energy and/or monetary value.

JayJuanGee it's always refreshing to listen from you  
 
I am of the view that Bitcoin is a valuable asset in which we all should invest for our benefit. If someone says that he doesn't have enough funds to invest and he is also not working hard to generate additional funds which can be invested in Bitcoin then it's his own fault to remain poor, the opportunity is waiting right in front of him.

I have been arguing both sides of this topic, and so yeah there might be some guys who have way more abilities to increase their discretionary income, yet they are not trying hard enough to increase their discretionary income. 

There are also some guys who are working on their future training or they might have certain kinds of obstacles that compete with their ability to earn money and/or to increase their discretionary income.

Without knowing details, I am not proclaiming that all guys not need to work harder to figure out their discretionary income and to get more serious about bitcoin, yet we do know that there is a high level of folks who are no coiners and/or low coiners who likely are putting themself into such a status by their own choices, so I suppose we could be attempting to address the no coiners/lowcoiners who are capable of improving their bitcoin accumulation levels

At the same time, I am proclaiming that we cannot always know why some guys might appear to be NOT working hard enough in order to increase their discretionary income so that they can buy bitcoin now rather than putting off their bitcoin investments into the future.

[edited out]

Bitcoin investors who are still lazing around are basically afraid to invest, maybe they are deprived of investment. Only those who are not afraid to take risks are ready to get the maximum benefits of Bitcoin investment, because Bitcoin investment has been important since the past. If an investor can follow the DCA method regularly, then he will definitely be able to achieve success.
 However, Bitcoin investment must be sufficient and the source of income must be good, then only then he will be able to follow the DCA method for a long time. Bitcoin investment is important for those people who are ready to take risks at any time.

Describing bitcoin as taking risk seems to be a strange view.

Sure everything is risky, yet when we invest, we can choose our position size, and we likely would be increasing our position size the longer that we are in bitcoin and the more comfortable we get with it through experience and/or learning.

We adjust our position size in accordance with our personal circumstances, including our perceptions of risks, which ultimately should be a framework of investing no more than we are willing to lose, even though no one should be investing into bitcoin with any goals of losing money.. yet at the same time, we can also recognize and appreciate that as long as we do not engage in leveraging, then the most that we could lose would be 100% of the amount that we put into bitcoin... yet at the same time, we may well recognize (the more that we learn about bitcoin) that bitcoin is amongst the best of asymmetric bets to the upside that is currently widely available to everyone and/or anyone with a discretionary income).

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

In changing the investment direction from old investment (Gold) to Bitcoin investment, sometimes someone can do it easily. I realized that in myself where at the end of 2015-2016 I stopped accumulating gold and chose bitcoin as a new investment that I followed up, but I made a big mistake in 2017 or to be precise under 2020. But after I studied it well and heard the stories of successful people in Bitcoin where they were able to survive in following up because they invested with money that was ready to be lost or not burdened in any condition.

In investing, the main thing we must avoid is gambling, because gambling made me make many mistakes in previous years. You cannot be calm in investing if your soul is a gambler. Peace of mind and focus in running investments are things that must be had so that we can Hold bitcoin for a long time.

A lot of people are naturally going to be tempted to trade and/or gamble - and with bitcoin we could end up getting very thrown off because we start to think that we can see its ups and downs and then to buy and sell according to what we see, yet, we also may well end up failing/refusing to recognize/appreciate how badly we can end up getting screwed if the bitcoin does some kind of stair step upward and we have little to no bitcoin during such upward stair-stepping, and so we end up with way fewer bitcoin than what we would have had if we had just stayed focused on ongoing bitcoin accumulation. 

Another thing is that any sales of bitcoin will contribute towards putting us into a waiting mode rather than a buying mode, and then if the BTC price goes upward while we are waiting, then we screwed ourselves again by not having close to as many bitcoin as we could have had and what we should have had if we had continued to stay focused on ongoing and persistent accumulation of BTC.

Regarding your gold bitcoin mistake, yep that is too bad.  A lot of folks have historically been drawn to gold, and they continue to be drawn to gold in recent times, yet they fail/refuse to recognize/appreciate that bitcoin is around 1,000x better than gold, so even if gold has been doing well in recent times, it is likely still going to continue to lose out to bitcoin, so likely it does not help anyone to have any gold allocation that is any greater than 10% the size of his bitcoin allocation, and even having gold that is 10% of bitcoin's allocation may well be too much, even though surely some guys cannot resist except to invest some allocation into gold and they may well be lured to invest more than 10% the size of their bitcoin investment size into gold.

[edited out]

What makes you feel that if the person in question uses only his discretionary income as you explained, to invest in bitcoin he wouldn't go far upto 4 years and above. Everything depends on proper planning and discipline. Discipline in the sense that you continue buying regularly with DCA even if it's as low as $10 consistently and persistently for 4-10.

I believe that an investor who wants to be consistent with his accumulation will have calculated down his weekly/monthly expenses down before the arrival of his salary so that he can make proper plan on how to spend it and how much will be his extra cash that he can put into bitcoin for that week. Don't underestimate a little beginning. It's better to start with little and have little bitcoin in the long run based on your own discretionary income than being a low coiner.

I agree with your overall point Sim_card that is it is way better to be investing into bitcoin with small amounts, and even whimpily rather than not at all, so guys (for their own good) likely need to be figuring out ways to ongoingly invest into bitcoin in accordance to their own abilities.

Surely there have been some guys who had historically invested 15% to 25% of their income into bitcoin over several years, and they have been set with their investment into bitcoin, yet at the same time we know that historical performance does not equal future results, so it can take a really long time to build up a bitcoin holdings if we are investing less than 10% of our income into it, yet guys have to figure out what they can do, and there are going to be some guys who are not able to invest 10% or more of their income into bitcoin based on their not having very much discretionary income, and they also might have trouble building up their discretionary income by increasing income and/or cutting expenses...

yet, even if a guy is challenged in his income, as long as he has discretionary income, he should do what he is able to do to attempt to invest into bitcoin as aggressively as he is able to accomplish.

[Rockstarguy]

While Bitcoin has the potential to be profitable over a long period of time we still have to tell ourselves the truth, that someone does not invest in Bitcoin doesn't generally means that the person will remain poor, that you are investing in Bitcoin shouldn't make you think that you are better or you will be better than those not investing.

Investing in bitcoin does not make you rich, and not investing doesn't mean you will remain poor, but what matters most about bitcoin investment is the gain you will make if you invest in it. The benefits of bitcoin are the financial stability you will gain from it. Those who are investing in bitcoin don't see themselves as better than those who are not investing; they are investing for themselves and do not care what other people are doing with their lives because bitcoin is personal. Bitcoin investment is important for every investor because they know the benefits of investing in bitcoin.

However Bitcoin investment is considered to be more of personal interest and that of financial ability but not doubt that one can still invest their time/energy in getting to learn how to invest in Bitcoin and decide whether to invest in Bitcoin or not while working on their financial circumstances.

There is no late entry in investing in Bitcoin; anyone can invest at any time and still make a good profit if they can hodl onto their Bitcoin. But one thing is for sure: you can't turn back the hands of time. That is why it is advisable to seize the opportunity and invest in Bitcoin now. It is better to invest in Bitcoin at a young age to be very stable for the future.

[DubemIfedigbo001]

I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.

It is not a good idea to quit your job and invest full time in Bitcoin. You can invest alongside your job. If you do not have a stable source of income, I think it would be better for you not to invest.

You do not need much to invest. You can invest only if you have basic knowledge about Bitcoin and faith in Bitcoin. You can be a smart investor, and you can get success and great profits through Bitcoin investment if you know the right capital management and investment strategy. Because you will not be trading, you will have to learn for 2 to 3 years. You will invest, you will continue to invest alongside your job. You will continue to invest by relying on your stable income. When you feel that you have accumulated enough BTC in your portfolio, you can wait for the deadline to end. Investing is for the future.

Gost ms I think you made a mistake with your quote, the quoted text was written by Ricardo11 and not Catenaccio please edit your post. That aside, you might have confused the entire post with just a few highlighted sentences.  What Ricardo11 was trying to say is,  no one can stay employed forever there are certain age restrictions which will eventually compel the employee to resign, however if you don't make good use of the opportunities now that you are still a an employee than there are chances that you may grow  bankrupted  after some years of retirement that is if you have a good saving else it would be a complete disaster of poverty.

One thing that's certain in bitcoin investment from historical view is that the earlier you start investing the better your chances of making more profits increases, however if history is to repeat itself then buying today would be the best decision anyone can make for themselves especially when the person in question is still in his youthful age. Historical views shows that the longer you hold the more profit you get, the youths are more privileged to benefit by starting early compared to those approaching their 70s,  which is why it's best to utilize the opportunity by making investment at an early age from your spare cash after meeting up all important needs for the month. Most salary earners do receive their pay at the end or beginning of a new month. Notwithstanding, if the person is still not certain whether or not his monthly salary will cover up all his needs with some residue he can wait until his payday and then use some part of the remainder from the previous pay to invest in bitcoin using the DCA strategy. The only problem is, accumulation with such budget and strategy can't go that far even after some few months or years.

What makes you feel that if the person in question uses only his discretionary income as you explained, to invest in bitcoin he wouldn't go far upto 4 years and above. Everything depends on proper planning and discipline. Discipline in the sense that you continue buying regularly with DCA even if it's as low as $10 consistently and persistently for 4-10.

I believe that an investor who wants to be consistent with his accumulation will have calculated down his weekly/monthly expenses down before the arrival of his salary so that he can make proper plan on how to spend it and how much will be his extra cash that he can put into bitcoin for that week. Don't underestimate a little beginning. It's better to start with little and have little bitcoin in the long run based on your own discretionary income than being a low coiner.

One of the mistakes investors or would-be investors make in handling their income properly is explicitly waiting for their income to come and then they attend to everything they call needs and even wants before thinking of investing into bitcoin. From experience, I would say this is a very big mistake. You've got to plan, else you've planned to fail, and you may not see the clear picture of your financial excesses and mistakes until you take it into planning and achieve some kind of accuracy in managing your cashflow.

It is always good to plan for the money even before it arrives, or when it arrives, be sure to plan on the usage of every penny before you start spending it. When you plan properly, you can carve out the portion that would handle your expenses with some tolerance (e.g if 40% of your income can handle expenses properly, you apportion 45% in case of any miscalculation) The rest can be considered discretionary income and you can use it to invest into bitcoin and build the variations of backup funds and floating cashes to prevent tampering your investment.

The more you plan your funds utilization properly, the more you would be able to easily maintain your consistency and dedication in your buying bitcoin since bad cashflow management practices wastes lots of income, but when it is planned properly, lots of funds that would have been wasted gets utilized properly and the investor would have more discretionary income available and may even consider increasing his aggressiveness.

[I_Anime]

A lot of people are naturally going to be tempted to trade and/or gamble - and with bitcoin we could end up getting very thrown off because we start to think that we can see its ups and downs and then to buy and sell according to what we see, yet, we also may well end up failing/refusing to recognize/appreciate how badly we can end up getting screwed if the bitcoin does some kind of stair step upward and we have little to no bitcoin during such upward stair-stepping, and so we end up with way fewer bitcoin than what we would have had if we had just stayed focused on ongoing bitcoin accumulation.

Especially those making use of leverages , thinking they could time the market knowing when is going up or down, with the full awareness that they can't tell or predict the market movement they can only speculate the market prices .

Just like this token name $AlPACA binance added them among the token they are going to delist soon , so the project started manipulating the market increasing the volatility of the token so many traders was running into it in the name of wanting to make some huge profits with a short period of time .

But the market moved in both ways once liquidating alot of folks funds , I saw someone that loss up to $10k , just imagine that same person investing that money in bitcoin , he or she would have been able to secure a nice stash for a start-up. But no...  Because of fast profit they lose it all  leading to waste of resources.

This is why I keep telling folks to be careful at there this space ain't no friendly one , you just got to be smart and make smart investments like investing in bitcoin and if you are having the thought of diversifying you can diversify in other things outside the crypto space , because you can't all your egg in one basket ( something like that ) you  

Investing in bitcoin does not make you rich, and not investing doesn't mean you will remain poor, but what matters most about bitcoin investment is the gain you will make if you invest in it. The benefits of bitcoin are the financial stability you will gain from it. Those who are investing in bitcoin don't see themselves as better than those who are not investing; they are investing for themselves and do not care what other people are doing with their lives because bitcoin is personal. Bitcoin investment is important for every investor because they know the benefits of investing in bitcoin

Investing in bitcoin is more of making good use of the opportunity will have now , is not everyday we gems like bitcoin and bitcoin has come to stay , you investing in it shows that you are being part of something great and yes is also brings financial stability, and the early adopters then can testify . Investing in bitcoin doesn't shows you are better than anyone, you are only. Doing it for your self and your generation, building something that will help yah in a long run , to invest and not to invest is base on one's choice .

[Ryu_Ar1]

I wouldn't say that those you are referring to as lazing around are doing so because they are afraid to invest but rather it could be that they lack knowledge about Bitcoin and that of good investment plans or approach, I don't consider Bitcoin as risky as lot of people talk about it since investing in Bitcoin doesn't limit us from enjoying ourselves and taking care of important needs, Bitcoin will keep surprising those that are very skeptical about it and making more ATH, there is nothing to be afraid of when we prioritize investing from our discretionary income, we can only prepare for what will happen at the top from the down.

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

Bitcoin does not need to prove anything to silence people who have different views because in the end in this case I think it all comes back to their respective perspectives and we cannot change anyone's stance by trying to prove ourselves that we are right and they are wrong.

I prefer to focus on my own goals in this case, not that I don't want to say that bitcoin can pave the way to a better direction but in the end instead of us being busy with other people's assessments of bitcoin it would be better if we just focus on what we do so that everything is good for ourselves.
Talking about investing all have their own views on this especially when talking about bitcoin, so why be busy to control other people's thoughts that are sometimes not in line with the thinking we do because in the end besides that it will waste time, it also won't make us develop because we are busy with other people and not busy preparing the investment we want to keep and I don't think it will also make bitcoin still be seen as good just because we seem to emphasize that bitcoin is right and those who have different views are wrong.

[promise444c5]

In investing, the main thing we must avoid is gambling, because gambling made me make many mistakes in previous years. You cannot be calm in investing if your soul is a gambler. Peace of mind and focus in running investments are things that must be had so that we can Hold bitcoin for a long time.

Gambling in this case works hand-in-hand with greediness.

Although some investors focus too much on the chart and price direction, they often fall victim to panic selling and then buy back when the price looks like it's recovering. Most times, they eventually end up buying high, thus losing some of their holdings. This can happen to anyone who focuses too much on price direction, and it's even worse if they are just starting out .

What's the easy prevention? Simply staying off the chart or price if you can handle it.

As for the greedy ones, they mostly learn the hard way when they eventually sell and all their expectations aren't met.

[JayJuanGee]

I wouldn't say that those you are referring to as lazing around are doing so because they are afraid to invest but rather it could be that they lack knowledge about Bitcoin and that of good investment plans or approach, I don't consider Bitcoin as risky as lot of people talk about it since investing in Bitcoin doesn't limit us from enjoying ourselves and taking care of important needs, Bitcoin will keep surprising those that are very skeptical about it and making more ATH, there is nothing to be afraid of when we prioritize investing from our discretionary income, we can only prepare for what will happen at the top from the down.

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

Bitcoin does not need to prove anything to silence people who have different views because in the end in this case I think it all comes back to their respective perspectives and we cannot change anyone's stance by trying to prove ourselves that we are right and they are wrong.

I prefer to focus on my own goals in this case, not that I don't want to say that bitcoin can pave the way to a better direction but in the end instead of us being busy with other people's assessments of bitcoin it would be better if we just focus on what we do so that everything is good for ourselves.
Talking about investing all have their own views on this especially when talking about bitcoin, so why be busy to control other people's thoughts that are sometimes not in line with the thinking we do because in the end besides that it will waste time, it also won't make us develop because we are busy with other people and not busy preparing the investment we want to keep and I don't think it will also make bitcoin still be seen as good just because we seem to emphasize that bitcoin is right and those who have different views are wrong.

I consider it a courtesy to be telling no coiners and low coiners about bitcoin, and yeah, in the end, they can do what they like.  There are going to be a lot of them left behind who have failed refused to get started in their bitcoin stacking journey, even guys who have capacities to accomplish such stacking.

Sure there is a certain waste of time to tell others about bitcoin, yet it is also a courtesy and perhaps a little bit of an obligation to at least let people know, especially family and friends.. but yeah, a lot of them will choose to continue to fail/refuse to act to get started in their bitcoin accumulation journey, and they will end up having to buy bitcoin at higher prices or go to the grave as a low coiner/no coiner.

[Catenaccio]

Wouldn't being able to either quit your job, or to lessen the amount of your laboring for money and/or being able to choose your own ways of occupation that might not be concerned about how much money you make be goals that many of us would be striving to achieve?

Getting to an overaccumulation status may well allow a person to start to sell his bitcoin and to be able to live off of his bitcoin... and yeah, sure, I agree with the overall premise that it could take a while to get to such status, yet it seems that building up our bitcoin to a high enough standard to be able to live off of it or to have our bitcoin supplement our other sources of income would be our goals.

This raises an importance of emergency fund as you can not live off pressure if you are always fearful that what will happen if an accident comes and you have empty fund to use in emergency especially if your Bitcoin investment portfolio is in loss at accidential time.

With investors, invest without pressure behind, without fear behind, without need to cash out bitcoin when you don't want to sell it, are very important for achieving investment success (with profit). If investors are investing but at the same time carrying all types of uncertainty, fear, pressure like this, it's more likely that with unstable psychology, loss will have higher probability to come rather than profit.

Let's be free from those things first, before achieving fiat system free and financial free.

[Lidger]

Wouldn't being able to either quit your job, or to lessen the amount of your laboring for money and/or being able to choose your own ways of occupation that might not be concerned about how much money you make be goals that many of us would be striving to achieve?

Getting to an overaccumulation status may well allow a person to start to sell his bitcoin and to be able to live off of his bitcoin... and yeah, sure, I agree with the overall premise that it could take a while to get to such status, yet it seems that building up our bitcoin to a high enough standard to be able to live off of it or to have our bitcoin supplement our other sources of income would be our goals.

This raises an importance of emergency fund as you can not live off pressure if you are always fearful that what will happen if an accident comes and you have empty fund to use in emergency especially if your Bitcoin investment portfolio is in loss at accidential time.

With investors, invest without pressure behind, without fear behind, without need to cash out bitcoin when you don't want to sell it, are very important for achieving investment success (with profit). If investors are investing but at the same time carrying all types of uncertainty, fear, pressure like this, it's more likely that with unstable psychology, loss will have higher probability to come rather than profit.

Let's be free from those things first, before achieving fiat system free and financial free.

If investment is a pressure for you, then you will never be able to maintain your investment for a long time, so you should always take investment lightly and always enjoy your investment. The first step to enjoying investment is to invest in the right coin and Bitcoin is always the right choice for investment. There are many coins in the market, but these coins are not safe for long-term plans, but the only safe coin is Bitcoin. Just as you can invest reliably in Bitcoin, you can also keep your investment in this coin for a long time.

You mentioned in your first line that an emergency fund is very important for investment, yes I will agree with you. An emergency fund is very important for every investor, but whether investors will be able to form an emergency fund along with investing is also a big question.

Now let's discuss the positive aspects of an emergency fund, that is why an emergency fund is formed so that if any financial problem arises, the continuity of investment can be maintained from that emergency fund. 
Now an investor may be able to invest well but there may come a time when it is not possible for him to invest.

At that time, the investor can invest using his emergency fund. By investing in this way, when he overcomes his financial problem, he can again deposit the amount of money he used from his emergency fund.
Basically, those who do not have any financial problems usually form an emergency fund and invest.

[Stormisover]

I wouldn't say that those you are referring to as lazing around are doing so because they are afraid to invest but rather it could be that they lack knowledge about Bitcoin and that of good investment plans or approach, I don't consider Bitcoin as risky as lot of people talk about it since investing in Bitcoin doesn't limit us from enjoying ourselves and taking care of important needs, Bitcoin will keep surprising those that are very skeptical about it and making more ATH, there is nothing to be afraid of when we prioritize investing from our discretionary income, we can only prepare for what will happen at the top from the down.

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

Bitcoin does not need to prove anything to silence people who have different views because in the end in this case I think it all comes back to their respective perspectives and we cannot change anyone's stance by trying to prove ourselves that we are right and they are wrong.

I prefer to focus on my own goals in this case, not that I don't want to say that bitcoin can pave the way to a better direction but in the end instead of us being busy with other people's assessments of bitcoin it would be better if we just focus on what we do so that everything is good for ourselves.
Talking about investing all have their own views on this especially when talking about bitcoin, so why be busy to control other people's thoughts that are sometimes not in line with the thinking we do because in the end besides that it will waste time, it also won't make us develop because we are busy with other people and not busy preparing the investment we want to keep and I don't think it will also make bitcoin still be seen as good just because we seem to emphasize that bitcoin is right and those who have different views are wrong.

I consider it a courtesy to be telling no coiners and low coiners about bitcoin, and yeah, in the end, they can do what they like.  There are going to be a lot of them left behind who have failed refused to get started in their bitcoin stacking journey, even guys who have capacities to accomplish such stacking.

Sure there is a certain waste of time to tell others about bitcoin, yet it is also a courtesy and perhaps a little bit of an obligation to at least let people know, especially family and friends.. but yeah, a lot of them will choose to continue to fail/refuse to act to get started in their bitcoin accumulation journey, and they will end up having to buy bitcoin at higher prices or go to the grave as a low coiner/no coiner.

Letting people around you know about the exisitence of such innovative asset like Bitcoin  is as  a way of promoting love among one another because they can act funny tomorrow when they will discover that have you have been in to it for long without telling them some might even see it as being selfish, you know humans can be very judgemental, it is ok to tell people while they will consider the risk and benefits and decides whether or not to invest.

[Tungbulu]

I wouldn't say that those you are referring to as lazing around are doing so because they are afraid to invest but rather it could be that they lack knowledge about Bitcoin and that of good investment plans or approach, I don't consider Bitcoin as risky as lot of people talk about it since investing in Bitcoin doesn't limit us from enjoying ourselves and taking care of important needs, Bitcoin will keep surprising those that are very skeptical about it and making more ATH, there is nothing to be afraid of when we prioritize investing from our discretionary income, we can only prepare for what will happen at the top from the down.

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

Bitcoin does not need to prove anything to silence people who have different views because in the end in this case I think it all comes back to their respective perspectives and we cannot change anyone's stance by trying to prove ourselves that we are right and they are wrong.

I prefer to focus on my own goals in this case, not that I don't want to say that bitcoin can pave the way to a better direction but in the end instead of us being busy with other people's assessments of bitcoin it would be better if we just focus on what we do so that everything is good for ourselves.
Talking about investing all have their own views on this especially when talking about bitcoin, so why be busy to control other people's thoughts that are sometimes not in line with the thinking we do because in the end besides that it will waste time, it also won't make us develop because we are busy with other people and not busy preparing the investment we want to keep and I don't think it will also make bitcoin still be seen as good just because we seem to emphasize that bitcoin is right and those who have different views are wrong.

I consider it a courtesy to be telling no coiners and low coiners about bitcoin, and yeah, in the end, they can do what they like.  There are going to be a lot of them left behind who have failed refused to get started in their bitcoin stacking journey, even guys who have capacities to accomplish such stacking.

Sure there is a certain waste of time to tell others about bitcoin, yet it is also a courtesy and perhaps a little bit of an obligation to at least let people know, especially family and friends.. but yeah, a lot of them will choose to continue to fail/refuse to act to get started in their bitcoin accumulation journey, and they will end up having to buy bitcoin at higher prices or go to the grave as a low coiner/no coiner.

Indeed, sharing Bitcoin knowledge to others could be seen as courtesy, especially to those who are close to you. Though not everyone would take action or hop on the bandwagon but that doesn’t really stop me from telling people about Bitcoin and its benefits, because I just might never tell who’s been waiting all his life to hear about Bitcoin, or who might immediately develop the interest to invest and benefit from just hearing and understanding what Bitcoin really holds for its investors.

Your point about the potential downsides of failing to invest in Bitcoin early on is spot on. As Waiting for so long could potentially result to buying at a very high price or completely missing out on potential buying opportunities, thereby ending in regrets when you finally realize that you should’ve really bought earlier. It’s not like it can actually be too late to invest in Bitcoin, but it’s always better to invest earlier and avoid waiting.

It’s essential to always approach conversation with patience and empathy when sharing your knowledge with newbies in order to avoid being misunderstood, or appearing kinda judgmental or pushy, because instead of igniting that curiosity and interest to jump on the train, this has the potential to do the opposite, by creating a form of resistance. And that’s why it’s important to focus more educating and sharing one’s experience in a more understandable way.

[Tonimez]

I wouldn't say that those you are referring to as lazing around are doing so because they are afraid to invest but rather it could be that they lack knowledge about Bitcoin and that of good investment plans or approach, I don't consider Bitcoin as risky as lot of people talk about it since investing in Bitcoin doesn't limit us from enjoying ourselves and taking care of important needs, Bitcoin will keep surprising those that are very skeptical about it and making more ATH, there is nothing to be afraid of when we prioritize investing from our discretionary income, we can only prepare for what will happen at the top from the down.

They are cautious with something they didn't utilize before - that's how it is, unfortunately/.

BTC will prove to them why they should change their stance on it either way.

Bitcoin does not need to prove anything to silence people who have different views because in the end in this case I think it all comes back to their respective perspectives and we cannot change anyone's stance by trying to prove ourselves that we are right and they are wrong.

I prefer to focus on my own goals in this case, not that I don't want to say that bitcoin can pave the way to a better direction but in the end instead of us being busy with other people's assessments of bitcoin it would be better if we just focus on what we do so that everything is good for ourselves.
Talking about investing all have their own views on this especially when talking about bitcoin, so why be busy to control other people's thoughts that are sometimes not in line with the thinking we do because in the end besides that it will waste time, it also won't make us develop because we are busy with other people and not busy preparing the investment we want to keep and I don't think it will also make bitcoin still be seen as good just because we seem to emphasize that bitcoin is right and those who have different views are wrong.

I consider it a courtesy to be telling no coiners and low coiners about bitcoin, and yeah, in the end, they can do what they like.  There are going to be a lot of them left behind who have failed refused to get started in their bitcoin stacking journey, even guys who have capacities to accomplish such stacking.

Sure there is a certain waste of time to tell others about bitcoin, yet it is also a courtesy and perhaps a little bit of an obligation to at least let people know, especially family and friends.. but yeah, a lot of them will choose to continue to fail/refuse to act to get started in their bitcoin accumulation journey, and they will end up having to buy bitcoin at higher prices or go to the grave as a low coiner/no coiner.

Indeed, sharing Bitcoin knowledge to others could be seen as courtesy, especially to those who are close to you. Though not everyone would take action or hop on the bandwagon but that doesn’t really stop me from telling people about Bitcoin and its benefits, because I just might never tell who’s been waiting all his life to hear about Bitcoin, or who might immediately develop the interest to invest and benefit from just hearing and understanding what Bitcoin really holds for its investors.

Your point about the potential downsides of failing to invest in Bitcoin early on is spot on. As Waiting for so long could potentially result to buying at a very high price or completely missing out on potential buying opportunities, thereby ending in regrets when you finally realize that you should’ve really bought earlier. It’s not like it can actually be too late to invest in Bitcoin, but it’s always better to invest earlier and avoid waiting.

It’s essential to always approach conversation with patience and empathy when sharing your knowledge with newbies in order to avoid being misunderstood, or appearing kinda judgmental or pushy, because instead of igniting that curiosity and interest to jump on the train, this has the potential to do the opposite, by creating a form of resistance. And that’s why it’s important to focus more educating and sharing one’s experience in a more understandable way.

Not investing in bitcoin is not what anyone should panic about. This is because bitcoin exercise is transitioning, it's market behaviour is also too notched with volatility. Early investment allows you gather not just your bitcoin stash but also gives you the leverage to gather experience and more knowledge about bitcoin. I still wouldn't blame anyone so much about not investing as at when you think it's early enough. What a "supposed" late investor actually misses is the experience and real knowledge that comes with repeatedly doing a thing; investing in bitcoin.

Somehow, about the bitcoin price is not the real thing about not investing early because bitcoin moves to and fro always due to it's volatility. Sometimes in July last year, bitcoin was about $63k and many happily invested and we're more happy when it crossed the $100k to $109k ATH. Bitcoin being an independent entity, through it's beautiful nature of volatility" still made a reverse to almost $70k in which anyone who missed last year's good price could also invest. The problem is not about investing late, I think it's pertinent to work more on the Psyche to let anyone see reasons to invest. Everyone is entitled to their opinion about every venture and bitcoin being a purely digital/abstract asset suffers backlash due to many factors ranging from internet frauds and scam projects.

We can do best by allowing anyone understand first that bitcoin is real, and instead of focusing on how early the person invests by either making him see bitcoin investment as a get-rich-soon kind of investment which would introduce another panic seller into the system. Teach a beginner rightly instead of blackmailing anyone into believing that it's almost too late to invest in bitcoin. No Matter what the price of bitcoin t, with proper orientation, anyone would invest at any point in time.