Buy the DIP, and HODL!

[Jewan420]

Yes, you are very correct about this sir,  most Bitcoin investor don't know that the key to long term investment is good financial management because if you can not be faithful with little, you equally can not be faithful with much, some people thinks that you must be wealthy before you can invest in Bitcoin comfortably, they didn't know that a good financial management is the brain behind every Bitcoin investor that has accumulation not just a good stash of Bitcoin over the years, but have also hold without tempering with it all those while.

Good financial management really makes the investor's path easier to succeed in long-term investment. I even agree with you that good financial management is the key to success in long-term investment. I even want to add investment management to it.

You don't need to be rich to start investing or to be successful in investing. Rather, you need a prudent source of income and good financial management that is built around your position. If you are skilled in financial management and can work according to the plan, then maybe the journey of long-term investment is going to be much easier for you. Then your morale, patience and concentration will take you to the end of success. Even if we don't forget about our investment management, we can say that good financial management and investment management are the keys to success in long-term investment.

[Derekfunds]

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

Regretting when you can still do something on that particular thing you are regretting about is more like lack of wisdom. Some of the people that are regretting now if they would have invested back then some would even sell there Bitcoin before now ( premature ) because of how long it took Bitcoin to grow to this extent. Is it late to invest now? NO it is not late to invest now and as such there is no need to regret because you can still make it if you follow the due process well. You are right dude, but making massive profit within 4-10 years depend on investor dedication and the rate at which they are Investing.

[Kelward]

However, as far as I feel, investment should never be taken as pressure, if an investor thinks before investing that he can invest $50 per month, then I would advise him to invest $40 per month. The reason for giving such advice is that there may be times when money may be needed, but at that time the investor is not able to invest in the same way, so he should invest $40 and keep the remaining $10 in his emergency fund so that he can use it in any danger and so that his investment remains consistent even during financial disasters.

Yes, investment should never be taken as pressure so that we will not invest wrongly, but if it's because an investor decided to invest $50 per month with either the DCA strategy or the lump sum strategy you are saying that investment should never be taken as pressure, you may be wrong that the investor is under pressure because you don't really know the income size and the discretionary income size of the investor to determine if he's overaggressive in his bitcoin investment. Before an investor will decide to invest $50 per month with either the DCA strategy or the lump sum strategy, the investor is fully aware that he's supposed to make provision for his emergency funds after or before starting a Bitcoin investment, which I believe he has made available for his emergency funds before he decided to invest $50 into Bitcoin, so if there's any emergency in the future, he can easily take care of it and continue investing in Bitcoin consistently.

Our responsibilities differs, one investor can conveniently use $50 to accumulate Bitcoin periodically in his DCA strategy while another can't. I don't like to use specific amounts to give examples of how much to buy Bitcoin with, I prefer to use percentage of income. Before buying Bitcoin as an investor you need to have a budget for your total income, priotize your needs according to their importance then allocate them appropriately.

For most investors that understands financial management it's their basic expenses that determines the percentage of income that enters into their discretionary funds. Basic or primary expenses are mostly constant so if it's 60% of your income covers it that means that the remaining 40% is for secondary needs and it'll fall into your discretionary fund. There you'll make a sub budget for the percentage of money that goes into every areas of your secondary needs. You need to priotize again to determine the amount for Bitcoin accumulation, emergency funds and the rest, it is basic economics.

[Cryptohygenic]

, I must admit I still regret not starting my Bitcoin earlier.

What will be the benefit of your regret? You made mistakes in the past but don't make mistakes now. In fact, we have to learn from mistakes, if you can't correct yourself yet, then you will have to regret again in the future. So you should not regret, but focus on the future and continue to invest in Bitcoin. However, we can say that we are still in the initial stage, because the price of Bitcoin will not remain stable here, the price of Bitcoin will increase a lot in the future. If you start investing now and can hold for 10-12 years, you can profit a lot. Those who have succeeded in investing in Bitcoin must have held for a long time, to be profitable by investing in Bitcoin, you have to invest for a long time. So don't regret, if you start investing now, you will feel happy in the future.

Well it is possible that there would be no remedy to make up for the regrets, mistakes are normal in life, but what would be more important is trying to move on from that mistakes and make up for the opportunity missed by investing in Bitcoin and accumulating aggressively when the opportunity presents itself to do it more aggressively and also trying to be careful so we don't over do it that it will affect our Bitcoin portfolio, definitely there will be limit to a level we can get to be making our investment aggressive, but we should also understand that we've to know our limit depending our our level of discretionary income, and sometimes we might also think of increasing our discretionary income to be more aggressive in accumulation, like we can decide to cut off some expenses that might not be that necessary, like for example we can decide to reduce some expenses that goes to alcohol and cigarettes and instead of buying some expensive clothe, and clubbing we can actually decide to cut off some of that expenses and generate more discretionary income from there. Which is very important in this stage of accumulation.

A lot of them are still behind the windows regretting why they never bought bitcoin while some have already taken decisions and determined to Invest on bitcoin and such persons are we (those invested in the mid-time) which are not the first timers neither the last timers and yet, we are happy.
Interesting part of it is that even while the others think they are late in the market, those who bought just recently are still making plans to buy more in the future while the others lies on saying they are late and are full of regrets.

Those who are already buying Bitcoin will definitely be ahead from others and those who follow them and take decisions after knowing about the potential of Bitcoin will also be able to increase their portfolio. But it will be a regret for those who did not increase their attention to accepting Bitcoin even after getting the opportunity. There are many investors who have sufficient money but are not investing in Bitcoin, but when Bitcoin increases even more, the same regret will be created among these investors, which has no value. In the past, many people neglected to invest in Bitcoin when they got the opportunity, and there will be many such people in the future, but those who are prudent will foresee and take appropriate decisions in advance.

Like the saying that ignorant of the law is not an excuse, when you grows old and still remains poor, it is your fault because while others where busy planting financial seeds, you were watching and felt they were all jokers. Then grew up neither old and still don't want to make some difference decisions but yet you want to see some difference. I think you will end up perishing under igbirants.
Bitcoin has gone viral and internationally admired in both private and government sectors, so, why do some people still feel skeptic about it even when they have some good knowledge about it? Some are just behind there saying they knows about bitcoin but they don't or can't invest in it. meanwhile they have thriving on how to maximize our diversify their source of income. I just think some people in life decides to ordinarily be anti over positivity.

[348Judah]

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

Yet another opportunity for some to regret why they have not invested, instead of getting better for them, they are rather going worst because they will be there still watching bitcoin as it continue in making all time highs till we are done for the season.

Invest when the market falls and sell when it rises, use the DCA approach to maximize your profit opportunity and be a long time investor, who can hodl for long, all these are what will be bring us more closer to what we wanted to see in cryptocurrency.

Happy all time all and more to come in anticipation, keep buying the deep and holding.

[SmartCharpa]

Yes, investment should never be taken as pressure so that we will not invest wrongly, but if it's because an investor decided to invest $50 per month with either the DCA strategy or the lump sum strategy you are saying that investment should never be taken as pressure, you may be wrong that the investor is under pressure because you don't really know the income size and the discretionary income size of the investor to determine if he's overaggressive in his bitcoin investment. Before an investor will decide to invest $50 per month with either the DCA strategy or the lump sum strategy, the investor is fully aware that he's supposed to make provision for his emergency funds after or before starting a Bitcoin investment, which I believe he has made available for his emergency funds before he decided to invest $50 into Bitcoin, so if there's any emergency in the future, he can easily take care of it and continue investing in Bitcoin consistently.

I agree that we should not invest because of pressure or fear of missing opportunities. However, just because someone decides to invest $50 every month does not mean they are under pressure or making a mistake. We have different incomes, problems and goals that we want to achieve. I want you to realize that before someone starts putting money into Bitcoin, whether it's $50 every month using DCA or a lump sum, they've already studied it through. Some responsible investors usually save money for emergencies before they start investing. So that $50 is just extra cash that they are not relying on for bills or daily expenses.

However, we can not judge someone because of the way they are investing until we know what their financial situation is. Some people earn more and can afford to invest without risking their life, while others may not have much but wish to build something for the future by starting small and being consistent. Furthermore, at the end of the day, what matters is that the person makes good plans to ensure that they are not putting their life or family at risk in order to invest. If they are comfortable with the amount they wish to invest and are prepared for emergencies, spending $50 a month is not a bad idea.

[AVE5]

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

And in other words of JJG, you've not lost the opportunity to buy bitcoin in referencing your past and your regrets in the present time. You only lost/missed the opportunity to buy on the lower price which of course are sometimes price aren't repeated in the bear market due to it liquidity and institutional supports .
That's to those who pins their regretful excuses only to buy at the Dip or those with the excuses to buy when the price goes dipper.
In some really word of Investments, opportunities comes but once where you'd buy valuable assets at cheaper rate but those buying in the higher rate are still said to own same quality of asset (bitcoin) with equilibrium opportunities of making profits.
Perhaps only the price entry differs. But everyone both late and early investors are liable to make profits on the go of the price increase while hodling maximizes your chances of making good profits.

[Silikiem]

If someone invests with knowledge about digital economic infrastructure, blockchain technology, cryptocurrency and Bitcoin and understands how they work well, then this can be a modern and groundbreaking step, but if you invest not blindly but with awareness and a long term perspective, you can definitely expect something good from it.

Hopefully guys are not expecting to need to know about shitcoins in order to understand bitcoin first.

And even with bitcoin, there is no need to attempt to have extensive knowledge prior to getting started investing in bitcoin.  Many folks should get started with bitcoin and focus on bitcoin first and learn about bitcoin while they are learning about their cashflow management.  They do not need to learn about shitcoins and crypto and blockchain technology and mumbo jumbo.. They may well need to learn to figure out if they have a discretionary income or not so that they can get started buying bitcoin, and sure maybe they do not know very much about bitcoin when they first start except looking at a price chart and seeing that the price has tended to go up and down and maybe realizing that it is not guaranteed to continue to go up, and maybe they start out in bitcoin and they are pretty sure that they have $100 per week that they could invest in bitcoin if they were to have confidence in bitcoin, yet they might be nervous about bitcoin, so they might purposefully start investing $30 per week until they get more comfortable to hopefully be able to increase their investment amount to $100 per week and perhaps greater and greater amounts.. and it can surely take some time for any newbie to become comfortable with bitcoin, even though surely some guys learn faster than others, and some folks have more experience in their investing and/or cashflow management practices than others, too..

Such a true fact and I agree with you JJG that one mustn’t have all the knowledge about bitcoin before getting started in investing in bitcoin, rather all you need is just to figure out your discretionary income to start investing. The decentralization in bitcoin makes it obvious that you can’t control or predict exactly what will happen next even if you gain all the knowledge in bitcoin investment, because personally I think that the reason why most folks will tend to gain all the knowledge in bitcoin before they start investing is because they are probably wanting to control the outcome of their investments to always be favorable to them, but if that’s the reason then it’s a wrong move and that time you’re wasting and trying to know everything, you should be using it in accumulating bitcoin and gradually build up your portfolio with a long term investment strategy. Once you’re desirous to venture in bitcoin investment, all you need is just a basic knowledge which is nothing more that figuring out your discretionary income and start investing as soon as possible, then as time goes on you’ll be able gain more experiences while you’re accumulating bitcoin. In conclusion , the best way to learn and know about bitcoin investment is by getting started with your investment immediately you dream of it.

[Baki202]

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

There is no situation that is too late or too early. Whenever it is convenient to invest, they should make use of the opportunity to invest because from the time you invest, you will notice that the time has changed. You don't have to wait for the price to drop, unlike the way people have been doing it, because when the opportunity was open years back, people did not really take things seriously, and from what they saw, they did not expect bitcoin to appreciate to this level. And does that have belief from the beginning? This is one of the benefits of investing early, and the price will continue to rise and will only come down to strike a balance.

And when you are committed and you know what you want from the market, then you don't even need people to encourage you. From having goals to meet to meeting them, this is how a lot of people have been made. When you are serious about the market, that is when it will be very easy because when you are not committed, it shows that there is no interest at all because there will be a thirst for more knowledge, so these are all part of the hustle.

[DubemIfedigbo001]

Hopefully guys are not expecting to need to know about shitcoins in order to understand bitcoin first.

The truth is that most people came to know bitcoin after meddling with shitcoin and got rugged and scammed on different occasions and such people wanting something more authentic and real on the digital space came to bitcoin which is the future of money and started out accumulating it. The deal is that they should try not to introduce their gambling mindset which they used to associate with shitcoin into bitcoin unless they want end up with fewer coins than they had set out to accumulate, that is if they end with any.

you still do not need a very deep knowledge of bitcoin to get started into your accumulation journey, largely what you need is to know how to buy it from exchanges and if you have discretionary income available and the strong will to accumulate bitcoin with an accumulation target and a long-term plan, you can continue your accumulation journey into bitcoin and learn better about it as you advance into your accumulation journey, while learning accurate cashflow management and building out your backup funds alongside your accumulation journey.

[sotelorene]

Like the saying that ignorant of the law is not an excuse, when you grows old and still remains poor, it is your fault because while others where busy planting financial seeds, you were watching and felt they were all jokers. Then grew up neither old and still don't want to make some difference decisions but yet you want to see some difference. I think you will end up perishing under igbirants.
Bitcoin has gone viral and internationally admired in both private and government sectors, so, why do some people still feel skeptic about it even when they have some good knowledge about it? Some are just behind there saying they knows about bitcoin but they don't or can't invest in it. meanwhile they have thriving on how to maximize our diversify their source of income. I just think some people in life decides to ordinarily be anti over positivity.

Bitcoin is a great investment that someone should venture into If they have all it takes to start and on the other hand it is not a must to invest. Anyone who don't want to invest is that persons business and if they have regretted before concerning Bitcoin because they had the opportunity but didn't make good use of it,  they will still regret later if they didn't invest now. The funny part is that some of those people who are regretting they didn't invest before because of how they see Bitcoin then are still seeing Bitcoin same way till now and that is why some of them have not invested.

[Emjay24]

Yes, you are very correct about this sir,  most Bitcoin investor don't know that the key to long term investment is good financial management because if you can not be faithful with little, you equally can not be faithful with much, some people thinks that you must be wealthy before you can invest in Bitcoin comfortably, they didn't know that a good financial management is the brain behind every Bitcoin investor that has accumulation not just a good stash of Bitcoin over the years, but have also hold without tempering with it all those while.

To add to financial management in long term bitcoin investment is standing on business. If you stand on business about bitcoin long term you will not be cajoled to selling off because of bad cryptocurrency move or any influencers manipulation.

I suppose you mean negative price correction of bitcoin. When there is a negative price correction, it presents the investors an opportunity to buy more quantities at reduced prices, same as the dips. Investors need not be discouraged since they are going on a long term journey, but remain dedicated and committed to their buying bitcoin and enlarging their portfolios consistently. Influencers deceive lots of weak investors by instilling fear in their minds, but we ought to pay deaf ears to the noise coming from outside and remain focused and stay true to our resolution to secure our financial future in bitcoin.

Several years of dedication to our accumulation journey can give us such financial backing that we may choose not to work anymore after retirement, and can choose to live off our investment using sustainable withdrawal methods.

[Emylion]

[edited out]

Bitcoin is a lifetime opportunity. Those who are waiting or still have doubts today about whether to hold Bitcoin or not will realize that they have missed an opportunity of a lifetime. Not only to make money, but also to be at the forefront of a decentralized economic structure. The price of Bitcoin will increase or decrease in the market, which is the case with any investment. However, in weak hands, they will lose these things. If we take less, how safe is it really? If we look at small, medium and experienced investors, we will see that they have made small investments and got real value at the right time.

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

I think that there are a lot of us here, who are active in this thread, who consider buying on dip to be inferior to DCA and also problematic for newbies to get overly caught up about BTRC price rather than just ongoingly buying bitcoin regularly, persistently, consistently and perhaps even aggressively, which is quite a bit more difficult to accomplish with a buying a dip strategy, unless the buying the dip strategy merely supplements the DCA and/or even lump sum buying approach.

Even buying the dip strategy isn’t so easily overcomes especially for those that are new into Bitcoin. You tend to face 2 type of challenges which are,
1. Knowing that this is the dip and price wouldn’t further dip from this point
2. Having faith in Bitcoin to go up as it usually does (you often find newbies in Bitcoin fighting within themselves speculatively).

That’s why, the ‘I don’t care’ what the price is which is usually the attitude about the DCA strategy always works best and is usually achieved rather easily. In fact in a way, it keeps your greed in check because, you look forward to a long term goal rather than short term.

Newbies are in the wrong mindset if they consider buying the dip as their only or their main strategy.  Sure, it is possible and maybe even reasonable to supplement with some dip buying preparations, but it is likely better as a side strategy rather than a primary strategy.

Of course, each person is responsible for choosing and following his own strategies, even though frequently, there has been a tendency for folks to be too timid in their DCA, and they would have had been better off to be a bit more aggressive.

What does BTRC means? I didn’t get that.

A typo.  BTC.

[edited out]

... Smoking cigarettes in some part of the world is a basic practice for majority of those living there due to the amount of cold and weather conditions they face. So how would you advise someone going through a thick winter period not to smoke cigarettes or coffee just to save money for bitcoin. Let's not be carried away by what we know about bitcoin and we end up forgetting that we need to take care of yourself at all time.

People have to figure out for themselves what they consider to be basic expenses that are required for living or basic expenses to keep at a certain social status or basic expenses in order to avoid penalities.

They have to be able to distinguish basic expenses from discretionary expenses, and sure sometimes the line is not clear.

Maybe there are ways to save $200 per month on rent, but a person specifically chooses to have a higher lifestyle and to pay $200 per month more, and that lifestyle may well become part of the person's perceptions of what are basic expenses.

People who have various luxuries have more places that they could potentially cut down what they perceive to be their "basic" expenses, but there also may well be some costs to cut down on some of the expenses... maybe twice a month you take you spouse (or partner) to a restaurant that costs around $80 for each of the trips. You get pleasure from those tips and both of you get various benefits, yet these costs could be cut in part or in total, yet some of the pleasure might get cut too... So the choices are not always easy to figure out which costs might be cuttable within reason.

[edited out]

I think it is not necessary to be having some certain lifestyle when you’re on your accumulation stages, well bitcoin doesn’t stop you from having fun, but sometimes as a low income earner that is investing in bitcoin I think it’s wise to reduce some expenses so that are unnecessary expenses to help and increase your discretionary funds to accumulate more, well it was never said you shouldn’t dress well or feed well but you could reduce some expensive lifestyle if there is any to prevent you from accumulating more, If you read and understand what I’ve said we could cut off and reduce some unnecessary lifestyles. For me I think it isn’t wise to be having fun with my income when I have Bitcoin to accumulate.

For sure, not everyone is starting from the same place, and there are some people who are quite poor, live in an area where it is difficult to improve their income and they may even have various family obligations (or health problems) that keep them from being able to increase their discretionary income.. .... so if a person is more challenged in his situation, he has to attempt to be more organized in order to potentially attempt to make up for some of his disadvantages.  Surely a guy in his early 20s would likely be in a better place to potentially improve his employment opportunities  as compared with a guy in his 40s, 50s or 60s and sometimes if a guy has lived a considerable amount of his life within certain kinds of employment and practices, it might become even more difficult for him to both identify a way out and to be able to pursue that way out.

Sometimes health conditions start to kick in, and some folks have the misfortune for their health to start to deteriorate earlier rather than later, and some of that might be due to their life style choices and other parts of that might either be coincidence (luck) or genetics.

I agree that sometimes there are needs to cut out some of the "having fun," and to either defer some of the gratification or maybe to spend a bit less time having fun, and structuring less "fun time," and surely none of us can tell any other person how much fun they should have or not have, and they are in the better position to judge their balance of fun, even though sometimes objectively someone might look from the outside and consider that there are some folks who might have their priorities mixed up and they are coming to poor lifestyle choices that likely will end up negatively affecting their future wealth.

If someone invests with knowledge about digital economic infrastructure, blockchain technology, cryptocurrency and Bitcoin and understands how they work well, then this can be a modern and groundbreaking step, but if you invest not blindly but with awareness and a long term perspective, you can definitely expect something good from it.

Hopefully guys are not expecting to need to know about shitcoins in order to understand bitcoin first.

And even with bitcoin, there is no need to attempt to have extensive knowledge prior to getting started investing in bitcoin.  Many folks should get started with bitcoin and focus on bitcoin first and learn about bitcoin while they are learning about their cashflow management.  They do not need to learn about shitcoins and crypto and blockchain technology and mumbo jumbo.. They may well need to learn to figure out if they have a discretionary income or not so that they can get started buying bitcoin, and sure maybe they do not know very much about bitcoin when they first start except looking at a price chart and seeing that the price has tended to go up and down and maybe realizing that it is not guaranteed to continue to go up, and maybe they start out in bitcoin and they are pretty sure that they have $100 per week that they could invest in bitcoin if they were to have confidence in bitcoin, yet they might be nervous about bitcoin, so they might purposefully start investing $30 per week until they get more comfortable to hopefully be able to increase their investment amount to $100 per week and perhaps greater and greater amounts.. and it can surely take some time for any newbie to become comfortable with bitcoin, even though surely some guys learn faster than others, and some folks have more experience in their investing and/or cashflow management practices than others, too..

From my observations alot of those that claim to be DCA are just buying low and selling high, the reason why I said this is because of the recent fomo that affected a lot of them and we saw that recently when the price of Bitcoin did a temporary dip and most weak hands began to handout their Bitcoin holdings, this make me to discover that most of those that claim to be long term Bitcoin holders are just investors for the good time, and not intended to hold they Bitcoin for long.

You are talking about traders and not investors, but you are referring to them as if they were investors.

What point are you wanting to make about the people that you are supposedly seeing to be a lot of people in bitcoin who claim to be DCAing?  

There are a lot of people who mix up trading and investing, and hopefully you are not going to get lured into such a trap.

You sound like you are interested in what the traders are doing, when you likely need to be focused on yourself, and surely if you have been in bitcoin for 3.5 years, like your forum registration date suggests could be the case, then surely you might be starting to get into a good position in regards to your having had been able to build your bitcoin position and to be soon able to get through a whole four years.. but yeah, maybe you are thinking about playing this here particular bitcoin price wave rather than continuing to accumulate bitcoin.  

Surely it is possible that a person in with your bitcoin timeline might have had been able to get into a position of overaccumulation, and so that would give you more options if you have gotten to overaccumulation status, but even if you have gotten to overacccumulation status, you still likely have to be careful in regards to how much bitcoin you might choose to sell and if you are planning to buy back cheaper or if you might be merely selling within a price-based sustainable withdrawal or time-based sustainable withdrawal approach.  From my experience, usually price-based sustainable withdrawal would be easier to start to employ, but still I would not anticipate that guys sell bitcoin with expectations of buying back cheaper..  even though sure, you are free to do whatever you like in regards to your bitcoin management practices... if you think that you might have had gotten to an overaccumulation status.

I recall seeing other posts from you in the past that causes me to believe that you likely have been employing trading strategies, which it becomes way the fuck more difficult to ever reach overaccumulation status if you are fucking around trading and believing that you might be able to sell and buy back cheaper.

Think about the last 2.5 years. The BTC price has been mostly going up from its $15,479 bottom in November 2022 until now, and yeah there have been some price dips during the past 2.5 years, but guys who have been focused on BTC accumulation (especially aggressively and persistently) have probably done way better than guys who had been trying to fuck around trading during that timeline.

I think that there are a lot of us here, who are active in this thread, who consider buying on dip to be inferior to DCA and also problematic for newbies to get overly caught up about BTRC price rather than just ongoingly buying bitcoin regularly, persistently, consistently and perhaps even aggressively, which is quite a bit more difficult to accomplish with a buying a dip strategy, unless the buying the dip strategy merely supplements the DCA and/or even lump sum buying approach.

So, yeah a lot of folks get confused by this thread's title, including the OP author Wind_FURY who frequently flip-flops around on the topic... proclaiming that he is an advocate of buying the dip, then saying he is o.k. with DCA, but then going back to buying the dip as if it were the best way forward, even though he ignores his own history in regards to his having had been disadvantaged by his own employment of waiting rather than ongoing buying strategies.

You're right, sir, but we can choose a strategy that we think is better for Bitcoin investment. While some people prefer to wait for dips and buy using the DCA strategy, I believe combining the two strategies is the best idea for Bitcoin investment. We prioritize regular weekly purchases as our first choice, and buying during dips as our second, because no one knows when dips will occur.

Of course, you have to figure out what works for you, and surely any brand new person to bitcoin woudl likely be way better off to figure out ways to stay focused on persistent, ongoing, regular, consistent and perhaps even aggressive bitcoin buying, which likely would not be productive to be trying to figure out how dips might fit into such plan.

Surely, the longer that any of us are in bitcoin, then the growth of our already existing bitcoin stack might help to justify to tweak the strategy and perhaps even to moderate towards buying on dips and even further down the road, the DCA portion might get completely removed and such person with a larger BTC stack might start to decide to ONLY accumulate during dips.

Beginner bitcoin investors are not in such a place, so they likely are better off to mostly focus on DCA, yet whatever they decide is within their choice, and surely if they are able to lump sum then they are also in a different position if they have those kinds of lump sum opportunities that might not be available to some folks who are merely relying on their regular income and even determining that they don't have a lot of discretionary money, so they are doing their best to figure out how to balance out their cashflow so that they can invest every week and DCA seems to be the best option available for them... and commonly, guys might not feel a lot of conviction for bitcoin, and they may well be learning about bitcoin, and yeah the longer they are in bitcoin and the longer that they are able to both invest in bitcoin on a regular basis and learn about it, then they may also start to feel justified to tweak their BTC accumulating approach, and even after a year or two investing in bitcoin, they may well might have had gotten their cashflow position into a stronger place and even put together their back up funds and gotten used to how to manage such back up funds, so surely the more their cashflow management systems are strong and their bitcoin investment is taking root, then the more they might be able to incorporate buying on dip systems into what they are doing.

The DCA buying strategy offers us greater comfort without the pressure of price changes, which is why we choose DCA. However, what's most regrettable are those who continue to wait to buy Bitcoin; they don't take a stand, as if they're not prepared for what they're doing, making their statements unreasonable.

Of course if a person has a lump sum amount that comes available to him such as $2,500, and he had been buying $100 worth of bitcoin every week for the past year, then he may well realize that the $2,500 is the equivalent of the past 6 months that he had been buying bitcoin, and surely it would not necessarily be best for the guy to DCA with the additional $2,500, but instead it might be prudent for him to also consider 1) buying right away and/or 2) buying on the dip as two other possible ways to invest the $2,500 into bitcoin.. there is no one exact correct answer, yet I doubt that DCAing that money is necessarily the correct answer.

Another thing is that DCA may well be employed as a way to buy as much bitcoin as a guy can buy as soon as he gets the money, so he is not using DCA to defer his BTC buys or in order to buy bitcoin at various prices, since he does not necessarily want to buy bitcoin at various prices, he prefers to buy bitcoin at the lowest price that he is able to buy it, yet since he has no clue if the BTC price is going to go up or go down, when ever he gets money that he can authorize to buy BTC, he buys right away with that money.. which is also known as DCA... So DCA can be aggressive or whimpy or somewhere in between, it is completely within the realm of each of our choices to figure out how aggressive or whimpy we would like to be in our DCA approach... We can also end up being overly aggressive, so we have to figure out a balance that does not cause us to get recked..

Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcons, he can be cheated at any time.

Yeah, diversifying our investment is good, but since we are still early in Bitcoin investment, it is good for us to remain focused on our Bitcoin investment and forget about diversifying our investment for now so that we will not get distracted. It would even be better if we used the money for diversification to front-load our Bitcoin investment so that we can increase the size of our Bitcoin holding. Maybe when we have accumulated the quantity of Bitcoin we want, we can then think about diversifying our investment or, better still, start accumulating Bitcoin again.

I do not think diversification is really a bad idea as long as you are not considering diversifying into shitcoins. You can save alongside your accumulation of bitcoin to diversify into another profitable venture like maybe real estate or agriculture, it helps create a more sense of security and balance on your investments as a whole. What tends to distract us is when we shift our gaze from investing to gambling, and in this case it might be shitcoins involvement or even trading without relevant skills(better off if you can avoid it totally).

I would still propose not diversifying when you have not come to some maturity in your cashflow management and is able to maintain consistency in your accumulation journey for a while. If an investor is able to maintain consistency in his accumulation journey for a year or two or even a whole cycle, such a person can think of diversifying into other profitable portfolios without harming his ongoing accumulation of bitcoin.

You can choose at whatever point you believe diversification to be appropriate for you, and surely if you have a small budget, such as $100 per week and you have been  investing a couple of years into bitcoin, you may well not even be near a point in which diversification would be justified, yet of course, it is up to the person if he wants to put money in other places and then potentially end up having to reduce their bitcoin investment to a lower weekly amount... because whenever you divesify, you are taking money that could have had been put into bitcoin.... so even if you keep investing in bitcoin, it is surely not obvious that your bitcoin investment had not been affected.

You can plot it out on a chart.  Go back 1 or 2 cycles, and then have a guy start out investing $100 per week into bitcoin for 1-2 years, and then after the first 1-2 years, he invests $50 into bitcoin and $50 in some other asset.. choose whichever one you like.  The guy who stayed focused on bitcoin is likely going to have had done way better than the person who chose to invest into inferior assets... and yeah we see those examples frequently, and guys can do what they like and suffer the consequences of their decisions, either way.

By the way, even a guy who invests 25% of his income into bitcoin, it is going to take him 4 years to get to a point that he had invested a whole year's income into bitcoin.. and maybe by then  there might be some justification to diversify, but I have a hard time considering scenarios of a guy investing smaller amounts and/or even shorter periods of time starting to conclude that there might be some value in diversifying into other investments, even though surely there are a lot of folks who consider diversification as if it were a good thing, even for relatively newbies.

Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcons, he can be cheated at any time.

Yeah, diversifying our investment is good, but since we are still early in Bitcoin investment, it is good for us to remain focused on our Bitcoin investment and forget about diversifying our investment for now so that we will not get distracted. It would even be better if we used the money for diversification to front-load our Bitcoin investment so that we can increase the size of our Bitcoin holding. Maybe when we have accumulated the quantity of Bitcoin we want, we can then think about diversifying our investment or, better still, start accumulating Bitcoin again.

How do you intend to diversify your investment when you have not even gotten to the middle of your accumulating journey? diversifying your investment when you have not yet acquired a reasonable amount don't make much sense to me. As a no coiner what you need to do is to keep accumulating bitcoin since is your first choice of investment then after which you have gotten to the status of overaccumulation then you can start looking into diversifying into other assets, because bitcoin investment need to be giving much attention than any other crypto investment since bitcoin is the only crypto currency we are sure of it good potential in the future, aside from bitcoin investment I don't think if there's any other crypto currency that one can think of diversifying into.

Permit me to say as a newbie, diversifying too early might not be effective when, as a newbie, the primary goal is to build as much of a long Bitcoin portfolio little by little, plus having a belief that Bitcoin really has a strong future potential which warrants focused investment, and once a substantial Bitcoin portfolio is really established, diversification into other assets can be considered.

Either too early or not, as a newbie you are not suppose to diversify your investment because you are still in your building up stage, the only time you can diversify is when you have reached your over accumulation stage, then from the over accumulation you diversify not all your investment but part of it and then continue to be accumulating, because it will be wrong to see all your investment after you have reached your over accumulation stage that took you about over three to four cycle to invest in the bit to diversify, make your starting your investment from zero level again, it will be very unhealthy for that investor, because it shows that the investor does not really understand what investment for long-term is all about.

I continue to wonder why members keep repeating the wrong statement, which is that you cannot diversify until you have reached overaccumulation status.

That clearly is not correct.

You know had I know will always come at last, it's like beholding your way to liberty but choose to run away from it and later regret it when it might have become too late, and again in this present days now we have many doubting Thomas and with things happening around the world people are being mindful of themselves, but little did they know that Bitcoin is a kind of final destination to financial stability and a life time investment because with the level of speed Bitcoin is moving Manny are definitely gonna regret it why they didn't take the chance by then it might be too late, that's why I keep urging my friends to invest in Bitcoin because it must pay off.

[HelliumZ]

Do you think someone who buys Bitcoin aggressively can lose all their capital? If a person is invested in Bitcoin for a long time and has an emergency fund and if he buys Bitcoin aggressively with his discretionary income, I don't think he has a chance of losing his capital, rather he can enrich his Bitcoin portfolio by buying aggressively.
Whether a person buys aggressively and in whatever way he buys, if the money for the Bitcoin he buys comes from discretionary income, it always seems safe to me.
If it comes to investing, and if it's in Bitcoin and you have a reasonable income, then your advice for people is to buy, buy, buy and take care of it, without worrying about losing your capital.

If you can accept the risk, you will make a profit in the future, and it must be on Bitcoin. If you invest aggressively and recklessly in other altcoins other than Bitcoin, there is a 100% chance of losing that capital. So I would not recommend investing in other coins other than Bitcoin for now.
However, when it comes to investing in Bitcoin, I don't think it's reasonable to invest in the same market at the same time, and in this case, I would definitely add to the portfolio using the dollar cost averaging (DCA) method, as there is a variation in profit.  So I would suggest instead of aggressively buying Bitcoin, instead, you should invest in different markets at different prices at different times using the DCA method to grow your portfolio. And take care of the Bitcoin you hold.

[Nheer]

There is no situation that is too late or too early. Whenever it is convenient to invest, they should make use of the opportunity to invest because from the time you invest, you will notice that the time has changed. You don't have to wait for the price to drop, unlike the way people have been doing it, because when the opportunity was open years back, people did not really take things seriously, and from what they saw, they did not expect bitcoin to appreciate to this level. And does that have belief from the beginning? This is one of the benefits of investing early, and the price will continue to rise and will only come down to strike a balance.

Well, When it comes to investing timing is really flexible so don't stress yourself too much about it you can always start when you are ready. Investment should done whenever one is convenient as waiting for the dip seems like a waste of time and opportunity. Doesn't really matter when you buy in if you plan to hold for a long time because Bitcoin has the potential to increase in price over time. Over the years we have all seen how it has grown.

Everything being said I just have a little advice for new inventors is to start small and gradually increase as they gain experience and also they need to set out clear investment goals which is to hold for a long term and not deviate from it no matter what happens. The market can be tricky at times but that doesn't calls for panicking.

[danadc]

when you buy in if you plan to hold for a long time because Bitcoin has the potential to increase in price over time. Over the years we have all seen how it has grown.

That's what needs to be clear, if I have the option to buy BTC, I do it Right now we're hitting new ATHs, yesterday at $112k, today at $116k, Are there still doubts about investing in BTC? Not to mention when we're 10 years from now, we can say that investing today can make us rich tomorrow 10 years go by fast. I'm only saying 10 years as a measure of time to hold on.

[As-Soon-As]

when you buy in if you plan to hold for a long time because Bitcoin has the potential to increase in price over time. Over the years we have all seen how it has grown.

That's what needs to be clear, if I have the option to buy BTC, I do it Right now we're hitting new ATHs, yesterday at $112k, today at $116k, Are there still doubts about investing in BTC? Not to mention when we're 10 years from now, we can say that investing today can make us rich tomorrow 10 years go by fast. I'm only saying 10 years as a measure of time to hold on.

There is no doubt about a person investing in Bitcoin, because the price of Bitcoin has been above $100k for a long time. And it has been faithfully surviving in the market for a long time, which is our pride, where there are big investors and thousands of investors in this Bitcoin. We should never be afraid of investing in Bitcoin, not only in investing in Bitcoin but in any real business.
You should never be afraid to participate in any business by taking risks, if you start investing in Bitcoin, it must be at least ten years old. You can hold it for 10-20 years according to your ability, you will benefit the most.

[Mr Reporter]

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better but opportunities are not lost for those guys who are just getting started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

Your message is a good one which i see you trying to encourage those who many have missed out on bitcoin's investment early days to take action now, but do don't get me wrong most people mean some newbies don't like the part of been giving an adivise for potential of the future growths and reward.

That is why it's always adiviseable that it never to late to jump into the bitcoin trend because most newbies are having this worng mindset that stated does opportunity still exists or sand if am interested in bitcoin investmen? But to me i think little they know that many opportunities still exists for those just starting with Bitcoin accumulation regardless of when you begin, pulse as a newbie instead of dwelling on past decisions begin many some years ago, it really better to focus on starting now, having this at the back of your mind as a newbie starting consistency pulse patience are the majority key here in the bitcoin accumulation world and aslo the part were you did made mention of accumulation bitcoin for over 4-10 year or more with discretionary funds can lead to a big time significant potential profits if the cards are been played well.

[JayJuanGee]

Bitcoin is a lifetime opportunity. Those who are waiting or still have doubts today about whether to hold Bitcoin or not will realize that they have missed an opportunity of a lifetime. Not only to make money, but also to be at the forefront of a decentralized economic structure. The price of Bitcoin will increase or decrease in the market, which is the case with any investment. However, in weak hands, they will lose these things. If we take less, how safe is it really? If we look at small, medium and experienced investors, we will see that they have made small investments and got real value at the right time.

Yeah, Bitcoin really is a generational opportunity like you said, not just for profit, but for being part of something bigger than the current system.
 But like Jayjuangee said, it is not over for those who are just waking up to it now, there’re still opportunities to catch up with..

Yes, the early movers maybe big in it already.. But I believe the key is to stop waiting for the so call perfect time. The important thing is starting.

Waiting for a right time is not an option.

Sure it is an option to wait, but it is dumb.

Anyone new to bitcoin should get started investing into bitcoin whether it is $100 per week, $10 per week or some other amount that they believe is reasonable for their circumstances.

Sometimes when I see people complain about bitcoin price hike and how they're waiting for dips to reinvest in bitcoin I almost wonder how they intend to do that. Come to think of it, some, bitcoin came into existence 16 years ago and I can bet that some people who were not born then now invest in bitcoin. Likewise years to come, some unborn investors are still hoping to join bitcoin and what would they have to do with the past dips? What matters now is starting. The earlier the better because the price you buy today may never resurface anytime soon.

At least you recognize starting to be a better option than waiting.

Another factor I believe causes delays in bitcoin investment by waiting for dips is lump-sum investment strategy. People who invest by lump-sum are more prone to waiting for dips before investing.

If they have a lump sum they have options and they can divide their lump sum into three parts to employ all three options 1) buy right away, 2) Defer by time (DCA), 3) defer by price (that might not happen, buying on dips).

They are not necessarily prone to only do one thing if they think through the three options.

This is why I personally prefer and encourage investment by DCA. DCA approach allows you invest minimally and bearably without stress. Also, DCA approach allows you to ignore the bitcoin price while focusing more on injecting your fiat DCA allocation into bitcoin. Here, the emphasis is on your DCA allocation (percentage of your Discretionary income for investment) and not the bitcoin market price (checking the amount of bitcoin a given lump-sum could acquire).

Dips are good for additional buys in the event of any unannounced income or extra rights for aggressive buys. Newbies have to learn rightly  before thinking of aggressive buys.

DCA tends to be a good way to get used to investing in bitcoin and also building up good cashflow management practices... so yeah, they might choose to be less aggressive in the beginning while they are getting used to regularly investing into bitcoin, whether it might be weekly or some other timeline frequency.

However, as far as I feel, investment should never be taken as pressure, if an investor thinks before investing that he can invest $50 per month, then I would advise him to invest $40 per month. The reason for giving such advice is that there may be times when money may be needed, but at that time the investor is not able to invest in the same way, so he should invest $40 and keep the remaining $10 in his emergency fund so that he can use it in any danger and so that his investment remains consistent even during financial disasters.

Yes, investment should never be taken as pressure so that we will not invest wrongly, but if it's because an investor decided to invest $50 per month with either the DCA strategy or the lump sum strategy you are saying that investment should never be taken as pressure, you may be wrong that the investor is under pressure because you don't really know the income size and the discretionary income size of the investor to determine if he's overaggressive in his bitcoin investment. Before an investor will decide to invest $50 per month with either the DCA strategy or the lump sum strategy, the investor is fully aware that he's supposed to make provision for his emergency funds after or before starting a Bitcoin investment, which I believe he has made available for his emergency funds before he decided to invest $50 into Bitcoin, so if there's any emergency in the future, he can easily take care of it and continue investing in Bitcoin consistently.

It is correct to suggest that systems of buying bitcoin can be put in place in order to not feel stressed out about the investment, and there is no need to build an emergency fund prior to getting started investing in bitcoin.  An emergency funds can be built simultaneously to investing in bitcoin.

Yes, you are very correct about this sir,  most Bitcoin investor don't know that the key to long term investment is good financial management because if you can not be faithful with little, you equally can not be faithful with much, some people thinks that you must be wealthy before you can invest in Bitcoin comfortably, they didn't know that a good financial management is the brain behind every Bitcoin investor that has accumulation not just a good stash of Bitcoin over the years, but have also hold without tempering with it all those while.

Good financial management really makes the investor's path easier to succeed in long-term investment. I even agree with you that good financial management is the key to success in long-term investment. I even want to add investment management to it.

You don't need to be rich to start investing or to be successful in investing. Rather, you need a prudent source of income and good financial management that is built around your position. If you are skilled in financial management and can work according to the plan, then maybe the journey of long-term investment is going to be much easier for you. Then your morale, patience and concentration will take you to the end of success. Even if we don't forget about our investment management, we can say that good financial management and investment management are the keys to success in long-term investment.

You do not need a steady income to invest into bitcoin.  All you need is discretionary funds. Sure if you have a steady income, then you are in a better position to invest in bitcoin, but it is not necessary to have a steady income to get started investing in bitcoin.

That is one of the ongoing faults in thinking.  Even though earlier is better, opportunities are not lost for those who are just starting out.

In other words, it is best to get started as soon as possible because there is no way to turn back the clock to go back and buy bitcoin that you had previously neglected to buy.

you correct JJG even though early is better opportunities are not lost for those guys who want get started with bitcoin. As it's stands now regret is not the best solution for those guys who neglected bitcoin years back. the best solution for those guys who neglected bitcoin years back is to get started with bitcoin instead of regretting, why because bitcoin is a coin full with potentials, even if anyone is just get started with bitcoin today and stay consistent and committed in accumulating bitcoin with his or her discretionary income and hold for long term, less say 4 to 10 years or longer that person will stay make massive profits there is no doubt about it.

Yet another opportunity for some to regret why they have not invested, instead of getting better for them, they are rather going worst because they will be there still watching bitcoin as it continue in making all time highs till we are done for the season.
Invest when the market falls and sell when it rises, use the DCA approach to maximize your profit opportunity and be a long time investor, who can hodl for long, all these are what will be bring us more closer to what we wanted to see in cryptocurrency.

Happy all time all and more to come in anticipation, keep buying the deep and holding.

Hopefully guys are not fucking around with shitcoins and better to stay focused on bitcoin first before getting distracted into shitcoins.

Hopefully you know the difference between bitcoin and shitcoins 348Judah since you had chosen to use the work cryptocurrency, and if you were really talking about bitcoin, then why didn't you just say bitcoin?  Probably because you don't know what bitcoin is.  Hopefully you learn what bitcoin is and learn how to use the word bitcoin if you are referring to bitcoin because otherwise people might not know what you are talking about and they might even believe that you are telling them to invest in shitcoins, which truly would not be a good idea.

[len01]

Bitcoin is a lifetime opportunity. Those who are waiting or still have doubts today about whether to hold Bitcoin or not will realize that they have missed an opportunity of a lifetime. Not only to make money, but also to be at the forefront of a decentralized economic structure. The price of Bitcoin will increase or decrease in the market, which is the case with any investment. However, in weak hands, they will lose these things. If we take less, how safe is it really? If we look at small, medium and experienced investors, we will see that they have made small investments and got real value at the right time.

Yeah, Bitcoin really is a generational opportunity like you said, not just for profit, but for being part of something bigger than the current system.
 But like Jayjuangee said, it is not over for those who are just waking up to it now, there’re still opportunities to catch up with..

Yes, the early movers maybe big in it already.. But I believe the key is to stop waiting for the so call perfect time. The important thing is starting.

Waiting for a right time is not an option.

Sure it is an option to wait, but it is dumb.

Anyone new to bitcoin should get started investing into bitcoin whether it is $100 per week, $10 per week or some other amount that they believe is reasonable for their circumstances.

Waiting can waste valuable time when investing in bitcoin. For example, if the current price is $116k and we decide to wait for it to drop to $110k or $105k, we risk missing out, especially if bitcoin ends up rising to $130k. At that point, we might find ourselves waiting again for it to return to $116k before buying. In my opinion, this cycle of hesitation only causes us to miss the opportunity to buy at a lower price.

You do not need a steady income to invest into bitcoin.  All you need is discretionary funds. Sure if you have a steady income, then you are in a better position to invest in bitcoin, but it is not necessary to have a steady income to get started investing in bitcoin.

I totally agree with this. A lot of beginners are unsure or even a bit scared to start investing. They're usually worried about covering their living expenses and don't feel confident spending money without a stable income. What many don’t realize is that even after taking care of their basic needs, there’s often a little bit left that could go toward buying bitcoin.