Buy the DIP, and HODL!

[Sim_card]

You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment.  Do it because it is good and effective for you.

It seems that you don't know the meaning of Dollar Cost Average (DCA). DCA is an investment strategy that gives you the opportunity to buy bitcoin with little amount of money that is your discretionary income consistently and persistently irrespective of the price of bitcoin. It's a strategy used to build your portfolio gradually slow and steady for a very long period of time.

It's not a strategy used to take care of your basic needs. You income should be used to take care of your basic needs and if there's extra cash left, you can use such for your regular DCA on your bitcoin investment.

[Bigjoe33]

DCA method is good for all investors, it doesn’t have to be the ordinary investor or the government before this method of investment can be used. If you look at the many opportunities you can get to accumulate more bitcoin using the DCA method, you may want to switch to it and not rely on other methods of investment when investing in bitcoin. Government may be large institutions who lump sum anytime they have the money to buy bitcoin, but they also use the DCA method also, but they do it strategically anytime there is an opportunity for it.

That is just the truth about the DCA method, which is why, now that they are aware of it, many individuals would rather use it while investing in Bitcoin. Because it made things easier and cheaper in terms of accumulating bitcoin, some people claim that there is an alternative technique to the DCA, but all I know is that the DCA method is the best option for investors.

Of course, the best proven strategy for investing in Bitcoin is the DCA strategy, firstly, it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility

The DCA strategy used to accumulate Bitcoin through your discretionary funds has been the best, no doubt about that, but to say that it helps you boycott or avoid market volatility, I don't it's right.  Firstly, what is volatility, it simple means the unstable or fluctuation nature of Bitcoin. It's means that the value of Bitcoin is not always stable and is always moving either upwards or downwards in value. This minute, it is increasing, the next minute, it increased more or drops. Just like that. That's what Bitcoin volatility means.

Therefore, accumulating Bitcoin using the DCA strategy does not stop the fluctuation nature of Bitcoin, Never! All it does it to allow an investor accumulate Bitcoin at his own pace using his discretionary income not minding the present value, either high or low. This has proven to be the best strategy as it ensures steady, peaceful and long term investment.

[Taskford]

You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment.  Do it because it is good and effective for you.

It seems that you don't know the meaning of Dollar Cost Average (DCA). DCA is an investment strategy that gives you the opportunity to buy bitcoin with little amount of money that is your discretionary income consistently and persistently irrespective of the price of bitcoin. It's a strategy used to build your portfolio gradually slow and steady for a very long period of time.

It's not a strategy used to take care of your basic needs. You income should be used to take care of your basic needs and if there's extra cash left, you can use such for your regular DCA on your bitcoin investment.

I'm confused on how he could use the DCA strategy to meet the basic needs of his family. For sure he's confused on the words he used that's why he just said all of those things.

But rather maybe it would be better if he said about that he should use their non discretionary income since this fund should be used on their mandatory expenses or needs.

The discretionary funds is flexible and if they have this funds they can use it to do DCA since by having that they can provably became more consistent in their investment on Bitcoin.

[Jostern]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

when you invest early definitely it has benefits, especially with strategies like DCA where consistency matters i think having at least a small emergency fund it is very important, even just 1 or 2 months of expenses you can create a safety net so that you will not be forced to pull out your investment early if unexpected happens. building both side by side it will be of good help, than depending on someone's financial situation.

Keeping an emergency fund is very important for investing in Bitcoin. Bitcoin is a matter of long-term investment. If you do not invest for a long time, you will never get the expected profit. Sometimes there is a high possibility of loss. And if you invest for a long time by following regular DCA, then you definitely need a backup fund. Because many times many types of financial problems come in people's lives. Then if you cannot solve that problem and if you need a lot of money, you can sell Bitcoin to solve that problem. And if the price of Bitcoin is relatively low at that time, then you will ultimately lose. So when you start investing with discretionary income, if you form an emergency fund along with the investment, you will be able to solve such financial problems in the future without selling Bitcoin.

You’re quite right, having a strategy to enable you to make investment in Bitcoin are very important, especially when you’re starting to invest it’s important to also try and be looking at your financial position and having a discretionary income after paying for normal expenses, just like you’ve said we can’t dispute the fact that Bitcoin should be a long term investment, that is why we should always make haste to accumulate and also having to sustainable investment that could benefit our investment and keep our investment safe from any future risk involved which is emergency funds and reserved funds this are just simple factors that can be able to sustain our investment in a long term, because we are not just investing for today, rather we are also making our investment for future. At some point we would definitely want to boost our finances and also try to manage our investments and increase our weekly and daily discretionary income to buy more Bitcoin into our portfolio.

[HajiBagi]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

Investing all of your savings in Bitcoin is not good idea, but it will not cause someone to have the mindset of long-term investment, if you are a low-income person, you should know how to invest in bitcoin and have something with you when you have any problems; you can't be sick and holding bitcoin; someone who is in good health is the one who can enjoy his investment because if you die, your investment is for another person, so try to make sure you don't invest all of your savings in bitcoin.

Before investing in Bitcoin, whether you are a low-income person or not, you should have a plan on how to buy bitcoin without encountering any difficulties. The DCA method has been beneficial to many people in their journey. The DCA method is the best way for you to accumulate bitcoin without putting any pressure on yourself; buy with any amount you can afford to buy right now and hold for a long time.

[SmartCharpa]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.

If you truly want to feel comfortable while investing in Bitcoin, it shouldn’t be done by putting all your income at once. But see it as a continuous process, whether the market is going up or down. This way, you won’t panic during price changes, but you will steadily accumulate Bitcoin over time.

[Wind_FURY]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.

That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.

But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.

[Loyang]

Yes, financial stability is crucial when investing in Bitcoin. Long-term investment in Bitcoin requires thorough preparation to ensure smooth operation. Then there's the matter of preparing an emergency fund when investing in Bitcoin. I think everyone has a different perspective on this. Some argue that a reserve fund can be built up once the Bitcoin investment is already underway. I personally agree with this, as there's no harm in doing so. The most important thing is to ensure that we can manage our Bitcoin investment while simultaneously building a reserve fund.

If, for example, we're investing in Bitcoin while building an emergency fund and find it quite difficult, I think that's not a good idea. So, what if we build an emergency fund before starting to invest in Bitcoin? I think that's possible. While it's true that doing this might miss out on a lot of momentum, perhaps when we start investing in Bitcoin, we'll be much more comfortable with an emergency fund. So, I think it all depends on each person's circumstances and readiness. Because basically both methods are equally good and have their respective advantages.

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

If we create an emergency fund before starting investing, we can fall far behind in our portfolio building and miss out on many buying opportunities. If someone does not have an emergency fund in advance, then it is best to create an emergency fund along with his investments. If you do not create an emergency fund, how will you cope with financial crises. And how will you protect your holdings. If you do not have an emergency fund, then you need to create an emergency fund along with your investments first.

[ejikeme24]

[Edited out]

[Edited out]

Of course, the best proven strategy for investing in Bitcoin is the DCA strategy, firstly, it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility

The DCA strategy used to accumulate Bitcoin through your discretionary funds has been the best, no doubt about that, but to say that it helps you boycott or avoid market volatility, I don't it's right.  

That is not what he meant, according to what he said that DCA strategy allows us to accumulate bitcoin at an average price. this means that with the help of DCA strategy that you're free to invest with any amount you know you can easily afford, he never said anything about boycotting I think you're the one getting it wrong here. In this aspect of avoiding market volatility I think what he meant is that if you're investing using the DCA strategy you won't be paying much attention to the market situation since you're investing with the amount you can easily afford even those who are just getting started and have chosen to adopt the DCA strategy don't always feel pressured. And yeah,  when you're buying in lump sum the feeling is always different that's for those investors who are not used to the market fluctuation.

[Shadiq]

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

If we create an emergency fund before starting investing, we can fall far behind in our portfolio building and miss out on many buying opportunities. If someone does not have an emergency fund in advance, then it is best to create an emergency fund along with his investments. If you do not create an emergency fund, how will you cope with financial crises. And how will you protect your holdings. If you do not have an emergency fund, then you need to create an emergency fund along with your investments first.

Although you are right about some things, I would like to introduce you to basic knowledge. You are trying to ignore the issue which is clear in your statement. You need to know that it is important to have basic knowledge before investing, if you do not have basic knowledge about investing then how will you start investing or how will you manage the investment in the initial stage?

You are right that if you have prudent money and desire to invest, then you should not delay in investing, but before that you need to acquire basic knowledge which should wait for some time. You do not have to spend much time to acquire basic knowledge, if you are a genius then it will take a few hours. I think you should give equal importance to your basic knowledge before starting investing as prudent money and mental preparation

[Finebone]

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

I don't think an investor needs a reasonable source of income to start investing in bitcoin, what an investor needs in other to start investing consistently is a discretionary funds, because their are so many folks out there that are earning quite a lot of money or a reasonable source of income as you claim that still can't invest in bitcoin because they they can't sorts out their discretionary funds, so in my own opinion, what a newbies investor needs in other to start investing in bitcoin is discretionary funds and the basic knowledge on Bitcoin and how to go about your Bitcoin investment.

[Fuso.hp]

People successfully doing trading and investing their profit might not be so many, but successfully trading and Investing profit is a great move but that's not for newbies (as in trading). Because newbies usually do not have the required knowledge and might be wasting hard earned money.
The fact is that trading is never a way of making profits from Bitcoin. It is a form of gambling with Bitcoin and gambling rely only on luck, and once someone gambles with it Bitcoin, they are likely to lose it easily. So, it is not encourage to trade, whether someone is a newbie or not. Even those who always claim to be experienced traders often lose their Bitcoin from time to time. In fact, many of them are not even making money through trading, but come out on social media to lie that they are profiting from it. But it's all a lie.

Bitcoin is the most reliable and popular digital currency, but there is no doubt about it, so we must use this currency correctly. If we think about investing in Bitcoin, it is always a good decision for the investor, but I do not know how successful those who plan more with Bitcoin can actually be.

First, let's find out the difference between trading and investment, trading usually refers to short-term trading, that is, a trader will buy a specific coin for a specific time (in this case, the trader can buy any coin) and seeing the changes in the market, he will sell his coins for a small profit. As I said, trading may seem easy to many, but there is a difficult reality behind it. Those who trade have to observe the changes in the market well at every moment, if their attention is diverted from the monitor for some time, then they have to wait a long time again to take a trade. So it is always a difficult task, especially for small profits. On the other hand, investment is a relatively easy and effective step for investors.  

For example, if an investor decides to invest in Bitcoin, that investor can purchase Bitcoin in any market situation and continue their investment over time.

So, I would advise any newbie not to ever think of trading Bitcoin. It is not a reliable way of making profits from Bitcoin, and it never will be. Trading just relies on luck  and the reason I say that is because Bitcoin is unpredictable, and what traders are doing is basically guessing.

Basically, investors are generally advised to invest in Bitcoin for a long-term purpose, when investors invest in Bitcoin continuously for a long time, then at the end of a certain period of time they will have the possibility of making a good amount of profit from this investment. So overall, it goes without saying that investing in Bitcoin is easier and more effective than trading.

[Jewan420]

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

I don't think an investor needs a reasonable source of income to start investing in bitcoin, what an investor needs in other to start investing consistently is a discretionary funds, because their are so many folks out there that are earning quite a lot of money or a reasonable source of income as you claim that still can't invest in bitcoin because they they can't sorts out their discretionary funds, so in my own opinion, what a newbies investor needs in other to start investing in bitcoin is discretionary funds and the basic knowledge on Bitcoin and how to go about your Bitcoin investment.

There is a big difference between reasonable income and discretionary income. The type of income source or the amount of income does not play a significant role in investing. The most important thing is whether the income source can provide you with discretionary money. Even if your income is $10k per month, it will not be suitable for investment if you do not get discretionary money from it. An income source that goes to $1k per month can also be suitable for investment, if it is possible to select discretionary money. That is, the expenditure based on your income will depend on whether your income source is suitable for investment or not. In some places, even though you get high salaries, it becomes difficult to set aside discretionary money due to inflation there. In some places, even though you get low salaries, it is easy to get discretionary money because there is no effect of inflation. This varies from place to place. So, instead of giving importance to the source of income for investment, give importance to the source of discretionary income.

[Lembo69]

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.
I don't think an investor needs a reasonable source of income to start investing in bitcoin, what an investor needs in other to start investing consistently is a discretionary funds, because their are so many folks out there that are earning quite a lot of money or a reasonable source of income as you claim that still can't invest in bitcoin because they they can't sorts out their discretionary funds, so in my own opinion, what a newbies investor needs in other to start investing in bitcoin is discretionary funds and the basic knowledge on Bitcoin and how to go about your Bitcoin investment.

It would be good to have discretionary funds and you will get benefits by investing. Even if the market is in a recession, disappointment will not be able to touch you. If you invest with the money you have freedom, then investing becomes very easy and affordable. For example, discretionary funds. And if you have knowledge about Bitcoin, then you will not have to worry about your invested money that much. An investor does not need a reasonable income to invest, if he has a strong desire to invest, then he can invest step by step through the DCA strategy.
And the DCA strategy will make investing easy and will also help in creating discretionary funds.

[Alonso_]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.

That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.

But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.

Yes there are scenarios here that we can look at, and this situations can actually be understandable where we have to look at our financial situation, and then consider how to approach the market, it could also depend if we have a different plans for the money, but if you should ask me if I have some money saved in the bank and I don’t have any use for that money and just all in the name of savings, I would prefer to withdraw all my money and invest it into Bitcoin, because bank will not give me any interest for saving my money, and my money will be at risk of getting hacked, considering that I have a job doing that I’m handle and I still do have my discretionary income as well to always accumulate on gradual process, and I could also think of invest the saved money portion by portion maybe on a weekly or monthly basis, I think that is the best thing to do instead of my money wallowing in the bank, I think we can possibly consider how much money that is and even married or single we could easily consider our options because it’s a future investment.

[JayJuanGee]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

A low-income earner can also invest in Bitcoin, but it should not be done by putting all their savings at once. In fact, even a high-income earner should avoid investing all their income in Bitcoin. The simple and most comfortable way, especially for someone with a low income, is to use the DCA method. With DCA, you buy Bitcoin either weekly or monthly, depending on the amount you set aside for continuous investment. At the same time, investment should be done with discretionary income, money you have left after paying your other needs, so you won’t be forced to sell your holdings in difficult times.

That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.

But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.

I doubt that marital status has much bearing except to the extent to which you might need to consult regarding financial and/or other important life matters.. . but the fact that you are married or not seems almost irrelevant.

Similar with your seemingly dumbass assumption about a single person without any responsibilities is able to go all into bitcoin based on his perception of BTC prices being below  the 200-WMA, as if that would be sufficient information - including your claim that a newbie attemtp to assess his perception of where we might be in the cycle or not.

Sure there are aspects of your considerations that overlap with relevant considerations, but still seem to be less complete than the 9 individual factors that are likely more relevant categories to consider.

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

If we create an emergency fund before starting investing, we can fall far behind in our portfolio building and miss out on many buying opportunities. If someone does not have an emergency fund in advance, then it is best to create an emergency fund along with his investments. If you do not create an emergency fund, how will you cope with financial crises. And how will you protect your holdings. If you do not have an emergency fund, then you need to create an emergency fund along with your investments first.

Although you are right about some things, I would like to introduce you to basic knowledge. You are trying to ignore the issue which is clear in your statement. You need to know that it is important to have basic knowledge before investing, if you do not have basic knowledge about investing then how will you start investing or how will you manage the investment in the initial stage?

You are right that if you have prudent money and desire to invest, then you should not delay in investing, but before that you need to acquire basic knowledge which should wait for some time. You do not have to spend much time to acquire basic knowledge, if you are a genius then it will take a few hours. I think you should give equal importance to your basic knowledge before starting investing as prudent money and mental preparation

You say that you need basic knowledge before investing, but what is the basic knowledge that you consider to be a prerequisite to investing in bitcoin?

In your last statement you say that is it important to have 1) basic knowledge (but you did not specify what that is), 2) prudent money (which I would conjecture to be discretionary funds)) and 3) mental preparations.. I am not sure what is mental preparations either and why you need it in advance.  Maybe if you describe the basic knowledge and mental preparations, I might start to understand why they might be necessary rather than something that can be developed along the way.

[Sonia_123]

If a person has a reasonable source of income and is willing to invest, then he should never delay investing. It is best to start investing first. You can do everything after investing. If you want to learn everything beforehand, then it will be too late to invest, it will never be the right decision. You have to start investing first and then you can learn a lot.

I don't think an investor needs a reasonable source of income to start investing in bitcoin, what an investor needs in other to start investing consistently is a discretionary funds, because their are so many folks out there that are earning quite a lot of money or a reasonable source of income as you claim that still can't invest in bitcoin because they they can't sorts out their discretionary funds, so in my own opinion, what a newbies investor needs in other to start investing in bitcoin is discretionary funds and the basic knowledge on Bitcoin and how to go about your Bitcoin investment.

There is a big difference between reasonable income and discretionary income. The type of income source or the amount of income does not play a significant role in investing. The most important thing is whether the income source can provide you with discretionary money. Even if your income is $10k per month, it will not be suitable for investment if you do not get discretionary money from it. An income source that goes to $1k per month can also be suitable for investment, if it is possible to select discretionary money. That is, the expenditure based on your income will depend on whether your income source is suitable for investment or not. In some places, even though you get high salaries, it becomes difficult to set aside discretionary money due to inflation there. In some places, even though you get low salaries, it is easy to get discretionary money because there is no effect of inflation.

You having a discretionary income has nothing to do with your monthly income, it has to do with self discipline and management on how you spend whatever money that comes to you, if not you still will not be able to have discretionary income that you will use in investing in bitcoin,there are a lot of persons that does not have a monthly income, but seasonal and periodical yet tends to do better in their investment than those monthly income earners because they believe that they don't have a constant flow of income and so they plan their investment budget towards their seasonal or periodic income which they will successfully achieve, But for the monthly earners, they feels they are always on funds therefore keep paying attentions on things they don't really need at the moment and ends up procrastinating or giving excuses of insufficient funds, no matter how little your monthly income is, if you are determined or see bitcoin investment necessary and important to you, you will work towards it and achieve it using the stress free strategy DCA.

Some persons really don't have any type of job be it monthly or seasonal, yet they are able to invest from what ever they get from friends and well wishers, family members before they start having their own personal income like joining any signature campaign in the forum or getting any other job .

What about a student that decided to save our of his little pocket money in other to invest in bitcoin from the beginning of his entry point in school,by his graduation he must have gotten some reasonable amount of bitcoin in his portfolio, it all depends on how you plan your life  to be.

[Fuso.hp]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

However, many people have a misconception about this urgent matter. Many people may think that it is mandatory to form an emergency fund for investment. Such an idea is completely wrong, investment is important to you, so do not take the pressure of an emergency fund into account in advance, but start investing in Bitcoin with the amount of money you have and continue to make this investment consistently.
After consistently managing the investment, when you feel that you have some money left at the end of the month even after spending all your expenses and investing, then you can form an emergency fund with that money.

Now coming to why you should form an emergency fund and what is its use, basically so that your investment is not irregular, that is why many investors form an emergency fund. The use of an emergency fund is when you have a financial crisis, but your investment may be irregular, so that an investor's Bitcoin investment is not irregular during a financial crisis, that is why those investors form an emergency fund with their own extra money and use it later. 

Once an emergency fund is used, when the financial situation of the person is normal, then the amount of money that he took from the emergency fund and invested in Bitcoin can be added back to the emergency fund. This way, every investor will not have the possibility of irregular investment. Since I have used an emergency fund, I know that this is a really effective strategy for investing in Bitcoin consistently.

[Nightwatchmare]

DCA method is good for all investors, it doesn’t have to be the ordinary investor or the government before this method of investment can be used. If you look at the many opportunities you can get to accumulate more bitcoin using the DCA method, you may want to switch to it and not rely on other methods of investment when investing in bitcoin. Government may be large institutions who lump sum anytime they have the money to buy bitcoin, but they also use the DCA method also, but they do it strategically anytime there is an opportunity for it.

That is just the truth about the DCA method, which is why, now that they are aware of it, many individuals would rather use it while investing in Bitcoin. Because it made things easier and cheaper in terms of accumulating bitcoin, some people claim that there is an alternative technique to the DCA, but all I know is that the DCA method is the best option for investors.

Of course, the best proven strategy for investing in Bitcoin is the DCA strategy, firstly, it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility, and secondly, it builds up a large capital in the long term by investing in small amounts regularly. All in all, there is no better strategy than DCA for long-term Bitcoin accumulation, DCA is a safe and usable way for all types of investors, and the right decision is to keep buying Bitcoin consistently.

I have no doubt that the DCA strategy is a proven strategy in accumulating Bitcoin because it has helped plenty low and high income earners succeed in their Bitcoin investment, but i disagree with you that the DCA strategy completely help investors to avoid market volatility because any investor holding Bitcoin won't completely avoid market volatility since volatility is the nature of bitcoin. When it comes to volatility, the DCA strategy only help us to reduce the volatility in our Bitcoin portfolio since we will be buying Bitcoin at different prices.

[Tonimez]

The DCA strategy is so efficient that it saves you from wasting your time waiting for dips that may not happen and keeps you on continuous accumulation of bitcoin as long as you are diligent in maintaining your DCA approach. This keeps you a bit far from getting stucked to the bitcoin chart which could get you scared of buying bitcoin at any point in time due to Market Volatility. DCA is an acceptable strategy for both the high and low income Earners and can allow you to have a timeline towards achieving your bitcoin goal and over accumulation.

..., but i disagree with you that the DCA strategy completely help investors to avoid market volatility because any investor holding Bitcoin won't completely avoid market volatility since volatility is the nature of bitcoin. When it comes to volatility, the DCA strategy only help us to reduce the volatility in our Bitcoin portfolio since we will be buying Bitcoin at different prices.

It all depends on individual translation of what it means to avoid market volatility. DCA strategy is a good strategy because it allows investors to bypass the influence of matket volatility on our decision making during the bitcoin account process since the investment amount is set and could be automated. Investors buy by fiat amount and not by bitcoin price which allows you buy at highs and lows and also helps you hold for a long time because it is financially less stressful when wisely allocated.