If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.
Most Bitcoin investors today started as a trader, and the reason they switched to full time investing in Bitcoin is simply because of the constant losses and when they finally got to a point where they felt like giving up, and at that point they look for something else to invest their money and time in, and when they discovered that investment in Bitcoin is a lot easier and more profitable, they decided to go that route.
Though it is always difficult from the start for such people because they are used to chasing quick profit but with time they will get used to it because most of them attain the right knowledge on how to go about their investment from the right source, but it's only those that got wrongfully adviced that decided to gamble on alt and shit coin ignorantly, but what am trying to say is that investment in Bitcoin is a lot easier when you are well informed from the start.
I am not saying that a newbie bitcoiner has to be well-informed from the start, but instead, I am saying that newbies need to get started, and there may well be good chances that any newbie is able to learn as he goes, including switching over from a trading mindset into an investment mindset, at least when it comes to bitcoin.
The only requirements that I have been suggesting in order to get started is to have discretionary funds and also to have common sense. With each of those two things, there is enough to get started. Discretionary funds should be clear, which is money that exceeds what is needed for expenses, which means that the money can be spent on anything, which would include bitcoin. Is the amount of those discretionary funds $10, $100, $1,000, $5k, or some other amount? Of course, the higher the amount of the discretionary funds, then the more options (or the more to work with).
With common sense there would likely be incentives to learn and to not lose money, so even if a person starts with $30 per week, even if he might know that he is capable of investing $100 per week, common sense might tell him that he can get used to the process by starting out with $30 per week, and then move up to $100 per week once he gets comfortable and even after he studies bitcoin and even after he comes to realize that bitcoin is an investment rather than a trade. Getting started helps to inform, guide and inspire, and common sense helps to give direction and priorities. I assume that at least 97.5% of normal people have common sense, yet they still might need to spend some time practicing with it and learning what they know and what they don't know, so in that sense an overwhelming majority of folks already have all of the skills needed to get started investing in bitcoin, even if they might well have to pace themselves in order to get started investing within their means and to learn the various specifics related to bitcoin and related to cashflow management as they go.
Bitcoin can serve as a vehicle to inspire normie newbies to learn about investing in bitcoin and to strengthen their cashflow management systems and practices, and there may well be quite a few newbies to bitcoin who will be in a quite an unorganized and even chaotic situation at the time that they get started in bitcoin, yet when the start to look into bitcoin and figure out how to buy their $30 per week without overdoing it, then perhaps after a few weeks they are spending time studying bitcoin and organizing themselves better in terms of figuring out their income and their expenses. They might even decide to increase their allocation to bitcoin after a few weeks or consider other funds that they might be able to move into bitcoin, yet it can take time to become comfortable with bitcoin and there might need to be some cautions in terms of really learning or just getting excited, so emotions will need to be controlled too.
There is no reason to delay getting started in bitcoin based on being in a bad situation, even though a person with common sense has to attempt to measure his circumstances and his emotions, yet it sure may be the case that some folks are going to have needs to prioritize putting some time into organizing their finances better and maybe projecting their cashflow in order that they can comfortably move up from their starting out amount at $30 per week and into their ability to invest at $100 per week. Some people learn faster than others, and some people have more life experiences than others, and common sense should help folks to understand their strengths and weaknesses.
The route of organizing is not going to be the same for everyone, yet I am not going to presume that people are not able to do it or they need to already be well-informed and/or organized before getting started, since all they need is discretionary income and common sense to get started, they can work on their level of informedness and their level of organization, and surely if they are not comfortable, then they reduce their position size, even though getting started continues to be an important thing, so it may well be too rash if they are not comfortable enough to at least put $10 in to get started.. and then study the matter and figure out what they are going to do the following week after they study the matter. It seems to me that if a person has common sense, then they are likely going to need to engage in some amount of measuring in regards to how much they are able to start with. And, remember, I had already assumed that they had calculated that they have discretionary funds, yet if they are not sure if they have discretionary funds, then they are going to have to figure out that part first, since it is necessary that they have discretionary funds in order to get started investing in bitcoin, otherwise they would be gambling rather than investing which is a bad way to start in bitcoin and gambling is not something that someone with common sense would want to do, which as I mentioned I do not recommend gambling and/or trading when it comes to bitcoin.
If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin.
If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.
If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.
Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.
If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.
This is a very grounded take. Bitcoin isn't about hoping money grows quickly; its about allocating true discretionary capital with clear intent. And if someone invests money without emergency fund and the money they would later need, it's Not bitcoin's failure but rather poor planning.
Discretionary funds and emergency funds are not the same thing.
Emergency funds can be built as a person is investing in bitcoin. They do not need to exist prior to getting started - except it makes no sense to not have any back up funds, since anyone could end up making mistakes in regards to calculating his expenses and it should be a goal that the bitcoin is being protected and prioritizing not having to tap into the bitcoin for 4-10 years or longer..
For example, maybe a person has $100 in his pocket, and he can get started investing in bitcoin. Now if the guy gets paid once a week around $200 and so he has to spend half of his income on expenses, then the other half is discretionary funds, yet if he has no other money, then it would be foolish for him to spend the whole $100 of his discretionary funds on bitcoin.
Maybe he would only spend $50 on bitcoin and save the other $50 as back up funds until he gets his next paycheck in the next week... and he might have some additional unexpected expenses between paychecks. So he can figure out ways to build up his back up funds and his bitcoin at the same time.
This mainly occurs when people are impatient who don't have a proper road map and plan but are eager to invest To Double,triple/ multiply their money like they have seen online. The moment you buy, you should be ready to lock away that capital for years and if there's hesitation, starting small to gain conviction is reasonable and wise.
You do not have to have a roadmap before you get started investing in bitcoin, even though you are correct that there should be a mental framework that if you are investing in bitcoin, then the money is going to be locked up for a long time, perhaps 4-10 years or longer.
At the same time, to get started investing in bitcoin, all you need is discretionary funds and common sense. You don't need a road map to start investing in bitcoin. You can learn as you go as long as you have discretionary funds and common sense.
Getting started is important, yet if a person might have some disorganization in his finances, it is better that he starts out slowly to make sure that he is investing from discretionary funds rather than money that he might need for expenses, and surely if anyone increases their interest in investing in bitcoin a prioritizing investing in bitcoin, then they may well start out slowly while they are building up their bitcoin investment and while they are building up their back up funds and other aspects of their cashflow management, so maybe if they had spent a year investing in bitcoin at $100 per week, then they had put $5,200 into bitcoin and they might have had built back up funds that might be similar in size... depending on their expense situation...
They may well need to measure as they go how much they want to put into bitcoin as compared with how much they are putting into their back up funds. The balance is an individual choice, yet if they screw up the balance then they are going to have to pay the consequences for their screw up.
