JJG’s Outline of Bitcoin Investment Ideas

[Merit.s]

Yes I personally feel the same way,
I see most people post that Bitcoin is for everyone and you don't have to be financially stable to invest, but they get it all wrong.
How will you get a discretionary income, if you don't have a good income that can cover all your bills and yet still have a left over?

Someone, doesn't need to be financially stable before you can have a discretionary income. For instance, I'm not working or my job can only take care of my basic needs and monthly expenses but I have a house that I'm the one collecting the rent. If I get the rent, I can use part of it for my discretionary income and invest it into bitcoin using DCA method and spread it over many weeks.

Another example is a gambler that a gambler who hit the jackpot. He can start his bitcoin investment and use DCA to spread it out in several weeks. Someone can give me money as a gift and I use it to buy my first bitcoin because I can do without the money and I wasn't expecting it and don't have any plan to use the money.

If you are waiting till you are financially stable before you will start your bitcoin investment, you might end up not investing at all or at old age. If you have started your bitcoin investment without being financially stable, you have to work on your income so that you can increase it and have a regular discretionary income because that's what matters the most no matter how little it is. So that, you can keep your DCA consistent and persistent for 4-10 years and above.

[Popkon6]

It is not a good idea for anyone to wait for a desire dip because they may end up waiting in vain since  it is not possible to predict the price of bitcoin perfectly. Anyone that is waiting and speculating for the price to bitcoin to fall to $20k before they start buying or continue with there bitcoin accumulation is making a big mistake. Who ever is thinking that the market will go as they have expected and decided to have a fixed price in there head they may as well wait in vain .

Besides the inappropriateness of waiting for a Bitcoin price drop for those looking to buy, sometimes people's confidence in buying after seeing the price drop doesn't immediately increase, as the fear of buying when the price has already dropped is clearly inherent in those who like to wait. So, while you still have the courage to buy at the current price, it's better to do so immediately without wasting time waiting, as even when market conditions worsen, someone's confidence may not immediately increase.

You can make any equation that investors who wait for the price to drop will be reluctant to buy at their expected price because they are more afraid when the price drops. Some investors will not buy during a down rally no matter how much you advise them. The current price trend is such that there is a period of time when the price of Bitcoin is likely to fall or rise.
The best time to buy Bitcoin is when you have available funds. The best time to accumulate Bitcoin is when you have discretionary income and are in a position to mentally secure it.

What you say is right, but I think that to buy Bitcoin, it is very important for an investor to have a reliable income and a prudent financial arrangement, if we do not have prudent financial usage, then it will become challenging for us to hold Bitcoin for a long time. And when we buy Bitcoin and are not able to hold it for a long time for any reason, we will never be able to achieve success in investment, another thing is that if we quickly get frustrated and sell Bitcoin during market volatility, it will never be possible to reach the specific goal.

Stop using vague words dude, what we need to accumulate Bitcoin is just our discretionary income because there are terms or words some newbie will or may not be familiar with and so they can mistake it to a different thing so that is why it is very advisable and cool to be very simple when passing information across. Bitcoin can only be enjoy when we are consistent in our accumulation and hold for long term. Selling when we are yet to reach overaccumulation stage is not encouraging and not good and what causes frustration is using what we can not afford to lose ( money outside discretionary).

Bitcoin investment is done for the future because we can keep Bitcoin investment for a long time by forming a prudent income emergency fund. The longer the Bitcoin investment, the more likely it is to be profitable, in that case we can start the Bitcoin journey for the future. The more you save, the more you can add some part to your Bitcoin investment, because people have now definitely accepted this Bitcoin as a long-term holding to eliminate financial shortages for the future.
So you can maintain Bitcoin investment at any price, by adopting a strategy and according to the plan, it is possible to maintain Bitcoin investment.

[JayJuanGee]

Even if a person does not have a reliable income, he can invest if he is able to find a discretionary income through proper financial management. For example, if a person does not have a reliable income, if he is able to find a discretionary income at the end of the month or at the end of the week, he can still invest. There are many people among us who invest in Bitcoin but do not have a reliable source of income. If that person gets a job every day, then he can work, if he does not get a job, then he cannot work that week or day.

I feel like having a reliable source of income gives you more peace than not having a source of income, and then you can do financial management, because without a proper source of income, how do you plan financial management? Because from the beginning, you need, and so from the beginning it is best for you, to get a job, because that is the only period you will enjoy your investment plan. When you don't have money, there is no way you can invest when you don't have money, look for money and then come back and invest.

We do not need a reliable source of income to invest. If a person waits for a reliable income to invest, then it will never be the right decision for him. If a person has a source of income, be it reliable or non-reliable, and if he is able to find a discretionary income from his source of income, then he can invest.

For anyone who wants to invest in Bitcoin, you can assure them that they need a source of income because even when you want to do DCA, if you don't have a source of income, how can you want to be consistent. And income is important in every aspect, so you need fuel to fuel your car for it to function, and the same thing goes for does that want to invest they need money to invest, so this shows how money is important.

Yes I personally feel the same way,
I see most people post that Bitcoin is for everyone and you don't have to be financially stable to invest, but they get it all wrong.
How will you get a discretionary income, if you don't have a good income that can cover all your bills and yet still have a left over?

The main money for investments is discretionary income which is leftover funds after payments of bills and other major payments, and if you you can only afford payments of bills then you will classify that as high risk which is not advisable. Mind you most people don't even have enough money to pay for all their bills.
So the bitter truth is that Bitcoin is not meant for those who are not financially stable.

The concept of financial stability may well be a moving target, since it is quite likely that even relatively poor people will go through periods in which they have more funds available and periods in which they have less funds available.

If they are always under stress about being able to pay bills, and they never have enough money (such as more than 1-2 weeks of cash to pay expenses), then they might not have enough confidence to buy bitcoin... so ultimately they have to decide - including determining if they were to put some relatively small amount into bitcoin, such as $10 from time to time, if they woudl be able to keep their finances strong enough so that they won't have to end up tapping into that bitcoin in a period of less than 4 years, then maybe they don't have enough discretionary funds to buy bitcoin.

In any event, the question of whether a guy can invest into bitcoin is not an absolute black line that is clear, even though surely a guy does need to have discretionary funds, yet he does not necessarily need to be stable in order to determine, from time to time, that he has a sufficient enough extra amount that he is able to put it into bitcoin.

For sure, the less money that a guy has to work with, and maybe he even has difficulties earning income (based on age and/or health and/or other reasons), then he may well be in a position in which he never is in a position in which he has enough discretionary funds that he would be able to feel that he could put that money into bitcoin for 4-10 years or longer... so then it might be reasonable for him to determine that he does not have sufficient funds to invest into bitcoin.

[edited out]

And I also agree with what you said because they think that without a stable income DCA (Diversification Asset Allocation)

Do you have a brain?

Are you just making shit up?

DCA = Dollar cost average

What the fuck does it have to do with diversifiation?  Get the fuck out of here with your throwing in bullshit and misinformation. .and failing to use your brain.. to the extent that you might have one.

on accumulated Bitcoin is certainly not possible as that is the main focus for someone trying to invest in Bitcoin. Therefore what you said about them is certainly very true in my opinion considering what others have said. This is essential for everyone especially those with discretionary income to achieve life goals. Sometimes people will pay bills and pay for things that are already obligations that must be met.

If we don't have discretionary income, we must have a job that we designate as an alternative.

Bullshit.  You don't necessarily need to have a second job in order to increase your discretionary income, even though getting a second job might be one of the ways to increase discretionary income.

To increase discretionary income, you can engage in a variety of ways to increase income and/or to cut expenses. It does not have to be getting a second job as proclaimed to be a "must."

If our primary income sometimes has to be used for necessities and that's also something that must be spent. With the remaining funds we can then invest in our future assets even if the amount is small but it's not a problem because the main principal has been met. Therefore, we must have funds set aside for our needs, even when we're in a difficult situation. Having these funds will certainly serve as a tool and not interfere with our Bitcoin investment, accumulating it over the long term.

Sure, it is likely that anyone who is living will have ongoing basic expenses that need to be covered, so if they are paying their ongoing basic expenses through income as it is coming in, then there tends to be some benefits to have extra funds on the side in the event that income goes down and/or expenses go up, and within the context of investing into bitcoin, we likely will want to protect our bitcoin from being tapped into at a time that is not of our choosing, so there becomes even more of a justification to maintain extra funds, besides merely the income, to be able to cover any expenses or that might cause us to run out of funds, so that we have no choice but to tap into our bitcoin... especially since many times, there may be a need to plan to invest in bitcoin for 4-10 years or longer, and it can become difficult to not tap into the bitcoin if both the income coming in does not stay high enough to cover various expenses (especially the basic ones), so there likely would be needs to have back up funds to tap into in the event that income goes down and/or expenses go up.

Yes I personally feel the same way,
I see most people post that Bitcoin is for everyone and you don't have to be financially stable to invest, but they get it all wrong.
How will you get a discretionary income, if you don't have a good income that can cover all your bills and yet still have a left over?

Someone, doesn't need to be financially stable before you can have a discretionary income. For instance, I'm not working or my job can only take care of my basic needs and monthly expenses but I have a house that I'm the one collecting the rent. If I get the rent, I can use part of it for my discretionary income and invest it into bitcoin using DCA method and spread it over many weeks.

Another example is a gambler that a gambler who hit the jackpot. He can start his bitcoin investment and use DCA to spread it out in several weeks. Someone can give me money as a gift and I use it to buy my first bitcoin because I can do without the money and I wasn't expecting it and don't have any plan to use the money.

If you are waiting till you are financially stable before you will start your bitcoin investment, you might end up not investing at all or at old age. If you have started your bitcoin investment without being financially stable, you have to work on your income so that you can increase it and have a regular discretionary income because that's what matters the most no matter how little it is. So that, you can keep your DCA consistent and persistent for 4-10 years and above.

In reference to your last paragraph, guys who start to invest into bitcoin might take 4-10 years or longer to build up their bitcoin investment, even though there surely might be guys who are able to build up their bitcoin investment in shorter periods of time through either lump sum investing and/or front-loading of their investment.  In either case, there still can be questions regarding how the bitcoin investors either maintain their bitcoin investment with the passage of time and/or whether they are still adding to their bitcoin investment.  Surely more discretionary income  would be needed in order to continue to add to the bitcoin investment as compared with guys who might merely be maintaining their bitcoin investment and not necessarily adding to it nor withdrawing from it.

[Olatundespo]

Even if a person does not have a reliable income, he can invest if he is able to find a discretionary income through proper financial management. For example, if a person does not have a reliable income, if he is able to find a discretionary income at the end of the month or at the end of the week, he can still invest. There are many people among us who invest in Bitcoin but do not have a reliable source of income. If that person gets a job every day, then he can work, if he does not get a job, then he cannot work that week or day.

I feel like having a reliable source of income gives you more peace than not having a source of income, and then you can do financial management, because without a proper source of income, how do you plan financial management? Because from the beginning, you need, and so from the beginning it is best for you, to get a job, because that is the only period you will enjoy your investment plan. When you don't have money, there is no way you can invest when you don't have money, look for money and then come back and invest.

We do not need a reliable source of income to invest. If a person waits for a reliable income to invest, then it will never be the right decision for him. If a person has a source of income, be it reliable or non-reliable, and if he is able to find a discretionary income from his source of income, then he can invest.

For anyone who wants to invest in Bitcoin, you can assure them that they need a source of income because even when you want to do DCA, if you don't have a source of income, how can you want to be consistent. And income is important in every aspect, so you need fuel to fuel your car for it to function, and the same thing goes for does that want to invest they need money to invest, so this shows how money is important.

Yes I personally feel the same way,
I see most people post that Bitcoin is for everyone and you don't have to be financially stable to invest, but they get it all wrong.
How will you get a discretionary income, if you don't have a good income that can cover all your bills and yet still have a left over?

The main money for investments is discretionary income which is leftover funds after payments of bills and other major payments, and if you you can only afford payments of bills then you will classify that as high risk which is not advisable. Mind you most people don't even have enough money to pay for all their bills.
So the bitter truth is that Bitcoin is not meant for those who are not financially stable.

Financial stability during Bitcoin investment is called wasting time. As a result, you are lagging behind in investing. Some of them think that after paying all the bills, they will accumulate money to buy a home then they think that they will buy a car. In this way one person needs will continue to come forward one after another until their lifetime.

You and I know that to run Bitcoin accumulation regularly, it requires income and a discretionary income from it. If you do not have a permanent job arrangement, you may have discretionary income. If you find discretionary income at the end of the week from that temporary source of income, then start Bitcoin with it and gradually increase your accumulating according to your financial situation. The fund that you will have after meeting every expense including your family and personal bills is the discretionary income and if you initially have $50, you can start accumulating Bitcoin from there. Mental preparation and effort and hard work to increase income will give you good results.

I personally was in debt and not in a stable financial situation but in reality I'm continuing to accumulating Bitcoin even in that situation and made a strong effort to continue doing so in the future. Bitcoin investment requires financial stability but it is a mistake to wait for it to be too stable.

[abaeze]

Consistency is good in bitcoin investment, but then the most important thing needed In bitcoin investment is just a discretionary income. An investor’s consistency depends largely on his ability to figure out a discretionary income to use for his bitcoin investment. Without a discretionary income it will be difficult to invest in bitcoin talk more of maintaining the consistency in accumulation and that’s why bitcoin investment isn’t just all about you having money or a steady income, what really matter is the ability to get a discretionary income from it to buy bitcoin, without the right financial management skill it will be practically impossible to maintain this consistency especially most investors who spend money on frivolous things. You don’t have to time the market before you can buy bitcoin and hold as a long term investor, with the DCA method one can buy bitcoin at any market price with just a discretionary income and invest for long term purpose.

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

[Itz-prisigold]

Yes I personally feel the same way,
I see most people post that Bitcoin is for everyone and you don't have to be financially stable to invest, but they get it all wrong.
How will you get a discretionary income, if you don't have a good income that can cover all your bills and yet still have a left over?

The main money for investments is discretionary income which is leftover funds after payments of bills and other major payments, and if you you can only afford payments of bills then you will classify that as high risk which is not advisable. Mind you most people don't even have enough money to pay for all their bills.
So the bitter truth is that Bitcoin is not meant for those who are not financially stable.

And I also agree with what you said because they think that without a stable income DCA (Diversification Asset Allocation) on accumulated Bitcoin is certainly not possible as that is the main focus for someone trying to invest in Bitcoin. Therefore what you said about them is certainly very true in my opinion considering what others have said. This is essential for everyone especially those with discretionary income to achieve life goals. Sometimes people will pay bills and pay for things that are already obligations that must be met.

If we don't have discretionary income, we must have a job that we designate as an alternative. If our primary income sometimes has to be used for necessities and that's also something that must be spent. With the remaining funds we can then invest in our future assets even if the amount is small but it's not a problem because the main principal has been met. Therefore, we must have funds set aside for our needs, even when we're in a difficult situation. Having these funds will certainly serve as a tool and not interfere with our Bitcoin investment, accumulating it over the long term.

Firstly that is not the correct definition of DCA..
DCA simply refers to Dollar Cost Averaging.

And secondly there is  one major point that you seems to be overlooked here.

Discretionary income is not about having a  ‘high’ or ‘strong’ income, however,  it is income that is available to be spent or saved after all essential expenses are covered. The actual amount of discretionary income can be large or small,  but as long as it is available and it is not needed for your everyday survival, then that is considered discretionary income.

Discretionary income is more about forming the habits of saving and responsibility rather than your income. For example,  a person with a modest income who practices a lifestyle of spending less than what is earned,  will have discretionary income,  while a person with a higher income who spends more than what is earned,  may find themself with no discretionary income. So the mean issue here is not really the size of the income,  it is the allocation and discipline.

Discretionary income is not about being perfect with your finances,  the amount you want to invest can adjust to your situation. Even small contributions that you invest consistently from true discretionary income can make you have the habit of investing.

Yeah true paying bills always comes first. But for you to say that Bitcoin is not meant for people who are not financially stable may be overstating the barrier to entry. What matters more is that someone is investing money they can afford to set aside  without jeopardizing  financial obligations.

Using discretionary income the right way protects you from panic selling, emotions from making irrational decisions,  and makes long term accumulation possible.  That is the real advantage and not the size of the income but simply the discipline behind how it is used.

[Joeboy]

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

Are you sure you really investing in Bitcoin because you don't sound like someone who is... Sure you can do whatever you like, but please while doing so don't spread false information that may very well mislead others... For the record, discretionary income is what is actually needed for investment, the reason for that is because discretionary income is that extra money left after settling for your basic needs, and because it is that extra money folks could very well afford to invest it...

[Jaweria parveen]

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

Are you sure you really investing in Bitcoin because you don't sound like someone who is... Sure you can do whatever you like, but please while doing so don't spread false information that may very well mislead others... For the record, discretionary income is what is actually needed for investment, the reason for that is because discretionary income is that extra money left after settling for your basic needs, and because it is that extra money folks could very well afford to invest it...

I don't think he was talking about Bitcoin because investing in Bitcoin is clear and very easy to understand. If it is described as some other type of investment, then it is actually wrong because many people have created misconceptions in the name of Bitcoin and this is not a decrease in the development of Bitcoin, but it should be told about it so that its development and use are more and everyone benefits from it. It is better to understand Bitcoin well and succeed with Bitcoin than to invest in such a way. So that it also makes a great investment and a source of big profits, so Bitcoin should be understood and invested in.

[Sim_card]

Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term.

Any money you're putting into bitcoin should be your discretionary income whether, it's your first bitcoin purchase or not because if you don't use your discretionary income to buy bitcoin, it becomes gambling and you will sell those bitcoin when it's not of your will because you need the funds to take care of your important needs.

It's better a brand new investor don't rush into buying bitcoin without a discretionary income and wait till he has his discretionary income available before investing into bitcoin to avoid a wrong approach to start-up your bitcoin investment so that you don't learn in a hard way and make wrong decisions that might mislead you and discourage you from the continuity of your bitcoin investment in the early stage.

You need your discretionary income to start and build up your bitcoin portfolio. You need your discretionary income to build up your emergency funds and other backup funds.

[JayJuanGee]

[edited out]

Financial stability during Bitcoin investment is called wasting time. As a result, you are lagging behind in investing. Some of them think that after paying all the bills, they will accumulate money to buy a home then they think that they will buy a car. In this way one person needs will continue to come forward one after another until their lifetime.

You are correct that some needs (or wants) have more urgency than others, and some needs are reoccurring.. .. so even the person who saves up for a car might need to save up again 5-15 years down the road depending on how frequently he might need to update and/or the wear and tear of the car (or even damage) might justify replacing it.

There might be some things that are more urgent than others, and perhaps house ownership might have a 6- year timeline before it might be expected to be fulfilled, and a car might be needed within 3-6 months and perhaps saving for a sell phone might have a similar timeline as a car, even though the amount needed to save is smaller.

Surely if someone is saving for a BIGGER ticket item like a house, then he might not want to save that in cash, so then even though we suggest bitcoin to be a 4-10 year or longer and even a lifetime investment, someone might end up putting value into bitcoin for the buying of a house with a timeline that might be shorter than preferred and also with the expectation that the investment into bitcoin is for that particular purpose rather than as a lifetime investment (which some of us might consider the goal of house purchase as a potential trade and even that housing may well end up being a much inferior  investment, even though houses have consumptive and utility purposes, too). 

I understand that guys get excited and even sentimental about buying a house and might even rush into such a purchase - even though it could be possible for a guy to recognize the expenses of a house and even to hold (or invest) into bitcoin in such a way that some portion of the bitcoin investment is for long term and the other portion is for buying the house.. .. and sure guys have to figure out those kinds of balances, inse surely historically if a guy had started investing in bitcoin 10 years ago, and he felt a need to buy a house along the way, he would have had been better to keep that value in bitcoin and perhaps ONLY shaving a portion of his bitcoin off at a later point, yet surely one of the matters with any investment, such as bitcoin, the future performance relative to housing or any other place that money can be placed cannot be judged merely based on past performance.

You and I know that to run Bitcoin accumulation regularly, it requires income and a discretionary income from it. If you do not have a permanent job arrangement, you may have discretionary income. If you find discretionary income at the end of the week from that temporary source of income, then start Bitcoin with it and gradually increase your accumulating according to your financial situation. The fund that you will have after meeting every expense including your family and personal bills is the discretionary income and if you initially have $50, you can start accumulating Bitcoin from there. Mental preparation and effort and hard work to increase income will give you good results.

For sure future good results are not guaranteed, even though many of us likely realize that organizing your finances and setting aside money for investment (especially in bitcoin) is likely a good thing, even though the outcome is not guaranteed, even if we do everything perfectly correct.
 

I personally was in debt and not in a stable financial situation but in reality I'm continuing to accumulating Bitcoin even in that situation and made a strong effort to continue doing so in the future. Bitcoin investment requires financial stability but it is a mistake to wait for it to be too stable.

There are a lot of people who are in debt, and you are correct that even such persons with quite messed up finances can even come to bitcoin and end up stupendously benefiting from putting their finances in better order - which likely includes reduction and/or elimination of a lot of their debt, even though all debt is not bad, yet some debt can become overly oppressive based on amount of the debt and/or cost of servicing such debt.

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

Are you sure you really investing in Bitcoin because you don't sound like someone who is... Sure you can do whatever you like, but please while doing so don't spread false information that may very well mislead others... For the record, discretionary income is what is actually needed for investment, the reason for that is because discretionary income is that extra money left after settling for your basic needs, and because it is that extra money folks could very well afford to invest it...

I don't think he was talking about Bitcoin because investing in Bitcoin is clear and very easy to understand. If it is described as some other type of investment, then it is actually wrong because many people have created misconceptions in the name of Bitcoin and this is not a decrease in the development of Bitcoin, but it should be told about it so that its development and use are more and everyone benefits from it. It is better to understand Bitcoin well and succeed with Bitcoin than to invest in such a way. So that it also makes a great investment and a source of big profits, so Bitcoin should be understood and invested in.

In this thread, we are talking about bitcoin as an investment and my ideas investing into bitcoin.  Sure, we might also touch upon other areas or various strategies that guys might have related to bitcoin, yet the thrust of the thread relates to how guys might invest in bitcoin and attempt to use the investing into bitcoin to their advantage - and sometimes there also might be justification to figure out various things going on with bitcoin, whether those things might be characterized as development, growth, network effect and/or even attacks upon bitcoin (or disputes within bitcoin that might affect its present value or future value).

[Abelly]

It is not a good idea for anyone to wait for a desire dip because they may end up waiting in vain since  it is not possible to predict the price of bitcoin perfectly. Anyone that is waiting and speculating for the price to bitcoin to fall to $20k before they start buying or continue with there bitcoin accumulation is making a big mistake. Who ever is thinking that the market will go as they have expected and decided to have a fixed price in there head they may as well wait in vain .

Besides the inappropriateness of waiting for a Bitcoin price drop for those looking to buy, sometimes people's confidence in buying after seeing the price drop doesn't immediately increase, as the fear of buying when the price has already dropped is clearly inherent in those who like to wait. So, while you still have the courage to buy at the current price, it's better to do so immediately without wasting time waiting, as even when market conditions worsen, someone's confidence may not immediately increase.

You can make any equation that investors who wait for the price to drop will be reluctant to buy at their expected price because they are more afraid when the price drops. Some investors will not buy during a down rally no matter how much you advise them. The current price trend is such that there is a period of time when the price of Bitcoin is likely to fall or rise.
The best time to buy Bitcoin is when you have available funds. The best time to accumulate Bitcoin is when you have discretionary income and are in a position to mentally secure it.

What you say is right, but I think that to buy Bitcoin, it is very important for an investor to have a reliable income and a prudent financial arrangement, if we do not have prudent financial usage, then it will become challenging for us to hold Bitcoin for a long time. And when we buy Bitcoin and are not able to hold it for a long time for any reason, we will never be able to achieve success in investment, another thing is that if we quickly get frustrated and sell Bitcoin during market volatility, it will never be possible to reach the specific goal.

Stop using vague words dude, what we need to accumulate Bitcoin is just our discretionary income because there are terms or words some newbie will or may not be familiar with and so they can mistake it to a different thing so that is why it is very advisable and cool to be very simple when passing information across. Bitcoin can only be enjoy when we are consistent in our accumulation and hold for long term. Selling when we are yet to reach overaccumulation stage is not encouraging and not good and what causes frustration is using what we can not afford to lose ( money outside discretionary).

Bitcoin investment is done for the future because we can keep Bitcoin investment for a long time by forming a prudent income emergency fund. The longer the Bitcoin investment, the more likely it is to be profitable, in that case we can start the Bitcoin journey for the future. The more you save, the more you can add some part to your Bitcoin investment, because people have now definitely accepted this Bitcoin as a long-term holding to eliminate financial shortages for the future.
So you can maintain Bitcoin investment at any price, by adopting a strategy and according to the plan, it is possible to maintain Bitcoin investment.

It is difficult to survive in this market if you do not have the mentality to hold Bitcoin for the long term, but it is not so easy to make a profit just by holding it for a long time. Looking at history, it is clear that the price of Bitcoin fluctuates cyclically and there has been a major correction after each bull market. Therefore, holding without a plan becomes mentally difficult for many people. You need to ensure an emergency fund by gradually giving a part of your regular income, trying to buy in the DCA method. Because security is the main thing when holding for the long term. However, Bitcoin may be a possibility for future financial freedom. You cannot Do anything emotionallY. You have to take risks. Management and consistent planning are long term.

[PERtua]

It is not a good idea for anyone to wait for a desire dip because they may end up waiting in vain since  it is not possible to predict the price of bitcoin perfectly. Anyone that is waiting and speculating for the price to bitcoin to fall to $20k before they start buying or continue with there bitcoin accumulation is making a big mistake. Who ever is thinking that the market will go as they have expected and decided to have a fixed price in there head they may as well wait in vain .

Besides the inappropriateness of waiting for a Bitcoin price drop for those looking to buy, sometimes people's confidence in buying after seeing the price drop doesn't immediately increase, as the fear of buying when the price has already dropped is clearly inherent in those who like to wait. So, while you still have the courage to buy at the current price, it's better to do so immediately without wasting time waiting, as even when market conditions worsen, someone's confidence may not immediately increase.

You can make any equation that investors who wait for the price to drop will be reluctant to buy at their expected price because they are more afraid when the price drops. Some investors will not buy during a down rally no matter how much you advise them. The current price trend is such that there is a period of time when the price of Bitcoin is likely to fall or rise.
The best time to buy Bitcoin is when you have available funds. The best time to accumulate Bitcoin is when you have discretionary income and are in a position to mentally secure it.

What you say is right, but I think that to buy Bitcoin, it is very important for an investor to have a reliable income and a prudent financial arrangement, if we do not have prudent financial usage, then it will become challenging for us to hold Bitcoin for a long time. And when we buy Bitcoin and are not able to hold it for a long time for any reason, we will never be able to achieve success in investment, another thing is that if we quickly get frustrated and sell Bitcoin during market volatility, it will never be possible to reach the specific goal.

Stop using vague words dude, what we need to accumulate Bitcoin is just our discretionary income because there are terms or words some newbie will or may not be familiar with and so they can mistake it to a different thing so that is why it is very advisable and cool to be very simple when passing information across. Bitcoin can only be enjoy when we are consistent in our accumulation and hold for long term. Selling when we are yet to reach overaccumulation stage is not encouraging and not good and what causes frustration is using what we can not afford to lose ( money outside discretionary).

Bitcoin investment is done for the future because we can keep Bitcoin investment for a long time by forming a prudent income emergency fund. The longer the Bitcoin investment, the more likely it is to be profitable, in that case we can start the Bitcoin journey for the future. The more you save, the more you can add some part to your Bitcoin investment, because people have now definitely accepted this Bitcoin as a long-term holding to eliminate financial shortages for the future.
So you can maintain Bitcoin investment at any price, by adopting a strategy and according to the plan, it is possible to maintain Bitcoin investment.

It is difficult to survive in this market if you do not have the mentality to hold Bitcoin for the long term, but it is not so easy to make a profit just by holding it for a long time. Looking at history, it is clear that the price of Bitcoin fluctuates cyclically and there has been a major correction after each bull market. Therefore, holding without a plan becomes mentally difficult for many people. You need to ensure an emergency fund by gradually giving a part of your regular income, trying to buy in the DCA method. Because security is the main thing when holding for the long term. However, Bitcoin may be a possibility for future financial freedom. You cannot Do anything emotionallY. You have to take risks. Management and consistent planning are long term.

I believe the central point in this discussion is that discipline is important compared to prediction. The fear of missing a spot may leave a person on the fringe too long, as the price of bitcoin has no connection to the personal goal of any person. However, it is more sensible to save over time with discretionary income, as opposed to funds that are required to pay bills. The stable income and a sound emergency fund will help one to wait the volatility without any panic selling. Investing in Bitcoin in the long run demands emotion control, patience, and a specific plan like DCA. It is the consistency and appropriate risk management that actually enhance the possibility of success in the long run.

[JayJuanGee]

[edited out]

It is difficult to survive in this market if you do not have the mentality to hold Bitcoin for the long term, but it is not so easy to make a profit just by holding it for a long time. Looking at history, it is clear that the price of Bitcoin fluctuates cyclically and there has been a major correction after each bull market. Therefore, holding without a plan becomes mentally difficult for many people. You need to ensure an emergency fund by gradually giving a part of your regular income, trying to buy in the DCA method. Because security is the main thing when holding for the long term. However, Bitcoin may be a possibility for future financial freedom. You cannot Do anything emotionallY. You have to take risks. Management and consistent planning are long term.

Why are you talking about profits?

Maybe you should explain how you consider a newbie should get into bitcoin?  What is he going to do his first 4 years in bitcoin?  We can start from right now.  Give me an example of a newbie who maybe is in his mid-30s and he has an income of $30k per year ($2,500 per month) and his basic expenses are $1,500 per month.  Let's say that he has $1,200 in his savings, he has no other investments, and he is paid $1,250 twice a month. 

What is he going to do for the next 4-6 years to establish his bitcoin investment, and why the fuck would he give any shits about profits in the short term?  Let's say his investment timeline is at least 10 years, yet he would not mind to be able to retire early in his early to mid-50s and perhaps be able to live off of his bitcoin at that time to replace his income or perhaps somewhere in the ballpark of twice his income at the time he transitions from working into not having to work no more. 

Go on, explain with details in regards to what this guy is going to do?

[edited out]

I believe the central point in this discussion is that discipline is important compared to prediction. The fear of missing a spot may leave a person on the fringe too long, as the price of bitcoin has no connection to the personal goal of any person. However, it is more sensible to save over time with discretionary income, as opposed to funds that are required to pay bills. The stable income and a sound emergency fund will help one to wait the volatility without any panic selling. Investing in Bitcoin in the long run demands emotion control, patience, and a specific plan like DCA. It is the consistency and appropriate risk management that actually enhance the possibility of success in the long run.

Explain.  What is the guy going to do?  Use the same example that i gave above.  Guy in mid 30s has $30k income and $1,500 per month in expenses and $1,200 in his savings.

[Tongley]

It is difficult to survive in this market if you do not have the mentality to hold Bitcoin for the long term, but it is not so easy to make a profit just by holding it for a long time. Looking at history, it is clear that the price of Bitcoin fluctuates cyclically and there has been a major correction after each bull market. Therefore, holding without a plan becomes mentally difficult for many people. You need to ensure an emergency fund by gradually giving a part of your regular income, trying to buy in the DCA method. Because security is the main thing when holding for the long term. However, Bitcoin may be a possibility for future financial freedom. You cannot Do anything emotionallY. You have to take risks. Management and consistent planning are long term.

It is never a good idea to invest with regular income or income sources. It is always necessary to use discretionary income to invest. If our source of income is regular or irregular, if we are able to find discretionary income from that source of income, then we can invest. It is necessary to invest with an amount of money that you will not need in the long run and even if that amount of money is lost, your financial situation will not be stressed. Whenever you invest from your source of income and at that time if you invest your emergency money, your investment may die prematurely and you may face loss.

Of course we need security. However, if we create a layer of security without knowing the right information or by adopting the wrong method, then we will be able to bring danger. Because to create our emergency fund, we need to create an emergency fund with discretionary income. Whenever you create an emergency fund with the necessary money, it will be unsustainable.

[BitBakerr1]

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

You don’t know what you are saying and to be honest you don’t understand anything about financial system and I’m very sure you are not investing in bitcoin because you don’t know anything about bitcoin invest investment, you are just coming here to pretend like someone who is investing in bitcoin in order to earn merit or mislead other people coming to this thread, or are we going to say you made a mistake maybe that is the case however from the way you wrote I’m sure it is not a mistake except you will come here and tell us that you actually made a mistake, then I will believe. I will give you this advice whatever you don’t understand in this forum please avoid writing about it so you won’t be seen as a shit poster.

[cyberninja2]

You don’t know what you are saying and to be honest you don’t understand anything about financial system and I’m very sure you are not investing in bitcoin because you don’t know anything about bitcoin invest investment, you are just coming here to pretend like someone who is investing in bitcoin in order to earn merit or mislead other people coming to this thread, or are we going to say you made a mistake maybe that is the case however from the way you wrote I’m sure it is not a mistake except you will come here and tell us that you actually made a mistake, then I will believe. I will give you this advice whatever you don’t understand in this forum please avoid writing about it so you won’t be seen as a shit poster.

If they don't know about how to invest of course it is up to them to approach someone who might be able to teach them what is needed when someone invests in Bitcoin.

Because if you do not know the way or the path of course it is very difficult for someone even though they come with very strong capital and mentality of course this is actually necessary in investing in Bitcoin because it is included in the investment category but it is not enough with that alone but you have to know more about how to delve into or see what happens about market conditions or cycles that occur things like this are what you have to know basically for someone who sometimes wants to invest in Bitcoin this aims to make it easier for someone in the future because we should not depend on someone else the rest is what we have to do ourselves and if we do not understand about this the loss in waiting for the results of what we invest in Bitcoin that we invest regardless of doing DCA sometimes with a large amount in the end it is not a profit that is obtained but instead what is received by that person.

[Finebone]

.

     . Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

It's very disappointing seeing statement like this coming out from you, even though you have been here for sometimes now, it shows that you are not learning, because if you are learning, three solid years you have been in the forum judging by your registration date is enough time to know what discretionary income is, even though you are daft or just too dull to catch up fast.
Point of correction, discretionary funds is the money that is left after all your basic needs have been met, so for starting and continuous accumulation, you need it, because any investment made outside of it will be troublesome to your bitcoin investment.

[RockBell]

Discretionary income is essential for investing, but I have highlighted the need for consistency with income to continue investing. Although I believe that consistency comes from regular income, along with proper budget management and having separate investment funds. There is no room for disagreement here.

However, most investments fail due to lack of consistency. Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

Are you sure you really investing in Bitcoin because you don't sound like someone who is... Sure you can do whatever you like, but please while doing so don't spread false information that may very well mislead others... For the record, discretionary income is what is actually needed for investment, the reason for that is because discretionary income is that extra money left after settling for your basic needs, and because it is that extra money folks could very well afford to invest it...

if a business should fail, then that should not be a problem because what ever business you are starting, you need to understand that it comes with one risk, so even if there are challenges, then it won't be a problem at all because you already understand the system, so there is no point to worry yourself about, and why some people are so attached to this kind of information is because they don't have any idea on how this things work and instead of them asking or even doing research they rely on there own knowledge.

And if not for people who are acting funny, how would you manage an investment without money? How long will you be able to manage that without money? This shows how important money is in every investment, and you have to know how to split your bills because that is the only proper way to be able to manage the whole situation in an investment.

[Hardyrobust]

.

     . Discretionary income is not required to start investing in Bitcoin, but once you start investing, discretionary income is required to continue and make the investment long-term. Therefore, the driving force of investing is discretionary income, and consistency is required to accelerate its pace.

It's very disappointing seeing statement like this coming out from you, even though you have been here for sometimes now, it shows that you are not learning, because if you are learning, three solid years you have been in the forum judging by your registration date is enough time to know what discretionary income is, even though you are daft or just too dull to catch up fast.
Point of correction, discretionary funds is the money that is left after all your basic needs have been met, so for starting and continuous accumulation, you need it, because any investment made outside of it will be troublesome to your bitcoin investment.

You shouldn't be disappointed because it is obvious that the person that made the statement isn't actually investing in bitcoin . However with the way he is actually sounding is obvious the guy is a trader who has been fucking around gambling with bitcoin all in the name of trading. To him, he may be deceiving himself that he is investing in bitcoin without knowing that he is gambling with bitcoin. There is no longer term investor in bitcoin that will fail to appreciate the importance of discretionionary income in starting bitcoin investment.

[Arenga pinnata]

Someone, doesn't need to be financially stable before you can have a discretionary income. For instance, I'm not working or my job can only take care of my basic needs and monthly expenses but I have a house that I'm the one collecting the rent. If I get the rent, I can use part of it for my discretionary income and invest it into bitcoin using DCA method and spread it over many weeks.

Another example is a gambler that a gambler who hit the jackpot. He can start his bitcoin investment and use DCA to spread it out in several weeks. Someone can give me money as a gift and I use it to buy my first bitcoin because I can do without the money and I wasn't expecting it and don't have any plan to use the money.

If you are waiting till you are financially stable before you will start your bitcoin investment, you might end up not investing at all or at old age. If you have started your bitcoin investment without being financially stable, you have to work on your income so that you can increase it and have a regular discretionary income because that's what matters the most no matter how little it is. So that, you can keep your DCA consistent and persistent for 4-10 years and above.

Yes, I completely agree with your opinion on this matter. Because if we have to wait until we have stable finances, then it's possible that those people will never start investing in bitcoin. Because we know that every month there are always unexpected expenses that can disrupt our financial stability.

All someone needs to do is set aside a small portion of their income after all their basic needs are met, and they can start accumulating Bitcoin for the long term. There's no need to start with a large sum of money; we can even accumulate Bitcoin regularly through DCA with just a few dollars if that's all we can afford. As long as we consistently practice DCA, even in small amounts, I am confident that in the long run, that person will never regret their decision to start investing in Bitcoin, even if it’s through small accumulations.

And financial stability is actually one of the goals of this investment. So that in the future, we can achieve financial stability from the returns of this investment.