JJG’s Outline of Bitcoin Investment Ideas

[whiteblue]

I don't agree with you that understanding economic news will help a new investor or even old investor hit successful investmemt. That idea sound more like what traders will say when they want to enter the market prior to thw release of a favorable news that will push the price up so they sell and make profits. This is not what we are discussing here and if you advice new investors to go this route, you will produce so many frustrated investors. New investors do not need knowledge of how to read economic news, they simply need to have the basic knowledge and to be able to work out their discretionary income from where they can make their investment and keep maintaining it ongoing. 

The successful way of investing in Bitcoin is to buy and hold for long. This has been proven to be a way of increasing the chances of profits since Bitcoin have been growing with time as can be seen from the historic data.

There are many articles explaining how to invest, but not all of them can be concluded as the best advice. When investing, we can use our own practices or ideas regarding when to buy, how long to set the time limit, or how to use DCA.

Generally, investors search for investment tips on Google and many articles will appear. However, Only a small percentage are well-explained because they are written solely for the money, Not explaining the best investment methods. It seems that beginners need to have a strong conviction in their hearts to Invest in bitcoin for the Long term and buy it regularly every week.

[Popkon6]

I don't agree with you that understanding economic news will help a new investor or even old investor hit successful investmemt. That idea sound more like what traders will say when they want to enter the market prior to thw release of a favorable news that will push the price up so they sell and make profits. This is not what we are discussing here and if you advice new investors to go this route, you will produce so many frustrated investors. New investors do not need knowledge of how to read economic news, they simply need to have the basic knowledge and to be able to work out their discretionary income from where they can make their investment and keep maintaining it ongoing. 

The successful way of investing in Bitcoin is to buy and hold for long. This has been proven to be a way of increasing the chances of profits since Bitcoin have been growing with time as can be seen from the historic data.

There are many articles explaining how to invest, but not all of them can be concluded as the best advice. When investing, we can use our own practices or ideas regarding when to buy, how long to set the time limit, or how to use DCA.

Generally, investors search for investment tips on Google and many articles will appear. However, Only a small percentage are well-explained because they are written solely for the money, Not explaining the best investment methods. It seems that beginners need to have a strong conviction in their hearts to Invest in bitcoin for the Long term and buy it regularly every week.

There is no obstacle for an investor to adopt his own strategy, but this strategy of DCA method has to be followed by all the people if he wants to participate in investment (not being forced) but it is the best method for every investor. So these strategies must be followed by you, as well as you can create an opportunity to use your own strategy. If a new investor follows the DCA method, he will be able to present himself correctly, in this he will be able to play the right role.

Investment basically means using my money in the right place, because if the money remains in fiat currency, there will be no opportunity to make any profit from it. But if we use that money in Bitcoin and keep Bitcoin for a long time, then we will definitely be able to earn benefits several times more than our capital.

[JayJuanGee]

Bitcoin's past performance can never determine its future results or there is no certainty that it will happen in the future because it happened in the past. However, a new or an investor needs to be aware of the international issues. Because Bitcoin is completely decentralized, no one has any influence on Bitcoin, the price of Bitcoin increases depending on the demand for Bitcoin. If an investor is willing to invest and if he cannot believe in Bitcoin, then he needs to know about the demand for Bitcoin and what opinions are going on about Bitcoin at the international level. For example, Iran has announced that they will collect VAT from every ship through Bitcoin and what big companies have said about Bitcoin, etc. It is necessary to get an idea about what role Bitcoin is playing at the international level. So that they can understand and build trust in Bitcoin.

Are you advicing that before any newbie can consider investing in Bitcoin, he should have known all this things you mentioned here? That is to say that you are advicing such newbie not to invest in Bitcoin, there things that can cause discouragement among newbies since it discretionary that is needed for any newbie to start their investment, why will they want to do all the research and know everything before the can start, if a newbies should know about ongoing international issues according you and as you suggested, what is that aimed at, although I understand your point as I was reading towards the end of your comment, but their are things a newbjes should not be looking at at a start because his major focus at a start should be using his discretionary to start his Bitcoin investment with time to every other things will come in place.

There is a lot of things to be learned before you start investing and what surprises me the most is that most of this mistakes are not just made by newbies alone but also the onces that already have the experience and either way what ever you want to use you have to be prepared so that you won't make it to hard because you already have the knowledge and research is important because you know what to expect and also the same time you will know things to aviod because and when you also know how to make use of trends then that should not be an issue at all, and with ideas how how to.invest are all over so it should not be a problem when you are trying to find it very difficult to keep, and its always the first timers.

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

Accordingly, another good thing for the newbie to have is common sense so that he can both identify areas that he needs to learn, but also so that he can adapt his position size to his comfort level, and so if he  is not comfortable with his position size, then he likely would need to adjust his position size to the comfort level and learn some more until he becomes more comfortable to increase his position size, and ultimately, the bitcoin investor is going to want to invest as aggressively as he is able to without over doing it... which is another thing that is good about having common sense which is going to help with the balancing process since a person with common sense is not going to want to gamble and is not going to want to lose money.

 I am going to presume that around 97% of people have common sense and they are coming from differing levels of knowledge, experience and resources, yet common sense is going to help them to identify areas that they need to focus and probably even areas that they need to practice employing their common sense, and getting started investing in bitcoin as soon as the newbie is able to determine that he has discretionary funds should serve as a motivator to spend time, money and energy to figure out how much to put into bitcoin each week, whether it is $100, $10 or some other amount, and also to figure out how to manage his cashflows so that he is making sure that he is not investing beyond his discretionary funds.

[BlackBoss_]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

Having discretionary income for investment is good and very important for any investment practice, but people as newbies must learn about importance of using discretionary income so that they see with discretionary income for investment capital, they will have less fear of losing it and less fear during volatile times in any market.

They also have to learn about Bitcoin market, the market cycle to know that how long one market cycle lasts, which phases in each market cycle because it is helpful for their investment plan from purchasing, holding to taking profit time, at least minimal time for holding till taking profit.

They have to learn about Bitcoin market volatility too so they can understand that which percent is a highest price change in a market crash or during a period in Bitcoin market history. So they will become mentally stronger during such times because they already have past data for comparison and preparation mentally.

[Brizi5000]

I don't agree with you that understanding economic news will help a new investor or even old investor hit successful investmemt. That idea sound more like what traders will say when they want to enter the market prior to thw release of a favorable news that will push the price up so they sell and make profits. This is not what we are discussing here and if you advice new investors to go this route, you will produce so many frustrated investors. New investors do not need knowledge of how to read economic news, they simply need to have the basic knowledge and to be able to work out their discretionary income from where they can make their investment and keep maintaining it ongoing. 

The successful way of investing in Bitcoin is to buy and hold for long. This has been proven to be a way of increasing the chances of profits since Bitcoin have been growing with time as can be seen from the historic data.

There are many articles explaining how to invest, but not all of them can be concluded as the best advice. When investing, we can use our own practices or ideas regarding when to buy, how long to set the time limit, or how to use DCA.

Generally, investors search for investment tips on Google and many articles will appear. However, Only a small percentage are well-explained because they are written solely for the money, Not explaining the best investment methods. It seems that beginners need to have a strong conviction in their hearts to Invest in bitcoin for the Long term and buy it regularly every week.

There is no obstacle for an investor to adopt his own strategy, but this strategy of DCA method has to be followed by all the people if he wants to participate in investment (not being forced) but it is the best method for every investor. So these strategies must be followed by you, as well as you can create an opportunity to use your own strategy. If a new investor follows the DCA method, he will be able to present himself correctly, in this he will be able to play the right role.

Investment basically means using my money in the right place, because if the money remains in fiat currency, there will be no opportunity to make any profit from it. But if we use that money in Bitcoin and keep Bitcoin for a long time, then we will definitely be able to earn benefits several times more than our capital.

since bitcoin is not a guarantee of making profit, so for me i'd like to suggest that instead of saying we will definitely be able to earn benefits (profits) several times more than our capital it will be wise we just say that bitcoin have the potential of generating profit. the reason is so that newbies will not see it that profit is always assured without also knowing that there's also a potential that they can also lose their investment as a result of bitcoin volatility which means that in as much as it have the potential of generating profit, there's also a potential of losing entirely because no one knows what the price will be tomorrow, so the price is unpredictable.

[laijsica]

I don't agree with you that understanding economic news will help a new investor or even old investor hit successful investmemt. That idea sound more like what traders will say when they want to enter the market prior to thw release of a favorable news that will push the price up so they sell and make profits. This is not what we are discussing here and if you advice new investors to go this route, you will produce so many frustrated investors. New investors do not need knowledge of how to read economic news, they simply need to have the basic knowledge and to be able to work out their discretionary income from where they can make their investment and keep maintaining it ongoing. 

The successful way of investing in Bitcoin is to buy and hold for long. This has been proven to be a way of increasing the chances of profits since Bitcoin have been growing with time as can be seen from the historic data.

There are many articles explaining how to invest, but not all of them can be concluded as the best advice. When investing, we can use our own practices or ideas regarding when to buy, how long to set the time limit, or how to use DCA.

Generally, investors search for investment tips on Google and many articles will appear. However, Only a small percentage are well-explained because they are written solely for the money, Not explaining the best investment methods. It seems that beginners need to have a strong conviction in their hearts to Invest in bitcoin for the Long term and buy it regularly every week.

Various articles and online media contain basic information about Bitcoin investment but I think it is not enough for a common investor. I have actually been involved in the capital market for a long time and have studied a lot about investment but what I have learned after coming to Bitcoin forum is much more than in the past.

Some online media will give instructions that you have to be very rich or have to invest a lot of capital to invest in Bitcoin but in reality if you have a discretionary income stream you can start Bitcoin. Accumulate any amount o Bitcoin according to your financial capacity and have a long term strategy.

[JayJuanGee]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

Having discretionary income for investment is good and very important for any investment practice, but people as newbies must learn about importance of using discretionary income so that they see with discretionary income for investment capital, they will have less fear of losing it and less fear during volatile times in any market.

Getting started is a good way to learn, which was my point. We can get started as soon as we know that we have discretionary funds.

They also have to learn about Bitcoin market, the market cycle to know that how long one market cycle lasts, which phases in each market cycle because it is helpful for their investment plan from purchasing, holding to taking profit time, at least minimal time for holding till taking profit.

This is an investment thread, not a trading thread.  Those matters are not very relevant from my perspective, since part of the point of investing is to build up a portfolio first, which many times will take more than a couple of cycles, unless a person is coming to bitcoin with other capital so that they can front load their investment.. .. but there surely is no need to learn about cycles before getting started, and maybe learning about cycles after getting started might be a curiosity, yet it is not really very relevant or important when it comes to important things about investing from my point of view.

Do you know the difference between trading and investing from my point of view and have you read various posts of mine in this thread, since we are talking about investing from my point of view in this thread.

They have to learn about Bitcoin market volatility too so they can understand that which percent is a highest price change in a market crash or during a period in Bitcoin market history. So they will become mentally stronger during such times because they already have past data for comparison and preparation mentally.

You think so?  If a person is investing, and he has a certain budget, and he is not really getting too occupied about the BTC price, then he is buying every week for weeks and weeks and even years and years, so why are the ups and downs of the market going to matter too much until maybe after he had been investing 4-6 years or longer, unless he might have some front loading issues that he is considering putting into bitcoin.

Maybe you need to give an example of an actual investor rather than thinking in terms of trading, since if we build up our bitcoin investment, then maybe we might be working towards getting to overaccumulation status and we do that by ongoing buying.. and if the price goes up or down aren't we mostly ongoingly buying? unless maybe we are starting to reach overaccumulation status sooner rather than later?

You (@BlackBoss_) have been registered nearly 4 years.. are you feeling that you are reaching over accumulation status?  Have you been trading during the past 4 years or investing (through ongoing buying of bitcoin)?  You think that your looking at the price has been helping you or if you had just blindly bought for the past 4-ish years, then maybe that would have had been better, no?

Of course for you starting in mid-2022, you would have had likely been way better off to front load your investment into bitcoin, yet guys don't necessarily know that.

So if you had been buying $100 per week since July 2022, then you would have had invested right around $20k with around half of a bitcoin accumulated, so that surely would not be a bad place to be right now.

Do you think that you have a better system than that by fucking around trying to figure out which way the BTC price may or may not go?

Do you think looking at the BTC price would have had helped you to accumulate more bitcoin for less money rather than just sticking with consistent, persistent, regular, ongoing and perhaps even aggressive buying? 

Maybe you will be able to give me an example how some other system of accumulating (investing in bitcoin) would have had worked better than straight forward and regular buying, since it seems to me to be quite difficult to be fucking around trying to figure out where the BTC price may or may not go at any given time, especially when guys are in their early stages of bitcoin accumulation, and it seems to me just ongoing buying is a much better approach rather than trying to fuck around predicting the price.. .. so then there would be ongoing buying of bitcoin whether there is perceptions that the BTC price is high, low or sideways and then to reassess the amount accumulated from time to time at various points along the way if the ongoing buying strategy might need to change based on the quantity of BTC had gotten accumulated in the process.

[edited out]

since bitcoin is not a guarantee of making profit, so for me i'd like to suggest that instead of saying we will definitely be able to earn benefits (profits) several times more than our capital it will be wise we just say that bitcoin have the potential of generating profit. the reason is so that newbies will not see it that profit is always assured without also knowing that there's also a potential that they can also lose their investment as a result of bitcoin volatility which means that in as much as it have the potential of generating profit, there's also a potential of losing entirely because no one knows what the price will be tomorrow, so the price is unpredictable.

I largely agree with everything that you said Brizi5000, yet it is not good to proclaim as if bitcoin is completely random or as if anything can happen, since we are investing in bitcoin because we consider it to be an asymmetric bet to the upside, so that the most that any of us could lose is 100% of what we put in (as long as we do not leverage), but at the same time, there is upside potential of gaining a lot more than what we put into it (even though yeah the asymmetric bet is not guaranteed, which is part of the reason that we figure out how much we can afford to put into bitcoin).   

Yes,... Short term BTC price dynamics are even more crazily hard to know.. even though we might try to guess.. but we have to try to make sure that we prepare ourselves financially and psychologically for a variety of scenarios, including extreme scenarios.

[alankasman]

Accordingly, another good thing for the newbie to have is common sense so that he can both identify areas that he needs to learn, but also so that he can adapt his position size to his comfort level, and so if he  is not comfortable with his position size, then he likely would need to adjust his position size to the comfort level and learn some more until he becomes more comfortable to increase his position size, and ultimately, the bitcoin investor is going to want to invest as aggressively as he is able to without over doing it... which is another thing that is good about having common sense which is going to help with the balancing process since a person with common sense is not going to want to gamble and is not going to want to lose money.

I think this isn't just aimed at beginners but rather at everyone so we can better understand how with common sense we can identify areas that need to be learned to adjust our position size. Therefore this discussion is more general in my opinion.

Comfort also needs to be improved because every activity carried out is certainly the front guard that is desired not other problems because if this problem has been achieved of course every portion owned will be easier to carry out especially in investing of course this is something that is really needed by them in helping balance for all parties so that everything done by parties related to investment is certainly the goal of protecting against the loss of money owned by each of those who do it.

[ZeroVinsonN]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

Having discretionary income for investment is good and very important for any investment practice, but people as newbies must learn about importance of using discretionary income so that they see with discretionary income for investment capital, they will have less fear of losing it and less fear during volatile times in any market.

They also have to learn about Bitcoin market, the market cycle to know that how long one market cycle lasts, which phases in each market cycle because it is helpful for their investment plan from purchasing, holding to taking profit time, at least minimal time for holding till taking profit.

They have to learn about Bitcoin market volatility too so they can understand that which percent is a highest price change in a market crash or during a period in Bitcoin market history. So they will become mentally stronger during such times because they already have past data for comparison and preparation mentally.

Just looking at bitcoins history over the past couple of years will provide anyone with all the data the need on how bitcoin has performed, understanding that bitcoin is volatile is also very important but there isn't much to learn on how volatility works, or at least an investor doesn't need to dig too DIP before they can start investing,  especially when it comes to analyzing the bitcoin market cycle to see when it's the best time to buy and when it's t r best time to take profit from their investment, this behaviour is definitely not what you will see in an investor but instead in a trader, bitcoin investment is long term, the moment you decide to do it short term you have already declared yourself to be a trader and if you are investor doing it long term then you have no practical reason to try to learn about the market cycles, how the move and how long they last in an attempt to figure out the best time to buy, everytime is best to buy for an investor especially when that investor is investing using the DCA.

[cyberninja2]

since bitcoin is not a guarantee of making profit, so for me i'd like to suggest that instead of saying we will definitely be able to earn benefits (profits) several times more than our capital it will be wise we just say that bitcoin have the potential of generating profit. the reason is so that newbies will not see it that profit is always assured without also knowing that there's also a potential that they can also lose their investment as a result of bitcoin volatility which means that in as much as it have the potential of generating profit, there's also a potential of losing entirely because no one knows what the price will be tomorrow, so the price is unpredictable.

This is true what you say but if there is a question then what does everyone expect in accumulating Bitcoin if the guarantee of profit cannot be guaranteed?

And for me beginners will feel this when they start investing in Bitcoin. If they understand it more quickly they might not have the intention to invest or accumulate Bitcoin in their collection plan. Some people start because they think about profits and this is clearly very wrong. But try them without thinking about profit they will certainly realize it themselves after investing whether it's six months or a year.
Indeed the benefits of investing in Bitcoin are only for those who can persist for a long time. Sometimes this kind of thing is something that everyone must have so that their desires can be realized, especially as someone said it is really difficult to predict how market prices will occur in the next few years. This is difficult for people who sometimes like to predict prices that will occur in the future so I completely agree with what you said about price predictions.

[Barikui1]

This is true what you say but if there is a question then what does everyone expect in accumulating Bitcoin if the guarantee of profit cannot be guaranteed?

Nothing is 100% guaranteed in this life, so Bitcoin is not an exception, and the primary purpose why you will hear such a statement is for investors to throw caution to the wind, by not going all in on their investment, because nothing is 100% certain in this life, so in as much as the potential of Bitcoin is very high, and the possibility of Bitcoin building a generational wealth for you if you can accumulate a huge chunk of it, and hold for a long period of time, you should not do it with what you cannot afford to do away with for a very long time, or what you can afford to lose.
So that if your investment did not later go as planned, you will never think of committing suicide because of that, so that is why investors are made aware of the minimal risk attached to it, so that they wouldn't go all in on their Bitcoin investment.

[CageMabok]

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since bitcoin is not a guarantee of making profit, so for me i'd like to suggest that instead of saying we will definitely be able to earn benefits (profits) several times more than our capital it will be wise we just say that bitcoin have the potential of generating profit. the reason is so that newbies will not see it that profit is always assured without also knowing that there's also a potential that they can also lose their investment as a result of bitcoin volatility which means that in as much as it have the potential of generating profit, there's also a potential of losing entirely because no one knows what the price will be tomorrow, so the price is unpredictable.

Your statement makes perfect sense, as there are still some beginners who are thinking about making quick profits before they start buying Bitcoin. If they had that mindset, perhaps many would have started patiently without expecting significant returns from the start or after they've purchased Bitcoin with their initial capital. Because potential always creates two distinct options: the potential for significant profits and the potential for capital losses, as the potential for loss is never truly eliminated from any investment.

However, those who truly understand how to invest and are familiar with potential assets like Bitcoin will always be willing to take action as quickly as possible to utilize their time and capital. That's why I quite like what you said, as it seems very wise for everyone and can also help beginners understand more deeply before they start investing in something they already believe in.

[Patrol69]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

I completely agree with your comment, yes, in the new situation, an investor does not need to know all the technical aspects of investment to invest in Bitcoin, rather, if the investor has some extra amount with which he can continue investing for a long time and at the same time, he can maintain the continuity of the investment. Now, if the investor has no idea about discretionary funds and if he starts investing without such an idea, then it may happen that his investment system may end due to small needs or small financial pressure. But if an investor has extra funds along with the idea, then he will have confidence, due to which he will be able to accept the instability of the market naturally and will be able to continue the investment continuously without any hindrance. An investor can start softly in the beginning and he can use a small amount to start first and later he can increase the investment amount as he wishes. That is, the investor should invest in such a way that the investment does not feel pressured by the investors.

Knowing about discretionary funds and planning your investments accordingly can be the right decision for investors.

Accordingly, another good thing for the newbie to have is common sense so that he can both identify areas that he needs to learn, but also so that he can adapt his position size to his comfort level, and so if he  is not comfortable with his position size, then he likely would need to adjust his position size to the comfort level and learn some more until he becomes more comfortable to increase his position size, and ultimately, the bitcoin investor is going to want to invest as aggressively as he is able to without over doing it... which is another thing that is good about having common sense which is going to help with the balancing process since a person with common sense is not going to want to gamble and is not going to want to lose money.

Discretionary funds are a reliable and safe fund for investors but along with this it is very important for the investor to have common sense as well as it is also important for the investors to understand their own comfort zone. If an investor understands his comfort zone then he can start investing according to his comfort and when he needs to invest he can decide as per the situation as per the need due to which the investor can buy aggressively at some times as well as understand his situation and invest normally at some times.

When an investor feels pressured to invest or feels uncomfortable about investing then that investor should understand that maybe he is investing more than the amount which he is actually unable to manage so at that time he should reduce the investment amount and continue investing consistently according to his comfort zone.

Another thing is that you always have to continue consistently. This is not the case in the case of investment. Yes, in some cases, investors may face financial problems. If investors cannot buy at that time, it is not a problem. Rather, they should at least hold on to their investments at that time. Because when investors are able to maintain their investments during that time of danger, later, when the financial situation normalizes, they will be able to continue investing consistently again.

[Tongley]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

I completely agree with your comment, yes, in the new situation, an investor does not need to know all the technical aspects of investment to invest in Bitcoin, rather, if the investor has some extra amount with which he can continue investing for a long time and at the same time, he can maintain the continuity of the investment. Now, if the investor has no idea about discretionary funds and if he starts investing without such an idea, then it may happen that his investment system may end due to small needs or small financial pressure. But if an investor has extra funds along with the idea, then he will have confidence, due to which he will be able to accept the instability of the market naturally and will be able to continue the investment continuously without any hindrance. An investor can start softly in the beginning and he can use a small amount to start first and later he can increase the investment amount as he wishes. That is, the investor should invest in such a way that the investment does not feel pressured by the investors.

Knowing about discretionary funds and planning your investments accordingly can be the right decision for investors.

Just because you have extra money when you start investing does not mean you can continue your investment continuously. We need a source of discretionary income to invest. Just because you have extra money does not mean you can continue investing continuously.

If a person is not aware of the source of discretionary income or if he does not know, then starting investment will never be the right decision for him. Because the basic knowledge that is needed to start investing is not there, but in it, basic knowledge. A person needs to acquire basic knowledge first and then he can start investing. Otherwise, if a person starts investing without basic knowledge, he is jumping into the fire. From which fire he may have no way to escape.

An investor needs to create an emergency fund to protect his assets from small financial disasters or unexpected financial disasters. We can divide these funds into three levels, such as emergency fund, reserve fund, cash fund. These funds are created to deal with all our financial disasters.

We need to build trust in Bitcoin to deal with market volatility. Emergency funds, reserve funds, these funds will never help you reduce market risk or help you cope with the fall when the market falls. Build trust in Bitcoin, then you will not be afraid of market volatility.

[Rockson1]

Just because you have extra money when you start investing does not mean you can continue your investment continuously. We need a source of discretionary income to invest. Just because you have extra money does not mean you can continue investing continuously.

If a person is not aware of the source of discretionary income or if he does not know, then starting investment will never be the right decision for him. Because the basic knowledge that is needed to start investing is not there, but in it, basic knowledge. A person needs to acquire basic knowledge first and then he can start investing. Otherwise, if a person starts investing without basic knowledge, he is jumping into the fire. From which fire he may have no way to escape.

An investor needs to create an emergency fund to protect his assets from small financial disasters or unexpected financial disasters. We can divide these funds into three levels, such as emergency fund, reserve fund, cash fund. These funds are created to deal with all our financial disasters.

We need to build trust in Bitcoin to deal with market volatility. Emergency funds, reserve funds, these funds will never help you reduce market risk or help you cope with the fall when the market falls. Build trust in Bitcoin, then you will not be afraid of market volatility.

I was supposed to quote each of the paragraphs or cut some of the text but i decided to quote all together but I will be point at everything you wrote down.
What do I feel that you are misunderstanding somethings here, once an intending investor figures out his discreationary income, he should start investing immediately because that is what is required of any investor to start, as you start, the next thing to do is look for more improved source of income so that your discreationary income will increase as such would not be a problem, I do not understand what you are referring to extra money, if the extra money you have is just for emergency do not use it to invest because it is not for investment, a serious investor does not just invest without seeking for more source of income but the main thing is to start your investment because it will trigger you to add some source of income to the existing one to boost your discreationary for more effective Bitcoin investment.

It would have been better if you say if anyone just go ahead to invest wih all the have without figuring out their discreationary income, this might likely lead the prison into some serious problems along the line, I agree with you on creating emergency funds but that can also be done along with your Bitcoin investment as long as it is something you can carry along with your acumulation.
Don't put your mind in volatilty, since you have your discreationary income just keep investing with it, it won't be nice to distract yourself with volatility something that we know that is Bitcoin thing, as a newbie no too much stress, basic knowledge, discreationary income then investment proper.

[Bright0515]

Just because you have extra money when you start investing does not mean you can continue your investment continuously. We need a source of discretionary income to invest. Just because you have extra money does not mean you can continue investing continuously.

I get your point but you misunderstand the fact that Bitcoin doesn't need a perfect start because you are still a beginner, what you must know is that you should only invest when you have any leftover money which is known as your discretionary income. You only need to invest with your discretionary incomes after you must have settled all your necessary bills, it is not a must to invest consistently because it is not advised to invest with money for your survival which also makes it clear that if you only have money for survival you must use it for yourself and only invest when you have some leftovers.
Even for the fact that it is very good to invest into Bitcoin consistently (probably daily, weekly or monthly), you can also invest whenever you have spare money to buy Bitcoin, because Bitcoin investment also allows flexibility and also makes it very clear that it's not a must do but everyday (of you don't have money we all already know that money doesn't just come out from anywhere).

A person needs to acquire basic knowledge first and then he can start investing. Otherwise, if a person starts investing without basic knowledge, he is jumping into the fire.

If a person doesn't have the basic knowledge to invest in Bitcoin they they can learn, but they can't learn without making practice. Basic knowledge about investing into Bitcoin is not supposed to delay someone who's interested to invest in Bitcoin because all they need to know is how to buy and how to secure their seed phrase and the rest.
After that they can learn the rest things while they are investing, they can start buying Bitcoin with small amount of money. As an investor that haven't understand what he's doing, it's very necessary for them to start small because starting small gives them the opportunity to understand the market as time goes.

From the content of your post, I understand that you think starting a new investment is very risky. But what's the greater risk if you are not willing to take one? Not just one but the one with a solid structure.
If you are scared of any investment, then you should stat small, by starting small you will have the chance to learn and understand the investment and you will not also be taking any big risk while investing, but you should never forget to start with the spare money you have. If you don't have any spare money then you don't invest because it is not wise to invest with money for your survival. Investing with your discretionary income gives you the chance of not selling early whenever you are having any financial challenges because you must have settled your necessary bills and also keep some cash separately for emergency inc.

[NewRevelation]

Just because you have extra money when you start investing does not mean you can continue your investment continuously. We need a source of discretionary income to invest. Just because you have extra money does not mean you can continue investing continuously.

If a person is not aware of the source of discretionary income or if he does not know, then starting investment will never be the right decision for him. Because the basic knowledge that is needed to start investing is not there, but in it, basic knowledge. A person needs to acquire basic knowledge first and then he can start investing. Otherwise, if a person starts investing without basic knowledge, he is jumping into the fire. From which fire he may have no way to escape.

You don't need to learn almost everything before starting, or you don't need to learn a whole lot, because you can't learn everything all at once. What you need to learn before you begin your  investment is the basic knowledge of how to figure out your discretionary income first when your  salary comes in, yea. If this has been done, you can begin your investment right away, and other investment knowledge needed to continue with your investment can be learned alongside your investment experience.

And this knowledge of a thing has scared some would be investors away from starting there investment, with the excuse that they know nothing, and that Bitcoin investment needs a whole lot of knowledge to be able to start. While knowledge is very good on your investment journey, you can't possibly get all knowledge, and if you want to wait to acquire all knowledge before starting, them that means you may not even start because you keep learning everyday. So, the best is to begin your investment if you have been able to figure out your discretionary income, and gradually, other know will fall in place as experience will take it's full course

[Itz-prisigold]

Just because you have extra money when you start investing does not mean you can continue your investment continuously. We need a source of discretionary income to invest. Just because you have extra money does not mean you can continue investing continuously.

If a person is not aware of the source of discretionary income or if he does not know, then starting investment will never be the right decision for him. Because the basic knowledge that is needed to start investing is not there, but in it, basic knowledge. A person needs to acquire basic knowledge first and then he can start investing. Otherwise, if a person starts investing without basic knowledge, he is jumping into the fire. From which fire he may have no way to escape.

I believe you are overemphasizing basic knowledge as something that has to come first.  See the reality is that a lot of understanding comes only from personal experience, people can read all they want, watch videos online and do personal research but without actually putting in money, they will never fully understand their own behavior or their own limits. Most people only think they know how they will act,  but that changes once real money is involved, that's the point when your emotions will start to show up. Also you only see how disciplined you are when actual choices are at stake, not just the theory, yeah sure, reading gives you the knowledge,  but experience shows you your real financial habits.

Starting with discretionary funds is not jumping into the fire, It’s actually the most secure and the most responsible way to learn, It also allows a person to know how they manage their money in real life. It shows you how to manage what is left after all your necessary expenses is covered between investing,  and saving, without the burden of financial pressure.

Most of the discipline people speak of comes from practice and not just theory, so starting off small can help you not just build discipline,  but also a healthy financial mindset alongside basic understanding, instead of waiting around for the ideal knowledge.

At the end, investing can only become meaningful when someone actually tries to applies it to their personal situation and adjust along the way,  instead of  just sitting there and trying to know everything before making the first  move.

[sotelorene]

You are wrong.  The main thing that a bitcoin newbie needs to learn and/or know before getting started investing in bitcoin is whether he has discretionary funds that he considers to be enough to put into bitcoin for 4-10 years or longer, and he does not even need to commit to 4-10 years or longer at the time that he gets started investing in bitcoin.  

If the newbie has discretionary funds he can get started investing in bitcoin, and he can learn the other matters related to bitcoin investing and cashflow management (to make sure that he is not investing beyond his discretionary funds) that he needs to know as he goes.  

Having discretionary income for investment is good and very important for any investment practice, but people as newbies must learn about importance of using discretionary income so that they see with discretionary income for investment capital, they will have less fear of losing it and less fear during volatile times in any market.

They also have to learn about Bitcoin market, the market cycle to know that how long one market cycle lasts, which phases in each market cycle because it is helpful for their investment plan from purchasing, holding to taking profit time, at least minimal time for holding till taking profit.

They have to learn about Bitcoin market volatility too so they can understand that which percent is a highest price change in a market crash or during a period in Bitcoin market history. So they will become mentally stronger during such times because they already have past data for comparison and preparation mentally.

Just looking at bitcoins history over the past couple of years will provide anyone with all the data the need on how bitcoin has performed, understanding that bitcoin is volatile is also very important but there isn't much to learn on how volatility works, or at least an investor doesn't need to dig too DIP before they can start investing,  especially when it comes to analyzing the bitcoin market cycle to see when it's the best time to buy and when it's t r best time to take profit from their investment, this behaviour is definitely not what you will see in an investor but instead in a trader, bitcoin investment is long term, the moment you decide to do it short term you have already declared yourself to be a trader and if you are investor doing it long term then you have no practical reason to try to learn about the market cycles, how the move and how long they last in an attempt to figure out the best time to buy, everytime is best to buy for an investor especially when that investor is investing using the DCA.

Anyone who is digging much to have a knowledge about bitcoin is really wasting time because in bitcoin investment those knowledge they are seeking or looking for are not really necessary. people that always dig so much to know or understand everything about bitcoin are folks that want to mess around with bitcoin but most times bitcoin always prove them wrong that they can not mess around with it and go free and that is the reason why we should not think of trading or gamble with bitcoin because the possibility of us losing our money is very high and the trauma that do comes after loss can be unbearable sometimes.

[Sticky Bomb]

Having discretionary income for investment is good and very important for any investment practice, but people as newbies must learn about importance of using discretionary income so that they see with discretionary income for investment capital, they will have less fear of losing it and less fear during volatile times in any market.

They have to learn about Bitcoin market volatility too so they can understand that which percent is a highest price change in a market crash or during a period in Bitcoin market history. So they will become mentally stronger during such times because they already have past data for comparison and preparation mentally.

They don't need to learn all these before getting started, they only need to be sure they're having discretionary income from their total income after taking care of their expenses.  Newbies need get started and learn about managing their cashflow better as they go. A newbie who came into Bitcoin to invest and knows what he wants from Bitcoin wouldn't be in a rush to sell, this is because common sense should tell the newbie that investment is all about building wealth for a while pending maturity and not playing smart as to trying to take quick profits.
They've the price history to convince them that Bitcoin is a good bet for the future and as they engage, despite starting small to boost confidence and eliminate instant fear ,they'll learn better and understand Bitcoin the more while they remain consistent in their periodic buys and trying their best to manage their cashflow properly so they keep having discretionary income to buy and hold.

They also have to learn about Bitcoin market, the market cycle to know that how long one market cycle lasts, which phases in each market cycle because it is helpful for their investment plan from purchasing, holding to taking profit time, at least minimal time for holding till taking profit.

The only acceptable time to take profit is over accumulation stage, which is when an investor has surpassed his accumulation target and so have some extra BTC cushion with which he can decide to leverage on as profits, but not much that would see him go below his target quantity. Any short-term profit talking is greatly discouraged and can be considered trading bottom instead of investing into it.