JJG’s Outline of Bitcoin Investment Ideas

[SPIDERMAN008]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

[avp2306]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

It's better to take some break or pause a bit from accumulating Bitcoin if there is no discretionary income available and be holding on the one been accumulated rather selling your Bitcoin.

It's good to hodl Bitcoin i wouldn't like to be a no-coiner instead i will be holding my accumulated Bitcoin and continue to increase my stack when there is a discretionary income.

At the time of taking break you can be working on increasing your income so you can have some other income to start accumulating Bitcoin again to able to hodl Bitcoin for longer above 4-10.

This is how important to have side hustle to avoid this kind of situation, but if they only relying on their discretionary income well taking pause make sense at all rather than they decide to sell.

Hodling their positions for awhile will make them away to become a no coiner, also using that break to set up everything and try to find ways to improve your income is good then they can later on go back accumulating when situation goes fine in their end.

With that I believe that they can sustain their plan to go 4 - 10 years on their Bitcoin investment without thinking or be force to drain their own reserves.

[liasbaa]

Even people who start out investing in bitcoin with stable income may well some times get themselves in situations in which their income is not stable, and surely they have to deal with such situations.  Sometimes they might purposefully put themselves in such a situation, and other times, they might have circumstances in their life cause them to have periods of unstable income (or even loss of income and/or increases in expenses).

To be in long term Bitcoin accumulation, we need to be mentally prepared for any negative aspects of this continuous situation of stable income and give importance to emergency funds and cash flow accordingly. In the context of our country if I say that I am engaged in the work I am doing I know that I can lose my job at any time. Such a situation can happen to anyone.

You have taken a long term goal for Bitcoin accumulation and have been doing DCA regularly for 3 years and your job may go away. In that situation, will you stop accumulating Bitcoin or make a bad decision to withdraw? Nop, it should not be at all because this is a critical time and you will have to run at least one or more cycles of Bitcoin accumulation to reach an expected investment level.

Income instability is temporary and you will soon find a job and until then continue to provide family backup through your reserve fund. Besides, you probably have an emergency fund that will take care of Bitcoin holdings in case of special needs.

[Mr_Brilliant$]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

True, that short term mindset is very common with beginners because many of them enter Bitcoin with a trading mentality instead of an investment mentality…. So they keep focusing too much on quick profits and short term price movements..

But that mindset can actually be put aside though, and honestly it has to be put aside if someone wants to build a more sustainable Bitcoin investment journey… That is one good thing about this forum too, you constantly get exposed to better ways of approaching Bitcoin investment from different experienced people.. Over time, you just consciously and subconsciously start adopting a more proper long term mindset naturally..

[SuperBitMan]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

[BRINIRHA]

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

I don't see this as a good thing because when you buy bitcoin and try to focus but there are several things that make your purchase stop it just shows that you are not mature in the initial planning and this can happen for several reasons such as you cannot manage your cash flow properly.

So by looking at this temporarily stopping maybe for some people it could be the answer but for me instead of doing this it would be better for you to focus on evaluating in improving your cash flow arrangements and minimizing things that are not needed.
Buying can still be done but you must try to manage cash flow well first and discipline yourself in your financial management because I believe when someone wants to try to invest especially to be in bitcoin in the long run they must have a foundation in good cash flow first and if that fails then it is certain that financial management including in managing income funds, living expenses with their discretionary funds is really bad.

Doing DCA is not only about purchases made against bitcoin but organizing our cash flow well in advance so that purchases can be made because if that does not happen then something like this is where failure will be felt.

[Big Dirams]

True, that short term mindset is very common with beginners because many of them enter Bitcoin with a trading mentality instead of an investment mentality…. So they keep focusing too much on quick profits and short term price movements..

But that mindset can actually be put aside though, and honestly it has to be put aside if someone wants to build a more sustainable Bitcoin investment journey… That is one good thing about this forum too, you constantly get exposed to better ways of approaching Bitcoin investment from different experienced people.. Over time, you just consciously and subconsciously start adopting a more proper long term mindset naturally..

Approaching bitcoin investment with trading mindset is not a positive approach to go into bitcoin mindset with. Such mindset is only about the short term profits and quick profits and when investing in bitcoin we shouldn’t take profits as one of the factors that brings us to the journey or one of the reasons that inspire us or lure us into the journey. 
 Seeing profits as a factor that brought us to bitcoin investment is a trading mindset and that not the goal here, let focus on the future goals, let have the mindset of securing our future now and having positive plans towards our future not seeing short term goals as a huge achievement. Hold and hold as we possibly can for the future and let not see profits taking as a reason at all to stop accumulating and holding. 

[cxtreenal]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

I agree with you that we need to take a break sometimes because taking a break is a way to recharge and get back to the same or more momentum. Some may have financial problems like losing their jobs and some may have business losses. Some may have physical health problems. You need to have alternative financial arrangements to solve each problem.

When doing DCA you may encounter situations where it is better to take a break rather than maintain continuity. Many investors may not have a fixed amount of money allocated to DCA because the amount of discretionary income is not the same every week, especially those who do business. Investors who work have a fixed financial capacity and they may be able to accumulate the same amount of Bitcoin every week. Anyway I think that if someone does DCA with discretionary income, they will not be able to accumulate the same amount of Bitcoin every week, sometimes they will make more sometimes less because the amount of family expenses is never fixed.

[Finebone]

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

The best you can do for such persons is to show them the right part, not trying to force them, and I want to ask, if you have you ever seen an addictive gambler stop on his own because he is not winning?
That's how it is with most traders, so the best you can do for such persons is to show them the light, why they should rather invest in Bitcoin than trading, because most of these traders are just ignorant about Bitcoin investment, while some are into it for quick profit, so these sets of people is not going to stop on their own unless they are being shown the right path. Most of them wouldn't do as you say, but in due time, some will later start investing after they start observing that your advice was true.

[Rockson1]

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

I understand what you mean, you want them to test the other side to the fullest so that they will retrace their step on their own, but sometimes it does not work that is way, hope you know that trading can be addictive,.if there is a way you can help such persons you can do although not by force, the only we can do is to talk to people and allow them to be the final decision takers, Remember it is their mindset that deceived them into trading however, they might also trace the main root, trading mindset is caused by factors, quick money making, greed, people have a deceitful mindset, to them it about the profit always, they are not after laying foundation for that to come since that is what they want, Bitcoin investment has taught many people how to be patient and long-term will always be the goal if you are a real investor.

[BluebloodCXVI]

The primary goal for someone investing in Bitcoin long-term is to have a stable income. This is one way to maintain their existing Bitcoin investment eliminating the need to worry about selling. Having a stable income serves as a buffer during difficult times. Therefore when in need this income should not immediately sell what they already have but rather a way to hold on to their existing holdings. Therefore investing in Bitcoin for a long period of time requires a stable income even if they don't make any further purchases. I believe having a stable income is a key factor in saving their existing Bitcoin from selling. This indicates that a stable weekly or monthly income will make it easier for someone to preserve their long-term investment which has been invested for 4-8 years. This is not a short period but a considerable amount of time.

I think you’re confusing having a source of income with having stable income, those are two different things, and I also fear your words are quite misleading and someone might be misinformed by them.
First of all, having a stable income doesn’t even guarantee success in your investment because it’s not the deciding factor of success in a person’s investment. In fact, if you’re talking about the main factors that can facilitate success in bitcoin investment, then you should be mentioning financial discipline and risk management first before talking about stable income. There are cases of people who earn good salaries but still ended up selling because they invested more than they could handle emotionally. At the same time, some people with small or irregular incomes have managed to hold Bitcoin for years simply because they planned properly and they didn’t overinvest, they understood their limits, and they only bought with money they could truly afford to leave untouched for a long time. So i don’t agree that having stable income should be a primary goal of someone investing in bitcoin, folks should make do with the available discretionary income that is available to them at that time, as long as they have a source of income. And if they’re able to create another source of cash inflow for themselves or build a more stable income along the way then it would be a plus for them.

That being said, having a stable income is a big plus, I agree on that one, but in the absence of it, you should not delay or fail to accumulate bitcoin. Discretionary income is all you need to ongoingly invest in bitcoin, nothing else.

[Grease5000]

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

I understand what you mean, you want them to test the other side to the fullest so that they will retrace their step on their own, but sometimes it does not work that is way, hope you know that trading can be addictive,.if there is a way you can help such persons you can do although not by force, the only we can do is to talk to people and allow them to be the final decision takers, Remember it is their mindset that deceived them into trading however, they might also trace the main root, trading mindset is caused by factors, quick money making, greed, people have a deceitful mindset, to them it about the profit always, they are not after laying foundation for that to come since that is what they want, Bitcoin investment has taught many people how to be patient and long-term will always be the goal if you are a real investor.

He made a key point when he said, "anyone who is trading bitcoin for a short term will actually come back to longterm"
That usually happens because short term trading exposes him to constant stress, unpredictable price movements, and repeated losses from timing mistakes. Over time, he realizes that the market is difficult to outsmart consistently.

Long term investing tends to work better because here he would not try to predict every move. Instead,  he focuses on steady accumulation, reduced emotional pressure, and time in the market. This allows investors to benefit from Bitcoin’s overall long term growth without getting caught in daily volatility.

Another reason is cost and discipline. Frequent trading often leads to fees, making decisions out in a hurry and missed opportunities. But when he holds long term he avoids unnecessary mistakes and allows compounding over time to do the work. In the end, he learns that long term investing is less about activity and more about patience, consistency, and staying invested through cycles.

[Popkon6]

True, that short term mindset is very common with beginners because many of them enter Bitcoin with a trading mentality instead of an investment mentality…. So they keep focusing too much on quick profits and short term price movements..
But that mindset can actually be put aside though, and honestly it has to be put aside if someone wants to build a more sustainable Bitcoin investment journey… That is one good thing about this forum too, you constantly get exposed to better ways of approaching Bitcoin investment from different experienced people.. Over time, you just consciously and subconsciously start adopting a more proper long term mindset naturally..

Approaching bitcoin investment with trading mindset is not a positive approach to go into bitcoin mindset with. Such mindset is only about the short term profits and quick profits and when investing in bitcoin we shouldn’t take profits as one of the factors that brings us to the journey or one of the reasons that inspire us or lure us into the journey. 
 Seeing profits as a factor that brought us to bitcoin investment is a trading mindset and that not the goal here, let focus on the future goals, let have the mindset of securing our future now and having positive plans towards our future not seeing short term goals as a huge achievement. Hold and hold as we possibly can for the future and let not see profits taking as a reason at all to stop accumulating and holding. 

We should plan for the future on how we will hold Bitcoin investment in the long term, and we can increase Bitcoin investment as a result of regular Bitcoin and we can identify this method as DCA. We will make Bitcoin investment for the future. Those who expect to profit after a few days are basically greedy and have plans to trade, but this is a completely wrong idea. Only long-term investment is compatible with Bitcoin, so the current position of Bitcoin price and short-term investment should be removed from the minds of investors.
Because to protect Bitcoin investment from everything, you must make long-term investment and cannot expect to make profits easily, and the strategies that need to be followed must be followed because Bitcoin investment should be sustained for a long time.

[Ruttoshi]

I believe when someone wants to try to invest especially to be in bitcoin in the long run they must have a foundation in good cash flow first

You don't need to have a foundation of a good cash inflow first before you can start your bitcoin investment. Don't make starting your investment a problem to you because you only need your discretionary income to get started and not foundation of good cash inflow.

A lot of people without good foundation cash inflow can avoid to drink beer, gamble, womanize and spend their discretionary income on consumable stuffs. You can use such money to start investing in bitcoin even as low as $10. If you want to wait till you have a good foundation of cash inflow, you might end up not investing at the end because you have made accumulation of bitcoin a big task to achieve.

What really matters is your ongoingly buying bitcoin with your discretionary no matter how small it is and look for other means to increase your income so that you can have extra money to add to your discretionary income in order to increase your DCA amount and accumulate consistent and persistent if possible, even aggressively for 4-10 years and above till you have reached your bitcoin target.

[Kelward]

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

The best you can do for such persons is to show them the right part, not trying to force them, and I want to ask, if you have you ever seen an addictive gambler stop on his own because he is not winning?
That's how it is with most traders, so the best you can do for such persons is to show them the light, why they should rather invest in Bitcoin than trading, because most of these traders are just ignorant about Bitcoin investment, while some are into it for quick profit, so these sets of people is not going to stop on their own unless they are being shown the right path. Most of them wouldn't do as you say, but in due time, some will later start investing after they start observing that your advice was true.

I have seen a number of traders that totally left trading to come into Bitcoin investment but I'm yet to see somebody that totally left Bitcoin investment to go into trading, this will show you that Bitcoin investment gives much peace of mind because it is far less risky than trading.

I have decided a long time ago that I'm not going to preach anybody about Bitcoin investment because when I was doing so most people that I tried to convince thought that I was directing them to a Ponzi scheme but I'm glad that Bitcoin is making a name for itself now. It's only if I see a struggling trader that I believe that he wants out that I can suggest Bitcoin investment and allow the person to decide what he wants. I believe that in the future when Bitcoin must have skyrocketed into many ATH a lot of traders will regret that if they have been accumulating Bitcoin they would have been better off in profit plus peace of mind.

[Showlove01]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

The truth still remains that anyone who want to follow short way will always be caught short especially in Bitcoin, it is a very volatile asset so thinking of  it about the short way will not be really funny because you will be liquidated that is why it is advisable to invest and have the long term mindset using our discretionary income since there is no guarantee but the potential of Bitcoin is the only thing that keeps investors hope so high because we have fate it will do well in the future.

[Merit.s]

I agree with you that we need to take a break sometimes because taking a break is a way to recharge and get back to the same or more momentum. Some may have financial problems like losing their jobs and some may have business losses. Some may have physical health problems. You need to have alternative financial arrangements to solve each problem.

When doing DCA you may encounter situations where it is better to take a break rather than maintain continuity. Many investors may not have a fixed amount of money allocated to DCA because the amount of discretionary income is not the same every time.

Those problems that you mentioned above are real life emergencies which is the main reason why you should set up an emergency funds to comb to unforeseen circumstances that will play out during our bitcoin accumulation stage.

There's no need to go on a break when accumulating bitcoin and the only reason for that is if you don't have a discretionary income at that moment. You can wait till you have a discretionary income and continue accumulating bitcoin. If you have a discretionary income and choose not to buy bitcoin because you are on break, it will slow down your bitcoin accumulation pace and reduce the quantity of bitcoin that you are supposed to accumulate overtime.

[Bright0515]

Buying can still be done but you must try to manage cash flow well first and discipline yourself in your financial management because I believe when someone wants to try to invest especially to be in bitcoin in the long run they must have a foundation in good cash flow first

The bold part of your comment seems wrong because based on my little knowledge, I believe that it's not compulsory to acquire a huge cash flow before you/anyone can start buying Bitcoin. If you think it's compulsory then it obvious that you neglect the importance of starting small. There are so many Bitcoin folks today that started buying Bitcoin during the period of time that their cash flow was very low, but a long the process of accumulating more Bitcoin they also created opportunity in other to increase their cash flow.
So what I'm trying to say here is that it's important to start small and it's not mandatory for beginners to have a stable income flow or huge cash flow before they can start buying Bitcoin because that's literally one of the thing that keeps a lot of people from procrastinating and at the end they eventually end up not investing at all. So it's important to start with your little cash flow, the necessary thing to do is invest into Bitcoin through your discretionary income.

Actually the bold part of your comment seems wrong because from my own perspectives you only talked about preparation but the question is what are you preparing for if you can not investing with your little cash flow during the process process of creating another means of generating income.

[Itz-prisigold]

No one says having a stable income is a bad idea but for the sake of having the feeling to invest in Bitcoin, note that one doesn't need to wait for a stable income before investing in Bitcoin, understand that so many investors that are rich through investing Bitcoin, is not all that started with stable income, some has to sell of their assets which they can buy back when they had reach their accumulated status.

Actually, you don't understand what stable income is. You are giving your own opinion without having any idea about it. There is no point in spreading confusion by talking in randomly . I think you are confusing stable income and irregular income.

First of all, to invest in Bitcoin, you must have income. After spending, you must have extra money with which you can buy Bitcoin. Now, if someone's income is not stable, it means that the income is today, he has no job tomorrow, no business, there is no guarantee when the next income will come, then how will he manage his expenses? The possibility of having extra money outside his expenses is low. In this case, how will he invest in Bitcoin? He has no ability, and even if he invests in some way, I don't think he will be able to hold it for a long time. And I don't believe that anyone has been successful without stable income. Most people suffer losses because they do not have proper fund management and proper knowledge about cash flow.

I believe you're just adding to the confusion here, you're only pushing at the fact about stable income vs irregular income, and not talking about the role of cashflow management and discretionary allocation.

Well, you're saying that is only people who have a steady income can accumulate Bitcoin successfully, but that's not the case.  I'll tell you this,  somebody can make a good amount of money each month and still have a terrible spending habits, they will have no backup fund, no structure, and no way to save any money for anything of value.  Someone who makes irregular income can be able to accumulate Bitcoin regularly as they know how to manage what comes in and can allocate from any discretionary income that they have available.

I think you are assuming that consistency means investing the same amount at a fixed interval no matter what, but you should know that is not what DCA is about. DCA is very flexible by nature. When you have enough discretionary income, you can do the larger buys, when you don't,  you can do the smaller buys, and some periods maybe nothing at all.  What is more important is maintaining a sustainable structure around your finances.

Lastly, saying no one can succeed without a steady income is an extreme statement, we have a lot of individuals that work with fluctuating income,  and still trying their best to build solid position because they actually know how to manage liquidity, how to spend,  how to reserve and how to allocate properly.

[BRINIRHA]

Buying can still be done but you must try to manage cash flow well first and discipline yourself in your financial management because I believe when someone wants to try to invest especially to be in bitcoin in the long run they must have a foundation in good cash flow first

The bold part of your comment seems wrong because based on my little knowledge, I believe that it's not compulsory to acquire a huge cash flow before you/anyone can start buying Bitcoin. If you think it's compulsory then it obvious that you neglect the importance of starting small. There are so many Bitcoin folks today that started buying Bitcoin during the period of time that their cash flow was very low, but a long the process of accumulating more Bitcoin they also created opportunity in other to increase their cash flow.
So what I'm trying to say here is that it's important to start small and it's not mandatory for beginners to have a stable income flow or huge cash flow before they can start buying Bitcoin because that's literally one of the thing that keeps a lot of people from procrastinating and at the end they eventually end up not investing at all. So it's important to start with your little cash flow, the necessary thing to do is invest into Bitcoin through your discretionary income.

Actually the bold part of your comment seems wrong because from my own perspectives you only talked about preparation but the question is what are you preparing for if you can not investing with your little cash flow during the process process of creating another means of generating income.

You must be able to distinguish between huge and good cash flow in this case.
Huge cash flow cannot necessarily make us have good cash flow because in this case large or small is not a measure but it is different when we run a good cash flow where we can put the initial position of the money we have for some basic needs and discretionary funds that we have.
So with this when we have good cash flow (not huge as you notice) we will not have a gap to stop buying because we have prepared the money you want to buy for bitcoin from the start and it does not interfere with other needs including basic needs because what we use comes from the discretionary funds we have.