JJG’s Outline of Bitcoin Investment Ideas

[Shiny_L@dy]

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 cannot be completely confident about how long the BTC price will stay within a certain price range or whether the next breakout will be upward or downward. If we have a fairly strong idea of  the direction . we can adjust our behavior according to our expectations. But even then  we can be wrong. This is why the price can go in any direction, even the opposite of our expectations. We should always be financially or psychologically prepared for this possibility.

Whenever possible, there are probably continuous attempts to influence the price, but sometimes the price cannot be held at its current position or the manipulators cannot push it in the desired direction. Rather than getting too involved in the expected fluctuations in the price of BTC in the short term, we should focus more on our own ability to buy Bitcoin and our ability to adequately manage our cash flow. Focusing on the other side will not be very helpful.

In particular, the impact depends more on the level of our own aggressiveness and savings status. In the early stages of Bitcoin accumulation, most people focus on continuously saving through purchases and will not take much of a break from their savings. They may only take a break if their income decreases or their expenses increase, and then sometimes they can take some steps to increase their income or reduce their expenses. Everyone has to find a solution to this, whether they will continue to buy continuously or change their strategy and stop buying continuously.

[Nheer]

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

Your statement might mislead beginners so we have to be careful with what we say. It's totally wrong saying you must have a good cash flow foundation before first before investing. You don't necessarily have to have a foundation of good cash flow before investing because if you want to wait out to build a solid foundation you're practically wasting a lot of time which in turn is a waste of opportunity. Having a good cash flow is good for investment but shouldn't be a reason keeping you from investing. You can invest first even if your discretionary income is not much and can't cover other areas like emergency funds yet, and then you can build a strong cash flow as you proceed with your investment.

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.

I think the difference between both actually comes down to how well you manage your finances. When someone has a huge cash flow there’s a higher chance that their investments will go well because they have enough funds to put into the right areas which is good for the investment. A large cash flow can easily become a good cash flow if it is managed properly.

[Grace333]

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.

It's not about having a good cash flow or a huge cash flow the most important thing is having a discretionary income that allows you to invest in bitcoin outside money for your basic needs. Besides aren't you aware that there are people who earn money but have no discretionary income to spare for bitcoin investment? There are persons with good cash flow or huge cash flow with lots of debts and mortgages that they end up not having discretionary income. However it's more important to direct our focus to discretionary than looking at the overall cash flow, though if a folk has good or huge cash flow with wide discretionary income it would definitely be an added advantage to his accumulation because he has the luxury to frontload his investment yet, it's not a necessity that everyone must have good cash flow before they can invest in bitcoin, even the poor has a place in bitcoin provided they have discretionary income irrespective of its size.

[gracreavix]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.  And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

[Baki202]

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 is no way that challenges will not come and one of the ways to take care of emergencies especially when you are investing is for you to have,  there is no way that problems will not come so before they come you have to be prepared before they come so that they will not take you unaware, because when it comes and you are not prepared then one thing you will do is to sell your  asset because that is what most of them know how to do when don't have emergency funds.

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.

Plans can be made but when you are doing it you have to make sure you are doing it right that is one thing about been very strategic about this whole thing, and now when you have plans to accumulate then what are the things that needed to be done, and first thing that qualify anyone to have the intention to want to invest is that you must have a means of earning that is the only way that you will be able go get your discretionary income and then also your emergency funds so that is like one of the most effective way for you to become a investor because even if you want to do DCA and no means of income it won't work.

[Gentle_Soul]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.  And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

I took my time to read out on JJG's outline and in one of his responses to the first critics on this thread he mentioned in one of his responses when bought his first Bitcoin in the year 2013 and for a while he never made any visible profit from his investment not until in 2017 which was around about 3 years and 5 months after his first investment that he made profit so investing in Bitcoin requires that you hold a bit longer and thats why you need to use your discretionary income to DCA.

[whiteblue]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.  And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

To see how strong Bitcoin holders are in holding Bitcoin, We can see their mentality. We should emulate their mentality to hold it for the long term. Many Investors make mistakes because they make poor decisions.

The best decision is to hold for the long term, as Bitcoin always fluctuates, so don't panic during corrections or jump to conclusions when the market is in a downtrend.

If our goal is long-term, don't worry about the price every day. We don't need to be afraid or anxious, because our Investment process is for the long term.

[Dreadboost]

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.

Bright0515, you actually misunderstood what BRINIRHA said in the bolded comment. And I would like to keep it simple for easy understanding. What he meant there in the bold sentence is about "good cash flow," not "huge cash flow". Without a good cash flow, which, from my understanding, he meant to say "a steady income flow". Without it, there wont be consistency in the discretionary income you have to put into your investment. A steady income flow will provide consistent discretionary income for your investment.

And then even if we want to talk about a huge cash flow, a Bitcoin investment has a "threshold". By threshold, I mean a point at which point where someone can think about starting their Bitcoin journey. For someone who can barely eat 3 square meals, pay their bills, the idea of "starting small" does not apply to them. Starting small is a concept for an investor who is prepared financially to not wait for big accumulation but to start from the little he has. But this investor is capable of meeting his essential needs and still invests a little consistently and comfortably.

[Crytohillss]

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.

Most of the individuals go into Bitcoin thinking that is a quick profits but the longer one stay around the market the more people realize patience usually beats constant trading DCA remove so many emotions decisions that can make people lose money in the first place. Individuals who has done over this year's weren't necessarily the right trader's.

[samadam007]

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.

A lot of new traders start with random coins hoping to get rich quick, and when it don’t work, they bring the same fast money mindset to Bitcoin and try to trade it daily or weekly.
But Bitcoin is not easy to trade in short term because the price can go up and down a lot in days or weeks and nobody can predict it easily and accurately. Most people who try to do that end up buying high and selling low.
Bitcoin works best as a long term investment. Just hold it for years and don’t check the price every day.

If you’re new, start small, learn the basics, and consider buying Bitcoin regularly, instead of trying to time the market.

[Davidloki]

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.

A lot of new traders start with random coins hoping to get rich quick, and when it don’t work, they bring the same fast money mindset to Bitcoin and try to trade it daily or weekly.
But Bitcoin is not easy to trade in short term because the price can go up and down a lot in days or weeks and nobody can predict it easily and accurately. Most people who try to do that end up buying high and selling low.
Bitcoin works best as a long term investment. Just hold it for years and don’t check the price every day.

If you’re new, start small, learn the basics, and consider buying Bitcoin regularly, instead of trying to time the market.

How are you guys comfortable discussing trading in this thread instead of Bitcoin investment ideas that will help other investors in this thread? First, Spiderman008 spoke about trading and investment in the same context. That's wrong. Trading is not an investment. And since I would not want to discuss trading, I need to let you know that when an investor intentionally focuses on the market before he accumulates, he is indirectly doing trading, not investment. Investment is an act of consistent accumulation, whether the price is falling or going up. That moment of pausing an investment to time the market is mostly frowned upon in this thread and doesnt in any way help new investors who will be joining this thread.

[samadam007]

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.

A lot of new traders start with random coins hoping to get rich quick, and when it don’t work, they bring the same fast money mindset to Bitcoin and try to trade it daily or weekly.
But Bitcoin is not easy to trade in short term because the price can go up and down a lot in days or weeks and nobody can predict it easily and accurately. Most people who try to do that end up buying high and selling low.
Bitcoin works best as a long term investment. Just hold it for years and don’t check the price every day.

If you’re new, start small, learn the basics, and consider buying Bitcoin regularly, instead of trying to time the market.

How are you guys comfortable discussing trading in this thread instead of Bitcoin investment ideas that will help other investors in this thread? First, Spiderman008 spoke about trading and investment in the same context. That's wrong. Trading is not an investment. And since I would not want to discuss trading, I need to let you know that when an investor intentionally focuses on the market before he accumulates, he is indirectly doing trading, not investment. Investment is an act of consistent accumulation, whether the price is falling or going up. That moment of pausing an investment to time the market is mostly frowned upon in this thread and doesnt in any way help new investors who will be joining this thread.

We are not encouraging or promoting trading here!!! The original comment was warning beginners against bringing a short term trading mentality to Bitcoin because many beginners start with risky coins then try to quickly buy and sell Bitcoin too, which usually lead to losses. That is exactly what we’re advising against. The only reason short term trading was mentioned was to discourage it, especially for newcomers who can easily lose money trying to time the market.
We all want the same thing: to help new investors make better decisions. Consistent accumulation is still one of the safest and effective strategies for Bitcoin.

[Mandoy]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.  And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

I took my time to read out on JJG's outline and in one of his responses to the first critics on this thread he mentioned in one of his responses when bought his first Bitcoin in the year 2013 and for a while he never made any visible profit from his investment not until in 2017 which was around about 3 years and 5 months after his first investment that he made profit so investing in Bitcoin requires that you hold a bit longer and thats why you need to use your discretionary income to DCA.

I believe that JJG's outline is one of the best real-world illustrations of the importance of patience in Bitcoin investing. A lot of people go in there looking for some short term gains, but Bitcoin has always been a firm believer that those who can remain consistent in both down and up markets will make more money. The ability to concentrate on a longer time frame. as JJG demonstrates with his 2013 purchase and placing a profit in 2017. doesn't always come easily but can be extremely rewarding. This is the reason that DCA with discretionary income is crucial  it eliminates the emotional aspect of trading and enables investors to ride out bumps in the road without panicking and selling out. To my view, those who are always seeking quick profits are unlikely to consider the wider picture of Bitcoin's long-term value appreciation.

[junder]

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 one of the purposes of this forum we can exchange ideas, and that can certainly provide us with additional knowledge. Your decision to take a break makes sense and I would do the same though I would continue doing it, albeit at a reduced pace compared to usual. However, once my finances improve, I’ll resume at the usual pace or even better increase it.

[drangos]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.  And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

Indeed patience is among the most crucial attributes of Bitcoin investing. The volatility of the crypto market is typically a punishment for impulsive and hasty trading. and many people enter the market with the hope of quick profits. As time goes on. The long term investors are doing better than most traders because they do not go on with panic selling and unnecessary risks. JJG is an example of an investor who has invested with a steady approach and discipline. Resulting in sustainable growth over the long term. Investors can remain confident in the market while minimizing daily price volatility with DCA using spare money and considering the wider picture.

[Father111]

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.

It's not about having a good cash flow or a huge cash flow the most important thing is having a discretionary income that allows you to invest in bitcoin outside money for your basic needs. Besides aren't you aware that there are people who earn money but have no discretionary income to spare for bitcoin investment? There are persons with good cash flow or huge cash flow with lots of debts and mortgages that they end up not having discretionary income. However it's more important to direct our focus to discretionary than looking at the overall cash flow, though if a folk has good or huge cash flow with wide discretionary income it would definitely be an added advantage to his accumulation because he has the luxury to frontload his investment yet, it's not a necessity that everyone must have good cash flow before they can invest in bitcoin, even the poor has a place in bitcoin provided they have discretionary income irrespective of its size.

Having a huge cash flow or cash flow necessary if actually you want to invest in Bitcoin, it is not an obstacle for you not investing in Bitcoin, no newbies should wait until he have a huge cash flow or cash flow as you may call it before thinking of investing, and there no one preventing you from not having a huge or cash flow, what is necessary now, is how you can use that money you meant to be saving in the bank and invest in Bitcoin.

[Silikiem]

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.

Longterm approach when it comes to Bitcoin investment is actually the most reliable and profitable approach we’ve seen. Judging from backlogs of data’s when it comes to the statistics of long term investor and short term traders, you will see that longterm investors as way more profitable in a long run. We can as well check the likes of JJG and others here and how he has been able to maintain a sustainable and admirable Bitcoin investment over time.
So whenever I see people thinking short term or trading, I see it as they haven’t gotten a broader view of what Bitcoin really is and how DCAing and a slow and steady investment could be all they need.
There is an incredible quote by Andre De Shields which says: Slowly is the faster way to get to where you want to be.And I think this applies to Bitcoin investment, because most people that tried to trade and outsmart the market violating the rules of longevity, usually ends up regretting.

Indeed patience is among the most crucial attributes of Bitcoin investing. The volatility of the crypto market is typically a punishment for impulsive and hasty trading. and many people enter the market with the hope of quick profits. As time goes on. The long term investors are doing better than most traders because they do not go on with panic selling and unnecessary risks. JJG is an example of an investor who has invested with a steady approach and discipline. Resulting in sustainable growth over the long term. Investors can remain confident in the market while minimizing daily price volatility with DCA using spare money and considering the wider picture.

You made a good point but then this is a bitcoin investment thread only and not just any crypto market so we need to be careful not to describe bitcoin as a crypto because there are lots of cryptocurrencies out there that are shitcoins with no real value even in the long run. But bitcoin have proven to be a valuable asset with its ability to recover after some drop in price as a result of its volatile nature whereas there are so many shitcoins out there that are yet or couldn’t recover from a fall and have even gone missing in the long run. So in order not to mislead newbies into investing in one of those shitcoins it will be appropriate not to use the vague term crypto but to simply be specific with Bitcoin. Yes, JJG have been an inspiration to many investors here who followed his teachings.

[ZeroVinsonN]

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 one of the purposes of this forum we can exchange ideas, and that can certainly provide us with additional knowledge. Your decision to take a break makes sense and I would do the same though I would continue doing it, albeit at a reduced pace compared to usual. However, once my finances improve, I’ll resume at the usual pace or even better increase it.

Once you run out of discretionary income then you simply have to put your accumulation on hold, you are still HODLing what you have accumulated but to keep those safe you shouldn't be buying when you don't have the discretionary income to buy with, there is no reduced pace here,a reduced pace assumes that you still have the discretionary income to invest with but at a much smaller quantity, (reducing how much and how often you invest to match your discretionary income) but when there is no discretionary you can't just slow down, you pause, work on generating discretionary income again but during the period of not having any discretionary income you have to put accumulation on hold because you might end up having to sell because you invested with funds meant for something else, stop accumulating until you have the discretionary income again but keep HODLing through it all.

[CageMabok]

...

Most of the individuals go into Bitcoin thinking that is a quick profits but the longer one stay around the market the more people realize patience usually beats constant trading DCA remove so many emotions decisions that can make people lose money in the first place. Individuals who has done over this year's weren't necessarily the right trader's.

Furthermore, non-traders won't stay in the market for long if their sole purpose is to buy Bitcoin without planning to sell it. Traders are typically the ones who stay in the market for too long, while investors who simply buy Bitcoin without selling it anytime soon typically don't stay in the market for long. They (investors) also don't keep their assets in the market, preferring to move them to their personal wallets for long-term savings.

I also admire the Dollar-Cost Averaging (DCA) method for buying Bitcoin, as it's more commonly used by investors, while traders rarely use it because they tend to focus solely on small, short-term profits. So the behavior and methods used by investors and traders are clearly very different even though both are people who also visit the market every day.

[Brizi5000]

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.

do you know that it can be hard to successfully prepare your discretionary income without being able to first of all settle your basic financial needs because your discretionary income happens to be the money left with you after you finished settling those your basic financial needs so you cannot say that you have prepared the money you want to use to buy bitcoin when you’re yet to successfully settle your basic needs first because most times your this basic needs happens to increase in the process of sorting them out and if your income is not enough to settle them accordingly you will now have to go and get money you kept for bitcoin investment and that is if you’ve not already used it to accumulate bitcoin already which means that you’ll sell the bitcoin so that you could get the money to complete your basic financial needs which could be very bad for our long term accumulation goal and plan because you have miscalculated the steps by taking out money from your income for bitcoin investment without trying to settle your basic needs first and it could be problematic which is not really a good cash flow management system In bitcoin.

So there’s still the possibility that what you did in terms of this system if cash flow management will still interfere with the money for your basic needs.