JJG’s Outline of Bitcoin Investment Ideas

[Brizi5000]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

But then again, the definition of 'huge cash flow' varies from person to person. D idea is about having a good enough cash flow that after solving ur problems, can still have what u keep by d side. But I do always see savings as a mandatory thing to do with my funds. If after settling my bills, I save a particular amoun I intend to savet, if that amount is not realized, and there is no excess after saving that amount, I don't invest.

If maybe after sometimes, I feel like ok, the savings is up to a point I can afford to invest, then I'll deep my hands into it and invest, I don't call my savings a discretionary funds at all, it is completely different, it is like a must, but it is not at the top of my priorities, bills and debts are.

I feel it is really unwise to go into a long term investment being in debt or having pilled up bills, I think it is also not a good idea to me personally if I don't have any savings and I'm going into a long term investment, unless that investment will be bringing money to me ASAP. Long term investment here is an investment whose ROI will take a very long time.

well you are free to do whatever you want to do with your  money just like everyone else. but to be fair with you i think if you are truly a real long term bitcoin investor you wouldnt procrastinate  your bitcoin accumulation and hold simply because you want to save some specific substantial amount of money before you can buy bitcoin especially after you have settled all your basic financial expenses. its almost as if you are prioritizing saving a back up or reserved funds first before you can buy bitcoin and for me i think such approach is not the right mindset of a truly desirous long term investor in the sense that in bitcoin investment it is not mandatory that one must first of all have to build up a reserve or backup funds before buying bitcoin as it is advisable you can get started in accumulating bitcoin with just a discretionary income left with you especially after settling your basic needs and along the line you can be building and saving the backup or reserve funds even while youre ongoinly accumulating bitcoin and hold for your long term project. waiting to save up this other funds first will slow down your accumulation and you might even end up not being able to continue investing in bitcoin because you feel you havent saved enough money yet for your accumulation of bitcoin where as bitcoin investment all you need is just a discretionary income to get started with no matter how little or small it is. maybe you just want to buy bitcoin during the dips and thats why you are waiting to save a lot of cash before you can buy bitcoin where as you could easily use it to be buying gradually with the dca and hold. such mindset is liking to a traders mindset.

the idea is not all about having a good cash flow, the idea is not to invest with more than you can afford to lose

[Joeboy]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

The question is do you have a discretionary income available? If there is an available discretionary income to use, then having an existing debt cannot disqualify folks from kickstarting their investments if someone isn't depending on using the outcome of his investment to repay the loan.. Truth be told, most countries, business and merchants are in debt, but yet they are still making series of long term investment while still servicing their debts coz they very well understand that pausing all investment activities until every debt is cleared can mostly lead to missed and lost opportunities...

[Muba20]

having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

We cannot say for sure that continuous savings will continue to be profitable in the long term. A new Bitcoin investor should think about finding a way to start investing in Bitcoin and focus on continuously saving Bitcoin at an amount that they feel is viable for their own cash flow. And of course there are those who have very little spare funds and if they want to invest in Bitcoin for the long term they will probably need to ensure additional funds. Because if we do not take some measures or procedures that provide some protection if our income decreases or expenses increase and we want to continue investing. Then it can be quite difficult to be confident in resisting the temptation to withdraw our Bitcoin investment. We should build our Bitcoin over a period of 4-10 years or more. However  there may come a time when we may not be able to continue adding to our Bitcoin collection which we hope will continue to grow until it reaches a reasonable and large enough amount.

[Derekfunds]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

The question is do you have a discretionary income available? If there is an available discretionary income to use, then having an existing debt cannot disqualify folks from kickstarting their investments if someone isn't depending on using the outcome of his investment to repay the loan.. Truth be told, most countries, business and merchants are in debt, but yet they are still making series of long term investment while still servicing their debts coz they very well understand that pausing all investment activities until every debt is cleared can mostly lead to missed and lost opportunities...

I don't agree with you and again I don't know about others but myself I don't like borrowing or owing someone and if peradventure I'm owing someone I will first make sure I clear my debt before investing in Bitcoin because I would not like a situation where that debt will pose threat on my Investment. I don't encourage anyone to be accumulating Bitcoin while they have debt to settle because it can cause problem and it would be better to solve it before starting than start and end somewhere, that will be very annoying.

[New Judgement]

If you are repaying your debt on installment and you have a steady income, and after you pay part of the debt and take care of your weekly or monthly expenses and you still have discretionary income, it never unwise to go into a long term investment since it is not stopping you not to pay your debt gradually and take care of your expenses, you do not necessarily need to save money somewhere before going into a long term investment, the emergency funds you will set aside when you are going into a long term investment or when you are investing in Bitcoin for long term will serve as your savings, any emergency that will happen and try to force you to sell your Bitcoin when you are not yet ready to sell it, you will depend on your emergency funds to take care of the emergency and continue accumulating Bitcoin consistently.

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income,

It depends on the terms of the debts, how much you are owing as debt, and how much you earn. Let’s assume you are owing a debt that allows you to pay certain percentage weekly or monthly and you are earning just enough that gives you space to service your debt, provide your household needs and still have discretionary income left, there is nothing stopping you from investing in bitcoin. But if your earning an amount that when you finished servicing your debt and provide your household needs and you are left with no discretionary income, you can’t invest in bitcoin. Because you need discretionary income to invest in bitcoin.

[Loyang]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

If a person is able to find discretionary income after paying off the loan then he can definitely invest. We need a source of discretionary income to invest. Investing with the money you pay off your loan is not the right decision at all, you can continue to invest while paying it off. For example, let's say your monthly income is $500. You pay off $100 of your loan every month and spend $300 on personal and family expenses. The remaining $100 is your discretionary income, with this amount you can invest or create an emergency fund, there is no restriction in between.

When you have difficulty in investing or if you cannot find a source of discretionary income then you can stop investing. But if you have investable money or find discretionary income after bearing all the expenses and paying off the loan then you can continue investing

[Queen uloma]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

The question is do you have a discretionary income available? If there is an available discretionary income to use, then having an existing debt cannot disqualify folks from kickstarting their investments if someone isn't depending on using the outcome of his investment to repay the loan.. Truth be told, most countries, business and merchants are in debt, but yet they are still making series of long term investment while still servicing their debts coz they very well understand that pausing all investment activities until every debt is cleared can mostly lead to missed and lost opportunities...

I don't agree with you and again I don't know about others but myself I don't like borrowing or owing someone and if peradventure I'm owing someone I will first make sure I clear my debt before investing in Bitcoin because I would not like a situation where that debt will pose threat on my Investment. I don't encourage anyone to be accumulating Bitcoin while they have debt to settle because it can cause problem and it would be better to solve it before starting than start and end somewhere, that will be very annoying.

You’re right, owning someone is like putting yourself under pressure especially when you’re supposed to use the money for other responsibilities and you’re using it to settle someone, most times it leads to depression and frustration. Bitcoin investment is not something that will make someone to lose their  inner peace or develop unnecessary tension with people that are owning them. Market can go up and come down, so if you join debt to it the pressure will be much for you to handle. Before you go into investment you need to pay off the debt you’re owning to avoid something that will disturb your peace. Investment requires for you to be focus .

[Rockstarguy]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

It depends on the amount of debt because there are some kinds of debt one may face. It can affect your income to the point that you will be struggling to meet other financial obligations.

In a situation like this, it is best to clear the debt, especially the type that accrues interest. It is expected that anyone who now has an understanding of Bitcoin investment and understands how money should be managed must stay away from debt. Even if you manage to keep investing while in debt, it can slow your investment because you won't be free to buy more Bitcoin or be consistent. One of the things an investor needs to learn is to stay away from debt because it has no benefit; instead, it is better to look for ways to increase income, as this will be advantageous to Bitcoin investment.

[Mandoy]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

The question is do you have a discretionary income available? If there is an available discretionary income to use, then having an existing debt cannot disqualify folks from kickstarting their investments if someone isn't depending on using the outcome of his investment to repay the loan.. Truth be told, most countries, business and merchants are in debt, but yet they are still making series of long term investment while still servicing their debts coz they very well understand that pausing all investment activities until every debt is cleared can mostly lead to missed and lost opportunities...

I don't agree with you and again I don't know about others but myself I don't like borrowing or owing someone and if peradventure I'm owing someone I will first make sure I clear my debt before investing in Bitcoin because I would not like a situation where that debt will pose threat on my Investment. I don't encourage anyone to be accumulating Bitcoin while they have debt to settle because it can cause problem and it would be better to solve it before starting than start and end somewhere, that will be very annoying.

You’re right, owning someone is like putting yourself under pressure especially when you’re supposed to use the money for other responsibilities and you’re using it to settle someone, most times it leads to depression and frustration. Bitcoin investment is not something that will make someone to lose their  inner peace or develop unnecessary tension with people that are owning them. Market can go up and come down, so if you join debt to it the pressure will be much for you to handle. Before you go into investment you need to pay off the debt you’re owning to avoid something that will disturb your peace. Investment requires for you to be focus .

In my opinion, balance and financial discipline are the key to it. Debt is not always the issue; it's about the kind of debt and their ability to handle it. For anyone who is having trouble paying off loans, or debt is already causing them stress then pushing Bitcoin into them may add to that stress and emotional decision making. Furthermore, assuming that a person has steady earnings and adequate discretionary cash, small, long-term Bitcoin buys may be sensible as long as they handle their debt appropriately. If you lose your mental calm and stability by investing, then you are wrong. Bitcoin opportunities will always be back.

[laijsica]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

The question is do you have a discretionary income available? If there is an available discretionary income to use, then having an existing debt cannot disqualify folks from kickstarting their investments if someone isn't depending on using the outcome of his investment to repay the loan.. Truth be told, most countries, business and merchants are in debt, but yet they are still making series of long term investment while still servicing their debts coz they very well understand that pausing all investment activities until every debt is cleared can mostly lead to missed and lost opportunities...

I don't agree with you and again I don't know about others but myself I don't like borrowing or owing someone and if peradventure I'm owing someone I will first make sure I clear my debt before investing in Bitcoin because I would not like a situation where that debt will pose threat on my Investment. I don't encourage anyone to be accumulating Bitcoin while they have debt to settle because it can cause problem and it would be better to solve it before starting than start and end somewhere, that will be very annoying.

You’re right, owning someone is like putting yourself under pressure especially when you’re supposed to use the money for other responsibilities and you’re using it to settle someone, most times it leads to depression and frustration. Bitcoin investment is not something that will make someone to lose their  inner peace or develop unnecessary tension with people that are owning them. Market can go up and come down, so if you join debt to it the pressure will be much for you to handle. Before you go into investment you need to pay off the debt you’re owning to avoid something that will disturb your peace. Investment requires for you to be focus .

In my opinion, balance and financial discipline are the key to it. Debt is not always the issue; it's about the kind of debt and their ability to handle it. For anyone who is having trouble paying off loans, or debt is already causing them stress then pushing Bitcoin into them may add to that stress and emotional decision making. Furthermore, assuming that a person has steady earnings and adequate discretionary cash, small, long-term Bitcoin buys may be sensible as long as they handle their debt appropriately. If you lose your mental calm and stability by investing, then you are wrong. Bitcoin opportunities will always be back.

Being in debt is a major factor responsible for considerable financial imbalance for a person. Among these, the mandatory obligation to pay installments on a regular basis creates psychological/financial imbalance. Paying a large amount of interest against a loan is a major obstacle to your long term investment and increasing your financial capacity. Even with a stable income, you may be mentally devastated to pay off that loan.

Being in debt can create a more turbulent situation for an investor if he is involved in Bitcoin investment because a bad financial situation can create additional pressure to withdraw Bitcoin during an emergency. If you have enough grace period to pay off the loan, investing in Bitcoin through that fund can be very profitable for you.

[JayJuanGee]

[edited out]
 I don't call my savings a discretionary funds at all, it is completely different, it is like a must, but it is not at the top of my priorities, bills and debts are.

Savings, back up funds, emergency funds, reserve funds come from discretionary funds, and sure maybe you consider savings, up to a point, to be necessary to build or to maintain before you can invest. Those are personal choices in regards, to how much back up cash you  feel that you need before you can invest.

I feel it is really unwise to go into a long term investment being in debt or having pilled up bills,

It is true that some guys have sloppy finances, and they may even get themselves in trouble because they don't have enough of a cash cushion to make sure that they can pay all of their bills, so then they might end up having to sell some or all of their bitcoin at a time that was not of their own choosing.
 

I think it is also not a good idea to me personally if I don't have any savings and I'm going into a long term investment, unless that investment will be bringing money to me ASAP.

That sounds like a trade rather than an investment, and sure sometimes there might be short-term positions that guys might choose to take, even though we tend to think about bitcoin in terms of longer term, such as 4-10 years or longer.
 

Long term investment here is an investment whose ROI will take a very long time.

Sure, and ROI is a calculation and speculation rather than a guarantee - and we put money into bitcoin with ideas that we have good chances of being better off in the future, such as 4-10 years or longer as compared with if we had not put money into bitcoin.

[OsaiEmma]

~snip

I think you are getting this discretionary income confused and that not a smart idea. You made mention that “it unwise to go into a long term investment being in debt or having bills pilled up”.
Well let me remind about what discretionary income is all about I bet you have forgotten the real meaning of it. Discretionary income are funds that remains after sorting out our bills and necessities so investing with discretionary income shows that you have no bills untouched or no bills pilled up all have been settled.

 And also you assuming you can’t go into investing without your savings reaching some point then it just procrastination and in bitcoin investment procrastination isn’t what one showed priorities. Invest as soon as possible stop wasting time so long you have your discretionary income then start as soon as possible and no need for waiting for your savings to hit so certain figure with DCA we don’t need to wait we can start with the little we have and keep accumulating. No procrastination apply DCA and start as soon as possible mate.

Well I guess we all have varying opinions, and it's cool. What I'm tryna say is dat, investment, especially Bitcoin investment is and should be treated as a long term investment, not an investment of 2 -3 years, but a really long....time. if u start investing ASAP, and at some point, something comes up, and u don't have where to lay ur hands on to sort out the emergency, u'll want to resort to ur Bitcoin investment, that's why I will always want to have a sort of saving or emergency fund by d side. Unless maybe, someone wants to use d DCA method, where u keep accumulating with a specific % of ur income every time u receive it, den I think dat will probably solve d issue.

~snip

Bitcoin investment is different from other long-term investment especially, traditional investment because they are prone to inflation since fiat loses her purchasing power overtime. In bitcoin investment, you are preserving the value of your discretionary income overtime instead, of keeping it in the bank and allow inflation eat it up.

When you buy bitcoin regularly with DCA from your discretionary income for 4-10 years and above, you are piling up wealth for your future because what counts the most is what you can save for your old age now that you're strong and working. The best way to go into bitcoin investment is to have a long-term investment mindset because bitcoin price increases overtime and I believe in future bitcoin will generate more profit than any other investment.

You can still plam on going into long term investment if you're serious about it. All you need to do is to look for another means of income to increase your income and discretionary income so that you can easily buy regularly with consistency and persistence overtime. Of course, savings is important which is why you have to set up an emergency funds and other backup funds to bail up out when you're hit with real life emergency.

Ok, as I mentioned earlier, d DCA method is probably a solid way moving forward, but looking for other means of income is not as easy as ur saying it to be, especially in the part of d world I'm living, maybe it's easy to u, but not to some other people.

~snip

If you are repaying your debt on installment and you have a steady income, and after you pay part of the debt and take care of your weekly or monthly expenses and you still have discretionary income, it never unwise to go into a long term investment since it is not stopping you not to pay your debt gradually and take care of your expenses, you do not necessarily need to save money somewhere before going into a long term investment, the emergency funds you will set aside when you are going into a long term investment or when you are investing in Bitcoin for long term will serve as your savings, any emergency that will happen and try to force you to sell your Bitcoin when you are not yet ready to sell it, you will depend on your emergency funds to take care of the emergency and continue accumulating Bitcoin consistently.

Um, yes u do, if u just earn and plunge all into an investment, a long term investment at dat, without keeping any savings, I believe it will hurt u more on d long run, der are emergencies, some times u might want to purchase something nice, like so many things u need savings for.

But den again, we all have different opinions based on our experiences and lifestyle, u probably don't need some money saved up somewhere with easy access after sorting out ur bills and debts, but I do unfortunately.

[Umulala-alala]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

But then again, the definition of 'huge cash flow' varies from person to person. D idea is about having a good enough cash flow that after solving ur problems, can still have what u keep by d side. But I do always see savings as a mandatory thing to do with my funds. If after settling my bills, I save a particular amoun I intend to savet, if that amount is not realized, and there is no excess after saving that amount, I don't invest.

If maybe after sometimes, I feel like ok, the savings is up to a point I can afford to invest, then I'll deep my hands into it and invest, I don't call my savings a discretionary funds at all, it is completely different, it is like a must, but it is not at the top of my priorities, bills and debts are.

I feel it is really unwise to go into a long term investment being in debt or having pilled up bills, I think it is also not a good idea to me personally if I don't have any savings and I'm going into a long term investment, unless that investment will be bringing money to me ASAP. Long term investment here is an investment whose ROI will take a very long time.

If you are repaying your debt on installment and you have a steady income, and after you pay part of the debt and take care of your weekly or monthly expenses and you still have discretionary income, it never unwise to go into a long term investment since it is not stopping you not to pay your debt gradually and take care of your expenses, you do not necessarily need to save money somewhere before going into a long term investment, the emergency funds you will set aside when you are going into a long term investment or when you are investing in Bitcoin for long term will serve as your savings, any emergency that will happen and try to force you to sell your Bitcoin when you are not yet ready to sell it, you will depend on your emergency funds to take care of the emergency and continue accumulating Bitcoin consistently.

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

If you are on debt you won't have rest of mind because you are like a slave to that person you are owning so it will be good to repay back before thinking of investing in BTC so that your attention won't be divided, i also believe that such person won't have any discretionary income to invest with since he still has a lot to settle unless in a case that the person already has want to pay the debt with that even if he starts investing in bitcoin he will still repay off with out selling his bitcoin holding but if there is no way to pay back he shouldn't invest and think of a solution to repay his laon.

[Futurexxx]

If you are on debt you won't have rest of mind because you are like a slave to that person you are owning so it will be good to repay back before thinking of investing in BTC so that your attention won't be divided, i also believe that such person won't have any discretionary income to invest with since he still has a lot to settle unless in a case that the person already has want to pay the debt with that even if he starts investing in bitcoin he will still repay off with out selling his bitcoin holding but if there is no way to pay back he shouldn't invest and think of a solution to repay his laon.

When you are already in serious debt to settle, the only logical thing to do is to look for a ways to clear it up first before thinking of investing in Bitcoin, but if you have several sources of income that you are confident of repaying back the loan, you can start investing from your discretionary income because you wouldn't have troubles clearing up your debt since you don't depend on a single source of income, but if you don't have such leverage, then it's wise to clear up the huge debt at your neck first before starting your Bitcoin accumulation, in other not to have a divert attention or be distracted by it.

[JayJuanGee]

If you are on debt you won't have rest of mind because you are like a slave to that person you are owning so it will be good to repay back before thinking of investing in BTC so that your attention won't be divided, i also believe that such person won't have any discretionary income to invest with since he still has a lot to settle unless in a case that the person already has want to pay the debt with that even if he starts investing in bitcoin he will still repay off with out selling his bitcoin holding but if there is no way to pay back he shouldn't invest and think of a solution to repay his laon.

When you are already in serious debt to settle, the only logical thing to do is to look for a ways to clear it up first before thinking of investing in Bitcoin, but if you have several sources of income that you are confident of repaying back the loan, you can start investing from your discretionary income because you wouldn't have troubles clearing up your debt since you don't depend on a single source of income, but if you don't have such leverage, then it's wise to clear up the huge debt at your neck first before starting your Bitcoin accumulation, in other not to have a divert attention or be distracted by it.

Newbies to bitcoin do not have to pay off all of their debt in order to start buying bitcoin and even investing into bitcoin as long as they are able to calculate that they have discretionary funds.

Of course, the more complicated their finances, then the more organized that they may need to be in order to make sure that they are not spending beyond their discretionary funds.

[cyberninja2]

Newbies to bitcoin do not have to pay off all of their debt in order to start buying bitcoin and even investing into bitcoin as long as they are able to calculate that they have discretionary funds.
Of course, the more complicated their finances, then the more organized that they may need to be in order to make sure that they are not spending beyond their discretionary funds.

This is true as they have funds to spend. Beginners don't need to pay off all the debt they've borrowed from others. They only need to calculate their current debts. They say this because they're essentially brave as they might have additional funds so it won't be a burden for them.
When facing financial difficulties everyone will naturally try to be more frugal with their expenses. This aims to stabilize expenses with income. It can be said that a balance between the two must be maintained. If this isn't possible someone who is greedy in spending will certainly make life more difficult as needs are sometimes difficult to obtain so adjusting income and expenses is necessary.

[liasbaa]

If you are on debt you won't have rest of mind because you are like a slave to that person you are owning so it will be good to repay back before thinking of investing in BTC so that your attention won't be divided, i also believe that such person won't have any discretionary income to invest with since he still has a lot to settle unless in a case that the person already has want to pay the debt with that even if he starts investing in bitcoin he will still repay off with out selling his bitcoin holding but if there is no way to pay back he shouldn't invest and think of a solution to repay his laon.

When you are already in serious debt to settle, the only logical thing to do is to look for a ways to clear it up first before thinking of investing in Bitcoin, but if you have several sources of income that you are confident of repaying back the loan, you can start investing from your discretionary income because you wouldn't have troubles clearing up your debt since you don't depend on a single source of income, but if you don't have such leverage, then it's wise to clear up the huge debt at your neck first before starting your Bitcoin accumulation, in other not to have a divert attention or be distracted by it.

If it takes many years to pay off the debt then it is not worth stop accumulation Bitcoin. If you have discretionary income, combine partial debt payments every week or every month with household expenses, and accumulate Bitcoin, even if it is small. No matter how much debt you have, if you have a stable source of income and discretionary income, you can continue to move forward with long term Bitcoin accumulation.
Having multiple sources of income puts you ahead of the curve. Debt is a liability and you have to pay it off. Many people who are aware of the dangers of debt do not like it because the pressure to pay increases over time and makes you poorer. Large amounts of debt are a big obstacle to long term investment.

[Grease5000]

having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

We cannot say for sure that continuous savings will continue to be profitable in the long term. A new Bitcoin investor should think about finding a way to start investing in Bitcoin and focus on continuously saving Bitcoin at an amount that they feel is viable for their own cash flow. And of course there are those who have very little spare funds and if they want to invest in Bitcoin for the long term they will probably need to ensure additional funds. Because if we do not take some measures or procedures that provide some protection if our income decreases or expenses increase and we want to continue investing. Then it can be quite difficult to be confident in resisting the temptation to withdraw our Bitcoin investment. We should build our Bitcoin over a period of 4-10 years or more. However  there may come a time when we may not be able to continue adding to our Bitcoin collection which we hope will continue to grow until it reaches a reasonable and large enough amount.

You do not need a lot of money to start investing in Bitcoin. Having a huge cash flow is not a requirement. What really matters is having some extra money you can use to buy Bitcoin regularly. You  you start, even with a small amount, you give yourself a chance to be consistent. And being consistent is very important. You can buy little by little over time that is still a smart and good way to invest.

If your cash flow increases later that is great. It means you can buy more Bitcoin. But you do not have to wait until you earn more money before you begin.  Even beginners with small incomes can start. The key is using your extra money wisely and staying consistent instead of doing nothing and waiting.

[Muba20]

If you are on debt you won't have rest of mind because you are like a slave to that person you are owning so it will be good to repay back before thinking of investing in BTC so that your attention won't be divided, i also believe that such person won't have any discretionary income to invest with since he still has a lot to settle unless in a case that the person already has want to pay the debt with that even if he starts investing in bitcoin he will still repay off with out selling his bitcoin holding but if there is no way to pay back he shouldn't invest and think of a solution to repay his laon.

When you are already in serious debt to settle, the only logical thing to do is to look for a ways to clear it up first before thinking of investing in Bitcoin, but if you have several sources of income that you are confident of repaying back the loan, you can start investing from your discretionary income because you wouldn't have troubles clearing up your debt since you don't depend on a single source of income, but if you don't have such leverage, then it's wise to clear up the huge debt at your neck first before starting your Bitcoin accumulation, in other not to have a divert attention or be distracted by it.

Newbies to bitcoin do not have to pay off all of their debt in order to start buying bitcoin and even investing into bitcoin as long as they are able to calculate that they have discretionary funds.

Of course, the more complicated their finances, then the more organized that they may need to be in order to make sure that they are not spending beyond their discretionary funds.

If an investor tries to invest after completing the loan, then that investment may not be possible him, and time waits for no one. If an investor takes more than a few years to repay his loan, then the price of Bitcoin may increase significantly from its current level during this period. In the future, he may lose interest in investing with a small amount. But if an investor starts investing in Bitcoin without fully repaying the loan, then at the same time his investment will start, on the other hand, he can also use a part of his discretionary income to repay the loan. As a result, if he is new, he will get a good idea about Bitcoin investment and at the same time he will get long-term exposure. The investor must remember that not all investments are risky. Especially if the investor does it from discretionary income for long-term investment, then on the one hand he will start investing and on the other hand, if there is any loan, he will be able to repay it slowly. As a result, the investor will also create an investment friendly attitude.

[Livingleged]

You're right Jay, El Salvador for instance is in debt of billions in US dollar but they still own a strategic reserver and one of the first countries that adopted the use of Bitcoin so noting stops individuals who are in debt from owning or accumulating Bitcoin, people should learn how to manage their income in a way that they'll comfortably handle their expenses, invest and gradually settle their debts.

Doesn’t really sound proper to me to go into investing  most especially bitcoin while you have huge debt on your neck. And you cannot compare debt of a nation to that of individual, the pressures are different. No body disturbs the country for not paying debt as bank or any lenders out there will frustrate you and impose high interest on you if you don’t meet up with the agreement time. The best thing to do which I think is the ideal thing to do is to concentrate on settling the debt and wait patiently until you’re debt free. Then you can start accumulating. I think with this you will not panic even if the market isn’t going in the position direction because you know you are a free man and there is no pressure on you. There will always be opportunities to invest in bitcoin regardless.