JJG’s Outline of Bitcoin Investment Ideas

[Futurexxx]

, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

Even though you have a larger source of income as you are proclaiming, it doesn't guarantees that you can invest in Bitcoin and be successful at it because having a large source of income doesn't guarantees that a Bitcoin investor can be able to figure out his or her discretionary income, since the key to every successful Bitcoin investor is to figure out their discretionary income.

Having a large source of income is good quite alright, but it's not the most important thing that is need to invest in Bitcoin consistently. What you need in other to invest in Bitcoin consistently is a discretionary income, it doesn't matter how much you earn, as long as you can figure out your discretionary income, then you can invest in Bitcoin and be successful.

[Ishicryptic]

This is something that many people often don't understand because they only think of Bitcoin security as the basic knowledge they learned before they started. However as you stated it's true that someone will be more secure when they have discretionary income. Having discretionary income certainly makes them more organized in managing their Bitcoin security. If someone doesn't have a healthy cash flow no matter how they try to secure Bitcoin they still won't be able to do so because they lack discretionary income. Everyone knows that the best way to secure Bitcoin is simply by having discretionary income and common sense. Learning to manage personal cash inflow is crucial for someone with discretionary income and common sense.

This is true for almost everything, because anyone who wants to maintain something well after owning it naturally has to put in more effort to achieve that. For example, someone who already has a company or business that consistently generates income every month will naturally strive to keep that business running smoothly so that it continues to generate income. Likewise with Bitcoin, everyone who has bought and holds it must be able to take good care of it and over time must also be able to buy more so that the number of Bitcoins they own can continue to increase, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

Bitcoin knowledge about the market, network and financial management are all necessary for a newbie, but they don't have to know everything about Bitcoin knowledge and have a huge reserve of discretionary funds before they can start. They can actually start with what they can afford and learn then gradually be increasing in knowledge and finance, if you're waiting to be very well equiped in knowledge and finance you will likely not start when you should. If you know how to download a wallet, how to buy and discretionary funds to pay for Bitcoin then you ready to start as an investor.

[Tongley]

, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

Having a large income source does not mean that you will not be hindered from investing. There are many guys whose income source is very high but they fail to manage their finances properly, so having a large income source does not mean that you will not be hindered from investing. There are many guys whose income source is very low or limited but even then they are finding discretionary income through proper financial management and continuing to invest consistently. However, those whose income is low or limited need to find a source of income, either better or reduce their expenses. If I am unable to explain it correctly, I think this comment by @JayJuanGee sir will be useful.

I am not sure if we agree, even though surely it seems to me that there is value in putting good practices into place, even if a guy might not be working with a lot of money, so then if the discretionary income ever is able to increase, then already good practices are in place.  There is value in reinforcing good practices, even though sometimes it can be quite difficult when there are both temptations and even perceived needs to spend money, but if the budget is tight, there might be some needs to figure out the extent to which the thing for purchase is a need or a want, and if the thing for purchase can be deferred or even avoided by some substitute that might not cost any money or perhaps cost less money.  These can be tough decisions when there is very little money available, and surely some guys might be really challenged in terms of figuring out ways to increase their income (especially when they are just a kid so that they might be able to bring better habits as they grow older), and maybe even guys who had developed bad habits when they were younger, they have to figure out how to both develop better habits, but also to put some of those better habits into practice, and if they are still young and they are working in jobs that never seem to pay very much money, they might have to try to figure out ways if they might be able to improve their exposure to better paying jobs, whether that is learning new skills or maybe learning how to meet people who might be able to offer them better jobs so that they can work their way into situations in which their discretionary income is able to go up...but in the meantime, if they have relatively low discretionary income, they need to work with what they have which sometimes may or may not be enough to buy bitcoin, even trying to get up to something like $10 a week of discfretionary income might be quite difficult for some guys.

Even though you have a larger source of income as you are proclaiming, it doesn't guarantees that you can invest in Bitcoin and be successful at it because having a large source of income doesn't guarantees that a Bitcoin investor can be able to figure out his or her discretionary income, since the key to every successful Bitcoin investor is to figure out their discretionary income.

Having a large source of income is good quite alright, but it's not the most important thing that is need to invest in Bitcoin consistently. What you need in other to invest in Bitcoin consistently is a discretionary income, it doesn't matter how much you earn, as long as you can figure out your discretionary income, then you can invest in Bitcoin and be successful.

You may have misunderstood, CageMabok said that if you have a large income source, you will not be hindered from investing, but you understand that if you have a large income source, you can be successful by investing. Profit in Bitcoin investment is not guaranteed and even if a person adopts the highest method of investment, the profit is not guaranteed.

[Comeacross]

I think that it can be misleading to suggest that emergency funds are not important at all, since there is ongoing importance to emphasize that a person needs to be investing within his discretionary funds, so then the lower the amount of back up funds that he has at the time that he starts investing into bitcoin, then the more risk he is running to invest into bitcoin beyond his discretionary funds.

Sure, there is no problem starting to buy bitcoin from whatever situation a person happens to be, yet from my perspective it is overly risky if the amount of back up funds are zero, so there has to be some acceptable level of back up funds, even if it might mean that half of the amount that is going into bitcoin (in the first few bitcoin buys) are also going towards the building up of back up funds, so at least there is a conscious effort to make sure that the back up funds are not so low that they do not protect the newbie bitcoin investor from any upcoming decreases in his income and/or increases in his expenses.

I'm sorry for jumping into discussion midway. Saying emergency funds don't matter is not just misleading, it's a reckless idea as far as bitcoin is concerned. In fact, the smaller your back up funds when you start your investment, the higher the risk you dip into BTC during a personal cash need. This is the reason why most newbies get wrecked in the process because they'll be forced to sell irrespective of market condition. It doesn't matter whether it's +50% or -60% that time. This only kills long term ambition day by day.

We all agree that Bitcoin is a volatile asset. You should only invest what you can afford to lose and lock up for as long as possible. This is where discretionary funds comes in and if your back up is low or zero, then I'm sorry to say none of your money is truly discretionary yet.

There's no unanimously agreed back up fund level as it varies and depends on individual financial class. If you can cover most of your expenses and emergencies for at least 4 weeks and beyond without touching your bitcoin, then you're good to start gradually.

[GhostOfBitcoin]

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yet there are also so many folks who likely would be advantaged towards realizing that they are likely going to be accumulating bitcoin for more than 10 years, and when they are in their first 4-6 years of accumulating, they are likely better off to just ongoingly buy without holding back very much, except maybe just for logistical reasons involving their own comfort in any of their own ongoing cashflow management cushions.

I completely agree with you that the smartest thing to do is to accumulate Bitcoin without hesitation for the first 4-6 years. If you have a long-term (10+ year) goal, short-term price fluctuations really become secondary.

One thing I would like to add is that for new investors, in addition to keeping the logistics of cash flow in place, it is also important to keep the 'Opportunity Cost' in mind. According to data, the Bitcoin market is much more dynamic in the years immediately following the Bitcoin 'Halving Cycle' (i.e. around 2025-2026). Leaving cash idle during this time can lead to missing out on the benefits of a bull market.

So in my opinion, those in the first 4-6 years can immediately allocate a large portion of the additional funds (like 50%-60%) like bonuses along with the ongoing DCA at the beginning of the cycle and keep the rest as emergency liquidity. This will not only provide logistical convenience but also prevent cash depreciation.

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There's no unanimously agreed back up fund level as it varies and depends on individual financial class. If you can cover most of your expenses and emergencies for at least 4 weeks and beyond without touching your bitcoin, then you're good to start gradually.

Ignoring an emergency fund is not misleading but it is also like financial suicide. The key to investing in a volatile asset like Bitcoin is surviving for a long time. Without a fund people are likely to panic or be forced to sell assets at a loss during market downturns. This ruins the potential for long-term gains from Bitcoin.

• Building a 4-week emergency fund and starting to invest protects the portfolio from sudden market fluctuations, such as a 20-30% drop in a single day.
• It gives the investor peace of mind. This reduces the tendency to make wrong decisions.

However real-world experience suggests that 4 weeks of funds are not enough for a high-risk asset like Bitcoin. If you enter bitcoin with at least 3 to 6 months of living expenses saved up you may have to sell bitcoin at a loss in the event of a major personal emergency, such, as job loss or medical expenses.

Therefore it would be wise to create at a 3-month backup fund without touching Bitcoin. This way you can invest in Bitcoin with a safety net.

[Showlove01]

, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

Even though you have a larger source of income as you are proclaiming, it doesn't guarantees that you can invest in Bitcoin and be successful at it because having a large source of income doesn't guarantees that a Bitcoin investor can be able to figure out his or her discretionary income, since the key to every successful Bitcoin investor is to figure out their discretionary income.

Having a large source of income is good quite alright, but it's not the most important thing that is need to invest in Bitcoin consistently. What you need in other to invest in Bitcoin consistently is a discretionary income, it doesn't matter how much you earn, as long as you can figure out your discretionary income, then you can invest in Bitcoin and be successful.

I agree with you to some point, how huge our discretionary income is doesn't make it certain that we would be great in Bitcoin investment but rather it is how an investor is able to utilize or make good use of what he or she has as discretionary income. There are many Key thing in Bitcoin investment so saying discretionary income is the key is not true or correct because you can have the discretionary income and yet you won't be consistent and patient to hold for the long term so there are key things to note or have as an investor in order to be successful.

[Hardyrobust]

This is something that many people often don't understand because they only think of Bitcoin security as the basic knowledge they learned before they started. However as you stated it's true that someone will be more secure when they have discretionary income. Having discretionary income certainly makes them more organized in managing their Bitcoin security. If someone doesn't have a healthy cash flow no matter how they try to secure Bitcoin they still won't be able to do so because they lack discretionary income. Everyone knows that the best way to secure Bitcoin is simply by having discretionary income and common sense. Learning to manage personal cash inflow is crucial for someone with discretionary income and common sense.

This is true for almost everything, because anyone who wants to maintain something well after owning it naturally has to put in more effort to achieve that. For example, someone who already has a company or business that consistently generates income every month will naturally strive to keep that business running smoothly so that it continues to generate income. Likewise with Bitcoin, everyone who has bought and holds it must be able to take good care of it and over time must also be able to buy more so that the number of Bitcoins they own can continue to increase, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

Bitcoin knowledge about the market, network and financial management are all necessary for a newbie, but they don't have to know everything about Bitcoin knowledge and have a huge reserve of discretionary funds before they can start. They can actually start with what they can afford and learn then gradually be increasing in knowledge and finance, if you're waiting to be very well equiped in knowledge and finance you will likely not start when you should. If you know how to download a wallet, how to buy and discretionary funds to pay for Bitcoin then you ready to start as an investor.

As far as getting started is concerned, all a newbie needs is to figure out if there is discretionary income that is available for them to invest with. Once they have been able to figure out there discretionary income then they start accumulating bitcoin. So with common sense a newbie can be able to figure out if they have discretionary income to invest with and not necessarily a basic knowledge as you have pointed out.

[Rockson1]

Even though you have a larger source of income as you are proclaiming, it doesn't guarantees that you can invest in Bitcoin and be successful at it because having a large source of income doesn't guarantees that a Bitcoin investor can be able to figure out his or her discretionary income, since the key to every successful Bitcoin investor is to figure out their discretionary income.

Having a large source of income is good quite alright, but it's not the most important thing that is need to invest in Bitcoin consistently. What you need in other to invest in Bitcoin consistently is a discretionary income, it doesn't matter how much you earn, as long as you can figure out your discretionary income, then you can invest in Bitcoin and be successful.

I think some people are getting Bitcoin investment wrong, why do some people feel that having a large source of income guarantees anything, we have been shouting here that all we need to invest in Bitcoin is our discreationary income, the emphasis being laid on this large source of income by some people is becoming so alarming, it as if that is what they think that is needed to start Bitcoin, I will maintain what i keep saying, large source of income is good no doubt but making it look like it is what we need to start Bitcoin investment is or sustain our Bitcoin without knowing the proper procedure is what I do not buy.

This is where many intending investors or newbies are getting it wrong, I will continue to say it as it is whenever I come across such misconception by anyone,.

[ruykeri]

I agree with this point. And I will just conclude it this way, Starting small beats waiting for the right or perfect time . Consistency only begins after someone start the first step, because nobody can actually build a  habit from a sidelines, bitcoin investment is not just mathematical, rather its also a behavioral, once peole start buying bitcoin, even with a very low or small amount, everything becomes more real to them easily, because they will begin to monitore transactions, check prices movements and experience both pump and dump with actuall skin in the game, so that processes create a feedback loop that gradually builds discipline,patience and long-term habit of investing. for example You cannot get fit by only planning to start a gym next month. You become fit by showing up once and then repeating it consistently and continously, but some folks see the first step as hardest. Furthermore, financial progress start with action, not with huge capital. Small and steady bitcoin buying over time can turn into  a meaningful progress because of the consistency and time, not necessarily because of the size of the money you invested at the beginning.

Going to the gym and investing in Bitcoin are not the same thing. If you go to the gym and follow a step-by-step trainer regularly and follow a proper diet plan, you will feel the improvement in your body. The more regular you are, the better results you will get. Your hard work will help you build a good body or stay fit. But the matter of Bitcoin is different. Here, even if you invest regularly, follow the fund management properly, build a backup fund to strengthen your Bitcoin holding, there is no guarantee that the price of Bitcoin will increase. With your correct and consistent investment management, there is no possibility of the price of Bitcoin increasing or decreasing. There is no guarantee that the value of your holding will increase or decrease. However, after a long time, there is a possibility of getting good profits in Bitcoin. In fact, you cannot understand the example of investing in Bitcoin by comparing it with any other investment or any other real-life event, and you cannot even explain it to anyone else. However, I think the best way for everyone to do DCA with a long-term mind set is to invest in Bitcoin and not face any financial problems or major losses.

[Princess Leah]

~

I think some people are getting Bitcoin investment wrong, why do some people feel that having a large source of income guarantees anything, we have been shouting here that all we need to invest in Bitcoin is our discreationary income, the emphasis being laid on this large source of income by some people is becoming so alarming, it as if that is what they think that is needed to start Bitcoin, I will maintain what i keep saying, large source of income is good no doubt but making it look like it is what we need to start Bitcoin investment is or sustain our Bitcoin without knowing the proper procedure is what I do not buy.

This is where many intending investors or newbies are getting it wrong, I will continue to say it as it is whenever I come across such misconception by anyone,.

It doesn't even matter the amount one has as discretionary funds, every investor cannot be on the same level financially that's why we all gave to invest according to our income and what we have as discretionary income, if Bitcoin investment was meant for those with large amount of discretionary then many people would've been left out but then investing in Bitcoin is for everyone whether small or large scale investors.

 As for large amount of discretionary funds guaranteeing profits or success, people with such mentality are getting it all wrong, even if someone invest with the highest amount no one haa ever used for investing in Bitcoin at ones, it doesn't guarantee that it would be profitable, people forget that the future is unpredictable likewise Bitcoin cause it's a volatile asset, it's our believe and hope that Bitcoin would continue being valuable that gives us confidence to continue investing and holding.

[Finebone]

.

Saying emergency funds don't matter is not just misleading, it's a reckless idea as far as bitcoin is concerned. In fact, the smaller your back up funds when you start your investment, the higher the risk you dip into BTC during a personal cash need.

Emergency funds is very important if you are a bitcoin investor, because once emergency situation comes up, that is when emergency funds comes to the rescue, so investment without having it in place is like seating on a time bomb that will soon explode, if you are not a rich guy that has assets, friends or rich uncles that can bail you out during emergencies.

. If you can cover most of your expenses and emergencies for at least 4 weeks and beyond without touching your bitcoin, then you're good to start gradually.

You equally don't need to put that in place before starting you bitcoin accumulation, because it would be time wasting. All you just need to start is a discretionary income and a common sense before starting, then you can seek further knowledge on Bitcoin later on, on what is needed to hold strong, by putting down your emergency and reserve funds alongside your investment, because it's the idea way to go about your Bitcoin investment, not by what you are saying up here.

[Baki202]

As far as getting started is concerned, all a newbie needs is to figure out if there is discretionary income that is available for them to invest with. Once they have been able to figure out there discretionary income then they start accumulating bitcoin. So with common sense a newbie can be able to figure out if they have discretionary income to invest with and not necessarily a basic knowledge as you have pointed out.

When how to make use of your income is figured out, then you will know how to manage your funds in such a way that you won't have a problem knowing the amount to allocate to the investment, all this needs to be figured out, but for anyone who wants to make use of the DCA, they should know that they need to follow the steps. Just that one of the most important things before anything else is the income, followed by knowledge if the person is a newbie, and I don't see how you want to invest without having the basic knowledge. We know money is also important, but you have to start with the basics. When the plan for income allocation is already in place, then that way, even the investor will enjoy using DCA.

[cxtreenal]

Even though you have a larger source of income as you are proclaiming, it doesn't guarantees that you can invest in Bitcoin and be successful at it because having a large source of income doesn't guarantees that a Bitcoin investor can be able to figure out his or her discretionary income, since the key to every successful Bitcoin investor is to figure out their discretionary income.

Having a large source of income is good quite alright, but it's not the most important thing that is need to invest in Bitcoin consistently. What you need in other to invest in Bitcoin consistently is a discretionary income, it doesn't matter how much you earn, as long as you can figure out your discretionary income, then you can invest in Bitcoin and be successful.

I think some people are getting Bitcoin investment wrong, why do some people feel that having a large source of income guarantees anything, we have been shouting here that all we need to invest in Bitcoin is our discreationary income, the emphasis being laid on this large source of income by some people is becoming so alarming, it as if that is what they think that is needed to start Bitcoin, I will maintain what i keep saying, large source of income is good no doubt but making it look like it is what we need to start Bitcoin investment is or sustain our Bitcoin without knowing the proper procedure is what I do not buy.

This is where many intending investors or newbies are getting it wrong, I will continue to say it as it is whenever I come across such misconception by anyone,.

You are right. An investor's Bitcoin holdings will not be large based on their income. Even though poor investors may consider their Bitcoin savings to be very small, they have a long term investment mindset. They prepare for possible future financial well-being by accumulating Bitcoin as their income increases and are more consistent than many wealthy investors.
A large source of income puts investors in a better position if they are committed to investing in Bitcoin on a regular basis. I think having a large income means you are ahead overall, but it is important to invest in Bitcoin on a regular basis to get to a decent level of Bitcoin investment. The idea that having a large income means you will buy more Bitcoin will vary from person to person. You need to have discretionary income to start with Bitcoin, or if you have discretionary funds, that is sufficient.

[Livingleged]

When how to make use of your income is figured out, then you will know how to manage your funds in such a way that you won't have a problem knowing the amount to allocate to the investment, all this needs to be figured out, but for anyone who wants to make use of the DCA, they should know that they need to follow the steps. Just that one of the most important things before anything else is the income, followed by knowledge if the person is a newbie, and I don't see how you want to invest without having the basic knowledge. We know money is also important, but you have to start with the basics. When the plan for income allocation is already in place, then that way, even the investor will enjoy using DCA.

Accumulation of bitcoin is not that deep. It has been discussed here and not like a rocket science or some calculus problems. it’s just for you to have a regular cash flow, identify your Discretionary income, have your emergency  funds  set aside and start your accumulation with  either  the DCA strategy  or the lump sum  it all depends  on your  financial state.
I don't know what basic knowledge  one need to know before investing, Bitcoin investment is one of this easy  going investment out there so long as you're doing it the right way.
 

[Yeesha]

It may well be the case that we are saying similar things, yet it seems to me that when we get into the practice of describing some specific kinds of knowledge, then it starts to seem that there might be some kind of a suggestion that the specific knowledge is part of common sense when it may well merely be the case that if a person happens to have a specific kind of knowledge, then the common sense may well suggest that he would treat that information within a range of ways, and if the person did not have that specific kind of knowledge then he would end up having to take that lack of knowledge into account when he is trying to figure out how to proceed.

For example, if a buy preliminarily recognizes that his most likely starting sources for buying bitcoin might be one or two different exchanges that he had identified, then common sense might suggest that he looks into each of those exchanges to see what kinds of requirements that they might have for putting value on them, such as if he might have to link a bank account.  If he had never linked a bank account before, then his lack of experience might cause him to hesitate, and he is using his own common sense to determine the level of comfort that he has with the process of sourcing his first coins.

Common sense does not necessarily tell a guy how to proceed, even if he might already accept the idea that he needs to get started buying bitcoin right away, he still might not want to go beyond his comfort level, and he might end up getting stalled based on his own comfort and/or how much time that he has to look into the matter based on other things going on in his life.

Even if newbies might understand that there is a need to get started sooner rather than later, they still might need time to figure out some of the logistics of how to get started exactly within their own comforts and time availability.

Knowledge is going to be of no use if an individual failed to put it into practice, and being practical is also not the main issue, you also have to apply your sense of reasoning in order to make your knowledge more productive and fruitful. As an investor, someone don't have to teach you everything, besides it impossible to learn every single thing concerning investment from just one person. You have to research, and learn more in order to develop the hormone of sensitivity and have the ability to solve whatsoever problems you come across in the future. One thing about investment is that, sometimes you might find yourself in a situation which no one has ever dicuss it with you before, and the only thing that can help you is your sense, you have to apply your knowledge, skills, and personal experience.

[Joeboy]

Knowledge is going to be of no use if an individual failed to put it into practice, and being practical is also not the main issue, you also have to apply your sense of reasoning in order to make your knowledge more productive and fruitful. As an investor, someone don't have to teach you everything, besides it impossible to learn every single thing concerning investment from just one person. You have to research, and learn more in order to develop the hormone of sensitivity and have the ability to solve whatsoever problems you come across in the future. One thing about investment is that, sometimes you might find yourself in a situation which no one has ever dicuss it with you before, and the only thing that can help you is your sense, you have to apply your knowledge, skills, and personal experience.

That is why involvement is far more better than self exclusive... And this self exclusive is mostly done by folks, all in the name of gathering some therorectical knowledge.. Truth be told no one can fully or effectively teach or transfer onto another the experience and knowledge about Bitcoin investment... Bitcoin Investment is instead learnt more and so it becomes more clearer through an actual involvement...It is through involvement overtime that folks get to understand things like volatility, Bitcoin cycles, as well as patience which is very well required for long-term holding...

[Alonso_]

Profits are not guaranteed in bitcoin, even if we might follow the best of practices.  You might want to learn to talk about your bitcoin investment in ways that are not seeming to proclaim that profits are guaranteed, since that might cause you to invest in ways that are not sufficiently realistic and/or to cause you to mislead others in terms of how they are thinking about bitcoin investing and/or managing their cashflows.

You’re very correct, profits aren’t guaranteed when investing and accumulating bitcoin, I think one of the important thing in terms of investing in bitcoin is just focusing on that long term investment and accumulating bitcoin on a regular and consistent basis, most people would talk about patience while investing in bitcoin and they will think that it gives an opportunity of having profits, talking about profits while still on accumulation stages might make newbies feel that profits is obviously guaranteed, it could likewise mislead newbies on thinking that profits is guaranteed instead of newbies learning more about bitcoin and accumulating more, and learning how to stay focused on a consistent level of stacking bitcoin.

[Silikiem]

If you can cover most of your expenses and emergencies for at least 4 weeks and beyond without touching your bitcoin, then you're good to start gradually.

This statement can be misleading to newbies since it goes contrary to what has been stated here and every other thread as to what is required to start bitcoin investment. I know @ sir Jay juan Gee have always stated that for a startup, an intending investor only needs to figure out a discretionary income to use and get started in buying and investing in bitcoin, which means once an individual who’s desirous to invest in bitcoin is able to figure out a discretionary income then the person is good to go in getting started in bitcoin investment and not really wanting to first build an emergency funds before he’s good to go. I’m not saying that the emergency funds is not important In our bitcoin investment, but all I’m saying is that one must not wait to build an emergency funds first before he can get started as he can start accumulating bitcoin and hold once his discretionary income is ready, he shouldn’t delay getting started trying to build the emergency funds as he can build the emergency funds along side while buying bitcoin and hold by using a part of his discretionary income for accumulating bitcoin and other part to building the emergency funds gradually.

[Charcol]

As far as getting started is concerned, all a newbie needs is to figure out if there is discretionary income that is available for them to invest with. Once they have been able to figure out there discretionary income then they start accumulating bitcoin. So with common sense a newbie can be able to figure out if they have discretionary income to invest with and not necessarily a basic knowledge as you have pointed out.

When how to make use of your income is figured out, then you will know how to manage your funds in such a way that you won't have a problem knowing the amount to allocate to the investment, all this needs to be figured out, but for anyone who wants to make use of the DCA, they should know that they need to follow the steps. Just that one of the most important things before anything else is the income, followed by knowledge if the person is a newbie, and I don't see how you want to invest without having the basic knowledge. We know money is also important, but you have to start with the basics. When the plan for income allocation is already in place, then that way, even the investor will enjoy using DCA.

You say "basic knowledge" as if acquiring knowledge is the main condition for beginners. I want to inform you that there is no obligation for beginners to learn everything first. If someone can understand their own expenses, risks and capabilities and set aside discretionary income, then they can start with a small amount. In such a situation, the so-called basic knowledge should not be a barrier to starting their investment. Because learning is an ongoing process, where they will continue to invest and learn unknown things about Bitcoin.

[Supreme Donvic]

As far as getting started is concerned, all a newbie needs is to figure out if there is discretionary income that is available for them to invest with. Once they have been able to figure out there discretionary income then they start accumulating bitcoin. So with common sense a newbie can be able to figure out if they have discretionary income to invest with and not necessarily a basic knowledge as you have pointed out.

When how to make use of your income is figured out, then you will know how to manage your funds in such a way that you won't have a problem knowing the amount to allocate to the investment, all this needs to be figured out, but for anyone who wants to make use of the DCA, they should know that they need to follow the steps. Just that one of the most important things before anything else is the income, followed by knowledge if the person is a newbie, and I don't see how you want to invest without having the basic knowledge. We know money is also important, but you have to start with the basics. When the plan for income allocation is already in place, then that way, even the investor will enjoy using DCA.

You say "basic knowledge" as if acquiring knowledge is the main condition for beginners. I want to inform you that there is no obligation for beginners to learn everything first. If someone can understand their own expenses, risks and capabilities and set aside discretionary income, then they can start with a small amount. In such a situation, the so-called basic knowledge should not be a barrier to starting their investment. Because learning is an ongoing process, where they will continue to invest and learn unknown things about Bitcoin.

I think the basic knowledge he's talking about is to know how to accumulate Bitcoin not everyone knows that so it is very important for people who wants to go into bitcoin investment to know how to accumulate Bitcoin and the right place to accumulate it, do you know we have some people who are accumulating their bitcoin and holding it on an exchange which is very bad so the basic knowledge we teach you or will tell you how to accumulate and were to hold your Bitcoin which is wallet.
You cannot take away the importance of having a basic knowledge before you start bitcoin investment it is very important for all beginners and so everyone who wants to start should at least have the basic knowledge about bitcoin investment.
And this are the reasons.
1. So you will know how to accumulate Bitcoin
2. Were to accumulate and hold it.
3. The fund's to be used.