JJG’s Outline of Bitcoin Investment Ideas

[Different patterns]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

I agree with you that everyone has different level of knowledge, and different ways of accumulate bitcoin. because what really works for Mr A not necessarily mean it must work for Mr B. Everybody should fine the approach that will favor them or fit their financial situation that can make it easy to consistent with their plan. sometimes people overlook the fact that investment in bitcoin can also teach us how we can handle our finances properly, not only to teach you how to accumulate bitcoin alone, when you pay much attention to what you earn and what you spend and then set aside what you can able to comfortably with.

one thing I also notice which is very important, having a plan is good, because that can helps investor to manage is finances and also stay organized,having a plan no mean you can change your plan, when your income change, plan can also change to something that match your new financial situation. I what I think is must important is to start where you find yourself and gradually improve.

[Perfect-World]

I think everyone will understand what it means to buy Bitcoin by forcing yourself, because that doesn't mean it's impossible. However, it's more of an unhealthy mindset because the purchases don't align with their income. Ultimately, they also suffer the risks of following their desires without considering their weekly or monthly income.

Anyone who purchases Bitcoin must adjust their resources accordingly. For example, if they earn $50 a week, they should first consider the need to survive with their family. Once their needs are met, they have no problem making purchases with whatever discretionary funds they have, with the primary goal remaining. Bitcoin purchases should also be made because even small amounts, if done consistently, will eventually become substantial savings. Clearly, we should carry out every activity based on our financial capabilities.

The main issue for an investor is whether he can buy sustainably. This is very important for long-term investment, because it is easy to do aggressive buying for a few weeks, but it is a different matter to maintain accumulation for 4-10 years or more. And if someone forcibly starts DCA with a fund of an amount that is beyond his financial capacity, then it is a very risky matter. Doing so may seem a little more serious to him at first than other investors, but he should also consider how long he can continue investing in a sustainable way. It is better to invest with a reasonable amount from his discretionary income.

Sustainability in our Bitcoin investment is very important, but it shouldn't be done with pressure. Our discretionary income is not just meant for our investments alone, it also goes for other things such as back up funds and discretionary consumption. So while we outline our weekly or monthly buys, we must put this into considerations so that we don't put more into buying while the other sides suffer.

Sure, investors can front load there investment and sometimes become aggressive, but it shouldn't be at the expense of been overly aggressive and affecting your other discretionary financial needs which may be back up funds or discretionary consumption. Investing with a reasonable amount from our discretionary should be when we have an increased discretionary and we can put some more into Bitcoin.

[B2Z]

Learning withdrawal and at the same time learning Bitcoin investment process are literally nice idea to a very reasonable extent. Just the postulation of JJG's on outline of Bitcoin Investment Idea, is an educative idea to work with especially on Bitcoin investment. And investment needs quiet time and best commitment to have the needed knowledge to help escape losing capital investment rather than optimizing in profit making. So, I see that the best option should be learning the withdrawal methods before going into investment to gain at least the necessary basic knowledge of do and not in Bitcoin trading system. And if learning and investment basic knowledge are being split into categories the knowledge will appreciate and carry both task at the same time.

There is nothing wrong in learning how to withdraw our bitcoin and as a matter of fact that should be among the basic knowledge that one ought to know before going into bitcoin investment.

I think that when an investor starts investing in a new situation, he does not need to learn much about investment, but if he only has an idea about discretionary income, then he can start his investment with a specific plan. I always ask those who often say that one should get involved in investment after getting a complete idea about investment, what do they actually mean by a complete idea about investment, what do they actually say they need to get a complete idea about. I have a good source of income, if I meet all my needs from that source of income and see discretionary income and if I start investing with a part of that discretionary income, then what is there to learn in addition here. Those who think that investment is too much pressure before investing and think that they will have to learn and then get involved in investment, in this case, it is seen that many times they get lost in this learning cycle and get lost in investment.

however, knowing how to withdraw our bitcoin does not mean someone should focus on withdrawing any small profit they see in their bitcoin otherwise it becomes trading and it is not advisable for newbie to be trading bitcoin because there is a high chances of them losing their funds.

When an investor starts investing, he should have the idea that he will not sell the amount he is buying and the amount he will buy continuously. Because if he sells, it will be considered as trading. When investing, the investor should see positive changes in the market and negative changes, but he should not be affected by these changes, but should be patient and wait for a long time for something good.

[Obulis]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I can't agree with your comment. Because it is very natural for a new person to be afraid. A new person has never faced such a situation before and when they see their money slowly going towards loss then they will be afraid this is the case with about 80% of people. It is not that a person becomes a trader when they are afraid, that person is called a trader. The person who buys and sells in the short term is called their trader.

A new person needs to build so much faith in Bitcoin at the beginning that they do not decide to sell or sell even when facing a market decline. Gradually when they start to deal with the market decline and are able to deal with a big market decline then they can increase the amount of their investment

Yes we are all human, but what do you really call the response of an investor to Bitcoin market price decline? Fear? Don't forget fear is when you are overwhelmed by market price decline, fear can trigger high blood pressure and other ill health conditions, so tell me why an investor should put themselves under such unnecessary pressure? If that be, probably it means some investors expresses fear more than some traders when Bitcoin price declines and what is the meaning of such nonsense?
Just imagine an investor who has decided to hold for 10 years but had only hold for 2 years always expressing fear when there's Bitcoin market price decline. There will be some response definitely when price decline because you a human but it is nonsense when it becomes fear. Fear of what exactly? That your holding term is almost elapsing? Or an investor who haven't gone to the halfway the holding term?

[Frankolala]

Investing with a reasonable amount from our discretionary should be when we have an increased discretionary and we can put some more into Bitcoin.

I don't think so, I see it like this. Investing more from your discretionary income is when you have completely build up your various backup funds to their normal level including your discretionary income. This is because if someone has $100 as his discretionary income and divides it into three equal parts. Which 33.3% is for his weekly DCA, the second 33.3% is for building his emergency funds and the last 33.3% for his discretionary consumption.

If he has already built his backup funds as he is investing overtime, he can channel that 33.3% for building his backup funds into his bitcoin investment which will make him to start using 66.6% from his discretionary income to buy aggressively, and maintain the percentage for his discretionary consumption. However, if he has used part of his emergency funds to take care of a real life emergency, that's when he can reduce his DCA amount so that he can refill his emergency funds back to the normal size which is three months of his monthly expenses.

[Grease5000]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

Though  it is true that no strategy can guarantee success. And even  if someone invest using discretionary income he  can still panic when the price drops what matters is how  he react to it or what he does after that panic.

If he sells his BTC every time there is a small price change, then his actions are starting to look more like short term trading. But if he stays true  with his plan and keeps accumulating only with discretionary income and using the DCA strategy, then the short term price movement has not changed his investment approach.

[Charcol]

A method can guarantee success if we are consistent with such method, although it also depend on the method and our ability to keep up with the method,

Why not use the word strategy instead of method as this is a term of doing use when we are discussing about investment, the strategy determines part of the outcome we may get when we are investing in cryptocurrency, it's also tells more of the risk that we may be facing along the line.

We cannot also conclude it by saying that the strategy guarantees 100% profit, it's all depends on how we invested and the time to revision that makes it a profitable one, this is why each investors are more of going through a specific pattern that increases their earning rates as they tend to hold more than they easily decide to sell.

Honestly, using the word "crypto" here is unnecessary. You should not forget that in this thread we are interested in discussing long-term Bitcoin investments, not some shitcoin. When you use the word "crypto", it seems that tokens, fake projects, scams, hype, shitcoins are all mixed together. There are many new investors here who may misunderstand your use of the word "crypto". I can assume that you mean Bitcoin by "crypto". But you need to be more explicit so that newbies don't misunderstand because of one of your words.

[Decimetre]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

Though  it is true that no strategy can guarantee success. And even  if someone invest using discretionary income he  can still panic when the price drops what matters is how  he react to it or what he does after that panic.

If he sells his BTC every time there is a small price change, then his actions are starting to look more like short term trading. But if he stays true  with his plan and keeps accumulating only with discretionary income and using the DCA strategy, then the short term price movement has not changed his investment approach.

I think that most panic occurs mostly due to investing more than what you can afford to lose at any time. When someone mean to hold his bitcoin for a long-term, he plans it from the early stage by investing only what he can afford to lose after taking care of their family responsibilities and other civil responsibilities. If he has taken care of all the necessary things, he is less moved by the fluctuations that happens in the bitcoin market because right from his investment time, he already mapped such amount out for possibly loses if things goes bad.

Again, to cure panic, he has to reduce his focus on the bitcoin price, he should not come and be monitoring the price fluctuation instead z he should be more concerned about accumulating more bitcoin as much as possible and also not overdoing it beyond what he can afford to lose.

[BluebloodCXVI]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

[Bigjoe33]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Surely, our choices go a long way in determining how we pursue our investment goals, how we invest and how we will possibly end the journey. Choice we make, either 'make us', 'or mar us'

And I see one major influencer of our choices is our 'mindset'

An investor who come into Bitcoin with an already trading mindset tends to make decisions or choices related to trading and seeking short time gains. Thet prefer dip buys, sell when it is high and wait yet for another Dip. But this is different from an investor who comes in with an investment mentality.

One peculiarity with all this is that everyone gets to face the consequences of his actions and choices all alone. However, to be on the safer side and in the good books of Bitcoin, its better you bank on long term investment mentality. Buy, keep buying and HODLing.

[As-Soon-As]

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Look, you have to control yourself in everything you do and you must use a Bitcoin emergency fund to deal with the situation. However, if you are not able to control the situation yourself, you can collapse in the middle or in the middle of investing, so of course every person should have this knowledge to move forward towards the future by following a strategy. If you are attracted to investing in more Bitcoin, it is not beyond your control,
but you should not buy Bitcoin aggressively at all. Buy Bitcoin within your means and move towards the future correctly, of course it will be easier for you to hold Bitcoin investment for the long term only by following a strategy.

[JayJuanGee]

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Look, you have to control yourself in everything you do and you must use a Bitcoin emergency fund to deal with the situation. However, if you are not able to control the situation yourself, you can collapse in the middle or in the middle of investing, so of course every person should have this knowledge to move forward towards the future by following a strategy. If you are attracted to investing in more Bitcoin, it is not beyond your control,
but you should not buy Bitcoin aggressively at all. Buy Bitcoin within your means and move towards the future correctly, of course it will be easier for you to hold Bitcoin investment for the long term only by following a strategy.

You must not know what is buying bitcoin aggressively, since you seem to be mixing up the idea of buying bitcoin aggressively with the idea of buying bitcoin over aggressively.

The two concepts are different, and buying bitcoin aggressively, versus whimpily versus some level in between aggressive and whimpily is a matter of choice, and they are all within a person's discretion and their discretionary funds.

Buying bitcoin overly aggressive is when a person had gone too far in his bitcoin buying and/or other ways that he had been managing his money (such as how much back up funds he was keeping and maintaining).

I think  that there are several of us (including yours truly of course, and probably including BluebloodCXVI) who understand the idea that it may well be a good thing for any of us in our bitcoin accumulating phase to try to buy bitcoin as aggressively as we can without overdoing it.

Apparently, you @As-Soon-A, do not understand that buying bitcoin aggressively is a good thing for any of us who are able to do it, so long as we do not end up overdoing it... and the extent to which we end up overdoing it might not be known until some point later down the road when we realize that we had ended up screwing up.

Buying bitcoin aggressively is a matter of choice, and it is on a spectrum.

Do you need an example?

For example if a person knows that he has $300 in discretionary funds each week, maybe he will choose an average route of investing $100, saving $100 and discretionarily consuming with $100.

He also could choose to invest up to $300 in bitcoin each week, yet that might be overly aggressive if his back up funds are inadequately and/or he is not adequately accounting for other needs/wants that he has that includes his discretionary consumption.

So investing aggressive is relative, including that he could overdo it by investing beyond his discretionary income or maybe he could overdo it by investing large portions of his discretionary income, especially if he is not otherwise financially and psychologically comfortable to invest into bitcoin at such high levels.  Even though we can give some examples, we might not be able to exactly determine if a person is merely investing into bitcoin aggressively or if he might have had ended up overdoing it.

[PERtua]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Yes, there are degrees of consistency and risk management that we can control. But I believe it's just as important to know when NOT to invest. A person can be consistent with DCA but not able to afford the expenses of emergencies or daily living costs if he/she invests the money that is required for them. While Bitcoin's long term prospects are bright. It is important to remember that this does not imply a lack of risk in the near term. A strategy that first builds up an emergency fund and then invests what is surplus to the needs will be more sustainable. Since it will not be exposed to volatility. Financial discipline is not only about the amount we invest. It's also about knowing our limit.

[Tetu100]

Honestly, using the word "crypto" here is unnecessary. You should not forget that in this thread we are interested in discussing long-term Bitcoin investments, not some shitcoin. When you use the word "crypto", it seems that tokens, fake projects, scams, hype, shitcoins are all mixed together. There are many new investors here who may misunderstand your use of the word "crypto". I can assume that you mean Bitcoin by "crypto". But you need to be more explicit so that newbies don't misunderstand because of one of your words.

I am sure we all know that crypto as a terms comprises of so many other coins including some crazy once and it doesn't make sense that way. It's proper we should be more specific for a proper understanding, mostly for newbies. Bitcoin is the mother of all coin and it is not proper or rather a huge insult addressing them on a role. Please Accord BITCOIN some respect because it's right to do so. @Charcol, nice observation.

[Rhow]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I can't agree with your comment. Because it is very natural for a new person to be afraid. A new person has never faced such a situation before and when they see their money slowly going towards loss then they will be afraid this is the case with about 80% of people. It is not that a person becomes a trader when they are afraid, that person is called a trader. The person who buys and sells in the short term is called their trader.

A new person needs to build so much faith in Bitcoin at the beginning that they do not decide to sell or sell even when facing a market decline. Gradually when they start to deal with the market decline and are able to deal with a big market decline then they can increase the amount of their investment

Yes we are all human, but what do you really call the response of an investor to Bitcoin market price decline? Fear? Don't forget fear is when you are overwhelmed by market price decline, fear can trigger high blood pressure and other ill health conditions, so tell me why an investor should put themselves under such unnecessary pressure? If that be, probably it means some investors expresses fear more than some traders when Bitcoin price declines and what is the meaning of such nonsense?
Just imagine an investor who has decided to hold for 10 years but had only hold for 2 years always expressing fear when there's Bitcoin market price decline. There will be some response definitely when price decline because you a human but it is nonsense when it becomes fear. Fear of what exactly? That your holding term is almost elapsing? Or an investor who haven't gone to the halfway the holding term?

I believe the sentiment is common with every new investor, that sometimes the market decreases after making their initial investment in Bitcoin, which can be a fear. Whereas, the difference is that he either changes his mind after being scared or not. When the price drops, and he needs to sell, if he bought it with his own money, he isn't very careful about keeping an emergency fund, he may choose to sell because of fear. This time, it's not a long-term investment. If someone else purchases what they can afford and begins to establish an emergency fund as well, then he isn't likely to sell for fear even if the market drops. He doesn't need the money at this time. This way he can stick to his plan without breaking it and be able to learn the experience without fear.

[Silikiem]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Yes, there are degrees of consistency and risk management that we can control. But I believe it's just as important to know when NOT to invest. A person can be consistent with DCA but not able to afford the expenses of emergencies or daily living costs if he/she invests the money that is required for them. While Bitcoin's long term prospects are bright. It is important to remember that this does not imply a lack of risk in the near term. A strategy that first builds up an emergency fund and then invests what is surplus to the needs will be more sustainable. Since it will not be exposed to volatility. Financial discipline is not only about the amount we invest. It's also about knowing our limit.

Are you saying that newbies should first waste time and delay getting started in bitcoin investment trying to build up the  emergency funds before they can start investing In bitcoin even when they have their discretionary income ready do you know how many years it will take most of them to finish building up their emergency funds and by that time they might even have to forget about bitcoin investment . Not having the emergency funds ready shouldn’t be a reason why investors should delay getting started with bitcoin investment, it’s not a prerequisite to start investing in bitcoin as they can get to invest with the available discretionary income they have and along the line try to build the emergency funds gradually. They can as well be doing it side by side in a way that when they have a discretionary income they can allocate part of it to buy bitcoin and the other part to keep for emergency funds and other back up savings.

[Big Dirams]

Yes, there are degrees of consistency and risk management that we can control. But I believe it's just as important to know when NOT to invest. A person can be consistent with DCA but not able to afford the expenses of emergencies or daily living costs if he/she invests the money that is required for them. While Bitcoin's long term prospects are bright. It is important to remember that this does not imply a lack of risk in the near term. A strategy that first builds up an emergency fund and then invests what is surplus to the needs will be more sustainable. Since it will not be exposed to volatility. Financial discipline is not only about the amount we invest. It's also about knowing our limit.

Are you saying that newbies should first waste time and delay getting started in bitcoin investment trying to build up the  emergency funds before they can start investing In bitcoin even when they have their discretionary income ready do you know how many years it will take most of them to finish building up their emergency funds and by that time they might even have to forget about bitcoin investment . Not having the emergency funds ready shouldn’t be a reason why investors should delay getting started with bitcoin investment, it’s not a prerequisite to start investing in bitcoin as they can get to invest with the available discretionary income they have and along the line try to build the emergency funds gradually. They can as well be doing it side by side in a way that when they have a discretionary income they can allocate part of it to buy bitcoin and the other part to keep for emergency funds and other back up savings.

Practically this is just common understanding, when an investor has a discretionary income then technically he or she has enough for discretionary consumption and back up funds so they can start investing just like you said and no more wasting of time.
 However, in a situation whereby the investor has as low as $10 then we can see that when shared into three equal part that would gives us $3.33 but then we can see that the discretionary consumption wouldn’t be much for buying bitcoin (I.e at some exchanges or anywhere we are trying to buy bitcoin) so waiting a one week or more  wouldn’t be a bad idea just to get more funds that will be enough for bitcoin accumulation (i.e if we are receiving wages and even with salary we can still consider waiting a bit to raise reasonable amount for accumulating).

[Brownfish-B]

Practically this is just common understanding, when an investor has a discretionary income then technically he or she has enough for discretionary consumption and back up funds so they can start investing just like you said and no more wasting of time.
 However, in a situation whereby the investor has as low as $10 then we can see that when shared into three equal part that would gives us $3.33 but then we can see that the discretionary consumption wouldn’t be much for buying bitcoin (I.e at some exchanges or anywhere we are trying to buy bitcoin) so waiting a one week or more  wouldn’t be a bad idea just to get more funds that will be enough for bitcoin accumulation (i.e if we are receiving wages and even with salary we can still consider waiting a bit to raise reasonable amount for accumulating).

This is precisely where the mistake lies. If you wait to accumulate more funds before investing thinking you will invest only after you have more money in hand there is a high probability that those extra funds will end up being spent on something else.

It is quite possible that you or a family member might take a liking to something be it a luxury item or an optional expense and end up spending that extra money on it. Consequently the funds you were setting aside for investment would never actually make it into an investment.

However had you invested that $3.33 in Bitcoin right at the start your investment journey would have at least begun. Even though the amount was small you would have moved beyond the starting point of zero. You could have invested more later as you acquired additional discretionary income.

To me the mindset of let me save up more money before investing is less practical than simply starting with whatever discretionary income is currently available. After all starting with a small amount is far better than doing nothing at all. You can always gradually increase your investments according to your means as your income grows.

[sotelorene]

Yes, there are degrees of consistency and risk management that we can control. But I believe it's just as important to know when NOT to invest. A person can be consistent with DCA but not able to afford the expenses of emergencies or daily living costs if he/she invests the money that is required for them. While Bitcoin's long term prospects are bright. It is important to remember that this does not imply a lack of risk in the near term. A strategy that first builds up an emergency fund and then invests what is surplus to the needs will be more sustainable. Since it will not be exposed to volatility. Financial discipline is not only about the amount we invest. It's also about knowing our limit.

That is the biggest mistake anyone will ever make to be consistent while they can not afford their expenses or needs because you are already planning not be successful in your investment which is failure. A wise investor will always make sure to handle his or her needs before any other thing I mean if you have not handle your needs where will the investment money come from? This shows lack of knowledge as it Is not what is required of an investor to do first. The first priority of anyone should be their needs before any other thing.

[Sally9256]

Yes, there are degrees of consistency and risk management that we can control. But I believe it's just as important to know when NOT to invest. A person can be consistent with DCA but not able to afford the expenses of emergencies or daily living costs if he/she invests the money that is required for them. While Bitcoin's long term prospects are bright. It is important to remember that this does not imply a lack of risk in the near term. A strategy that first builds up an emergency fund and then invests what is surplus to the needs will be more sustainable. Since it will not be exposed to volatility. Financial discipline is not only about the amount we invest. It's also about knowing our limit.

That is the biggest mistake anyone will ever make to be consistent while they can not afford their expenses or needs because you are already planning not be successful in your investment which is failure. A wise investor will always make sure to handle his or her needs before any other thing I mean if you have not handle your needs where will the investment money come from? This shows lack of knowledge as it Is not what is required of an investor to do first. The first priority of anyone should be their needs before any other thing.

I won't say it's lack of knowledge but lack of common sense. You don't need knowledge to know what's good and bad for you. When people go on to invest money when they are yet settle their needs I see them as people who lack common sense else they would know what is a necessity to them and what needs to be sorted first.
Not taking care of your needs will only take you backwards to where you are supposed to have pass and when you invest money meant for your basic needs you will still likely end up running back to your investment to solve that needs. An investor needs to know his priorities and also have good financial discipline as well