It's not a must that a brand new investor should have discretionary income before starting his bitcoin investment so that, he doesn't waste more time as a no coiner. Provided that your discretionary income is available, you can start buying bitcoin right away and build your emergency funds simultaneously with your bitcoin investment.
You are trying to contradict yourself here. You said a new investor doesn't need to have his discretionary income before investing in Bitcoin now you are saying if his discretionary income is available he can start buying Bitcoin what are you trying to point out. Let's say you don't get it correctly, your discretionary income gives you the confidence to keep accumulating Bitcoin without fear of the happenings in the market. You have no fear because the amount you are using to invest is not something that you will need any time soon and if something happens that requires urgent expenses you can use your emergency funds to take care of it and not temper with your Bitcoin.
Having emergency funds is necessary as an investor it helps you not to depend on your investment money when you have any emergency that's why every investor should have it and not try to do any form of investment with it.
For clarity, discretionary funds are absolutely needed to invest in bitcoin, since we should not be trying to invest in bitcoin with non-discretionary funds.
Of course, if guys have sufficient back up funds, then from time to time they could invest into bitcoin beyond their discretionary funds, but then they would be reliant upon drawing from their back up funds to cover basic expenses, which would tend to be a bad practice unless they just happen to have a lot of back up funds that are available to them.
And, by the way, a person might start out investing in bitcoin with little to no back up funds, and they likely are going to be needing to build up their back up funds at the same time that they are accumulating bitcoin, yet if they had been investing a while into bitcoin and also building up their back up funds at the same time, then it may well be the case that they have more wiggle room to sometimes make mistakes and/or to invest into bitcoin beyond their discretionary funds because their back up funds are sufficiently large to make sure that they have enough money for basic expenses in case some basic expenses need to be paid prior to their next paycheck.
At the same time, many guys have attempted to warn other members to be careful in their tapping into their back up funds and/or their reliance on their back up funds to buy bitcoin, since it may well end up being the case that they are overly depleting their back up funds, and so if in the near future they end up having loss of income and/or increases in their expenses, then they may well find that they had been overly fucking around and that they end up not having enough money to cover their expenses, and they end up having no choice but to tap into their bitcoin at atime that was not of their own complete choosing.
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I can bet on Bitcoin Price to increase in the future because of the level of market adoption for Bitcoin as speculative assets, and if you check since history, Bitcoin have always put in the best foot in terms of consistency of value increase over the long term investments plans, the only time one can not get profits, is when the investors should put in money and expect a profit with in the shortest period of time, Bitcoin don't normally follow your own predictions,
but it value over years will surely keep increasing. Get the fuck out of here with your nonsense proclamations about bitcoin being guaranteed to keep increasing in price when that is not necessarily the case.
You should be able to figure out ways to talk about your positiveness about bitcoin without acting as if bitcoin's future (or even your own future in relation to bitcoin) is guaranteed, when it is not.
That is the reason why we often emphasise that you hold your Bitcoin for a long period of time as an investment goal, and the reason why we see Bitcoin investment approaches like DCA being the most talked-about and practised means of Bitcoin accumulation based on discretionary income spending.
You must be in the wrong thread. In this thread, we say, "don't invest in bitcoin any more than you can afford to lose." We also say that you better spend some time paying attention to your cashflow management practices and systems so that you can strengthen those practices and ongoingly build your bitcoin wealth and even your overall investment portfolio wealth, yet even if you do everything perfectly, there is no guarantee that you will end up being profitable in either your bitcoin investment or your investment portfolio wealth management.
Maybe you should read back through various posts in this thread (especially mine) to try to get yourself on topic and not contradicting various discussion frameworks within the thread.
I can bet on Bitcoin Price to increase in the future because of the level of market adoption for Bitcoin as speculative assets, and if you check since history, Bitcoin have always put in the best foot in terms of consistency of value increase over the long term investments plans,
While did you guys still rely so much on the past history of Bitcoin? Funny enough you're still using the past history to determine how the price of Bitcoin would look like in the future. And yeah if we look at the past history of Bitcoin it's clear that there has been a great improvement in the value but that's aside we should be more concern about the current situation of Bitcoin.
the only time one can not get profits, is when the investors should put in money and expect a profit with in the shortest period of time, Bitcoin don't normally follow your own predictions, but it value over years will surely keep increasing.
That's not true even though we don't accept short term investment here yet there are people who made profit from Their short term investment, but even at that it's not advised to invest for Short term with Bitcoin because Bitcoin is not always good in short term but it is good when you invest and HODL for Long term probably 5-10 years or more.
We are not talking about short-term investing and/or trading in this thread, unless there is some specific reason to bring it up that might relate to the topic of this thread.. .. so surely, by now, most guys should recognize this as an investment thread.. and yeah, my ideas related to investing is that the timeline should be 4-10 years or longer, and most guys should be thinking 10 years or longer, unless they have age/health reasons that might not allow them to invest 10 years or longer.. and of course, there could be some other reasons that less than 10 year investment timelines might make sense, even though if try to argue nonsense that don't relate to age and/or health then they better provide some context to justify why it might make sense to have bitcoin investment timelines that are less than 10 years that are not related to health and/or age.
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I don't think he is using the past history to determine how the price will look like tomorrow or in the future, nope. I think by his reference, he is just showing that Bitcoin is a store of value, and that if you hold Bitcoin for longer period, there is every possiblity of Bitcoin gaining price increment and increasing it's value.
Sincerely, I believe Bitcoin's past history is a major source of motivation to new investors today. It's history helps to teach and/or show that it is a pure store of value. So I don't see anything wrong when one refers to the history of a things in reference to the presence.
Investors who bought Bitcoin 10 years back, who has seen the volatility of Bitcoin and have stayed through it's movement, either upwards, downwards and/or sideways will always reflect to its historical appreciation in market value over the years, because it shows clearly that Bitcoin is a store of value.
The strength of bitcoin's current investment thesis and possible price appreciation into the future is not based on the mere fact that it has performed well historically, so yeah, it is problematic (and likely too superficial) to be understanding bitcoin ONLY in terms of its history. Maybe you need to try harder to figure out why you are investing into bitcoin and the various justifications that go beyond the fact that its price had gone up in the past?
It's not a must that a brand new investor should have discretionary income before starting his bitcoin investment so that,
Your statement is contradictory to what is needed to start investing in bitcoin, since isn’t mandatory for a newbie to have discretionary income before they can start investing in bitcoin, so what is required for a brand new investor to start investing in bitcoin, what is required to start investing in bitcoin is a discretionary income, so if you’re saying this here, then you’re going to be misleading newbies here with your statement, considering your rank I will assume you’ve been investing and buying bitcoin, if I may ask when you started investing in bitcoin did you start your investment outside your discretionary income ?, because if you did invest outside your discretionary incomes, by investing with money meant for your expenses then that is a huge blunder you’re making, and you might end up buying selling like a trader.
I think that was a mistake and @Frankolala has corrected the mistake. I know he is not a beginner in this forum so I went to check the post if that was what he said but I realized he has edited the post and it was a mistake and sometimes people make mistake when typing it is very normal. Well, it is good you pointed it out so he would correct it before the information will mislead a newbie because some newbie do carry almost everything they see without analyzing it whether it is correct or not.
As a courtesy to other members participating in this thread, when members go back and edit their posts based on subsequent discussion in the thread about their post or about the contents of their post, then they should be highlighting within
their edited post the areas that they had edited within their earlier post so that their edits are sufficiently clear to other members, especially if members had already specifically criticized some of the contents of their previous post.
Highlighting subsequent editing is just a courtesy that each of us should be doing if we either make mistakes or we had to go back to edit our posts after they had been already posted for a while prior to the edits.
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To invest in Bitcoin, you need all the necessary things, if you do not follow the basic strategies, you can sometimes face danger with Bitcoin investment. So to avoid danger, we must follow the basic strategies and our own strategies, there are many strategies about Bitcoin investment, among which you need to maintain a prudent and emergency fund and the continuity of Bitcoin purchases.
All these strategies must be followed, but there are some more own strategies by following which you can hold Bitcoin holdings for a long time. In this situation, investing in Bitcoin is the most important and ensures future financial savings.
You (@As-Soon-As) seem to be proclaiming that there is some perfect strategy in order to invest in bitcoin, which surely is not true.
Guys who have discretionary income can get started buying bitcoin and they can figure out how much discretionary income that they have so they can decide how much to invest, how much to save and how much to discretionarily spend.
Sure, it might take a bit of practice to get used to how much discretionary income is available each week (or whatever investment period), but with practice guys can get better at figuring out how much is comfortable for them, and yeah they might make mistakes from time to time, yet if they figure out that they have $100 in discretionary funds that are available, then maybe on purpose they choose to ONLY use $30 to buy bitcoin and then to reassess their situation in the next week or the next time that they get paid to figure out if they want to continue withe $30 per week or if there might be some other amount that might be more comfortable for them.
It always surprises me when an investor becomes more focused on quick profits than on long term investment.
It shouldn’t surprise you much, such a person wasn’t an investor in the first place. Traders are always after quick profits.
You should not make decisions in a hurry. Expecting quick profits and actually following a trading strategy are not the same thing. As an investor, expecting excessive profits at the beginning is certainly not a good thing. But someone can expect good results in the future by saving Bitcoin for a long time, buying regularly. This does not mean that he is not an investor just because he expects profits.
I personally think that you can find the difference between an investor and a trader through their work. If you regularly increase your savings in Bitcoin with discretionary income and do not sell during market fluctuations, then I would say that your behavior is very much like an investor. In this case, you do not become a trader directly just because you expect profits.
On the other hand, if someone else sells repeatedly in the hope that he will buy again when the price drops. Then it becomes a trading strategy. In some cases, an investor and a trader may have the desire to make profits, but their decision-making style is different.
Your post is confusing @Primark, since this is an investing thread and it seems a bit of a distraction to be talking or spending a lot of time thinking about profits. If you are figuring out how much to DCA into bitcoin, then how does profits really become part of your thinking if you might be thinking that your investment timeline is 4-10 years or longer? It seems a bit of a distraction to to be proclaiming that "it is o.k. to think about profits" instead of trying to figure out the various other ways to talk about bitcoin and to talk about cashflow management in order that guys might come to realize that they may well be spending quite a bit of time just ongoingly buying bitcoin, unless they have some ways that they are able to front load their investment.
How exactly does supposed profits fit into the discussion, even if a guy might be able to front load his investment and invest several months of his income or even a year or more of his income into bitcoin at one time. Perhaps you want to give us some examples about how guys are going to be accumulating their bitcoin in terms of an investors mindset and what role exactly does profits play when you are really figuring out the guys investment timeline? Are you thinking about 4-10 years or longer or do you have something else in mind? Maybe you want to give some kind of an example that you would consider to be investment oriented, and without devolving into talking about trading?
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Yes, one of the most important basic strategies is discretionary income. The mental preparation and patience to continue holding Bitcoin for the long term. This mental preparation will be developed by practicing Bitcoin. There are many tempting things in the market that will tempt you to sell quickly or withdraw a small profit during a period of price increase but you need to plan for the long term 4-10 years or more.
Having a cash fund to buy additional Bitcoin fractions during dumping periods during a regular stay in Bitcoin is a good investment strategy that makes it easier to reach the over accumulation stage during this designated period.
You must be lost @laijsica. This here cat never said that fucking around to buy dips is a good investment strategy or that it would result in getting more bitcoin. I should probably start to delete your posts if you can't figure out how to say things in ways that make sense.
Structuring bitcoin buys around dips that might not happen is not a good investment strategy.. so fuck off with such nonsense.. or take your nonsense to some other thread. .such as a trading thread or maybe a retards thread?
An emergency fund can surety provide security in the long term, without having to withdraw Bitcoin holding in times of emergency.
Of course, back up funds (that includes emergency funds) can be built up at the same time that a guy is buying bitcoin, so he may well not start out with a lot of back up funds, and so the mere fact that back up funds are present, that does not mean that all cash flow problems will be resolved including preventing the need to tap into bitcoin at a time that is not of the investor's complete choosing.
