Bitcoin kwoledge is not complete without bitcoin investment

[Blitzboy]

I don't know why people feel that knowing only the theory of bitcoin is ok, without investing. Before theory will be written, there must be a practical to prove that is it true and accepted by scientist after which, other scientist must have followed the whole process with observation and conclusion. It is the same with bitcoin, the knowledge that will have about bitcoin was put into practices first before it was written for us to know. If Satoshi and his group, only have the knowledge and didn't practice it for them to have a conclusion on how bitcoin works, we wouldn't be here passing bitcoin knowledge to people and learning.

With all these stated above, anyone without bitcoin investment and claims that he has the knowledge is only like a clock without the minute and hour hand, because you are just there with your knowledge, and you don't know the reality of what is in your head. Bitcoin investment will expand your knowledge on bitcoin and will help you to towards being successful in your bitcoin journey. A man with the knowledge of bitcoin is an ordinary person, but a man that has the knowledge and investment is a bitcoiner, because he says things from experience. Nobody can have all the knowledge of bitcoin in this world, but with the little one that you have, it is enough for you to invest and benefit from what you know. There is much knowledge to gain when you have the experience but little knowledge when you know only the theory.

I agree with you that real-world experience is crucial for Bitcoin. The theoretical understanding, however, should be respected, imo. Should people who cant afford Bitcoin be excluded from the conversation? As you say, investment is necessary for complete knowledge, but it must also be accessible to everyone.

Theory lays the foundation for practice. Without theory, we're walking blind, and thats where the risk grows. Now, I do believe that real-world experience with Bitcoin investment can provide insights that cant be obtained from textbooks. So, your point about a man with knowledge and investment being a "bitcoiner" does mean something. Its an intriguing viewpoint that investment complements knowledge

[1714509266]

1714509266

[yazher]

investing in bitcoins is not necessarily a need of having lots of money because a chunk from your salary is already enough to buy some little amount just to know how the crypto market works and makes you realize what if you have bought more than that. that's why I'm truly motivated by others who made a fortune out of their nice decision when they leave their bad habits just to buy some bitcoins. they chose the right track by not buying cigarettes or alcohol just to change themselves and also became productive for their families and that paid off well for them because they managed to invest some bitcoins before the great ATH ran a few years ago.

[JayJuanGee]

It can take a real long time to make up for some of the losses that happen, so when any of us is looking at our investment portfolio, we have to be careful about not losing our principle.  So we should be figuring out ways to establish our various position sizes in such ways that we are not putting our principle at risk.

Yes, I know easier said than done.. but first of all figuring out how much we are going to invest into BTC or other investments, such as 10% of our salary (or some other reasonable amount that allows us to continue to live a reasonable lifestyle). .and then once we have figured out our budget then we have to figure out what to invest into..  If you are a brand new investor, then there does not seem to be anything wrong with putting all or most of your 10% amount into bitcoin until you reach a certain level of 20% to 50% of your annual salary or some other number that you believe to be reasonable and then at some later point, then figure out how to diversify.. and most likely not shitcoins but instead property, equities, commodities, bonds, and cash/cash equivalents... and sure if you cannot resist getting involved in various shitcoins, then restrict your investment into them to no more than 10% of the size of your bitcoin investment.. unless you figure out some angle that is actually good information about some project that you are going to invest into and to go beyond 10% of ther size of your bitcoin investment.

Anyhow, the point is that many times, it does take a long time to build back principle when you end up losing a lot of it (or even all of it) because you got to greedy and/or you failed to limit your position size based on how much risk you were entering into.

Diversification is the next big step that I will need to figure out. Once a certain level of capital is reached, its preservation will be an important issue, and in this case, diversification into less risky investments will be a logical solution.

It seems simple until you actually experience it personally, then you begin to understand that there are many options, and with little capital you want to choose the best one possible, but this is not so simple. I've never dealt with stocks or bonds, I've only had a little experience with real estate, but I'm not sure that's what I'd like to invest in. If we talk about goods, this will most likely imply that I will be doing business, but this is not very interesting to me either. At the moment I have achieved a good standard of living and have begun to value my time, so I would like to spend more time with my family. And Bitcoin looks like a very good investment in this case, I buy Bitcoin and wait for my goals, it doesn’t require much of my time.

Maybe when you get to a stage in which you are starting to get ready to diversify, it will start to make more sense which place to either start to put value or to lump sum into it.  Surely one of the advantages about bitcoin and dollars (or whatever is your fiat), you can fairly easily get in and out of them, including that you are able to put small amounts at a time. 

Sometimes it can be more complicated with something like investing into property or like a business, but sometimes the property could become logical since you might be living in it as well.. but at the same time, it is not very liquid or moveable.

Sometimes with something like stocks you have to figure out how to open up an account, and you might even have to have a certain amount of value that you have to be able to put into it.. and perhaps that's part of the appeal that a lot of normies have when it comes to getting into shitcoins instead of some more traditional investments, and perhaps some of the shitcoin and bitcoin space might contribute towards making some of the traditional investments more available and easier to get into.. one of the things that people like about something like Robinhood.... but there are becoming more of those kinds of services.. but still 3rd party risk with those kinds of accounts.. and for sure KYC. .yet in my view, there can be some advantages towards having both KYC and non-KYC.. and of course, there are ways in which bitcoiners are continuously trying to figure out more ways for a circular economy in which there are several non-KYC transactional and interaction options.

[Ryu_Ar1]

It can take a real long time to make up for some of the losses that happen, so when any of us is looking at our investment portfolio, we have to be careful about not losing our principle.  So we should be figuring out ways to establish our various position sizes in such ways that we are not putting our principle at risk.

Yes, I know easier said than done.. but first of all figuring out how much we are going to invest into BTC or other investments, such as 10% of our salary (or some other reasonable amount that allows us to continue to live a reasonable lifestyle). .and then once we have figured out our budget then we have to figure out what to invest into..  If you are a brand new investor, then there does not seem to be anything wrong with putting all or most of your 10% amount into bitcoin until you reach a certain level of 20% to 50% of your annual salary or some other number that you believe to be reasonable and then at some later point, then figure out how to diversify.. and most likely not shitcoins but instead property, equities, commodities, bonds, and cash/cash equivalents... and sure if you cannot resist getting involved in various shitcoins, then restrict your investment into them to no more than 10% of the size of your bitcoin investment.. unless you figure out some angle that is actually good information about some project that you are going to invest into and to go beyond 10% of ther size of your bitcoin investment.

Anyhow, the point is that many times, it does take a long time to build back principle when you end up losing a lot of it (or even all of it) because you got to greedy and/or you failed to limit your position size based on how much risk you were entering into.

Diversification is the next big step that I will need to figure out. Once a certain level of capital is reached, its preservation will be an important issue, and in this case, diversification into less risky investments will be a logical solution.

It seems simple until you actually experience it personally, then you begin to understand that there are many options, and with little capital you want to choose the best one possible, but this is not so simple. I've never dealt with stocks or bonds, I've only had a little experience with real estate, but I'm not sure that's what I'd like to invest in. If we talk about goods, this will most likely imply that I will be doing business, but this is not very interesting to me either. At the moment I have achieved a good standard of living and have begun to value my time, so I would like to spend more time with my family. And Bitcoin looks like a very good investment in this case, I buy Bitcoin and wait for my goals, it doesn’t require much of my time.

I've actually heard this word a lot but I've never even done it.
Maybe it's true for most people who have been able to manage their finances well and have enough wealth Disification can be important but on the other hand when it speaks only for myself I still won't do it because my focus is still on the investment that I always run, namely in bitcoin.
Even though according to other people it is good but for capital that can be said to be mediocre like me, I better focus on one field first (bitcoin) as my form of investment.
Forcing diversification with fairly mediocre capital will actually make us dizzy so that when our capital and finances are too minimal, it would be better to focus on just one investment rather than doing it by branching out but the results are not optimal.

[Su-asa]

The knowledge of bitcoin is important but experience is the best teacher. You can't tell me that you know a lot about bitcoin without investing and see how it feels to hold bitcoin, because it is easy to know but hard to hodli when you haven't undergo the market emotions and sometimes run at loss due to some wrong decisions that you have made. When you have invested in bitcoin, this is when you will be faced with the reality of bitcoin market but when you only have the knowledge, you will think that the market is as easy as just buying and selling, not knowing that there is a strategy to follow. I could remember when I felt that I have understood bitcoin and rushed into investing with no strategy, I ran at great loss because it was my first bitcoin and later on I came up with a buying strategy that made me to know more about the challenges that comes with bitcoin investment. It is just like someone knows the theory of how to swim, and he went to jump inside the ocean, without practising in a swimming pool. This is how bitcoin knowledge and bitcoin investment is, you need to invest to have the experience of what you feel you know about.

You have a good point. Having Bitcoin knowledge is good, but it is more convenient when we also practice the knowledge of Bitcoin that we already know. If I buy Bitcoin today, I will experience a lot, like losing and profiting. It will help me develop and also be more intelligent about Bitcoin.

It is hard to buy Bitcoin, but it is easy to get information about Bitcoin. You can get Bitcoin information either on social media or from someone, but after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

[goldkingcoiner]

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

[flyingcarpet]

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

Everyone will meet Bitcoin one day. I can summarize the situation as follows. For now, the money of those who prefer fiat money to Bitcoin is melting away against inflation every day.

What you say about information is very valuable. Because for a person who cannot buy Bitcoin, knowing about Bitcoin will take him one step forward because he will see what he should invest in and its potential.

Knowledge means power because the knowledgeable one is in the right place. He makes his choices within his knowledge. I'm not saying you won't make mistakes and everything will be perfect, but I'm saying it will be more advantageous than the uninformed.

[deathcode]

Theory lays the foundation for practice. Without theory, we're walking blind, and thats where the risk grows. Now, I do believe that real-world experience with Bitcoin investment can provide insights that cant be obtained from textbooks. So, your point about a man with knowledge and investment being a "bitcoiner" does mean something. Its an intriguing viewpoint that investment complements knowledge

Yes you are right, theory and practice are two different things but both are a correlated unity. In this crypto world, I think we have to have both because if we only just have one then we may not be able to achieve our goals in crypto world and will not be able to work well.
By investing, this is one way we can complete our knowledge about crypto. Knowledge is a collection of theories and investing is a form of practice. In doing everything, in my opinion if we only understand theory it will not be enough to understand something we do "completely" if we don't do a real implementation or practice.
Someone who only masters knowledge or a theory but cannot utilize or cannot implement the knowledge they have in real practice means they are less able to utilize the knowledge they have fully.

[DaNNy001]

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

I understand your point but I think the reason for this is also attributed to the fact that they are just ignorant and don't want to involved themselves in something they are not familiar with but how do you know something when you haven't actually tried it out. Most human actually have this mentality in almost every field of their life not only with the case of buying and holding bitcoin. But just what to point out a fact here when it comes to fiat, it actually still important because bitcoin actually can do well without fiat since it's still the major source of money through out.

[AmoreJaz]

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

I understand your point but I think the reason for this is also attributed to the fact that they are just ignorant and don't want to involved themselves in something they are not familiar with but how do you know something when you haven't actually tried it out. Most human actually have this mentality in almost every field of their life not only with the case of buying and holding bitcoin. But just what to point out a fact here when it comes to fiat, it actually still important because bitcoin actually can do well without fiat since it's still the major source of money through out.

ignorance is usually the dilemma of most noncrypto users. that is true, how can you understand a specific subject if you are not actually experiencing it? however, a lot are still hesitant to touch this market, so up until now, they are indeed uninformed about this currency. but the problem is, most of these people have negative criticisms towards this market without any basis at all.

[Sayeds56]

Indeed, alongside hands on experience, having a through understanding of Bitcoin, block chain technology and market dynamics is indeed important for making an informed investment decision. understanding these fundamentals allows investors to assess the potential of its technology and its long-term prospects. Additionally, adopting various strategies such as Dollar Cost Averaging (DCA), analyzing historical price patterns and utilizing technical indicators all play important roles in managing and optimizing the cost of investment.

[Blitzboy]

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

Everyone will meet Bitcoin one day. I can summarize the situation as follows. For now, the money of those who prefer fiat money to Bitcoin is melting away against inflation every day.

What you say about information is very valuable. Because for a person who cannot buy Bitcoin, knowing about Bitcoin will take him one step forward because he will see what he should invest in and its potential.

Knowledge means power because the knowledgeable one is in the right place. He makes his choices within his knowledge. I'm not saying you won't make mistakes and everything will be perfect, but I'm saying it will be more advantageous than the uninformed.

Everyone, indeed everyone, will cross paths with Bitcoin one day. Your perspective is great, in a world where fiat money is losing its value, Bitcoin is every hope. It is indeed a shield against the relentless inflation that decreasing the value of hard-earned money

The importance of information cannot be overstressed. Those who cant buy Bitcoin now, they should at least arm themselves with knowledge about it. Knowledge about Bitcoin's potential can prepare one for future investments. Knowledge is not just power, it is a light that illuminates the path in the dense forest of financial choices

But yes, having knowledge doesnt mean one will not make mistakes, but it indeed places one in a more advantageous position than the uninformed. Your insight is a contribution to the information pool and will surely help many in making informed decisions. Cheers to a future where everyone will know and perhaps own a bit of Bitcoin

[Reatim]

I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin. My Dad is late and he left us a building which I and my siblings inherited. I rented my own apartment because I stay in a more civilized area. Whenever my tenant pays me my rent, I just keep the money in the bank and sometimes it stays there for more than six months in my account because I have a job that takes care of my responsibilities. This year when I joined this forum, after reading through topics and comments from forum users on bitcoin investment, I said to myself that it will be wise if i give bitcoin investment a trial and see how it will feel like holding a bitcoin.

you have been trusting bank for your monthly money , and now that you have read and understand bitcoin yet you are still having second thoughts?

so what have you learned from your stay here in bitcointalk?


trust crypto specially for long term than trusting bank that gives you so cheap income for years of holding.

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

but also you have read here in forum that only invest the amount you can afford to lose right?

but since those are only the amount coming from the rent and you have your own money to support your family living , then its good that all those income will be invested specially now that we are closing Bull market.

[Adams0001]

People are now more aware than ever when it comes to investing in Bitcoin. Whatever they do, they will try to keep even a small amount of bitcoins in their wallets. Because Bitcoin is not universally accepted by the government, but it is universally accepted by the public. Bitcoin is now going to be the best of all the valuable assets in the world. You have taken a good decision in both cases one is for long term investment you have started using a secure wallet and on the other hand as the market is volatile you have chosen DCA for accumulating bitcoin which can give you a big profit after a long period of time. Since you are also engaged in a job, there will be no obstacle to collect your bitcoins with your house rent ‍so definitely You will get better returns from Bitcoin than others.

Investing in bitcoin is very safe and helps us to get high profit. Many people have made a lot of money by investing in bitcoin. So if we can use this time and invest for long term it can bring us a lot of profit. But we  Most of the time if we invest bitcoin for small girls then we can't profit. To get more muna we have to invest for long term. Investing bitcoin is profitable very safe.

I agree, know investment that is safe than Bitcoin accept you don't have knowledge on it, is not like another platform that you will put your fund and crash, and run with your money is the best investment you don't have to worry about it, Bitcoin investment just need patience and you will get huge profit when you keep it for a long term, is good you have a source of income you won't depend on your house rent you make a good decision then not leaving the money in bank, It is better that you invest in it to double your profit because the market is volatile and the price fluctuates You will not be concerned about your investment, because you have a source of income already, Since Bitcoin is not governed by any government it is safe because they have no authority over it.

[JayJuanGee]

.......after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

When it comes to investing into bitcoin, people with more discretionary income are advantaged over people with less discretionary income - however, even people with low levels of discretionary income can end up passing up people with higher levels of discretionary income because they choose to invest into bitcoin and an overwhelming majority (something like 99% of the worlds population) is not even investing into bitcoin, so there are a lot of people over which any of us can get advantage when we are investing into bitcoin and they are either not investing or they are going to start investing into bitcoin at a much later date than some of us earlier adopters.. and even starting out now, you are not too late.

[Ruttoshi]

.......after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

I agree with you, bitcoin investment don't need a huge capital, because it is not real estate or gold investment that needs one that is not rich to keep saving for sometime before he can buy. Like @JJG said, 10% of your income is cool to invest in bitcoin, as long as you know that it is worth it.

Anyway, I wouldn't blame those that haven't invested yet but have the knowledge of bitcoin, because having the knowledge of bitcoin doesn't mean that you have the knowledge of investing. Bitcoin knowledge and the knowledge of investing are two different things, let me take it as an excuse.

I want to use myself as an example, I am not earning big, but I took advantage of some financial opportunities that came my way and used the money to invest in bitcoin because I have already made up my mind that I will use 10% for monthly DCA, which wouldn't be a problem to the monthly income I get. I have a job with low income that I was to take care of myself but as time passes by and inflation kept increasing, I saw that my income will be a mess if I continue in earning this way.

 I decided to switch into a part time job, so that I can control my own time. I has two part time jobs that the pay was 2x my previous one, and this made me had more than enough to save because I was still feeding the normal way. When I got to the forum, and decided to start my bitcoin journey, I looked for a third job, which made it more easier for me to have enough emergency cash and my up keeping funds. This way it became easier for me to invest and still keep accumulating without stress.

It is only when one don't have an income that he won't be able to invest in bitcoin the only digital gold. I was couping with my full time job then because I do collect my rent annually.

[doomloop]

The purpose of Bitcoin is not to invest...

What makes us think that Bitcoin can't have more than one purposes? It can be used as a payment method when possible since it provides seamless and decentralized payments and it can also be used as an investment asset since it is volatile and can provide significant profits on investments.

But investing in Bitcoin allows you to deal with Bitcoin directly, through buying, selling, and transferring to the wallet, and these things will make you get to know Bitcoin more closely.

A person should learn everything about Bitcoin and the market before getting involved financially. After making investments, you might earn experience but to be able to do that in a good manner, you need knowledge beforehand.

[MainIbem]

.......after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

I agree with you, bitcoin investment don't need a huge capital, because it is not real estate or gold investment that needs one that is not rich to keep saving for sometime before he can buy. Like @JJG said, 10% of your income is cool to invest in bitcoin, as long as you know that it is worth it.

Anyway, I wouldn't blame those that haven't invested yet but have the knowledge of bitcoin, because having the knowledge of bitcoin doesn't mean that you have the knowledge of investing. Bitcoin knowledge and the knowledge of investing are two different things, let me take it as an excuse.

I want to use myself as an example, I am not earning big, but I took advantage of some financial opportunities that came my way and used the money to invest in bitcoin because I have already made up my mind that I will use 10% for monthly DCA, which wouldn't be a problem to the monthly income I get. I have a job with low income that I was to take care of myself but as time passes by and inflation kept increasing, I saw that my income will be a mess if I continue in earning this way.

 I decided to switch into a part time job, so that I can control my own time. I has two part time jobs that the pay was 2x my previous one, and this made me had more than enough to save because I was still feeding the normal way. When I got to the forum, and decided to start my bitcoin journey, I looked for a third job, which made it more easier for me to have enough emergency cash and my up keeping funds. This way it became easier for me to invest and still keep accumulating without stress.

It is only when one don't have an income that he won't be able to invest in bitcoin the only digital gold. I was couping with my full time job then because I do collect my rent annually.

Even as that you still need a resrved fund that will keep you at least for months if it happens that for some while those job are no longer paying you wouldn't be that ten's to start dipping hands into your investment without securing a newer job or got another part time job as we may see it, bitcoin investment or DCA are always good to go when you have additional savings in form of cash or could usdt or any other cryptocurrency you could sell for back up without dipping hands touch your major investment.

However, investment that doesn't have a sound knowledge often end up with regret because you didn't know what you are venturing into, believe take it or you leave there were people at the earliest stage of bitcoin who didn't know what it may result didn't go into it because no sound knowledge or lemme say a basic and a futuristic understanding to know what the future of bitcoin may holds. If they had the knowledge then people would had finished it at the initial time of launch or at the beginning stages when it was less than a dollar.

[Su-asa]

.......after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Ok, I understand what you are saying, capital is the most important thing to start an investment or either business and I believe that without any job there is no where a capital that will be used for investment will come from.
So even if someone is planning to invest a total amount of $10 per week and does not have a job, that plans are waste plans, but if the person have a job he can invest with $10 or even lower amount per week.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

I get your point, expenses can hinder an investor from investing in Bitcoin, the thing there is that as long as an investor is having too much expenses and he is not meeting up he's investment plans for the week or for the month, he should just look for another job or reduce the expenses for the week so that he can meet up his plans to accumulate more coins.

When it comes to investing into bitcoin, people with more discretionary income are advantaged over people with less discretionary income - however, even people with low levels of discretionary income can end up passing up people with higher levels of discretionary income because they choose to invest into bitcoin and an overwhelming majority (something like 99% of the worlds population) is not even investing into bitcoin, so there are a lot of people over which any of us can get advantage when we are investing into bitcoin and they are either not investing or they are going to start investing into bitcoin at a much later date than some of us earlier adopters.. and even starting out now, you are not too late.

You are correct, yes I am not too late to join the investment because I already know that no body is too late to invest in Bitcoin, now that Bitcoin is in a stable price, I believe i can buy the little I can when I have the money to buy them.

[JayJuanGee]

[edited out]

It is only when one don't have an income that he won't be able to invest in bitcoin the only digital gold. I was couping with my full time job then because I do collect my rent annually.

Yearly payments can be a bit of a strange arrangement.. and perhaps a bit more difficult to manage if you might be considering ways that you invest it and you likely have various kinds of monthly expenses, and sometimes there could be some practicality to manage the spending of the rent over a year.. but that could still get us into questions of the value of lump sum investing versus DCA versus buying on dips.. and the once a year payment could end up getting divided into all three categories.. of course, within your discretion and within your own particular circumstances that include considerations of anticipated BTC price movements and also considering how many BTC (or satoshis) you had already accumulated.

It can be a bit more challenging and even in needs of creativity when managing such low frequency cashflows ... ..

Do you like it like that set up?   Are you in any kind of a position to change the set up? 

Might there be a way to try to set it up with more frequency, such as twice a year?

I know sometimes if you are receiving payments once a year, then you are probably being paid in advance.. but I suppose a contract (or custom) could be written (carried out) either way... and another thing if there is a kind of standard in the area that everyone likes to follow, then it might become more difficult to change such custom practices.

.......after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Ok, I understand what you are saying, capital is the most important thing to start an investment or either business and I believe that without any job there is no where a capital that will be used for investment will come from.
So even if someone is planning to invest a total amount of $10 per week and does not have a job, that plans are waste plans, but if the person have a job he can invest with $10 or even lower amount per week.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

I get your point, expenses can hinder an investor from investing in Bitcoin, the thing there is that as long as an investor is having too much expenses and he is not meeting up he's investment plans for the week or for the month, he should just look for another job or reduce the expenses for the week so that he can meet up his plans to accumulate more coins.

When it comes to investing into bitcoin, people with more discretionary income are advantaged over people with less discretionary income - however, even people with low levels of discretionary income can end up passing up people with higher levels of discretionary income because they choose to invest into bitcoin and an overwhelming majority (something like 99% of the worlds population) is not even investing into bitcoin, so there are a lot of people over which any of us can get advantage when we are investing into bitcoin and they are either not investing or they are going to start investing into bitcoin at a much later date than some of us earlier adopters.. and even starting out now, you are not too late.

You are correct, yes I am not too late to join the investment because I already know that no body is too late to invest in Bitcoin, now that Bitcoin is in a stable price, I believe i can buy the little I can when I have the money to buy them.

Sometimes people buy bitcoin because they believe that the price will go up and then so they are using money that they actually need to pay their expenses, but if the BTC price goes up, then they can pay some (or all) of those expense from their bitcoin investment.

I personally believe that it is risky to be investing money into bitcoin that you are going to need in the next 4 years or so.  In other words, it seems to me to be a better practice to invest into bitcoin with money that you do not need, and maybe you will not need that money for 4-10 years.. and maybe you keep investing small amounts with new money, and so 4-10 years later you can look at how your investment has been building, and some of the money that you put in will have been older money and some will have been newer money, and hopefully over the years you are able to increase your small investment amount (such as $10 per week) to be larger and larger amounts, such as $100 or more per week....

Yet no matter how much you invest into bitcoin, whether small amounts or larger amounts, you should be able to get advantages from allowing that build 4-10 years or longer.. but maybe even putting aside such small amounts on a regular and ongoing basis that you may well not really notice it, even if it takes a long time to build up.  ..... $10 per week seems like a really small amount, but over 10 years, you end up investing $5,200.. and if you are able to do $100 per week, then over 10 years you have invested $52k.. which surely adds up to a decent amount of money invested...even if the dollar is likely to continue to go down in value more and more and the dollar may well ONLY be worth less than half as much as it is currently after 10 more years of being debased (and irresponsible policies in regards to being able to preserve its value).