Buy Buy Buy or Sell Sell Sell?

[Hardyrobust]

Your example is very realistic. The main thing is to invest in Bitcoin but how you generate your discretionary income for that is the key. Discretionary income is very important and we need to create an emergency fund so that it can be used to meet necessary expenses as well as for dip purchases and does not affect our lifestyle.

What is really wrong with you guys? You have been in this forum for sometime now, even far longer than I have,  yet you still don't know the function of emergency funds... For your information it's is wrong for you to use your emergency funds to buy the dip no matter how enticing that dip must be... Emergency funds are untouched funds meaning that they are funds which are specifically set aside and then left alone until an emergency occur.. This emergency could be sudden medical bills, loss of income, or any other emergency that occurs unexpectedly when you didn't plan for them to happen...

That's one funny thing about some person, they hardly learn and also there are people that learn at a very slow rate . It is also possible that not everyone that is in this forum is actually here to learn . So you shouldn't be surprised with what you are seeing.
The main reason for setting/ having an emergency funds is to attend to emergency whenever they crop up in the future since no-one is certain of the future. It is unwise for an investor to use emergency funds for buying the dip because no investor can tell when emergency will come knocking on there door, so depleting there emergency funds will only leads to tempering with there bitcoin instead of increasing it by continuous buying.

[Obulis]

[Edited out]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

I  agree with you on that, surely there are some people that have a lot of bills on their table and sometimes after sorting those bills they will be left with nothing especially those that doesn't have a well paying job, but if I were in their shoes, I will look for a different job maybe  per time job and still add it together with the current job so I can meet up my expenses  and my Bitcoin investment but it is funny to see that most people have a lot of responsibility yet they can't even work hard to enable them figure out their expenses and their discretionary.

Very hard reality how some people can't fix their financial responsibilities. But sometimes it is not usually a matter of not working hard, location difference is a major factor. Some people have work really very hard where they found themselves but some inabilities usually come directly from failed economy, under failed economy hard work doesn't usually have commensurate results and this makes it difficult for a lot of people to invest in Bitcoin or keep up consistently.

[red4slash]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

What do you mean by essential needs here? Basic needs that must be met every month?

Investment will not interfere with anything as long as you can manage your finances properly and keep in mind that investing does not mean we have to take from the fund needs that must be met every month but it comes from discretionary funds so that it will not interfere with your expenses in meeting the needs of life because the funds we invest are just funds that we have set aside from the rest of the needs of life that we will do every month.
So this will not interfere with anything but it will be a different story if you can not manage well your needs so that your income and expenses become uncontrolled so you can not do anything including to invest because we have poor management in income and expenditure.

[Baki202]

[Edited out]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

I  agree with you on that, surely there are some people that have a lot of bills on their table and sometimes after sorting those bills they will be left with nothing especially those that doesn't have a well paying job, but if I were in their shoes, I will look for a different job maybe  per time job and still add it together with the current job so I can meet up my expenses  and my Bitcoin investment but it is funny to see that most people have a lot of responsibility yet they can't even work hard to enable them figure out their expenses and their discretionary.

Very hard reality how some people can't fix their financial responsibilities. But sometimes it is not usually a matter of not working hard, location difference is a major factor. Some people have work really very hard where they found themselves but some inabilities usually come directly from failed economy, under failed economy hard work doesn't usually have commensurate results and this makes it difficult for a lot of people to invest in Bitcoin or keep up consistently.

Fixing is very hard and the good thing now is that when you have interest in fixing your financial predicament you need to look beyond the problem, because working hard does not guarantee you are going to be wealthy and people are even becoming more smarter all the information they need is for them to key into what is currently trending understand what you need and then from there you can actually make more plans, now that we have different assets in our disposal like crypto currency that can help change a lot of things from what am see now we need to understand very well before any other action is taking because you can not take action for what you don't understand, the whole thing need to be understood before buying the dip or even considering doing DCA.

[Bigjoe33]

Your example is very realistic. The main thing is to invest in Bitcoin but how you generate your discretionary income for that is the key. Discretionary income is very important and we need to create an emergency fund so that it can be used to meet necessary expenses as well as for dip purchases and does not affect our lifestyle.

My dear, this is completely out of point and can be very misleading for newbies like you in the forum.  You don't buy bitcoin with your emergency funds or buy the Dip with it, no way! Just like the name implies, the emergency funds is meant to tackle or handle emergency situations that may arise as you journey in your acculturation period. Of course, we can't predict when emergencies might show up, like an accident, sudden illness etc, that may require emergency attention and will require money, and that's when you can dip into your emergency funds. And note, this is done to ensure that you don't tamper with your investment or even get tempted to tap from it when financial needs arises. So that's why the emergency funds should be readily available and kept in as easily accessible form to ensure quick interventions. Buying the Dip with your emergency funds will completely out your investment at risk of loosing it when emergency situations shows up and you have no emergency funds to handle it.

[LGD2Business]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

[Hardyrobust]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

The point here is not about the amount but rather if the discretionionary income or spare amount. This is what is needed to start investing in bitcoin so if don't have Discretionary income then you are not to invest in bitcoin using money that is meant for your monthly expenses. So this people are right because they are supposed to have Discretionary income before they can buy bitcoin. The $5 you made mention of, if it is not discretionionary income then you are not supposed to used it to buy bitcoin because when the need arise you may fall back to your bitcoin holdings.

[Renampun]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

Their mistake is thinking they need a lot of money to start investing in Bitcoin, but they don't realize that with their small amount of money, they can slowly accumulate Bitcoin, and over time that investment will become their wealth. what's important is their consistency in allocating their discretionary income and not selling too quickly, they need to hold it for the long term and let it grow, as they build wealth for their future, and that investment will undoubtedly become something that can empower them in the future.

[Muba20]

you cannot say for sure that there is no possibility of any risk or loss in investing through the DCA method because bitcoin is a highly volatile asset that means the price is unstable and we cant also tell for sure what will be the value or price of bitcoin in the long run. so i think such statement could be misleading because nothing is a guarantee in bitcoin investment, not even profit is guaranteed because if you say there is no possibility of loss what you are indirectly saying is that you are guaranteed of profit which i think is also a misleading one.

Bitcoin is not risk free, DCA method of buying bitcoin does not make it risk free but rather it was designed to enable investors to not to feel the impact of the risk associated in bitcoin too much, it helps to mitigate or reduce the risk associated with bitcoins volatility as you are investing a fixed amount at regular intervals either weekly or monthly basis depending on when your discretionary income flows, especially after you might have finished sorting out your basic financial needs.

I appreciate your comment and I agree with you that saying “no risk” is not entirely reasonable in the cryptocurrency market. However, it is also true that if we look at the historical context and examine it, it can be seen that none of those who have held DCA in Bitcoin for 4 to 5 years have suffered losses. And for this I said these words with a little bit of confidence. Again, the DCA method is much safer than a one time/lump sum investment which reduces the risk a lot. For this reason, DCA is the best and most reliable way for me. Do you think there is a better method or way than this?

Long-term investing is comfortable from a mental health perspective as it does not require looking at charts and following a strategy for a long time, which keeps you mentally stress-free. The extent of this is determined by how you manage your personal finances and make realistic decisions based on your risk tolerance and expectations. Obviously, if someone invests beyond their means, be it short-term investment or long-term investment, they can never be stress-free. So if someone adopts a long-term strategy, realistic expectations and risk management are required.

[IceLincoln]

[Edited out]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

I  agree with you on that, surely there are some people that have a lot of bills on their table and sometimes after sorting those bills they will be left with nothing especially those that doesn't have a well paying job, but if I were in their shoes, I will look for a different job maybe  per time job and still add it together with the current job so I can meet up my expenses  and my Bitcoin investment but it is funny to see that most people have a lot of responsibility yet they can't even work hard to enable them figure out their expenses and their discretionary.

nobody who is depending on only bitcoin investment it is difficult before you can see somebody who depends on bitcoin investment, before it was said that bitcoin investment is a side Hustle so it is not something that you depend on and they pay all AI bills so if you are into bitcoin investment you have to have something else to do that we support you all that will be giving you money because it can't depend on only one source of income even though bitcoin investment will give you income you can't depend on it, anyone who is investing in Bitcoin should know or should have additional thing that generate income because the profit of Bitcoin does not come as maintain and many people have come to this phone with such mindset that investing in Bitcoin will make you Rich it is not really pure but it can make you Rich when you invest with understanding

First I would like to say that before you can invest in bitcoin you must have seen, heard or known it’s benefits, having a mindset that this is an investment that will yield good profits in the future and not in a short while.
People don’t invest in bitcoin hoping to use it as a salary or means survival or sustenance. It is a means of freedom, financial independence.
It is only a Whale or shark who have reached over accumulation stage that can be said to depend on their bitcoin stash for sustenance or whatsoever.

[Solokan]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

It's true that many people think investing in BTC requires a lot of money, but in fact, you can buy BTC even with a small amount. You can buy BTC with just $5. Holding BTC long-term certainly has the potential to generate profits, but it requires patience.

So, the important thing is to start now and use the DCA technique. However, you must use discretionary income, or money you can afford to lose. Without discretionary income or money you can afford to lose, holding long-term is usually difficult. In my opinion, many of the people who are currently successful in investing in BTC used small amounts of money, so it's not too late, even if you're using small amounts.

[leo96]

Those who can afford it will invest in Bitcoin. Those who will not face any problem if they lose some money. But it is true that investing in Bitcoin does not require much money. You can start investing with a small capital and it has to be invested through DCA. We do not get immediate results by investing in Bitcoin, so we have to wait for at least 5-10 years. Then we can be profitable in BTC.

[Abelly]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

The point here is not about the amount but rather if the discretionionary income or spare amount. This is what is needed to start investing in bitcoin so if don't have Discretionary income then you are not to invest in bitcoin using money that is meant for your monthly expenses. So this people are right because they are supposed to have Discretionary income before they can buy bitcoin. The $5 you made mention of, if it is not discretionionary income then you are not supposed to used it to buy bitcoin because when the need arise you may fall back to your bitcoin holdings.

Many new investors start investing with the necessary money in the hope of quick profits and then get stressed when the market falls slightly and are forced to sell at a loss. If the investment is made with discretionary income or excess money, it is easier to tolerate market fluctuations and also creates a long-term holding mentality. It is a much safer method for investors to have an emergency fund and a clear financial plan before investing in Bitcoin.

[JayJuanGee]

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

What do you mean by a sufficient discretionary income? This can be misleading, remember you are not buying a whole Bitcoin but with DCA you can buy in fraction. For all know is that discretionary income is discretionary income regardless of whether is huge or small, how do you expect everyone financial strength to be equal and when it comes to financial capabilities hands are not and can never be equal, we don't need to have a sufficient discretionary funds before you start investing what you need is to have as small as possible to start with while planing to increase as your fiance increases too, don't wait till you have a sufficient discretionary funds, what you think is sufficient may not be sufficient for others using the one you have at your current financial situation will give you peace.

It is an individual choice regarding how much discretionary is "sufficient"

discretionary income is used for 1) investing, 2) savings (back up funds) and 3) discretionary consumption.

Which means that a person can prioritize however much he wants to each of the categories, and the mere fact that he has discretionary income seems to indicate that he can invest in bitcoin, but it does not tell him that he has to invest in bitcoin.

Guys choose, and many bitcoiners, consider that investing in bitcoin should constitute a certain portion of the discretionary income, yet other people might not agree, and that is completely their choice in regards to how they deploy their discretionary funds.

Sure.  10 years down the road, they may well have regrets if they realize that they "could have" bought bitcoin, yet they chose not to.  They will not be able to go back in time an fix their mistake.

[Edited out]

Fixing is very hard and the good thing now is that when you have interest in fixing your financial predicament you need to look beyond the problem, because working hard does not guarantee you are going to be wealthy and people are even becoming more smarter all the information they need is for them to key into what is currently trending understand what you need and then from there you can actually make more plans, now that we have different assets in our disposal like crypto currency that can help change a lot of things from what am see now we need to understand very well before any other action is taking because you can not take action for what you don't understand, the whole thing need to be understood before buying the dip or even considering doing DCA.

Hopefully,  you are not so retarded as to consider shitcoins to be the same, or similar to bitcoin, and hopefully you are mostly holding bitcoin rather than fucking around with shitcoins.

[Bd officer]

Some people say they don't buy Bitcoin because they don't have any spare income, but that's very wrong. You can buy coins even with the smallest amount of income. It might only be a few dollars, but in the long run, these small amounts grow so much that they create a snowball effect, and over the years you end up with a lot of coins. The important thing is to start as soon as possible. Do you have $5 today? Buy $5 worth of Bitcoin. Tomorrow you might have $50, so you buy $50 worth. 5 years from now, what you dismissed as just $5 today will have grown into something of significant value. The earlier you start, the better.

Also some people think that the price of Bitcoin has reached the highest level. But we can say that Bitcoin is still in its early stages. Because the price of Bitcoin will increase a lot in the future, which we cannot even imagine. Anyway those who think investing in Bitcoin needs a lot of money, I think they don't have a proper idea about Bitcoin so they should acquire proper knowledge. Already you mentioned, buying bitcoins doesn't require a lot of money, here everyone can buy using DCA method according to their ability. If a low income person continues DCA for 8-10 years according to his ability, then his investment amount will be huge.

[ruykeri]

Those who can afford it will invest in Bitcoin. Those who will not face any problem if they lose some money. But it is true that investing in Bitcoin does not require much money. You can start investing with a small capital and it has to be invested through DCA. We do not get immediate results by investing in Bitcoin, so we have to wait for at least 5-10 years. Then we can be profitable in BTC.

Bitcoin investment capital is discretionary income.Investment does not mean that you are willing to lose money, investment means that you are giving an amount of money that will not put your lifestyle or emergency expenses at risk. And that you can lock up for a long time. The most realistic thing in the case of Bitcoin is that you can keep it for 4–10 years or more. That should be your investment budget. Because the big risk of Bitcoin is not often the price going down, but being forced to sell at the wrong time.

[NewRevelation]

Many new investors start investing with the necessary money in the hope of quick profits and then get stressed when the market falls slightly and are forced to sell at a loss. If the investment is made with discretionary income or excess money, it is easier to tolerate market fluctuations and also creates a long-term holding mentality. It is a much safer method for investors to have an emergency fund and a clear financial plan before investing in Bitcoin.

Stressing all these points of creating an emergency funds and/or creating clear financial plan before one can start investing in bitcoin makes it look like starting bitcoin investment is a very big deal and very difficult thing to start. Though planing might be necessary at some stage, and building emergency funds  is very important to sustain your investment for long run,  but we must know that one major thing that is needed initially to start up your investment is your ability to figure out your discretionary income, and if this is done, then you can begin your investment immediately. This makes it easier for plebs to begin the investment journey using the DCA strategy. While investing, all other funds can gradually be put in place to ensure a safe investment process

[Futurexxx]

. Already you mentioned, buying bitcoins doesn't require a lot of money, here everyone can buy using DCA method according to their ability. If a low income person continues DCA for 8-10 years according to his ability, then his investment amount will be huge.

One key thing most low income earners don't understand while invest in Bitcoin is that consistency is their strongest power, because it is what helps in accumulating a tangible stash of Bitcoin at the end of the day.
Those $10 or $20 weekly or monthly that seems very small, can go a long way when accumulated for a period of 4 to 10 years consistently. So a low income earner can equally invest in Bitcoin consistently and be successful if he's very serious with his bitcoin investment by doing it consistently.

Additionally, while accumulating consistently, putting down emergency and reserve funds in place are paramount and very important for the survivor of his bitcoin holdings on the long term, because at a point emergency situation will always come, but as long as you have your emergency and reserved funds in place, there is no way you are going to temper with your bitcoin holding in the future.

[Tongley]

Many new investors start investing with the necessary money in the hope of quick profits and then get stressed when the market falls slightly and are forced to sell at a loss. If the investment is made with discretionary income or excess money, it is easier to tolerate market fluctuations and also creates a long-term holding mentality. It is a much safer method for investors to have an emergency fund and a clear financial plan before investing in Bitcoin.

It is true that it is very good to have a well-planned financial management before investing. But waiting to build an emergency fund is never the right way to invest. First, a person needs to start investing, after starting investing, he can create an emergency fund and other funds that are compatible with his investment. It takes a long time to build an emergency fund. If you put 3 times your income in an emergency fund, then you need a lot of time to build an emergency fund. Some people are not able to build an emergency fund even within 1 year. If a person waits for this time, he can miss out on many purchase opportunities, falling far behind the goal of building a portfolio. Building an investment and emergency fund in a balanced way will be the right decision for you.

[cyberninja2]

One key thing most low income earners don't understand while invest in Bitcoin is that consistency is their strongest power, because it is what helps in accumulating a tangible stash of Bitcoin at the end of the day.
Those $10 or $20 weekly or monthly that seems very small, can go a long way when accumulated for a period of 4 to 10 years consistently. So a low income earner can equally invest in Bitcoin consistently and be successful if he's very serious with his bitcoin investment by doing it consistently.

This often happens perhaps due to negligence on the part of someone who has done something so that aspects like those you mentioned are not a priority. Ultimately they feel disappointed with what they have taken for granted. Our strength in finding a steady income lies in consistency every time we invest with the goal of accumulating a Bitcoin stash as our final investment.

If we are guided by the small amount we do of course this is not someone who has the soul in investing because even with large amounts we do we always lack consistency but when the amount is small we as people who invest with full strength consistently every time we do it to invest so that for me they think that way is a way that will make them not go on the path to success in investing or they are still hesitant to invest in Bitcoin.