Buy Buy Buy or Sell Sell Sell?

[Tamaperdana]

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

I agree with you if you want to be able to carry out investments well on Bitcoin then we must have some sources of income to be able to maintain the assets in the long run because if the income we have hanay enough for needs is certainly not possible to run the investment because it takes a time that is not a short time to produce profits from the investment.
When someone wants to survive in the long run, it will certainly be very good in using the DCA method because they can always buy consistently according to their abilities after fulfilling all the needs they need because it will be very unlikely to survive if the necessary needs have not been fulfilled properly.

I think this is quite clear, because if you think logically, how can someone who does not have discretionary income comfortably invest in bitcoin. Because the name of the investment will definitely be held in the long term, so it is certain that the money used must really use cold money. because if not, the first thing that might have an impact is that you will sell your bitcoin faster, which is caused by pressing needs. That is why investing in bitcoin is really required to use cold money or what is called discretionary income. Because it is useful for the smooth running of our investment in bitcoin. So if for example you don't have discretionary income, I think don't enter the realm of bitcoin investment yet. Because basically your money management, or your cash flow system is not yet qualified. So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

[Ricardo11]

People should never think about the emergency funds could be used for their investment in future. But rather people should think about using this fund for emergency situation like to cover their finances if they experience situation where they lose their income and other health emergency situations.

That's why this fund should be not touch since this could save them on actual emergency cases that might happen to them in future. Better for people to forget about this fund and use their discretionary income for investment just like what they currently do on Bitcoin.

The decision to invest with an emergency fund is a completely wrong decision, the main purpose of an emergency fund is to provide financial security in unexpected situations, but what will you do if you face an unexpected situation after investing with this fund? You can never say that you will never face an unexpected situation. Unexpected situations are normal, so if you spend the emergency fund on other things, your financial security will be weakened. And when you need money, at that time you will have no other option but to sell your holdings, as a result you will have to face losses. That is why, keeping the emergency fund aside, you should invest only that money, which even if lost, will not have any impact on your daily life. An emergency fund is your financial security, so if you remove financial security, you will have to face financial disaster.

[Proty]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

[IceLincoln]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Exactly! That has always been one of my mottos “start first, then you can grow”. Whatever you intend to do take that bold step first coz knowledge without practice is worthless. Bitcoin investments is something you do with your discretionary money, and it’s something you can start with as low as $10(a good number of people can afford that)  and grow from there, as you gather more knowledge you can expand/increase your investments.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

[Zanab247]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

It will not make your accumulating long before you will start experiencing lack of finance because you need to have the money with you when planning to have other sources of income that will make the accumulating of BTC easy for you in the industry. I believe you know people don't just start doing all those things for nothing, and is not affecting their investment because they have a budget for smoking, clubbing and other things.

The most important thing is to make sure you are financial buoyant before involving yourself in accumulating strategy because there are some stage you will get to, it will be difficult for you to continue buying BTC base on some other things that may require finance attention.

[Tonimez]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Exactly! That has always been one of my mottos “start first, then you can grow”. Whatever you intend to do take that bold step first coz knowledge without practice is worthless. Bitcoin investments is something you do with your discretionary money, and it’s something you can start with as low as $10(a good number of people can afford that)  and grow from there, as you gather more knowledge you can expand/increase your investments.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

One thing about bitcoin investment is the decision to start. Many people are who are not into bitcoin investment so far depends on some factors like having the knowledge of bitcoin existence and also knowing that anyone can actually invest in bitcoin. Many people don't need to learn the step by step approach in bitcoin investment before investing. There's no border line to how much you can invest.

Investing with $10 is not bad but also understand that many beginners prefer starting below that. You can't assume that everyone would have up to $10 since not even all who has it would be willing to invest it even when it's their discretionary income. When introducing a beginner, you won't go as high as suggesting a $10 dollar starting amount. Let him know anyone can invest with any amount little above $1 and watch him even investing high above that.

Humans need no push, even when you're pushing them to success. When he sees you are not impulsive, he can invest as much as possible while you ensure he doesn't go beyond his discretionary income.

[Rabata]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

[JayJuanGee]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund.

I think that the first step is getting started buying bitcoin. It is not a good idea to spend several months building up an emergency fund prior to investing into bitcoin.

Many folks may already have 2-6 weeks of back up cash, so they likely are able get started investing in bitcoin right away.

Sure there are some folks who have really messy finances that need to be fixed, yet it surely can be feasible to fix the various financial issues while investing into bitcoin, and so the main thing is just knowing if they have any discretionary income or not.  As long as the amount coming in is greater than the expenses, then that is discretionary income.

The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.

The person/investor who does not have any bitcoin does not have anything to protect.  There is likely a preference to get some bitcoin and to build various aspects of cashflow management, including back up funds and an emergency fund while investing into bitcoin.  And, yeah in the beginning of a bitcoin investment, there may be some needs to learn a lot of things and to get used to putting money into bitcoin with perhaps goals to keep investing into bitcoin for 4-10 year or longer.

Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment.  Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

You are a bit ambiguous in what you are saying, yet there is no need to build the emergency fund prior to getting started, and one of the most important things in bitcoin is to get started, and to learn along the way and during the path of investing into bitcoin... whether we would be starting to invest into bitcoin with $10 to $100 per week or some other amount.

[edited out]

This makes me remember when I started my Bitcoin investment a few years back. I had nobody to educate me about having an emergency fund alongside my Bitcoin investment. Due to this lack of knowledge, any amount that came into my hands at that time, I would quickly invest in Bitcoin.

However, a situation arose where I urgently needed money to solve a problem. I looked for any means to get the money but found no other option than to sell some of my Bitcoin all because i don't have emergency funds. The crazy thing at that moment was that the Bitcoin market price was down, so I ended up selling some of my Bitcoin at a loss. It really pained me seriously.
From that moment, I started taking emergency funds very seriously. I made it a habit to not only top up my Bitcoin investment but also consistently add more money to my emergency fund. Since then, my Bitcoin investment has been going smoothly. So emergency funds is important and every inveator need it for smoothy invest plans.

The longer that we invest into bitcoin, then the more we should be able to develop a variety of strong cashflow management practices that includes making sure that we have emergency funds that are more fixed (not to be tapped into absent actual emergency) and then another category of funds (reserve funds) that can have some flexibility in terms of being tapped into. The concept of cash float money is that there might be money that we have in our accounts that are already dedicated for various expenses that are coming later in the month (or prior to our anticipated receipt of our next paycheck), so we should not be planning to spend from our float, unless the float amount ends up being greater than the expenses, so then once we know that the float amount exceeds the expenses (which should frequently be the case), then that money becomes availalbe to put in to our reserve amounts or to invest into bitcoin.

Once we build our emergency fund up to a period of 3 months-ish, we likely would not have to put more money into that emergency fund, except for changes in the cost of living or any changes in our ideas about how much we should have in that fund.  Surely if we spend from our emergency fund, then we would need to replace that money right away, yet I imagine situations in which we never tap into our emergency fund for 20-30 years or more the emergency fund never gets tapped into since other reserve funds would be used first if there were any unexpected expenses, so it would end up being rare if we somehow ended up having to tap into our emergency funds. 

So, once our emergency fund is established and deemed sufficient, we are not adding to it.. and we are liberated by having it.

[edited out]

I think this is quite clear, because if you think logically, how can someone who does not have discretionary income comfortably invest in bitcoin. Because the name of the investment will definitely be held in the long term, so it is certain that the money used must really use cold money. because if not, the first thing that might have an impact is that you will sell your bitcoin faster, which is caused by pressing needs. That is why investing in bitcoin is really required to use cold money or what is called discretionary income. Because it is useful for the smooth running of our investment in bitcoin. So if for example you don't have discretionary income, I think don't enter the realm of bitcoin investment yet. Because basically your money management, or your cash flow system is not yet qualified. So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

You are correct, that it is not possible to invest without discretionary income, and discretionary income can be increased by increasing income and/or by cutting expenses.

Sure it is possible to have some inconsistent income and expenses that cause periods in which discretionary income is not available, yet a person could still have cashflow management systems and back funds that continue to allow an ability to invest into bitcoin, yet as you mentioned Tamaperdana, guys need to be careful since they are going to need discretionary income in the future if they use money that is in back up funds and they actually currently do not have any discretionary income.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

In order to have better chances of benefiting from possible compounding value effects, most people should be planning to invest into bitcoin for 10 years or longer.  Sure there could be cases in which 4-10 years is sufficient based  on age and/or health considerations, but most people should be aiming to invest into bitcoin for 10 years or longer.

[edited out]

One thing about bitcoin investment is the decision to start. Many people are who are not into bitcoin investment so far depends on some factors like having the knowledge of bitcoin existence and also knowing that anyone can actually invest in bitcoin. Many people don't need to learn the step by step approach in bitcoin investment before investing. There's no border line to how much you can invest.

Investing with $10 is not bad but also understand that many beginners prefer starting below that. You can't assume that everyone would have up to $10 since not even all who has it would be willing to invest it even when it's their discretionary income. When introducing a beginner, you won't go as high as suggesting a $10 dollar starting amount. Let him know anyone can invest with any amount little above $1 and watch him even investing high above that.

Humans need no push, even when you're pushing them to success. When he sees you are not impulsive, he can invest as much as possible while you ensure he doesn't go beyond his discretionary income.

Sure there are possibilities to invest in amounts lower than $10, but it does not seem practical to be talking about amounts lower than $10... but yeah, people have to figure out what they are able to do and to invest into bitcoin within their own parameters of how much discretionary income that they have.  $10 already seems like quite a low amount, including considerations about how to transfer it and from where to hold it.

[PremiumcryptoHub]

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

In this case it is somewhat clear that, if we want to hold on to Bitcoin investments for the long term, so the first step is to start buying Bitcoin regularly as soon as possible. If you are starting to invest in Bitcoin, give the highest priority to discretionary income in the initial stages. We use the reserve fund only when various unexpected emergency topics and expenditure are needed. In fact every smart person may remove some money for themselves so they can fill the unexpected emergency things properly.

Honestly people who still have discretionary income may not face any challenges. By initially starting with discretionary income, people will be able to gradually learn more as they gain more experience.

[GIF-JOBS]

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

In this case it is somewhat clear that, if we want to hold on to Bitcoin investments for the long term, so the first step is to start buying Bitcoin regularly as soon as possible. If you are starting to invest in Bitcoin, give the highest priority to discretionary income in the initial stages. We use the reserve fund only when various unexpected emergency topics and expenditure are needed. In fact every smart person may remove some money for themselves so they can fill the unexpected emergency things properly.

Honestly people who still have discretionary income may not face any challenges. By initially starting with discretionary income, people will be able to gradually learn more as they gain more experience.

A new investor should first acquire general knowledge about Bitcoin and develop the habit of buying regularly. And for this regular buying, he needs to know what Bitcoin is and learn to ignore market fluctuations. Because the one who gets scared of market fluctuations will never be able to buy consistently.

However, the importance of an emergency fund is certainly much greater, because it will protect your holdings in unexpected times. I think that even if you have a prudent income, you should keep an emergency fund, because even if you don't give much importance to the emergency fund at first, when you don't have it with you at the right time, you will understand the real importance of the emergency fund.

However, in any case, you need to plan your investment in such a way that you can maintain your holdings in the long term. If investors can stay focused on their long-term goals by ignoring short-term market fluctuations, then they can achieve significant success in the future.

[Fara Chan]

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

What you said is also a very good idea for novice investors in Bitcoin who are still struggling to be able to invest regularly in Bitcoin, it is indeed very necessary to avoid spending money that is not important in their lives as long as the habit can be abandoned without having a mental burden. Because from some of the habits you mentioned, they are habits that often spend money uselessly, so it would be very good if the money used for this was used routinely into Bitcoin investments. Meanwhile, other income must be continuously worked on, especially if it is a daily job in collecting money so that some of it can be used to buy Bitcoin so that the number of Bitcoins in the portfolio can increase over time.

[Innocant]

A new investor should first acquire general knowledge about Bitcoin and develop the habit of buying regularly. And for this regular buying, he needs to know what Bitcoin is and learn to ignore market fluctuations. Because the one who gets scared of market fluctuations will never be able to buy consistently.

Yes and this post could have been like Buy Buy Buy No Sell Sell . If anyone thinking to invest in Bitcoin they should not have worry to sell. If you are thinking to sale and gaining some quick profit then he should not buy Bitcoin in first place.

Now a days memecoin is roaring to it's sky and when a newbies sees that by investing here he could have grab some huge cash and earn money they fall this trap. People always look for quick cash.

We should able to see the bigger picture. Only then we can invest in bitcoin properly

[POPOLUV]

A new investor should first acquire general knowledge about Bitcoin and develop the habit of buying regularly. And for this regular buying, he needs to know what Bitcoin is and learn to ignore market fluctuations. Because the one who gets scared of market fluctuations will never be able to buy consistently.

Yes and this post could have been like Buy Buy Buy No Sell Sell . If anyone thinking to invest in Bitcoin they should not have worry to sell. If you are thinking to sale and gaining some quick profit then he should not buy Bitcoin in first place.

Now a days memecoin is roaring to it's sky and when a newbies sees that by investing here he could have grab some huge cash and earn money they fall this trap. People always look for quick cash.

We should able to see the bigger picture. Only then we can invest in bitcoin properly

With this your post you are advicing or tell us to make use of buy the dips and hodl!, I thank you so much for points, I know that the topic of this thread is catched buy buy buy and sell sell sell, i came to understand that this buy buy buy and sell sell sell  doesn't justify that you should buy Bitcoin and sell immediately no, once you buy buy buy buy and you make use of dips and hodl! In long term investment, since you buy buy buy buy the needs or time for you to sell sell sell sell sell will surely reach because anything that has beginnings will surely have ending as far as you make use of long term investment and buy dips and hod!

[bitzizzix]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

[Stormisover]

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

In this case it is somewhat clear that, if we want to hold on to Bitcoin investments for the long term, so the first step is to start buying Bitcoin regularly as soon as possible. If you are starting to invest in Bitcoin, give the highest priority to discretionary income in the initial stages. We use the reserve fund only when various unexpected emergency topics and expenditure are needed. In fact every smart person may remove some money for themselves so they can fill the unexpected emergency things properly.

Honestly people who still have discretionary income may not face any challenges. By initially starting with discretionary income, people will be able to gradually learn more as they gain more experience.

A new investor should first acquire general knowledge about Bitcoin and develop the habit of buying regularly. And for this regular buying, he needs to know what Bitcoin is and learn to ignore market fluctuations. Because the one who gets scared of market fluctuations will never be able to buy consistently.

However, the importance of an emergency fund is certainly much greater, because it will protect your holdings in unexpected times. I think that even if you have a prudent income, you should keep an emergency fund, because even if you don't give much importance to the emergency fund at first, when you don't have it with you at the right time, you will understand the real importance of the emergency fund.

However, in any case, you need to plan your investment in such a way that you can maintain your holdings in the long term. If investors can stay focused on their long-term goals by ignoring short-term market fluctuations, then they can achieve significant success in the future.

If say a new investor should first acquire general knowledge about Bitcoin it may sound cumbersome to comprehend because when you say generaly knowledge it might conprises of so many things than compared to saying that a new investors should first acquire a basic knowledge of Bitcoin and start their investment as they will be learning more in the process.

How about we say that we should take advantage of the short term market fluctuations instead of saying we should ignore them? Though I understood your point.

[Tungbulu]

I think this is quite clear, because if you think logically, how can someone who does not have discretionary income comfortably invest in bitcoin. Because the name of the investment will definitely be held in the long term, so it is certain that the money used must really use cold money. because if not, the first thing that might have an impact is that you will sell your bitcoin faster, which is caused by pressing needs. That is why investing in bitcoin is really required to use cold money or what is called discretionary income. Because it is useful for the smooth running of our investment in bitcoin. So if for example you don't have discretionary income, I think don't enter the realm of bitcoin investment yet. Because basically your money management, or your cash flow system is not yet qualified. So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

You are correct, that it is not possible to invest without discretionary income, and discretionary income can be increased by increasing income and/or by cutting expenses.

Sure it is possible to have some inconsistent income and expenses that cause periods in which discretionary income is not available, yet a person could still have cashflow management systems and back funds that continue to allow an ability to invest into bitcoin, yet as you mentioned Tamaperdana, guys need to be careful since they are going to need discretionary income in the future if they use money that is in back up funds and they actually currently do not have any discretionary income.

Indeed, when it comes to investing in Bitcoin, the importance of having a discretionary income can never be overemphasized. And you’re absolutely right, one can potentially increase their discretionary income either by increasing their income or reducing/decreasing their expenses. When one has a financial cushion, it provides one the freedom to be able to invest while also taking calculated risks, which can be seen as a pretty great way of growing one’s wealth and finances overtime.

When one’s income and expenses are inconsistent, it becomes very difficult and challenging to invest consistently, but when there’s a very solid cash flow management system as well as Emergency and other backup funds in place, it becomes pretty easy to be able to mitigate these fluctuations as well as other unplanned situations that may likely arise in the future or potentially disrupt one’s ability to consistently invest and manage their investments, even when there’s an irregularity in your income.

Just as you mentioned, it’s very important to be very very cautious about investing with one’s backup funds during the absence or scarcity of the discretionary income as this could potentially cause a financial strain on the investor. Yes, when an investor normalizes periodically dipping into their backup funds (especially the emergency funds) in the absence of a steady income stream may result to serious financial inconsistencies and strain in the long run, and that’s why it’s crucial to strike a balance between maintaining a very solid financial foundation today and investing for tomorrow.
Yes, it’s not that easy to find this balance, as it requires discipline, patience and carefully planning your finances. But it’s possible to create a solid foundation for Bitcoin investment and also achieving our long term financial goals by prioritizing discretionary income, effectively paying maximum attention in cash flow management and also maintaining a solid backup fund.

[JayJuanGee]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

[Odohu]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I think people are mistaken that range you recommended for the right time to sell even when it should be a range should expect to see significant growth in their Bitcoin value and not necessarily a time to sell, this being how I understood it. Most people buy Bitcoin today and next day they want to see it double or let's say rise significantly but when that does not happen, they feel bad and sometimes are prompted to sell and leave especially when they put money they cannot leave in Bitcoin for a long period of time. However, if such person can hold for at least 4-10 years, then the chances that they would have seen their Bitcoin appreciate so much, base one what we have seen about the market cycle occasioned by Bitcoin halving of 4 years. The 10 years in the range covers two cycles and the more the number of cycles an investor holds, the higher the chances of seeing significant growth in the investment. I think this is my understanding of the 4-10 years suggestion. If I missed something or made a mistake, kindly correct me.

[Gost ms]

So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

Before you start investing, you need to find a stable source of income. If you have a stable source of income, then you don't have to worry much about your investment. If you have a stable source of income, whether weekly or monthly, you will get money after a certain period of time. In that case, you don't have to worry about investing money at the right time.

If you want to invest, if you don't have a stable source of income, then you may face many types of disasters. For example, if you buy at a certain time, if you don't have money at that time, you may not be able to buy, etc. You may face many other dangers. But if you have a stable source of income weekly or monthly, then you can buy at the right time.

While making an investment decision, you need to decide on a few more things, which are reserve fund and emergency fund. After starting investing, you need to create an emergency fund and a reserve fund. You don't have to sell your holdings in the event of an unexpected financial disaster. You can protect yourself by taking money from your emergency fund or reserve fund.

[Rabata]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

Most people buy Bitcoin today and next day they want to see it double or let's say rise significantly but when that does not happen, they feel bad and sometimes are prompted to sell and leave especially when they put money they cannot leave in Bitcoin for a long period of time. However, if such person can hold for at least 4-10 years, then the chances that they would have seen their Bitcoin appreciate so much, base one what we have seen about the market cycle occasioned by Bitcoin halving of 4 years. The 10 years in the range covers two cycles and the more the number of cycles an investor holds, the higher the chances of seeing significant growth in the investment. I think this is my understanding of the 4-10 years suggestion. If I missed something or made a mistake, kindly correct me.

There are some investors who invest in Bitcoin with a misconception from the beginning. They think that investing in Bitcoin means a get rich quick scheme. With this misconception, they invest money that they cannot afford to lose. Some try to invest in Bitcoin even though they know that they will not be able to hold it for a long time. For those investors, I will say that Bitcoin does not guarantee any profit. There is no guarantee that we will be able to profit from Bitcoin investment even if we hold it for a long time. But yes, if we are able to see a few Bitcoin cycles, then there will be a possibility of getting profit from the investment.

What the investor needs to do for this is that he must have an idea about whether he has discretionary income or not before investing. If he has discretionary income, then he will be able to invest for the long term. Especially by doing DCA, he can be able to create a large portfolio of Bitcoin. But if he does not have such income, then he will be hindered from investing in Bitcoin at any time. I must agree that the longer the investment is held, the greater the chances of profit. Halving occurs every four years, there is a possibility of a big rise in the price of Bitcoin. Considering a minimum period of 4 to 10 years or more, there will definitely be a possibility of getting good returns from the investment.