Buy Buy Buy or Sell Sell Sell?

[MainIbem]

Your right the market isn't going to wait for anymore that isn't ready yet or that hasn't concluded the decision of investing in Bitcoin. By the way, Bitcoin doesn't wait for anymore,it continues to grow without getting supports from anywhere. And by the time he is ready,the price of bitcoin wouldn't be the same as the last time he met it but they will still be room for him to start as long as he has a Discretional income to start buying for the long term. The only difference is that,he will be buying bitcoin a bit higher but it doesn't matter because he is right on time.Bitcoin is still growing and haven't come close to his peak, that's accumulating bitcoin consistently from his discretional income and Hodl for the Long term will give him good profits in return.

That's the more reason why people shouldn't priotise buying the dip only, since the market has no patience in waiting for any investor and while some investors are waiting for downtrend it could do otherwise cause it's very volatile and unpredictable and the more the demand for it the more it’s price tend to go higher, well since it's now a very realiable asset to invest for the future, it's has proven so, therefore more people especially the rich folks and organizations are in serious demand of the coin thereby making the price to keep going up over time, so it's more better to join those who accumulate it continuously and hold for the future and get better return when the prices goes higher than this.

[Promocodeudo]

Your right the market isn't going to wait for anymore that isn't ready yet or that hasn't concluded the decision of investing in Bitcoin. By the way, Bitcoin doesn't wait for anymore,it continues to grow without getting supports from anywhere. And by the time he is ready,the price of bitcoin wouldn't be the same as the last time he met it but they will still be room for him to start as long as he has a Discretional income to start buying for the long term. The only difference is that,he will be buying bitcoin a bit higher but it doesn't matter because he is right on time.Bitcoin is still growing and haven't come close to his peak, that's accumulating bitcoin consistently from his discretional income and Hodl for the Long term will give him good profits in return.

So is there anyone that thinks that they market will wait for them in the first place and which decision will they be making, mate some people will never come up with a conclusion even though you give them 20years from now, Bitcoin market is a smart one as such that why is been controlled by volatility, with the little experience I have or the little I have known humans, some people are very much indecisive, they will never come up with good decision and instead of them to say that they are procrastinators they keep deceiving themselves, even though Bitcoin price keeps upsuriging a determined person will still buy because he won't be thinking about the present rather he will center his mind in the future knowing fully well that he's laying foundation for the future, for me I think what matters in Bitcoin investment is starting first and being committed to your course of investing by being consistent irrespective of the amount you investing with hence you can top up as soon as your source of income appreciates.

[Churchillvv]

You don't need a steady income to buy bitcoin.  All you need is discretionary funds to be able to invest in bitcoin, yet of course it is much more difficult to determine that you have discretionary funds if you don't have a steady income or if you are not sure from where your next pay is going to come or how your much it is going to be.

This is where it gets a lot of people confused yet, you JayJuanGee has explained it better.

Put differently, steady income is not the base of an investment instead discretionary income is, perhaps guys could have steady income yet it’s not able to fix one’s bills complete for guys to have a discretionary income out of it, hence guys could be earning once in two months yet being able to have a discretionary income so having a steady income in terms of salary doesn’t necessarily means you will be able to have a discretionary income.

Furthermore, however guys earn their income, being able to set out part of the income for expenses (necessary) and after that what ever is left after putting outside emergency funds that will be able to cover 3 to 6 months depending on individual hence discretionary income is what is left and can be used to buy bitcoin, therefore guys will be able to hold for a long term since they have everything set out to cover them for some time hence gambling or trading your holdings wouldn’t be an option.

[MusaPk]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Edit: My point is that if we don't have spare cash from our salary or can't spare any money from our salary then we must try to generate extra income by working extra (like doing freelancing). That extra money can be used to buy Bitcoins.

[sotelorene]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Please don't complicate things, we don't accumulate Bitcoin through discretionary income rather we accumulate Bitcoin using the DCA method or approach and discretionary income is just used for buying Bitcoin it is not necessarily an approach. And there is no approach an investor will decide to use that won't help or make them hold for long term provided they are capable and have the capacity but the DCA method is just an approach that help both rich and poor to accumulate Bitcoin and it is very convenient because you can buy or accumulate at any point of the market.

[yamin_galib]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

I don't completely agree with you on this.  Limiting Bitcoin savings to "discretionary income" seems like a good idea, but it doesn't take into account how wealth is actually made.  People that were able to save a lot of money didn't wait until they had money left over after spending it; they put Bitcoin at the top of their list of savings, insurance, or retirement accounts.  If you simply buy with what's left over at the end of the month, you probably won't ever have a big position.

So, I think the most important thing is not to avoid paying for Bitcoin, but to plan your money well.  Pay off your bills, set up an emergency fund, and then think about Bitcoin as a long-term investment.  You won't have to sell when things become rough, and you won't have to wait for "extra money" that might never come.  Being truly enthusiastic about saving requires being disciplined and making sacrifices, not just being easy.

[Merit.s]

I don't completely agree with you on this.  Limiting Bitcoin savings to "discretionary income" seems like a good idea, but it doesn't take into account how wealth is actually made.  People that were able to save a lot of money didn't wait until they had money left over after spending it; they put Bitcoin at the top of their list of savings, insurance, or retirement accounts.  If you simply buy with what's left over at the end of the month, you probably won't ever have a big position.

I don’t get your point mate. Are you saying that one shouldn't only invest with his extra funds after taking care of his monthly expenses and basic needs. That's the right money that you should use to invest into bitcoin which is your discretionary income. If you go and invest beyond your discretionary income, you are not investing but gambling because when your needs arises, you will sell those bitcoin that you bought at loss if the price is dip below your entry point.

It's not by the amount that you are using to buy bitcoin but by how consistent and persistent that you can keep your bitcoin journey ongoing for 4-10 years and above is what really matters a lot and that should be your priority when you have started your bitcoin investment and have built up your backup funds.

When you have started your bitcoin investment and you want to increase the amount of bitcoin that you are buying weekly, you should trim down your expenses and look for a second means of income in order for you to increase your discretionary income so that you can invest aggressively within your discretionary income.

Wealth is built gradually and not in one day which the DCA method has given room for the pleb to buy bitcoin gradually and build up wealth overtime with their steady bitcoin purchase every week. There's power in little beginning and little piling up before you know it, you will be surprised with the size of your portfolio in future.

[2Pizza410000BTC]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns. We have been watching the Bitcoin market, we have seen Bitcoin and analyzed it and we have seen that everyone has achieved success by investing in the long term, so every person should be aware, especially those who know about Bitcoin, should invest some of their savings or income from their jobs in Bitcoin on a regular basis, as a result, long-term investment will definitely bring a lot of success. I am planning to invest the money that comes from my small business and some of the Bitcoin that I earn every week and some of my income in Bitcoin on a regular basis, because I am not keeping any money in my domestic bank at the moment because banks in my country are very risky.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

[7juju]

I quite agree with some of the things you said here, but the angle were I have little disagreement with you is were I highlighted in your post. I'm having troubles trying to figure out what you mean by "bitcoin keeps updating every single day" What updating are referring to please? Does it mean that the knowledge that were applicable in bitcoin investment few years ago are no longer valid or applicable today?

He could have said. Tick tock next block.

Bitcoin is updating every 10 minutes - and verifying the transactions (and the whole blockchain) every 10 minutes... but yeah, POPOLUV was not very clear in regards to what he meant.

Yeah that's true he left his argument open without being specific on the direction he was talking about,that got me confused and I it made me wondered what he was talking about. Maybe he should be more specific next time so that the people reading his posts won't be confused and induced another meaning into it.

[Proty]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns. We have been watching the Bitcoin market, we have seen Bitcoin and analyzed it and we have seen that everyone has achieved success by investing in the long term, so every person should be aware, especially those who know about Bitcoin, should invest some of their savings or income from their jobs in Bitcoin on a regular basis, as a result, long-term investment will definitely bring a lot of success. I am planning to invest the money that comes from my small business and some of the Bitcoin that I earn every week and some of my income in Bitcoin on a regular basis, because I am not keeping any money in my domestic bank at the moment because banks in my country are very risky.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

I think you are getting something wrong here the fact that you are investing in bitcoin doesn't mean it is bad to have money in the bank or at home. Discretionary income is what you are supposed to invest with, i believe not all the money that is saved in the bank that is discretionary income. An investor can decide to keep his emergency funds in the bank, aside this there are countries were you can't transact with bitcoin. So it isn't a bad idea if people decide to save some part of there money other than discretionary income in the bank.

[Showlove01]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns. We have been watching the Bitcoin market, we have seen Bitcoin and analyzed it and we have seen that everyone has achieved success by investing in the long term, so every person should be aware, especially those who know about Bitcoin, should invest some of their savings or income from their jobs in Bitcoin on a regular basis, as a result, long-term investment will definitely bring a lot of success. I am planning to invest the money that comes from my small business and some of the Bitcoin that I earn every week and some of my income in Bitcoin on a regular basis, because I am not keeping any money in my domestic bank at the moment because banks in my country are very risky.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

I think you are getting something wrong here the fact that you are investing in bitcoin doesn't mean it is bad to have money in the bank or at home. Discretionary income is what you are supposed to invest with, i believe not all the money that is saved in the bank that is discretionary income. An investor can decide to keep his emergency funds in the bank, aside this there are countries were you can't transact with bitcoin. So it isn't a bad idea if people decide to save some part of there money other than discretionary income in the bank.

You are absolutely correct, the only money that should not be in bank is discretionary income so that it can enable  an investor initiate or buy Bitcoin whenever there's dip and they want to take advantage but keeping emergency funds in the bank is not bad because it will be easy to access whenever emergency arises and reserve funds and some other funds can be kept in the bank too but if not for safety I prefer keeping or holding this funds with myself, because these banks sometimes can stress someone.

[Emjay24]

By the way, Bitcoin doesn't wait for anymore,it continues to grow without getting supports from anywhere.

Bitcoin is a community driven project and as such needs the community support for it to continue growing, newer investors joins the community and it has an effect on the price. Without the community, Bitcoin is nothing, so I wouldn't agree with you that it grows without getting support from anywhere.

The Bitcoin community is made up of people who value decentralization and censorship resistance and who engaged in it both as a hedge against inflation and investment opportunity and this provides some of the backing that Bitcoin needs to keep growing. Bitcoin is the future of money and the more it's adaptation, the more the support it needs to continue growing increases.

[HajiBagi]

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns. We have been watching the Bitcoin market, we have seen Bitcoin and analyzed it and we have seen that everyone has achieved success by investing in the long term, so every person should be aware, especially those who know about Bitcoin, should invest some of their savings or income from their jobs in Bitcoin on a regular basis, as a result, long-term investment will definitely bring a lot of success. I am planning to invest the money that comes from my small business and some of the Bitcoin that I earn every week and some of my income in Bitcoin on a regular basis, because I am not keeping any money in my domestic bank at the moment because banks in my country are very risky.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

What some people need to know is that savings in the bank never add anything to your savings account, so instead of saving money in the bank, it will be better to invest it in bitcoin and expect a good profit in return by holding for a long time. Investing in bitcoin and holding for a long term is very easy for those that understand, to buy bitcoin is not about having a complete money, it is about trusting the process of what you are doing and having some knowledge about, how to use the method of accumulating bitcoin through DCA method and hold for a long term.

As you plan to put all your money into bitcoin, make sure you are properly prepared and set your goals of holding for a long period because many individuals fail to keep their bitcoin when they have financial troubles. Do not invest with all your money because of the profit you are going to get.

[Makus]

.

You can also get started without understanding it all

Dude let's say you're a teacher for instance, can you tell your students to write exams without preparing to an extent for the exams, I guess the answer is no, let's then relate this to bitcoin investment, if I understand you very well, were you trying to say newbies or intending investors should start up their investment without preliminary knowledge which is the basic knowledge we talk about here now and then, do you feel that there no reason for the basic knowledge, man if you think so then you don't understand the reason for the basic knowledge, you don't just jump into what you don't espacially when it has to do with investment such as bitcoin, there are little things you need to know not too hyper but basics to enable you start first and other extensive or further knowledge can come later and I believe that's how things are suppose to be done.

What is this basic knowledge that you proclaim is needed?  I doubt that your exam analogy is very fitting. 

Why cannot a beginner to bitcoin just adjust his position size to be smaller while he is getting started and getting more familiar with bitcoin and perhaps to increase his position size as he becomes more familiar and more knowledgable about bitcoin, to the extent that he believes that his greater familiarity justifies increasing his bitcoin position size?

As simple as that not something you should stress yourself with. First time wait for no man and as time goes that’s how prices changes . As a newbie that’s really interested in bitcoin investment I don’t see any reason why you need any complex knowledge before going in .

There’s time for that (to know about bitcoin more) you can choose to know the basic first which is where to buy , how to buy and secure your assets. Then as time goes you may choose to expand your knowledge more as you accumulate it will literally make things more fun though and you do both

A lot of people overcomplicate Bitcoin at the start, thinking they need to know every single detail before they even make their first move..   But the truth is, time really does not wait for anyone, and the earlier you start, the better your position in the long run..  Even learning along the way feels more natural once you already in the game..

Like you said, the basics, how to buy, where to buy, and how to keep your Bitcoin safe, are more than enough to begin with.

[Stormisover]

I have not heard about this bullish accumulation of a thing and it is sounding like being passionate to accumulate Bitcoin against all odds. I hope I'm wrong but the right way to invest in Bitcoin is always with discretionary income to avoid a situation where you will have to sell Bitcoin to meet your basic needs, which is not a good thing to do. Even  though you may not have meet your accumulation goal in terms of the quantity of Bitcoin in your portfolio, it will be better to imbibe consistency than to rush the process since with time you will definitely meet the target. In other words, the concept of slow and steady wins the race.

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns. We have been watching the Bitcoin market, we have seen Bitcoin and analyzed it and we have seen that everyone has achieved success by investing in the long term, so every person should be aware, especially those who know about Bitcoin, should invest some of their savings or income from their jobs in Bitcoin on a regular basis, as a result, long-term investment will definitely bring a lot of success. I am planning to invest the money that comes from my small business and some of the Bitcoin that I earn every week and some of my income in Bitcoin on a regular basis, because I am not keeping any money in my domestic bank at the moment because banks in my country are very risky.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

Investing from our discretionary income has been the conception in majority of our discussions, putting values in Bitcoin is a good thing as a way that we can have a financial freedom, it makes us to be in charge and in control of our money but this money should be the money that we are not going to be needing in a short time and that is another reason we will be needing our fiat system especially for our short term expense while saving in Bitcoin for the future time, any money kept in the bank for too long loses it value to inflation and why we have Bitcoin that is not manipulated like that fiat.

[ejikeme24]

Your right the market isn't going to wait for anymore that isn't ready yet or that hasn't concluded the decision of investing in Bitcoin. By the way, Bitcoin doesn't wait for anymore,it continues to grow without getting supports from anywhere.

Alot of people seems to be mistaken bitcoin investment to those Investments that always make room for everyone to invest whenever they feel like, I don't mean to say that there's a perfect time for bitcoin investment. What I'm trying to say is that since bitcoin is highly volatile we are supposed to be attempting to invest in this current time that the price have not fly to the moon, because if we keep waiting to get all it takes before getting started it may be too late. So I think today is the perfect time to start more especially this time that the market is still facing Alot of correction, we are supposed to take advantage of this correction that is seriously going on to buy aggressively as we can without overdoing it. Because if you're still waiting for the market to go  dipper then you may likely meet the price in a high value.

[Scarlett_23]

You can also get started without understanding it all

I disagree with you that anyone can invest into bitcoin without have any knowledge of bitcoin at all. You must have the basic knowledge of bitcoin before you can start your bitcoin investment or someone is there to guide you. If you don't know anything about bitcoin, how will you know that you are invest in a long-term and that the price is volatile and you shouldn't sell in panic whenever there's a dip.

This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

I can take myself as an example, in the beginning when I heard about bitcoin due to lack of the basic knowledge of bitcoin, I thought that it's only for trading and never knew that investing in it for a long term plan is the best. I also invested in shitcoin because I don't know the difference between bitcoin and shitcoin because I didn't make any research. Anyone who wants to start his bitcoin investment must have the basic knowledge of bitcoin and increase his knowledge as he is building his bitcoin portfolio.

You don't need to have the knowledge of a school teacher to understand Bitcoin. Anyone with basic knowledge of Bitcoin and a reasonable income can invest in Bitcoin. Only those who invest and want to learn at the same time can move forward quickly.

Again, if someone wants to understand the real taste of Bitcoin, then they should not sell but buy and hold for a long time. Many people fall short of their original goal before reaching their desired goal. They sell out of fear or panic and destroy their long-cherished dream. So if you really want to invest, then you should buy Bitcoin very quickly without waiting.

[avp2306]

You can also get started without understanding it all

I disagree with you that anyone can invest into bitcoin without have any knowledge of bitcoin at all. You must have the basic knowledge of bitcoin before you can start your bitcoin investment or someone is there to guide you. If you don't know anything about bitcoin, how will you know that you are invest in a long-term and that the price is volatile and you shouldn't sell in panic whenever there's a dip.

This is the reason why a lot of people jump into bitcoin investment and think that it's a get rich quick scheme and run at loss because they fail to learn the basic knowledge of bitcoin and understand how they can plan on investing and hodli for a long-term.

I can take myself as an example, in the beginning when I heard about bitcoin due to lack of the basic knowledge of bitcoin, I thought that it's only for trading and never knew that investing in it for a long term plan is the best. I also invested in shitcoin because I don't know the difference between bitcoin and shitcoin because I didn't make any research. Anyone who wants to start his bitcoin investment must have the basic knowledge of bitcoin and increase his knowledge as he is building his bitcoin portfolio.

You don't need to have the knowledge of a school teacher to understand Bitcoin. Anyone with basic knowledge of Bitcoin and a reasonable income can invest in Bitcoin. Only those who invest and want to learn at the same time can move forward quickly.

Again, if someone wants to understand the real taste of Bitcoin, then they should not sell but buy and hold for a long time. Many people fall short of their original goal before reaching their desired goal. They sell out of fear or panic and destroy their long-cherished dream. So if you really want to invest, then you should buy Bitcoin very quickly without waiting.

It doesn't need to be in that status to think about start investing since buying then hold doesn't need any technical things since what we need to have funds and courage.

Some people got confused about that this is why they are afraid to invest on Bitcoin. Since many of them think Bitcoin is hard to learn and invest while the fact buying and simple leaving it to their wallets is enough for them to start their investment already.

Trading mindset usually confuse them, that's why they better avoid to get associated with those people telling lies and go straight to those facts on more realistic approach since for sure  holding bitcoin for long term and doing DCA would always be reliable options to do.

[7juju]

If you are accumulating Bitcoins and want to hold them for long term then best approach is to accumulate them through discretionary income. While your job salary or business income can be used to meet daily requirements. Why discretionary income is important is because it allows to dormant your Bitcoin for longer duration. Without discretionary income or if you are accumulating bitcoins with your salary then you might cash out your bitcoin in the long run, which completely destroys your plan of long term investment.

Seems you don't really know were discretionary income come from or how it is gotten. You are missing something here. It is from your salary or profit from your business that you get your discretionary income from. Discretionary income is the money that remains after you have removed money for your day to day expenditures From your salary or from the profits from your business. In nutshell it's from your salary or profit from your business that you can get your discretionary income from. So discretionary income is not another money gotten outside your salary or profit from business.  

[Bigjoe33]

Those who have discretionary income should invest some of their income in Bitcoin, especially there are many people who save the money earned from their jobs in the bank or at home, now instead of saving this money in the bank at home, if they invest through Bitcoin, it will be the most successful and will get much higher returns.  Apart from that, the benefits that Bitcoin offers are many times greater than the benefits that banks offer. So why would I keep money in the bank even though I know about Bitcoin? If I keep money in the bank, it would definitely be very foolish.

Bitcoin offers alot financial benefits, no doubt, but I want to state categorically that everyone must not invest in Bitcoin, yea! Been part of Bitcoin investment and or an accumulator of Bitcoin depends on two factors, which are:

*Knowing about Bitcoin in the first place, having at least a basic knowledge about Bitcoin and what it represents and
*Having interest to acquire it.

Those who do not know about Bitcoin will not be a part of the accumulation because you can only be part of what you know. But on the other hand, if you already know about Bitcoin, do you have interest in investment or accumulation of Bitcoin? Because I believe it's your interest that pushes you to invest. So we cannot really blame or fight a business man who knows about Bitcoin but has no interest to invest in it to do so, it's all choices and personal decisions, it's there own money after all. So I see INTEREST as a major factor to investing. So a man who maps out his income, handles his basic necessities and then creates his discretionary income and alorts for Bitcoin accumulation is really working on interest and priority, but a man who chooses to leave his discretionary in local acounts may not necessarily be foolish but may just lack interest in whole Bitcoin accumulation stuff,  and shouldn't be scorned for his own personal decision, after all, there are other investments one can do apart from Bitcoin, yea. We only speak of Bitcoin so much well because its value is top notch and it's has proven over the years that it a stock of value and a financial liberator in the future.

Talking about keeping money in the bank, you can't necessarily keep all your money in BTC, because you may need your emergency funds to settle something immediately, and such emergency funds should be something you can access immediately and must not be loosing value over time, else you miss out on the aim why had the emergency funds at the first place. So yea, the banks are not completely ruled out. You can still accumulate your Bitcoin and also have some funds in banks for other reasons simultaneously.

I think you are getting something wrong here the fact that you are investing in bitcoin doesn't mean it is bad to have money in the bank or at home. Discretionary income is what you are supposed to invest with, i believe not all the money that is saved in the bank that is discretionary income. An investor can decide to keep his emergency funds in the bank, aside this there are countries were you can't transact with bitcoin. So it isn't a bad idea if people decide to save some part of there money other than discretionary income in the bank.

You are correct and that's the misconception people often have. Because we are talking about accumulation of Bitcoin and savings and the possible benefits we can get from such accumulated Bitcoin in the future, some now feels like we are totally Rulling out the services of the banks. They forget that it is not all the discretionary we are using for the accumulation. Some discretionary goes for building our emergency funds which is also very necessary and or a backbone to our successful long term investment plan. So, at this point, should I also keep my emergency funds in Bitcoin too? And my other back up funds, all in Bitcoin? Hell no, because it wouldn't be the right thing to do. If we also keep the emergency funds in Bitcoin, that means we have altogether invested all your income in Bitcoin accumulation and we know the doom it spells. Banks are still needed for other pretty cash work and access while we consistently accumulate Bitcoin on the other hand.