Buy Buy Buy or Sell Sell Sell?

[Futurexxx]

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.

The problem most Bitcoin investors have is that they thinks that Bitcoin price will always do their bidding, by dropping to their desired level they feel ok to buy, not knowing that they are not in control of the market, and as such, anything is possible, so in other to get past the volatility that most Investors are troubled about, they should just buy and accumulate regardless of it current price, because in the future their is a higher chances of Bitcoin going up to a million dollar, so waiting for a dip before buying is not a good idea because in the future this current price that it is right now will looks very cheap, so acting now that it's still pretty early is the best thing all Bitcoin Investors should do  now in other not to miss out on this golden opportunity.

As for being aggressive towards your Bitcoin accumulation, it's a good practice if you are doing it within the confinement of your discretionary income, anything other than that is a very big error that may land the said person into a serious financial troubles in the future.

[Tmoonz]

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.  

Hahaha so funny of him with his narration and I saw that jayjuanGee has already given him an sMerit for such post, infact what he was saying was completely out of the line and it kept me wondering how a discretionary income generation stands on it's own if not gotten from either your job salary or business after the basic needs expenses has been taken care of, I can't stop laughing on reading that post, some time I wonder how members grow up to a certain extend and still be making some kind of statement, to me it shows that he doesn't even know what he was actually saying and what it stands for but is fine we learn every day.

[Tonimez]

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.  

Some people still struggle to understand the real meaning of discretionary income and its source. Discretionary income can come from any source that involves an income. Salary is a regular source of income in the sense that it is nearly fixed and regular. From there you can be sure of what your next pay is and plan accordingly and from there, no matter how little it is, with the problem cashflow management, the person can be able to generate a discretionary income from there with which he invests in bitcoin.

Secondly, business profit is also a near regular source of discretionary income. But one thing about business profit as source of discretionary income is that it is not usually fixed even though it may have a range within which it always falls into. This source can also allow a person to get a discretionary income and plan his bitcoin accumulation strategy.

However, there could be other sources of discretionary income which could come from a contract job. Here it is difficult to analyse your real discretionary income because you don't have any fixed period before which you are sure to get another contract. For contract workers, it takes high level of financial discipline to raise a discretionary income. Some could channel all their money into the backup funds claiming that they are not sure of when next they can get a contract to sustain their bills.

More so, There are some people who have more than one source of income and they specifically decide to use of offer the income sources as a discretionary income. This means that they may use up their entire earnings from one of their income sources on their responsibilities while leaning on their second income source as discretionary income from there they generate their backup funds and emergency funds and also invest a percentage of it. This therefore means that it is also possible to generate your Discretionary income from having an additional source of income.

[Edited out]

Hahaha so funny of him with his narration and I saw that jayjuanGee has already given him an sMerit for such post, infact what he was saying was completely out of the line and it kept me wondering how a discretionary income generation stands on it's own if not gotten from either your job salary or business after the basic needs expenses has been taken care of, I can't stop laughing on reading that post, some time I wonder how members grow up to a certain extend and still be making some kind of statement, to me it shows that he doesn't even know what he was actually saying and what it stands for but is fine we learn every day.

I believe Jayjuangee merited him because he is not completely wrong and also because he actually shifted the interest of investors from the regular sourcing of discretionary income from the basic income source into bringing our mind to also sourcing discretionary income from additional income source. To an extent, sourcing discretionary income from additional source of income is more stress-free because it allows you to use your major income source to tackle family problems.

Let's take for example, most people signed to campaigns also have other jobs they do out there but most people basically invest in bitcoin from their campaigns. This does not mean that some people don't invest beyond their campaigns but it shows how your additional source of income could be a strict source of discretionary income with which you can invest in bitcoin and maintain your DCA approach.

[IceLincoln]

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.

I think you don’t understand bitcoin investment  @Yamin… you’re suggesting we plan for bitcoin alongside our basic needs, which is wrong cause there might be some complications and some needs might be left unattended. For any investment it’s important to use discretionary cause you don’t know the future inasmuch as you would want to profit from your investment but it’s not without risks so anything can happen, in order not to be under pressure when investment dips or emergencies arise, you’re advised to use discretionary money (which is money left after basic needs).! And to have an emergency and reserve funds while investing to sustain your investment for the long term.

People that were able to save a lot of money like you said didn’t do that by using the money meant for expenses to save, they did it with their discretionary money. It’s the consistency in the practice that counts not putting all your weekly or monthly earnings into the investment or savings and then have to struggle or beg to survive for that period. Folks can decide to cut down on expenses to increase their discretionary money.
You should do well to really understand what discretionary money is!.

[Qhunman]

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.

Your post is quite complicating and can be misleading to newbies too You re sounding as if your discretional income is derivated else where if not from your salary. Your discretional income is gotten from your salary after meeting your personal needs. When you start using your salary or your business income to accumulate bitcoin then your no longer investing but gambling with your bitcoin investment which will eventually ruined all your investments. Better ways,using our discretional income to accumulate bitcoin is the appropriate approach towards a long lasting Bitcoin investment.

[Joy- maker]

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.

I think you failed to understand that your discretionary income comes from your salary or from the money you make from your business. And I found this your comment above confusing, because I don't see any reason why you said that our discretionary income should be use to accumulate bitcoin, while our salary and  money coming from our business should be used for settling our basic needs and expenses, and you forgot that our discretionary income from those two source. Instead say that will should only accumulate bitcoin with our discretionary income and not with money meant for settling our basic needs and expenses.

[Cgrexp]

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.

There is a lot of debate about whether one should start after learning or start before learning. However, I think that neither just starting nor theoretical knowledge is enough alone. Just as sitting around acquiring theoretical knowledge is a waste of time, jumping in blindly is dangerous. The most effective approach would be to invest consciously, where I will continue to invest and learn at the same time. Many people see Bitcoin as a way to get rich and they are the ones who lose the most.
A person who does not know much about Bitcoin. Seeing that the price of Bitcoin is increasing, everyone is buying it, he thought it was an opportunity to get rich. So he also bought $1000 Bitcoin. After a few days, it fell by 10%-12%. He got stressed and panicked. He did not understand whether this was a normal price fluctuation or an indication of a big loss. As a result, he sold it out of fear. Although he lost because of his own mistake, But he thinks,' Bitcoin means loss'.  There are many people who do not know anything, do not understand, do not invest in the right way without a plan and end up losing money and ultimately blame Bitcoin.
But another person who acquired basic knowledge about Bitcoin and similarly decided to continue learning and investing. . He started investing $50 per week in the DCA method. Even though the market fluctuated, he did not panic because he knew that this was normal. In addition, since the average purchase price was stable in the DCA method of investment, he did not have to think much about the price. In this way, he is learning a lot about Bitcoin along with investing. He has kept his average investment price under control. He has remained calm and continued his investment consistently even during market volatility. The reasons for his success in the long term are that instead of investing big, he started small and continued to learn and invest simultaneously so that neither is stuck for the other. He has maintained the mentality of learning patiently and investing for the long term without falling victim to FOMO.
From the example of these two, I basically want to say that it is necessary to have some basic ideas before investing, but you should not miss the opportunity to wait to learn.  Start with small amounts consciously and continue investing while learning, so that the risk is limited, the stress is low, and the learning speed is based on real experience. And this experience is more effective than learning from books. In this, DCA plays an important role. I think DCA is not only an investment strategy, it is also the most effective way to learn. In this, a new investor can gain experience with small amounts, observe the market in reality, get the opportunity to understand his emotions, and step by step, both investment and education can be taken forward together.

[MainIbem]

...

I think you failed to understand that your discretionary income comes from your salary or from the money you make from your business. And I found this your comment above confusing, because I don't see any reason why you said that our discretionary income should be use to accumulate bitcoin, while our salary and  money coming from our business should be used for settling our basic needs and expenses, and you forgot that our discretionary income from those two source. Instead say that will should only accumulate bitcoin with our discretionary income and not with money meant for settling our basic needs and expenses.

From his statement you could understand that he has an idea but still got some little misunderstanding concerning how the discretionary fund is generated, atleast he knows that investing on Bitcoin should be done with the discretionary fund which is very important, it's good you brought to his notice that the discretionary can be generated from his salary or a business so when next he's discussing about the discretionary he'll know the appropriate things to say, we learn everyday and I believe he's learnt about that and taken the necessary corrections which is what this thread and the forum in general is all about for those who are here to learn and add to their knowledge about Bitcoin.

[MCVXYZ]

The money we earn on a daily, weekly or monthly basis is stable income.

I’m not suggesting that someone must be financially stable before they can invest in Bitcoin. The most important is having a source of income, because without it, there is no way you can set aside a discretionary income. If you don’t have money left after covering your needs, you will face difficult challenges in your investment journey. You might miss some chances just because of other expenses. But sometimes it is not about how stable your income is, but about how you balanced yourself with your investment.

The money that is left after meeting our basic or urgent needs such as food, clothing, housing, education, medical expenses from stable income is discretionary income. From this discretionary income, we build investments, emergency funds and savings.

You can build both savings and an emergency fund while investing in Bitcoin, but it all depends on how you manage your money. Discretionary income is the money left after paying for other expenses. If someone is not financially stable at all, it will be difficult to save, invest, and build an emergency fund at the same time. But at the end, everything will work out on how we manage our discretionary income.

The most important thing is that when you start thinking about other financial problems or expenses, you deviate from the strategy you’ve developed for executing your portfolio/trading. In such cases, the strategy becomes crucial. By strategy, I also mean risk management, capital, and when you have to deviate from this strategy, the emotional aspect comes into play, and your focus shifts not to your strategy but to life’s moments

[7juju]

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.  

Hahaha so funny of him with his narration and I saw that jayjuanGee has already given him an sMerit for such post, infact what he was saying was completely out of the line and it kept me wondering how a discretionary income generation stands on it's own if not gotten from either your job salary or business after the basic needs expenses has been taken care of, I can't stop laughing on reading that post, some time I wonder how members grow up to a certain extend and still be making some kind of statement, to me it shows that he doesn't even know what he was actually saying and what it stands for but is fine we learn every day.

Actually the young Man has an idea f what discretionary funds is, and what it should be used for. He was only confused on how discretionary income is gotten. He was thinking it was another funds gotten elsewhere, that was why I took my time to address him in my previous post. So I believe it was on that ground that jayjuanGee merited him, I  could be wrong though. But since his idea on how to utilise discretionary was correct, and he also talked about removing money for personal and family necessities before investing with discretionary funds, he is still on the right track, that's just how I see it. So I believe jay know what he's doing.

[Gallar]

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.

Yes, it's undeniable that there are still some, and perhaps many, people who complicate things before investing in Bitcoin. Perhaps these people are typical of perfectionists, and that's why, when they invest in Bitcoin, they need to understand the details before jumping in. I think this kind of behavior can be a waste of time. Investing in Bitcoin is essentially simple. We just need to know how to buy it and how to store it in our wallet. What's even more unique is that investing in Bitcoin doesn't require the hassle of reading news related to it, like stocks or other assets. Basically, investing in Bitcoin is simply buying, holding, and that's it. So, in reality, there's nothing complicated about investing in Bitcoin.

[Promocodeudo]

From his statement you could understand that he has an idea but still got some little misunderstanding concerning how the discretionary fund is generated, atleast he knows that investing on Bitcoin should be done with the discretionary fund which is very important, it's good you brought to his notice that the discretionary can be generated from his salary or a business so when next he's discussing about the discretionary he'll know the appropriate things to say, we learn everyday and I believe he's learnt about that and taken the necessary corrections which is what this thread and the forum in general is all about for those who are here to learn and add to their knowledge about Bitcoin.

Yes of course we keep learning and relearning but it becomes a problem when someone is been corrected without such person taking correction.
Since the peron involved understands how necessary it is to invest in Bitcoin with discretionary income, I believe he will find the several heads up here about how discretionary income came gotten, you know one thing I love about this thread is that once any is lacking in ideas or will I say steps to be taken to be safe without pressure while investing in Bitcoin, several advise and suggest will come up in a shortest interval and before you could know it @JayJuanGee will teach the person with the words that an ordinary man will understand, I keep saying it i learnt many things from @JayJuanGee and those things has been helpful to me, sorry for deviating, let's learn and extends the knowledge to others here and in real life and let's not forget to continue buying and hodling for a long-term which is the main focus.

[MusaPk]

I think you failed to understand that your discretionary income comes from your salary or from the money you make from your business. And I found this your comment above confusing, because I don't see any reason why you said that our discretionary income should be use to accumulate bitcoin, while our salary and  money coming from our business should be used for settling our basic needs and expenses, and you forgot that our discretionary income from those two source. Instead say that will should only accumulate bitcoin with our discretionary income and not with money meant for settling our basic needs and expenses.

Let me rephrase what I was trying to say. We have a monthly income that comes from salary or through some kind of business. If we utilise that income for accumulating Bitcoins, then we might not maintain consistency in accumulating Bitcoins because salaries are not increased in accordance with inflation rate.

What we need is a constant stream of income that goes straight into Bitcoin and that stream can be income generated either from signature campaign or through some other part time job. In this way, our monthly income can be used for our daily living while the extra money we generate goes straight into accumulating Bitcoins. In this way we can maintain consistency in accumulating Bitcoins and also hold them for long duration like 10 years or more.

[ruykeri]

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.

Yes, it's undeniable that there are still some, and perhaps many, people who complicate things before investing in Bitcoin. Perhaps these people are typical of perfectionists, and that's why, when they invest in Bitcoin, they need to understand the details before jumping in. I think this kind of behavior can be a waste of time. Investing in Bitcoin is essentially simple. We just need to know how to buy it and how to store it in our wallet. What's even more unique is that investing in Bitcoin doesn't require the hassle of reading news related to it, like stocks or other assets. Basically, investing in Bitcoin is simply buying, holding, and that's it. So, in reality, there's nothing complicated about investing in Bitcoin.

It does not take much time to acquire basic knowledge before investing in Bitcoin. However, many people take time to understand the right way to invest or start investing without understanding it properly, resulting in losses in the future. Before investing in Bitcoin, it is necessary to understand the right way to invest and think long-term about how to manage that investment. As a result, the chances of investment success increase.

If someone studies the nature of Bitcoin's price fluctuations and its growth rate in the past, he will understand that he will have to invest for a long time. He should invest for a minimum of 4 to 10 years.After this, the price of Bitcoin fluctuates in the short term. No One can make accurate predictions about when the price will be low or high. If he understands this, he wil not wait for the investment when the price DIP. He will not use Bitcoin like a gamble by investing in a short term. As a result, he will be able to invest by following the DCA method as the right decision. After this, the issue is that the investment is done for a long time. Many types of financial problems arise in daily life. In daily life, in order to solve such problems, he will form an emergency fund and reserve fund, as a result, he will be able to solve the problem without selling any bitcoins, as a result, he will be able to continue investing for a long time.

[Finebone]

I think you failed to understand that your discretionary income comes from your salary or from the money you make from your business. And I found this your comment above confusing, because I don't see any reason why you said that our discretionary income should be use to accumulate bitcoin, while our salary and  money coming from our business should be used for settling our basic needs and expenses, and you forgot that our discretionary income from those two source. Instead say that will should only accumulate bitcoin with our discretionary income and not with money meant for settling our basic needs and expenses.

Let me rephrase what I was trying to say. We have a monthly income that comes from salary or through some kind of business. If we utilise that income for accumulating Bitcoins, then we might not maintain consistency in accumulating Bitcoins because salaries are not increased in accordance with inflation rate.

What we need is a constant stream of income that goes straight into Bitcoin and that stream can be income generated either from signature campaign or through some other part time job. In this way, our monthly income can be used for our daily living while the extra money we generate goes straight into accumulating Bitcoins. In this way we can maintain consistency in accumulating Bitcoins and also hold them for long duration like 10 years or more.

As long as you have a salary coming in, you can always remove your discretionary income out of it, but if the salary is small to the extent that you can't have a discretionary income after all basic needs have been met, then it's mandatory that you look for another source so as to have a discretionary income left after all expenses have been made, because it's only through your discretionary income you invest in bitcoin, if you don't have a discretionary income and you went ahead to invest with whatever funds in your hand, it's pure gambling that may likely not end well because when the needs for the funds used to invest arises, you are bound to  sell prematurely even at a loss most times, so as to meet up to that pressing needs the money is meant for, so investment outside your discretionary income is not the best way to invest in bitcoin.

[SmartCharpa]

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.

Sure, many people usually have this idea when they are starting investment, they think it’s very necessary to have everything perfect before they can invest. But it doesn’t make sense that way, because the time we are wasting trying to get everything perfect to invest, we can at least use it to invest and feel among those who are already holding Bitcoin. There is no point in learning without experiencing how it feels to hold Bitcoin. We can start with the little knowledge we have, just to experience it, and from there we will also learn how to keep our investments safe.

Moreover, while we are holding, we can also learn how to control our emotions during the dip. We will learn how to hold and keep accumulating. As long as we understand the risk involved, invest money we don’t need anytime soon, and have the patience to hold while the market goes up and down, then we are good to go to invest. No need to wait for anything else.

[Merit.s]

We just need to know how to buy it and how to store it in our wallet.

In the beginning, you might not even think of learning about wallet because since you are using DCA to buy bit by bit, you can store your bitcoin with a third party like exchange so that you can continue accumulating it in the exchange and continue reading and learning which self custody wallet is suitable for you to move your bitcoin into when the amount have increased to $500 and above. This will enable you manage your UTXO proper for the future in order to avoid paying very high transaction fees for too many small small UTXO of $50 dollar each.

Knowing a good exchange to open an account with and buy bitcoin from there is the what is necessary. Another thing is figuring out your discretionary income and knowing the amount that you can be using to buy

What we need is a constant stream of income that goes straight into Bitcoin and that stream can be income generated either from signature campaign or through some other part time job. In this way, our monthly income can be used for our daily living while the extra money we generate goes straight into accumulating Bitcoins. In this way we can maintain consistency in accumulating Bitcoins and also hold them for long duration like 10 years or more.

What if you have a discretionary income from your monthly salary, are you saying that you wouldn't invest with it as someone that does not have another means of income. Everything is a gradual process because if you already have a discretionary income, you shouldn't wait and start looking for a second means of income but start investing right away so that, as you are investing, you can be looking for a second means of income to increase your discretionary income for aggressive buying.

[bitzizzix]

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.

Sure, many people usually have this idea when they are starting investment, they think it’s very necessary to have everything perfect before they can invest. But it doesn’t make sense that way, because the time we are wasting trying to get everything perfect to invest, we can at least use it to invest and feel among those who are already holding Bitcoin. There is no point in learning without experiencing how it feels to hold Bitcoin. We can start with the little knowledge we have, just to experience it, and from there we will also learn how to keep our investments safe.

Moreover, while we are holding, we can also learn how to control our emotions during the dip. We will learn how to hold and keep accumulating. As long as we understand the risk involved, invest money we don’t need anytime soon, and have the patience to hold while the market goes up and down, then we are good to go to invest. No need to wait for anything else.

Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.

[Joeboy]

The money we earn on a daily, weekly or monthly basis is stable income.

I’m not suggesting that someone must be financially stable before they can invest in Bitcoin. The most important is having a source of income, because without it, there is no way you can set aside a discretionary income. If you don’t have money left after covering your needs, you will face difficult challenges in your investment journey. You might miss some chances just because of other expenses. But sometimes it is not about how stable your income is, but about how you balanced yourself with your investment.

The money that is left after meeting our basic or urgent needs such as food, clothing, housing, education, medical expenses from stable income is discretionary income. From this discretionary income, we build investments, emergency funds and savings.

You can build both savings and an emergency fund while investing in Bitcoin, but it all depends on how you manage your money. Discretionary income is the money left after paying for other expenses. If someone is not financially stable at all, it will be difficult to save, invest, and build an emergency fund at the same time. But at the end, everything will work out on how we manage our discretionary income.

The most important thing is that when you start thinking about other financial problems or expenses, you deviate from the strategy you’ve developed for executing your portfolio/trading. In such cases, the strategy becomes crucial. By strategy, I also mean risk management, capital, and when you have to deviate from this strategy, the emotional aspect comes into play, and your focus shifts not to your strategy but to life’s moments

‎I really don't get where you are heading at, Are you now trying to say that we shouldn’t think about our financial problems or expenses? Well if that's what you mean, I don’t think that’s possible, because real life emergences/situations are unavoidable 
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‎That is the reasons  why having an emergency fund is very crucial to our Bitcoin investment journey. An emergency fund is the money you keep aside for unexpected things like hospital bills, car repairs, medical bills etc. Hving your emergency funds makes it more easier to stick to your investment plan without deviating like you said or even breaking your Bitcoin investment anytime an unexpected situation arises
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And the good thing is you don’t need to secure your emergency funds all at once. You can simply build it slowly, and  over time it grows and germinates into being your safety net.  With it you basically don’t neeed to touch your investment money whenever problems arises.

[yixichloro2xx]

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.

Sure, many people usually have this idea when they are starting investment, they think it’s very necessary to have everything perfect before they can invest. But it doesn’t make sense that way, because the time we are wasting trying to get everything perfect to invest, we can at least use it to invest and feel among those who are already holding Bitcoin. There is no point in learning without experiencing how it feels to hold Bitcoin. We can start with the little knowledge we have, just to experience it, and from there we will also learn how to keep our investments safe.

Moreover, while we are holding, we can also learn how to control our emotions during the dip. We will learn how to hold and keep accumulating. As long as we understand the risk involved, invest money we don’t need anytime soon, and have the patience to hold while the market goes up and down, then we are good to go to invest. No need to wait for anything else.

Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.

many people jump into Bitcoin only after hearing about others making profit, they often skip the first and most important step which is understanding what Bitcoin really is. Without that foundation, it is easy to get carried away by hype and lose focus when the price moves in ways they did not expect. Knowing from the start that Bitcoin is a long term tool for preserving and growing wealth makes it easier to stay disciplined through cycles.

Of course, the earlier someone builds this understanding, the more time they give themselves to accumulate steadily and learn along the way. The journey itself adds experience that strengthens conviction, and that conviction is what separates those who keep stacking from those who sell too early. Long term goals are only achievable if they are backed by knowledge and patience, not just excitement over profit.