Buy Buy Buy or Sell Sell Sell?

[khiholangkang]

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

This makes more sense, because if we have a fixed or flexible income, but it's only enough to cover our needs, we won't be able to invest freely. So, we need to ensure we have enough income to cover all our needs, with some left over to allocate for investments and set aside as an emergency fund.
And what we most commonly recommend is having income from multiple sources, which we usually call discretionary income. We calculate how much we need, and from there, we can create a more mature investment plan, meaning that in the future, we won't have to disrupt our investments due to urgent needs.

That is a safe concept in investing in bitcoin, we agree about it all, but honestly there is the most extreme way that can be done, only when you fulfill your basic needs and can spare money to invest too, this is a way that can also be done only extreme because it has a big risk, What will be tested in this way is our confidence in holding bitcoin to keep holding it to the point where it gives you the benefits you deserve, because the situation of life circumstances can be overcome by many things, such as unexpected events, only a few people who have great determination can do it, you buy bitcoin after the projection of your needs is completed, no emergency funds and others.

[Silikiem]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

The most important thing I feel an investor or an aspiring investor should consider before accumulating or investing in bitcoin is to be able to know if he/she have a discretionary income to use and accumulate bitcoin. Every other thing comes secondary, what matters most is the ability to figure out a discretionary income for your bitcoin buying and investing. If you say you want to wait to consider everything including the mental preparation as you mentioned, then the person might just end up not investing because in bitcoin investment you can never get everything perfectly, you’re surely going to learn and unlearn more as you continue with your bitcoin accumulation and also be able to adjust and make important decisions along the line towards your investment growth.
Having several businesses running for you might not give you the peace of mind if at the end of the day you’re not investing with your discretionary income. Someone might have several businesses running but still can’t be able to figure out a discretionary income for his bitcoin investment , but if you’re investing with just your discretionary income, even though you don’t have several businesses running then you’ll find out that you don’t have much to worry about because this is a cash you won’t be needing anytime soon, afterwards you’ve been able to sort out your other financial obligations and equally building your emergency funds for your bitcoin investment so you don’t have to tend towards selling off your bitcoin holdings when in an emergency which requires cash to solve.

[Showlove01]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

For a beginner or newbie the only strategy I can describe as right and best is the DCA method because with it you don't need to time the market as someone can be able to accumulate at any price of the market provided their discretionary is made ready.  I disagree with you because investing in Bitcoin is easy as long you have everything figured out and under control but it will only be hard or difficult as you claim if you are don't have the above mention in place  strengthening one's portfolio with only one source of income is not also very risky as claim because before someone will want or wish to do that, they should have plans and backups in case of any challenge and it has been stated several times that having good or huge source of income doesn't mean that someone will have a good investment or success.

[laspol65]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

For a beginner or newbie the only strategy I can describe as right and best is the DCA method because with it you don't need to time the market as someone can be able to accumulate at any price of the market provided their discretionary is made ready.  I disagree with you because investing in Bitcoin is easy as long you have everything figured out and under control but it will only be hard or difficult as you claim if you are don't have the above mention in place  strengthening one's portfolio with only one source of income is not also very risky as claim because before someone will want or wish to do that, they should have plans and backups in case of any challenge and it has been stated several times that having good or huge source of income doesn't mean that someone will have a good investment or success.

Yes, if a new investor invests regularly and builds an emergency fund to sustain his investment, then it is not possible for him to face new dangers again. If he adopts a strategy, then it will be possible to keep his Bitcoin investment for a long time, an ideal investor will be able to continue investing in Bitcoin regularly on a weekly basis. Because an investor makes regular Bitcoin investments, it is easier for him to sustain it for a long time and it becomes easier for him to achieve success by investing in Bitcoin.

[Alonso_]

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

I really don’t understand what you’re talking about, but I will suggest that you know what you are talking about, I don’t believe that investing in bitcoin is hard or difficult like you just suggested if an individual doesn’t have enough discretionary income and not capital that is required, maybe when you said capital you mean a discretionary income, what right strategy are you talking about, that brings me to asking you this question have you been buying bitcoin? You can start buying bitcoin immediately with the little discretionary income that you have instead of waiting to have other incomes, you can keep working on other cashflow when you have started buying Bitcoin already, investing in bitcoin have never been risk free, so what would change when you start investing with multiple sources with your discretionary income increasing?

Just keep buying bitcoin with your discretionary income available, and when you have other cashflow and your discretionary income increases you can then still continue buying more and even become more aggressive.

You can’t perfectly time the market which is why if you’re interested in buying bitcoin you should endeavor to keep buying bitcoin immediately instead of waiting for the perfect timing.

However if you have been buying bitcoin consistently and not watching the market price and you know what you’re doing buying regularly you will have no reason to be psychologically stressed.

[Johnlomape]

For a beginner or newbie the only strategy I can describe as right and best is the DCA method because with it you don't need to time the market as someone can be able to accumulate at any price of the market provided their discretionary is made ready.  I disagree with you because investing in Bitcoin is easy as long you have everything figured out and under control but it will only be hard or difficult as you claim if you are don't have the above mention in place  strengthening one's portfolio with only one source of income is not also very risky as claim because before someone will want or wish to do that, they should have plans and backups in case of any challenge and it has been stated several times that having good or huge source of income doesn't mean that someone will have a good investment or success.

Yes, if a new investor invests regularly and builds an emergency fund to sustain his investment, then it is not possible for him to face new dangers again. If he adopts a strategy, then it will be possible to keep his Bitcoin investment for a long time, an ideal investor will be able to continue investing in Bitcoin regularly on a weekly basis. Because an investor makes regular Bitcoin investments, it is easier for him to sustain it for a long time and it becomes easier for him to achieve success by investing in Bitcoin.

Since emergency fund is need for investors to be at alert anytime they have problem to solve, this fund do help investors to maintain their investments without going back to touch the money they have used to buy Bitcoin.
People are still making mistakes these days without knowing the importance of having emergency fund ready to be disburse when unprepared billings surfaces. Those that have been investing in the crypto market appropriately will know the advantages and importance of investing and having other funds at ground so in case anything happens.

[JayJuanGee]

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price.

The fact that we can't assume that there's an investment that's 💯 guaranteed doesn't mean that investing in bitcoin doesn't have a guarantee of returns on investment. I mean, the reason why you invest in the first place and do so with a reasonable amount is because you have a level of trust that there will be a return on your investment. If you even consider a lot of the alternative asset class we have other than bitcoin, you will easily know that it's bitcoin that gives you the level of calmness that keeps you invested for the long term without being overly worried on what to do even at the time when the market is going down.

For other asset including the physical ones, people mainly buy when they see physical signs that the price will go up, if there are no signs, then they don't buy as such. But for bitcoin, at the time of DIP, you're expected to buy, at the time of bull you're still adviced to buy and when you do so for the long term, you still discover that investing regardless of the market situation is one of the best choice you can ever make.

you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

In terms of knowing what's the best thing to put your money into, there's no big deal about it. You already know that the goal at the end of the day is so you can be at a good profit region and so, even if others are afraid if buying bitcoin probably because they feel that now is not the best time to buy your bitcoin, you can still go on to do what you want because at whatever time you buy your bitcoin, you're still not late into it.

The best that you can do is to guarantee the various aspects of your own inputs, and even some of your own execution risk might be beyond your control and/or expectations.

We can also look at various debasements of fiat and say those behaviors are hard to stop, and so those behaviors cause upwards pressures on bitcoin's price, and bitcoin is scarce (even though its scarcity is manipulated too).  You can bet on probabilities, yet the outcome is not guaranteed there are too many unknowns, even if a lot of the knowns are pointing towards ongoing upward pressures on bitcoin's price.

You can guarantee that you are going to put anywhere between 10% to 25% of your income into bitcoin as your income comes in, and you can work your ass off to make sure that your income keeps coming in, and even that your income is high enough to cover your expenses, and those are execution risks.  There are also execution risks in the ways that you secure your  coins and make sure that you have ways to cash out your coins in case all of the exchanges get shut down... yet of course, they are not going to get shut down, right?  right?  That would be dumb, since bitcoin is not jurisdiction specific, so you might have to scramble to figure out other ways to use your bitcoin, and to find some peers, yet maybe the peers are scared to use bitcoin?  Surely, you have some brave peers, no?  And, your peers should be demanding to interact with you using bitcoin, right?

O.k. maybe we can say bitcoin is more guaranteed in the next year or two.. and surely if things keep going well, or if things go better than expected then we are going to continue to have avenues to transact with our bitcoin, right?  The further out, then the more avenues, right?  Also the further out, the more attacks that could take place upon bitcoin, and yeah, maybe bitcoin has decently good odds of surviving the various attacks and developers will be left alone, miners will be able to mine, node runners can run their nodes, and our wallet software won't have to be pirated.

I have troubles with ideas of things in the future being guaranteed, even if the momentum is in our favor and even if we consider various logical outcomes, yet does logic always prevail in the world?  We going to put everything into bitcoin or are we going to have some hedges?  If we hedge our bitcoin, then what kinds of hedges are we going to make and which things are safe as hedges.

Remember during covid, certain folks were feeling rich, yet various supply chains were being shut off, and it did not take very long before everyone was running out of certain kinds of supplies.  Sure there are places in the world where supply chains were affected in different ways, yet even if we have money we might not be able to get certain things.  That was also true with being able to go places, many normal folks were not able to go places, yet private aircraft were still allowed to fly.  Do we have a private aircraft or access to such private aircraft?  I am not saying that I know the answers, even though i am saying that there can be decently extensive irrational periods of time and even problems that are caused to us and outside of our control, and the problems do not seem to be based on logic or justice or what is right or should be right.

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

You sound mixed up and presumptuous rangga28

One thing is having some kind of a cashflow and then another thing is having various back up funds.

The more that you build up your investment and/or your various back up funds, then the less that you need to worry about your source income, including that if your back up funds and your investment can get large enough, then it can start to serve as your source income.

Sure source income is important while you are building an investment, so the larger your source income, then the faster you can get your bitcoin investment and/or back up funds to a level in which you might be able to start to live off of your investments rather than worrying about having to work for an income.

You don't necessarily need multiple source incomes in order to have a large source income to build your investment.

Sure it is possible that source incomes could dry up, yet if a person has a lot of skills and/or is highly employable, then he may well not need to worry about losing his source income if he can get another source income in the event that he were to lose his current source income.

So my main objection with your post is your assumption that you put yourself into a better place by having multiple source incomes when that may well not be the case, especially it could be way better to have only one source income that pays a lot rather than multiple source incomes that do not pay very well and take a lot of time and energy in order to get the source income.

[Sonia_123]

[edited out]

You’re very right, no investment is 100% safe, which is why we have to give ourselves no benefit of doubt whatsoever when it comes to investing in bitcoin, just like you have emphasized and it’s always advised to invest what we can afford to loose, but at this point I will mostly certainly appreciate working on other factors that could enable continue buying Bitcoin consistently for a very long term, especially when we have a working plans in term of wanting to buy and accumulate Bitcoin, I can decide to buy Bitcoin little by little as much as I can afford on a weekly basis or monthly basis which can be more sustainable for me in a longer term plans, most importantly some of this factors would be working on having different incomes to be able to buy and accumulate Bitcoin and having that opportunity of buying more than expected and this means will give us that opportunity of having more and more Bitcoin, I can decide to buy with a particular price from an initial stage then when I have other cashflow then increasing my portfolio would be more beneficial and appreciated.

I personally think that there are ways that each of us can figure out ways to gamify our bitcoin accumulation process and/or our building of our cashflow management systems.

You can create a spread sheet (such as in Excel or some other spreadsheet) and then have various categories of information, and perhaps even have goals to continue to grow the size of your bitcoin stash each month, even though it is not guaranteed to be profitable, but there still can be ways to make the building of the stash fun...and you can keep track down to the satoshi.. and including keeping track of costs and/or any fees that might be paid... and also averages to see how the numbers change over time.

And, yeah, maybe in the beginning the numbers are seeming small and even not very consequential, yet after months and months of building, the numbers might start to look BiGGER.. and even months turn into years.. and you can monitor your progress in ways that are potentially fun.

When I started buying bitcoin, I started buying little by little on a monthly basis because I usually have my income at the end of the month, after taking care of my basic expenses and paying for my bills, then I have to mathematically calculate my discretionary income to estimate how much I would be left with to buy bitcoin from, I must say I wasn’t left with much discretionary income, and I wasn’t satisfied with my amount of bitcoin accumulation, then I decided to increase my income so I could be able to buy more bitcoin into my portfolio, and immediately I have to start thinking of other ways to have different cashflow and I have to figure out this ways of having other’ businesses so I can have other incomes, so I started other businesses and then I immediately started having extra cashflow, and I was able to keep buying bitcoin, this time I wasn’t only buying little by little I was able to approach buying through lump sum, and then I was buying through the DCA, instead of buying on a monthly basis, I started buying on a weekly basis, which was a massive improvement from my analysis back then when I started having other cashflow I became more aggressive with being cautious.

Of course, discretionary income can be increased by increasing income and/or decreasing expenses, and there are not always easy ways to figure out how to decrease expenses. .yet it is one of the possibilities... and you might figure out ways to keep track of the expenses better too.. .. to figure out if there might be some way to cut some of them.    I know sometimes there could be ways to buy in bulk such as food and then share expenses with friends and/or family, so then sometimes better quality might be accompanied by savings.  and yeah sometimes if we buy larger quantiies of non-perishables theymight last longer as long as we have a place to store the bulkier item(s).

investing is ever guaranteed and bitcoin isn't an exception that's why having a good strategy matters, if investing what we can truly afford to lose is rightly okay , As for me the biggest thing is patience and consistency even if it's a little amount every week or every month,  steady accumulation, it also takes a lot of pressure out since people don't  have to wait for the right price. And you are absolutely right about having multiple income streams the more stable our money flow , the easier it becomes to keep buying without stressing . finally slow and steady accumulation with a good financial strategy it is one of most sustainable ways to build a long term.

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price. It is good to have a multiple streams of income but having a multiple streams of income should also go along with developing a good financial management skills if not it will all result to nothing and you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

Most persons that have multiple income finds it difficlult to invest in bitcoin, these are the people that keeps on giving excuses on bitcoin price and others, they see it as not being trusted since it is digital and not physical cash that anything can happen any time, they so much believe in physical investment.

[Bigjoe33]

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

Having several kinds of business and/or having multiple streams of income is good and can help you strengthen your investment either in quick accumulation or in building up better and formidable back up funds, no doubt about that. But it doesn't also mean that an investor with just one source of income can't invest in bitcoin and Hodl for Long, No! It is very much possible for such an investor with just one source of income to invest in bitcoin and Hodl for long if he maintains a good income management and allocation.

Perhaps, if he is able to figure out his discretionary, and then Carries out a good income management strategy, he could begin his investment and then he could along the line learn better ways he coulad strengthening his investment as he intentionally builds up his emergency funds and other back up funds to help guide his portfolio. Surely, while continuing his consistent DCA buys, he could sort for other ways to increase his income, either by getting extra job or getting involved in businesses that can fetch him more income, by this, he can gradually increase his DCAing amount and or increase his back up funds allocation squarely. So, one source of income shouldn't be a barrier to getting started with your investment and or building up your portfolio

[Finebone]

Most persons that have multiple income finds it difficlult to invest in bitcoin, these are the people that keeps on giving excuses on bitcoin price and others, they see it as not being trusted since it is digital and not physical cash that anything can happen any time, they so much believe in physical investment.

Anyone that has the capacity to invest in Bitcoin because he has the discretionary income to carry that out, but is still skeptical of it is either ignorant of the real potential of Bitcoin or he just doesn't want to invest, because having multiple income streams makes it easier to have a discretionary income on a consistent basis and that alone will aid your Bitcoin investment to go smoothly, so if the person is still skeptical about Bitcoin and it value, then ignorance is one big thing that is holding such person backwards, not just not having the will to do so.

[Grace333]

Most persons that have multiple income finds it difficlult to invest in bitcoin, these are the people that keeps on giving excuses on bitcoin price and others, they see it as not being trusted since it is digital and not physical cash that anything can happen any time, they so much believe in physical investment.

That is facts. It is funny how the people with the most income streams are sometimes the ones who hesitate the most when it comes to Bitcoin. They will  touch every physical business, land, shops, equipment,  but once you mention Bitcoin, they start giving one long list of excuses like the price is too high, it’s digital, it can disappear, all sorts of fears.

You can’t just focus everyone to invest in Bitcoin, you have to just let them be, by the way, it is not everyone that would invest in Bitcoin.

[Crytohillss]

No investment is guaranteed including Bitcoin, and i don't think if there is anything like waiting for the right price, every price looking at you is the right price.

The fact that we can't assume that there's an investment that's 💯 guaranteed doesn't mean that investing in bitcoin doesn't have a guarantee of returns on investment. I mean, the reason why you invest in the first place and do so with a reasonable amount is because you have a level of trust that there will be a return on your investment. If you even consider a lot of the alternative asset class we have other than bitcoin, you will easily know that it's bitcoin that gives you the level of calmness that keeps you invested for the long term without being overly worried on what to do even at the time when the market is going down.

For other asset including the physical ones, people mainly buy when they see physical signs that the price will go up, if there are no signs, then they don't buy as such. But for bitcoin, at the time of DIP, you're expected to buy, at the time of bull you're still adviced to buy and when you do so for the long term, you still discover that investing regardless of the market situation is one of the best choice you can ever make.

you will be struggling to figure out what best to be put first and this is a major problem that most people are having.

In terms of knowing what's the best thing to put your money into, there's no big deal about it. You already know that the goal at the end of the day is so you can be at a good profit region and so, even if others are afraid if buying bitcoin probably because they feel that now is not the best time to buy your bitcoin, you can still go on to do what you want because at whatever time you buy your bitcoin, you're still not late into it.

The best that you can do is to guarantee the various aspects of your own inputs, and even some of your own execution risk might be beyond your control and/or expectations.

We can also look at various debasements of fiat and say those behaviors are hard to stop, and so those behaviors cause upwards pressures on bitcoin's price, and bitcoin is scarce (even though its scarcity is manipulated too).  You can bet on probabilities, yet the outcome is not guaranteed there are too many unknowns, even if a lot of the knowns are pointing towards ongoing upward pressures on bitcoin's price.

You can guarantee that you are going to put anywhere between 10% to 25% of your income into bitcoin as your income comes in, and you can work your ass off to make sure that your income keeps coming in, and even that your income is high enough to cover your expenses, and those are execution risks.  There are also execution risks in the ways that you secure your  coins and make sure that you have ways to cash out your coins in case all of the exchanges get shut down... yet of course, they are not going to get shut down, right?  right?  That would be dumb, since bitcoin is not jurisdiction specific, so you might have to scramble to figure out other ways to use your bitcoin, and to find some peers, yet maybe the peers are scared to use bitcoin?  Surely, you have some brave peers, no?  And, your peers should be demanding to interact with you using bitcoin, right?

O.k. maybe we can say bitcoin is more guaranteed in the next year or two.. and surely if things keep going well, or if things go better than expected then we are going to continue to have avenues to transact with our bitcoin, right?  The further out, then the more avenues, right?  Also the further out, the more attacks that could take place upon bitcoin, and yeah, maybe bitcoin has decently good odds of surviving the various attacks and developers will be left alone, miners will be able to mine, node runners can run their nodes, and our wallet software won't have to be pirated.

I have troubles with ideas of things in the future being guaranteed, even if the momentum is in our favor and even if we consider various logical outcomes, yet does logic always prevail in the world?  We going to put everything into bitcoin or are we going to have some hedges?  If we hedge our bitcoin, then what kinds of hedges are we going to make and which things are safe as hedges.

Remember during covid, certain folks were feeling rich, yet various supply chains were being shut off, and it did not take very long before everyone was running out of certain kinds of supplies.  Sure there are places in the world where supply chains were affected in different ways, yet even if we have money we might not be able to get certain things.  That was also true with being able to go places, many normal folks were not able to go places, yet private aircraft were still allowed to fly.  Do we have a private aircraft or access to such private aircraft?  I am not saying that I know the answers, even though i am saying that there can be decently extensive irrational periods of time and even problems that are caused to us and outside of our control, and the problems do not seem to be based on logic or justice or what is right or should be right.

That statement, "I'm waiting for the right price" has made many people to miss out buying Bitcoin cheaper, I don't know whether they forget that Bitcoin is very volatile and waits for no one to invest. The sad truth is that would always move either upwards or downwards at any given time to there no need waiting for the best time while an opportunity to buy it cheaper passes by.

 Well having different streams of income is a plus for Bitcoin investment since the investor could easily generate the discretionary and be able to take advantage of the downtrend of volatility when it occurs but then with the right management skills like you said, one can comfortably build their portfolio with a source of income,  it's not really compulsory that an investor must have different sources of income before investing in Bitcoin.

There are many things to consider, not just the nominal value or the right timing, but also mental preparation and the right strategy. Investing in Bitcoin is certainly not easy, especially with limited capital.

I disagree with strengthening a portfolio with only one source, as it is very risky. When the situation is unfavorable, it can cause psychological stress and lead to failure. However, if you have several types of businesses running well and are able to strengthen your financial foundation, investing in Bitcoin will provide greater peace of mind and mental preparedness.

You sound mixed up and presumptuous rangga28

One thing is having some kind of a cashflow and then another thing is having various back up funds.

The more that you build up your investment and/or your various back up funds, then the less that you need to worry about your source income, including that if your back up funds and your investment can get large enough, then it can start to serve as your source income.

Sure source income is important while you are building an investment, so the larger your source income, then the faster you can get your bitcoin investment and/or back up funds to a level in which you might be able to start to live off of your investments rather than worrying about having to work for an income.

You don't necessarily need multiple source incomes in order to have a large source income to build your investment.

Sure it is possible that source incomes could dry up, yet if a person has a lot of skills and/or is highly employable, then he may well not need to worry about losing his source income if he can get another source income in the event that he were to lose his current source income.

So my main objection with your post is your assumption that you put yourself into a better place by having multiple source incomes when that may well not be the case, especially it could be way better to have only one source income that pays a lot rather than multiple source incomes that do not pay very well and take a lot of time and energy in order to get the source income.

There is nothing that comes with a 100% guarantee in investing bitcoin when it comes to investment, but what really matters bitcoin is volatile it's confidence that gives long term holders, it is not about expecting quick profits it's about knowing the rules well enough to remain consistency and calm through the volatility, a lot of people don't invest bitcoin because they are only for short term and also look a long term as a good alternative but they invest because history has shown that is patience usually pays off bitcoin has a very good track record that lets people level headed during the rough dips.

[iamsange]

Most persons that have multiple income finds it difficlult to invest in bitcoin, these are the people that keeps on giving excuses on bitcoin price and others, they see it as not being trusted since it is digital and not physical cash that anything can happen any time, they so much believe in physical investment.

They may still be very naive in their thinking, making it difficult to trust in non-physical investments, making it difficult to trust Bitcoin as the best option. I wouldn't recommend such people in life because they are usually quick to blame others when they don't immediately see a profit from the investment we recommend, so it's best to ignore them. It would be pointless to waste time on such naive people in this modern era, where almost all smart and well-known investors have chosen Bitcoin as the best investment of their lives.

For those who already believe in Bitcoin, price is no longer an issue as long as they still have the money to buy Bitcoin after securing their usual living expenses. So let's spend our time on people who already understand Bitcoin and want to understand Bitcoin, not on laypeople whose egos are higher than their own knowledge so that suggestions from others will never enter their heads.

[IceLincoln]

For instance, it makes no sense for someone who receives their income monthly to buy daily

Discretionary income can be shared accross intervals that the investor wishes to buy, I prefer weekly and even though I earn monthly from my workplace, I still prefer to split my discretionary income into 4 places and buy with a quarter of it every week

  when the money apportioned to their discretionary funds doesn't permit them to,

It depends on how you manage your cashflow, you can decide to buy at once with your discretionary income as soon as you get your pay and ist ready for a buy. I prefer buying weekly because there is a possibility of encountering a dip of a kind within the week and in that scenario you can get more quantities for the same price. It is not entirely bad buying at a monthly interval, but we all have our buying strategies tailored best to us and I love trying out my luck within respective weeks to catch dip prices and take advantage of them with the scheduled week's buy amount.

I can see how this method or strategy can be beneficial, yes good financial management has a lot to play in bitcoin investment, especially sorting out our discretionary funds adequately and correctly but you should know that we are each responsible for how we invest or how we choose to DCA. Whether daily, weekly, monthly, quarterly or whatever time duration you want to be buying what’s important is your consistency and how well and aggressive you’re buying.
It’s important to note that you are not to go beyond your limits or try to copy another person when investing.

[Padi24]

Source: https://x.com/ProphetBomaAbel/status/1997767170005283177?s=19

Well, as I was going through my X earlier then I stumbled at this page. If you take a good look at the picture you would see that it was posted earlier before now but I'm just coming across it today, though i don't really know what could be his mission. I'm not entirely sure if what he's saying here is actually coming from the source he claims such information is coming from, i just felt that he's actually making a sense at the same time considering him as one of those folks that doesn't want Bitcoin to be in existence because with the way he was expressing himself he's likely to be making exaggeration because God review things to people in a way that you won't be making guesting work for example he said that I'm bringing a new way_not Bitcoin or whatever they call it this sounds weird to me. Though I'm not disputing on that but I made a plan which I'm going to execute it and that is achieving my investment goal or the status of overaccumulation no matter the challenges.

[ruykeri]

There is nothing that comes with a 100% guarantee in investing bitcoin when it comes to investment, but what really matters bitcoin is volatile it's confidence that gives long term holders, it is not about expecting quick profits it's about knowing the rules well enough to remain consistency and calm through the volatility, a lot of people don't invest bitcoin because they are only for short term and also look a long term as a good alternative but they invest because history has shown that is patience usually pays off bitcoin has a very good track record that lets people level headed during the rough dips.

There is no 100% guarantee in any investment. Bitcoin's volatility is not a problem. This is a feature of Bitcoin. This problem occurs when the investor does not have the financial and mental structure. And if someone else invests in Bitcoin and loses, he will lose a maximum of 100%, but the possibility of profit here is several times higher. As is the case with any other investment, it is less. Even if you analyze past statistics, it is clear that if you invest for a long time, the possibility of profit is higher. That is why the most important thing is the patience of an investor, the right mentality, income flow and fund management.

[suhadi88]

That is facts. It is funny how the people with the most income streams are sometimes the ones who hesitate the most when it comes to Bitcoin. They will  touch every physical business, land, shops, equipment,  but once you mention Bitcoin, they start giving one long list of excuses like the price is too high, it’s digital, it can disappear, all sorts of fears.

You can’t just focus everyone to invest in Bitcoin, you have to just let them be, by the way, it is not everyone that would invest in Bitcoin.

Yes, that’s perfectly normal. At first, it’s all quiet whispers, and then the moment BTC starts showing strong performance, everyone suddenly starts shouting — usually led by the media and influencers. For people who’ve been into Bitcoin for a while, that pattern is nothing new.

Of course, not everyone is going to invest in Bitcoin, and that’s normal too. Some people just aren’t interested yet, some don’t really understand it, and others simply don’t have the confidence. But once they’re convinced, they’re often the first to jump in, filling the gap with large, straightforward buys.

[alankasman]

Yes, that’s perfectly normal. At first, it’s all quiet whispers, and then the moment BTC starts showing strong performance, everyone suddenly starts shouting — usually led by the media and influencers. For people who’ve been into Bitcoin for a while, that pattern is nothing new.
Of course, not everyone is going to invest in Bitcoin, and that’s normal too. Some people just aren’t interested yet, some don’t really understand it, and others simply don’t have the confidence. But once they’re convinced, they’re often the first to jump in, filling the gap with large, straightforward buys.

Some people only act when the BTC price starts to rise when it rebounds, because most people are only interested in profits, so they don't show strong activity in Bitcoin forums when the market price drops. This means that those who have been around for a while never doubt anything, and instead, they believe with a confidence that outweighs the losses they sometimes experience.

Some people are attracted because they already understand Bitcoin, so even though many people doubt it, they remain consistent in their investments. This is because they know the loopholes in investing in Bitcoin, and they will understand it better in any way. However, as we mentioned earlier, other people will not immediately jump into this BTC forum before understanding it with the belief and confidence they have in this investment.

[JayJuanGee]

Source: https://x.com/ProphetBomaAbel/status/1997767170005283177?s=19
Well, as I was going through my X earlier then I stumbled at this page. If you take a good look at the picture you would see that it was posted earlier before now but I'm just coming across it today, though i don't really know what could be his mission. I'm not entirely sure if what he's saying here is actually coming from the source he claims such information is coming from, i just felt that he's actually making a sense at the same time considering him as one of those folks that doesn't want Bitcoin to be in existence because with the way he was expressing himself he's likely to be making exaggeration because God review things to people in a way that you won't be making guesting work for example he said that I'm bringing a new way_not Bitcoin or whatever they call it this sounds weird to me. Though I'm not disputing on that but I made a plan which I'm going to execute it and that is achieving my investment goal or the status of overaccumulation no matter the challenges.

This is really dumb, and it seems problematic for you to be giving him  any benefit of the doubt since it seems that the first line of attack should be that the guy sounds uninformed about bitcoin - as if he has not done enough looking into it.

If the guy claims to have a feeling, then there is a problem with that, especially if he is having a feeling from an uninformed position.

I understand that sometimes with religion, there will not necessarily be a backing up of claims but instead claims about having authority - yet if the authority is sounding like they don't know what the fuck they are talking about, then there are problems to either follow it or to give any respect to it.

I know that with several religions, there tends to be concerns about the worship of wealth, and so bitcoin might seem like one of those kinds of greeds and/or meaningless pursuits of profits - yet many of us likely recognize and appreciate that bitcoin allows for an attempt to preserve wealth and also to protect ourselves from entities that are greedy with the wealth and even robbing us through our wealth through the debasement of the currency.

Another problem, that you kind of referred to is that he has some hesitancy.. in regards to bitcoin "or whatever you call it," which surely is showing that he seems to be guessing rather than providing information based on some kind of actual knowledge.

That is facts. It is funny how the people with the most income streams are sometimes the ones who hesitate the most when it comes to Bitcoin. They will  touch every physical business, land, shops, equipment,  but once you mention Bitcoin, they start giving one long list of excuses like the price is too high, it’s digital, it can disappear, all sorts of fears.

You can’t just focus everyone to invest in Bitcoin, you have to just let them be, by the way, it is not everyone that would invest in Bitcoin.

Yes, that’s perfectly normal. At first, it’s all quiet whispers, and then the moment BTC starts showing strong performance, everyone suddenly starts shouting — usually led by the media and influencers. For people who’ve been into Bitcoin for a while, that pattern is nothing new.

Of course, not everyone is going to invest in Bitcoin, and that’s normal too. Some people just aren’t interested yet, some don’t really understand it, and others simply don’t have the confidence. But once they’re convinced, they’re often the first to jump in, filling the gap with large, straightforward buys.

There is no reason to suddenly jump in with large bitcoin buys, yet instead there can be ways to get started with measured and regular buys and then as a person gets used to buying bitcoin on a weekly basis, at some point in the future there might be justifcation (based on cashflow management rather than perceptions of BTC prices) to increase purchase amounts, whether those increases are to the DCA amount or perhaps to authorize some lump sums.

Generally newbies should not be jumping in with a lot from the start, unless they might have follow up plans to keep investing on a regular basis for six months and beyond.. .. and yeah, of course, sometimes there may be situations in which guys are reallocating from other investments into bitcoin, yet there still might not need to be a jumping in with just one large lump sum investment.

Many normal people work with their regular income and their cashflow, and fantasies about big ballers and/or smart money coming in big seems like fantasies that are not so practical, even if some guys might have more money to work with as compared with others.

Yes, that’s perfectly normal. At first, it’s all quiet whispers, and then the moment BTC starts showing strong performance, everyone suddenly starts shouting — usually led by the media and influencers. For people who’ve been into Bitcoin for a while, that pattern is nothing new.
Of course, not everyone is going to invest in Bitcoin, and that’s normal too. Some people just aren’t interested yet, some don’t really understand it, and others simply don’t have the confidence. But once they’re convinced, they’re often the first to jump in, filling the gap with large, straightforward buys.

Some people only act when the BTC price starts to rise when it rebounds, because most people are only interested in profits, so they don't show strong activity in Bitcoin forums when the market price drops. This means that those who have been around for a while never doubt anything, and instead, they believe with a confidence that outweighs the losses they sometimes experience.

It is dumb to trade bitcoin or to focus on profits, especially during your first 4 years or so while you are building your bitcoin holdings.

Bitcoin is a much better investment rather than a trade, so folks who are thinking about bitcoin as a trade are not approaching it from a good and/or solid approach.

and yeah, investments are 4-10 years or longer, and if anyone is worried about locking up cash for 4 years or longer, then they can just reduce the amount that they are locking up when they are hopefully doing their weekly buys and ignoring the price.. at least for the first 4-ish years.

You have been registered here since June 2017 alankasman.  You could have had established yourself a good little bitcoin stash over the last 8.5-ish years... so hopefully you haven't been doing the dumb things that you are proclaiming that "some people" do.

If we learn about bitcoin, it is better to try to be smart about it, rather than looking what other people are doing, which might not be a good approach in terms of improving our ow life situations with our inclusion of bitcoin in that.

Some people are attracted because they already understand Bitcoin, so even though many people doubt it, they remain consistent in their investments.

Hopefully, you are including yourself in this second group of "some people" rather than the dumb ones - not that I would proclaim that anyone completely understands bitcoin, yet any of should be alble to get to a level to be able to invest into bitcoin rather than trying to trade it.
 

This is because they know the loopholes in investing in Bitcoin, and they will understand it better in any way.

 Bitcoin has loopholes?

However, as we mentioned earlier, other people will not immediately jump into this BTC forum before understanding it with the belief and confidence they have in this investment.

There is no need to know a lot in order to get started investing into bitcoin.  A person can just start with a small amount, such as $10 0r $10 per week and then work his way up to larger amounts as he learns more about it.

[Promocodeudo]

Anyone that has the capacity to invest in Bitcoin because he has the discretionary income to carry that out, but is still skeptical of it is either ignorant of the real potential of Bitcoin or he just doesn't want to invest, because having multiple income streams makes it easier to have a discretionary income on a consistent basis and that alone will aid your Bitcoin investment to go smoothly, so if the person is still skeptical about Bitcoin and it value, then ignorance is one big thing that is holding such person backwards, not just not having the will to do so.

Skeptical minds are those investors that has not really decided to invest in Bitcoin, infact they shouldn't be seen as serious people, they procrastinators, they indirectly kill their dreams by themselves, whenever anyone is ready financially but refuses to invest, it means such persons isn't ready yet mentally.
I get pissed when people give too much excuses why they want to wait a bit before they can start accumulating Bitcoin, I know about somebody that thinks that the only time to invest in Bitcoin is at the dip but my question to this person has been, can you actually identify dips and do you know how long the dips you are waiting for will last, i believe that ignorance without asking questions becomes unseriouness, as far as any investment is concerned it is very bad for people to just conclude things themselves, there are different ways of investing in Bitcoin which I believe that every investor should ask question if they are confused on what to do.