Buy Buy Buy or Sell Sell Sell?

[WhoYouCantKill]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Could you imagine scenarios that guys get started and plan as they go?

Or do you think that the planning needs to take place before getting started?

How much emergency funds (or back up funds) do you think is needed before getting started?

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

The truth is that there’s no fixed timeline as long as preparation is concerned, and this is because different people have different start points and also different IQ level. Some folks only need a few hours to understand what they’re getting into, and that’s just about enough for them to get started carefully, while others may need higher timeframes. While jumping in without any knowledge at all could potentially be risky, it’s also pretty much unnecessary to spend too much time all in the name of getting to understand the investment first before getting started, because the truth is that one may not really fully understand the investment without getting started first because there are certain vital lessons only experience can be able to teach you as an investor. The real goal of preparation isn’t to spend too much time on it, but gaining clarity about some basic things, like why you’re getting in, potential risks and how you’ll tend to reach should things go in an unexpected way, although it’s not even necessary to know all of this from the start, just a few understanding of how the process works and basic math skills would do for anyone to get started.

Another thing is that, people differ in their schedules and lifestyle, so will their level of preparation because it has to fit into their real life. Not everyone has the luxury of spending or dedicating long study sessions to learn about bitcoin investing, and honestly, there’s really no point having to, because even the shortest time spent in consistent learning over time is just about enough for anyone to get started. The only thing that could show that a person needs more time to prepare themselves is if they eventually evaluates their position and finds out that they have an unstable income, no discretionary income, no cushion, or constantly feeling financial pressure, if anyone notices these signs, then surely it’s a good sign that they need more time to prepare themselves an set a better foundation and atmosphere for investment but this is different from needing time to acquire more market knowledge. When we talk about preparation, it’s has to do more with personal stability than with understanding the dynamics of bitcoin.

[Bigjoe33]

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunitiesbitcoin’s price will always move up and down that is its nature.

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

[LOVER BOY 422]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Could you imagine scenarios that guys get started and plan as they go?

Or do you think that the planning needs to take place before getting started?

How much emergency funds (or back up funds) do you think is needed before getting started?

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

The truth is that there’s no fixed timeline as long as preparation is concerned, and this is because different people have different start points and also different IQ level. Some folks only need a few hours to understand what they’re getting into, and that’s just about enough for them to get started carefully, while others may need higher timeframes. While jumping in without any knowledge at all could potentially be risky, it’s also pretty much unnecessary to spend too much time all in the name of getting to understand the investment first before getting started, because the truth is that one may not really fully understand the investment without getting started first because there are certain vital lessons only experience can be able to teach you as an investor. The real goal of preparation isn’t to spend too much time on it, but gaining clarity about some basic things, like why you’re getting in, potential risks and how you’ll tend to reach should things go in an unexpected way, although it’s not even necessary to know all of this from the start, just a few understanding of how the process works and basic math skills would do for anyone to get started.

Another thing is that, people differ in their schedules and lifestyle, so will their level of preparation because it has to fit into their real life. Not everyone has the luxury of spending or dedicating long study sessions to learn about bitcoin investing, and honestly, there’s really no point having to, because even the shortest time spent in consistent learning over time is just about enough for anyone to get started. The only thing that could show that a person needs more time to prepare themselves is if they eventually evaluates their position and finds out that they have an unstable income, no discretionary income, no cushion, or constantly feeling financial pressure, if anyone notices these signs, then surely it’s a good sign that they need more time to prepare themselves an set a better foundation and atmosphere for investment but this is different from needing time to acquire more market knowledge. When we talk about preparation, it’s has to do more with personal stability than with understanding the dynamics of bitcoin.

You point is very important and interesting @who you can't kill you see bitcoin investment is very straight we don't do trading or we don't talk about crypto,what we do appreciate is Bitcoin investment talk ,that's why is good and nessceeary we should keep training our newbies on this important information they need to know about BTC ,just as you have said we have different IQ when talking about this Bitcoin but many don't still know what Bitcoin investment is,many compared us to be scammers but that' is not what we actually are ,we talk about Bitcoin investment,from newbies we keep growing gradually to the top yet we keep pushing
I keep trying my best telling people the importance of Bitcoin in our life today and in future.

Just as you have said is good for someone to spend time studying about Bitcoin investment for the good of that person in the future.

[Obulis]

As a long term investor what do you need to be thinking about in Bitcoin? Thinking about Bitcoin is a waste of time and I don't think anyone who is serious to investor and hold for long will be worried or think about Bitcoin because it is not necessary. An investor is already aware of the volatile nature of Bitcoin so thinking about the fluctuations and getting yourself worked up is an impression that you don't trust what you are investing on. I disagree with you when you said putting a lot of money at once often bring regret because this is not true, a serious investor with a huge discretionary can purchase as many fraction as possible at a time  and there won't be any regrets but if the investor use money outside their discretionary then there will be a problem.

Humans can do whatever the hell they desire to do, even thinking about the price of bitcoin all day long if they want to, there is nothing wrong with that.

But don't give room for those thoughts to let you panic and make dumb and irrational decisions that can wreck your accumulation.

The secret to long term investment is to always be in control mentality, not allowing those thoughts of yours and things you see to sabotage your long term plan.

What's really the point? Having a long-term Investment in Bitcoin and then be thinking or worrying about it? Well that should be for a jobless person. Because the joy of long-term investment is to undermine the pressure of volatility, so why worries when volatility has handled itself?
Just wondering why that should be even as we decide what to do and what not to do. Why the worries? This worries can tempt someone to bridging their long-term investment plan. It should be avoided as it's not really necessary.

[HajiBagi]

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunitiesbitcoin’s price will always move up and down that is its nature.

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

Anyone who is willing to buy bitcoin will not think of waiting for a perfect time before they buy bitcoin, one thing we should understand about bitcoin is that there is no perfect time to buy, many individuals think that waiting for the price to drop is the perfect time to buy bitcoin not knowing they are wasting their time, instead of waiting for a long time and waiting for the price to drop, why can’t you buy and save yourself from spending the funds on something unnecessary by buying it like that? Because anything can happen when people have money, from my understanding, the reason why some individuals want to buy when the price drops is because they don don’t have too much funds to and they think waiting for the perfect time is the best, it is not a good idea, bitcoin is not do or die, if you are not capable of buying with big amount you should buy with the amount you have and capital to lose, no competition in bitcoin.

[Tmoonz]

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunitiesbitcoin’s price will always move up and down that is its nature.

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

BigJoe33 you misunderstood what centrum says i mean that you both are saying the same thing and of course what should is obtainable, there is no perfect entering time rather than when you have your investment money readily available, people can speculate and predict for all they can but that shouldn't determine or influence your investment decisions, only those who has pays attention to how the market basically operates will understand this fact, it can bitter to those ignorants but that's the truth.

[gracreavix]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

I know this question was not directed at me, but I would like to share my own view on it. When it comes to preparation and how much time someone needs before getting started, I think it really boils down to two major things.

First is the person’s financial status or financial strength.
I feel this is very important. Not everyone today is financially stable or has their finances in order. A lot of people are still struggling, trying to survive, and barely earning enough to cover basic needs, let alone have steady discretionary income.

So even if that person is genuinely interested in Bitcoin and really wants to go all in, realistically, their financial situation may not allow that yet. They would obviously need some time to first improve their income stream or fix their finances to a reasonable level (not necessarily perfect) before Bitcoin can even become a serious point of focus for them.

I also remember clearly when you spoke about your own journey, how you already had your finances under control before getting into Bitcoin. You mentioned investing in different assets for over 20 years before Bitcoin even came into the picture. I believe that financial stability gave you a huge edge and reduced the amount of preparation you needed when you finally started.  

The second factor is the person financial or investment intellect.
This also is important and can slow someone down. We can all agree that it is not wise to jump into any investment you have no knowledge of.

For example, let’s say if Mr. A wants to invest in Bitcoin with him having a long term plan of like 10–20 years, it would be smart for him to take some time to understand what he is getting into. There is a saying that “the 10% effort you put into understanding something will save you 90% of the effort later.” Someone with no knowledge at all definitely needs time to prepare and learn.

And I am sure you yourself already had good knowledge about investing in particular and Bitcoin, before you started Bitcoin investment. I feel without that foundation, it would have been difficult to achieve the level of success you did in your investments with Bitcoin..

Now, the main question:
Is it a few hours? A few days? A few weeks? A few months? A year? Or something else entirely?

My answer is this: it completely depends on the individual’s ability and seriousness, considering those two factors I mentioned. But if someone already has their finances fairly sorted and has a fair level of investment (Bitcoin) knowledge, then they do not really need a long preparation period, they can start immediately..

When I came to bitcoin, I had already been investing in various kinds of assets for more than 20 years, so I had built up various kinds of holdings, but mostly in index funds and some aspects in property and businesses, yet at the same time, I had frequently been interested in hedging some of my prior investment to make it gold-like (a hedge against the dollar), and one of my abilities to continue to contribute to a 401k plan was drying up, so I wanted to build some investments (potentially bitcoin) to supplement my having had already built the 401k (the 401k investment did not disappear, only my ability to continue to add to it had disappeared), so I was actually thinking that a 10-20 year investment timeline, I might be able to both build my investment into something like bitcoin and to potentially have the bitcoin investment to be equal to or greater than the 401k that I had been building for somewhere close to 20 years.

..

How much emergency funds (or back up funds) do you think is needed before getting started?

If someone already has a source of income ,I don’t really see a reason why they must first finish building emergency funds before starting, once they can properly separate their discretionary income from their essential expenses, there is no real need to delay just to build emergency funds first.
it is better and advisable for someone in that position to build emergency funds and invest at the same time, both of them could also grow well with same energy.

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

No not at all, there is no need for any market indication, as long as we can just stick with a strategy like DCA, then all of that market timing is not necessary..

[Hardyrobust]

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunitiesbitcoin’s price will always move up and down that is its nature.

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

BigJoe33 you misunderstood what centrum says i mean that you both are saying the same thing and of course what should is obtainable, there is no perfect entering time rather than when you have your investment money readily available, people can speculate and predict for all they can but that shouldn't determine or influence your investment decisions, only those who has pays attention to how the market basically operates will understand this fact, it can bitter to those ignorants but that's the truth.

As simple as it is, the best time to enter the market is when there is an available discretionary income. Of course no one can predict the market perfectly and there is no time that isn't perfect for entering the market expect for those that have trading in mind but for long time holders that is buying using DCA strategy there is no time that isn't right for buying provided the discretionary income is there.

[maknyos]

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunitiesbitcoin’s price will always move up and down that is its nature.

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

BigJoe33 you misunderstood what centrum says i mean that you both are saying the same thing and of course what should is obtainable, there is no perfect entering time rather than when you have your investment money readily available, people can speculate and predict for all they can but that shouldn't determine or influence your investment decisions, only those who has pays attention to how the market basically operates will understand this fact, it can bitter to those ignorants but that's the truth.

Procrastinating because we want to find the perfect entry point will waste a lot of time. With the DCA strategy, when the price rises, we won't be left behind, and when it falls, we have the opportunity to accumulate more Bitcoin in our wallets.
During previous bear markets, many people waited for the price to bottom before entering, but instead, they were left behind because the price rose and didn't reach their desired price. This is a loss, and when we use DCA, we avoid such a situation.

[HustleZ]

How much emergency funds (or back up funds) do you think is needed before getting started?

If someone already has a source of income ,I don’t really see a reason why they must first finish building emergency funds before starting, once they can properly separate their discretionary income from their essential expenses, there is no real need to delay just to build emergency funds first.
it is better and advisable for someone in that position to build emergency funds and invest at the same time, both of them could also grow well with same energy.

That is a great strategy but for people who have job security, like people who do Government Jobs. This strategy fits them and other people whose income is passive and stable but people who work in a private sector or do not have job security then they should first eliminate the risk by saving an emergency first for incase something goes wrong and they need money all of a sudden, we can also incorporate "your" strategy after saving a small amount of emergency fund first. Then start investing meanwhile also saving up an emergency fund.

[Nightwatchmare]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

Talking about the best strategy, then it is DCA. DCA isnt just the best for the newbies, it is the best for all. The newbies, old investors, rich, poor, average class etc, can all make use of DCA...Using DCA makes it possible for folks to keep buying without necessarily timing the markets or waiting for the perfect entry point...With DCA you are able to adjust your buys based on the current level of your income and if you experience an increased income in the future,  DCA still makes it possible for you to still apply flexibility to your buys. But then this may very well not be possible with other strategies...

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

Yes, all the methods for Bitcoin investment are good and unique in their own way, but as for newbies, the DCA method is very suitable for them to adopt in their early stage of investment because they are low coiners, and the method will always allow them to accumulate Bitcoin right away without them waiting for the price of Bitcoin to drop. And for your information, there are so many rich investors that are using the DCA method to accumulate Bitcoin, so the DCA method is not only for poor folks but it is for rich and poor folks that wish to use the DCA method to accumulate Bitcoin.

[cyberninja2]

That is a great strategy but for people who have job security, like people who do Government Jobs. This strategy fits them and other people whose income is passive and stable but people who work in a private sector or do not have job security then they should first eliminate the risk by saving an emergency first for incase something goes wrong and they need money all of a sudden, we can also incorporate "your" strategy after saving a small amount of emergency fund first. Then start investing meanwhile also saving up an emergency fund.

These two strategies make many people really think twice about determining job security. I agree that what you said is quite true. For some people who have jobs, such as those under government auspices, their income is always stable and passive, so they seem to no longer need an emergency fund because of the stability of their achievements. With this kind of income, it's certainly very easy for them to start investing with the goal of saving long-term only to generate profits in the future.

Different things should be done for those who work without any guarantee so that they really need a strategy with the reason to avoid what is called risk because the main reason someone accepts risk is of course because the income is very lacking, especially the funds saved as a tool when something like this happens are not sufficient according to needs. This is because the passive income they have makes someone have to lose many small things which are used as the main factor in the form of mistakes.

[Gallar]

When prices of bitcoin are fluctuating, how do you know when to buy?

You should be worried about figuring out your discretionary income to get started instead of Looking for the perfect time to invest, just so you know, there's no perfect time to buy. the only time which I know is best to buy is when you have discretionary income, But if you have already figure out your discretionary income then I will advise you start today or tomorrow. Because if you're waiting for the price to settle, you might wait from now till next year yet, it won't settle Because that's the nature of Bitcoin. it is not a stable coin, so don't think that it is one of those stable coin because the price is not stable so it is high time you understand this and just get started as soon as possible if you have already figure out your discretionary income.

We need to understand one thing if we claim to be Bitcoin investors. One thing we must pay attention to is that we are investors, not traders. So why should we worry about price fluctuations? Because long-term Bitcoin investors certainly won't pay much attention to price fluctuations that are only short-term in nature. What's the point of paying attention to them, because our goal as long-term investors is clear: to buy Bitcoin and hold it for more than 10 years. If we are a Bitcoin investor and still focus too much on price fluctuations, I believe such a person still has a strong trader's spirit in their mind. Because, of course, people who think about Bitcoin price fluctuations are thinking about making profits in the short term. So, we must understand this. Because we must remember, if we take the wrong step in deciding our investment intentions, I think it will make us regret it later.

[Agbamoni]

You sound as though there is anything like a perfect time to buy bitcoin or a perfect entry time. Anything like that? Certainly No. There is no perfect time to buy Bitcoin, else you keep waiting and staying away from starting your investment all in the name of waiting for perfect timing. The perfect time to invest in Bitcoin is when you have your discretionary income, yea. If you have been able to figure out what your discretionary income is, then you can begin your investment right away. Anything other than this will amount to a waste of time and delaying your investment

I concur. There isnt any perfect time to accumulate Bitcoin. In fact, every time is the best time to buy, an upcoming investor should stop procrastinating and giving excuses. Nothing can stop someone who is prepared to buy Bitcoin, not even the price swings, because that's what they use to make excuses. I think once they have their emergency funds ready, savings, and have set their goals to align with their strategy. They are good to go.

[GIF-JOBS]

As a long term investor what do you need to be thinking about in Bitcoin? Thinking about Bitcoin is a waste of time and I don't think anyone who is serious to investor and hold for long will be worried or think about Bitcoin because it is not necessary. An investor is already aware of the volatile nature of Bitcoin so thinking about the fluctuations and getting yourself worked up is an impression that you don't trust what you are investing on. I disagree with you when you said putting a lot of money at once often bring regret because this is not true, a serious investor with a huge discretionary can purchase as many fraction as possible at a time  and there won't be any regrets but if the investor use money outside their discretionary then there will be a problem.

Humans can do whatever the hell they desire to do, even thinking about the price of bitcoin all day long if they want to, there is nothing wrong with that.

But don't give room for those thoughts to let you panic and make dumb and irrational decisions that can wreck your accumulation.

The secret to long term investment is to always be in control mentality, not allowing those thoughts of yours and things you see to sabotage your long term plan.

What's really the point? Having a long-term Investment in Bitcoin and then be thinking or worrying about it? Well that should be for a jobless person. Because the joy of long-term investment is to undermine the pressure of volatility, so why worries when volatility has handled itself?
Just wondering why that should be even as we decide what to do and what not to do. Why the worries? This worries can tempt someone to bridging their long-term investment plan. It should be avoided as it's not really necessary.

I think the real purpose of long-term investment is to reduce short-term volatility and continue to invest without mental stress. And long-term investment means ignoring the ups and downs of the market. It is true that it is normal for an unemployed person is naturally anxious. In addition, those who have weak financial systems are more anxious. Reducing volatility and investing without stress is the biggest psychological benefit of long-term investment. In addition, long-term investors do not need to be upset by the daily market. However, those who are disappointed by the market fall are motivated to make wrong decisions in panic and as a result they sell which takes them away from their long-term goals. Therefore, it is more important to have patience and discipline to maintain investment because if someone believes in his plan, he never gets worried about market fluctuations.

[Obulis]

How much emergency funds (or back up funds) do you think is needed before getting started?

If someone already has a source of income ,I don’t really see a reason why they must first finish building emergency funds before starting, once they can properly separate their discretionary income from their essential expenses, there is no real need to delay just to build emergency funds first.
it is better and advisable for someone in that position to build emergency funds and invest at the same time, both of them could also grow well with same energy.

That is a great strategy but for people who have job security, like people who do Government Jobs. This strategy fits them and other people whose income is passive and stable but people who work in a private sector or do not have job security then they should first eliminate the risk by saving an emergency first for incase something goes wrong and they need money all of a sudden, we can also incorporate "your" strategy after saving a small amount of emergency fund first. Then start investing meanwhile also saving up an emergency fund.

To answer the question of how much emergency funds that is needed before starting Bitcoin accumulation, is to say that there's no need for Bitcoin investment at all because emergency is an unexpected happening that you can't detect how much will be required.
For there to be emergency funds, probably discretionary funds would have also been piling up. Or what sense does it make that emergency funds is piling and there's no discretionary funds? Of course it makes no sense. So no waiting to keep emergency funds first before getting started in Bitcoin investment.

[ASloveapg]

How much emergency funds (or back up funds) do you think is needed before getting started?

If someone already has a source of income ,I don’t really see a reason why they must first finish building emergency funds before starting, once they can properly separate their discretionary income from their essential expenses, there is no real need to delay just to build emergency funds first.
it is better and advisable for someone in that position to build emergency funds and invest at the same time, both of them could also grow well with same energy.

That is a great strategy but for people who have job security, like people who do Government Jobs. This strategy fits them and other people whose income is passive and stable but people who work in a private sector or do not have job security then they should first eliminate the risk by saving an emergency first for incase something goes wrong and they need money all of a sudden, we can also incorporate "your" strategy after saving a small amount of emergency fund first. Then start investing meanwhile also saving up an emergency fund.

To answer the question of how much emergency funds that is needed before starting Bitcoin accumulation, is to say that there's no need for Bitcoin investment at all because emergency is an unexpected happening that you can't detect how much will be required.
For there to be emergency funds, probably discretionary funds would have also been piling up. Or what sense does it make that emergency funds is piling and there's no discretionary funds? Of course it makes no sense. So no waiting to keep emergency funds first before getting started in Bitcoin investment.

Emergency fund is not a fixed number, because emergency situations are unpredictable, so we can never deny its importance, it must be prepared, it cannot be thrown away, but we also have to be consistent in investing. The main thing is that we have to create an emergency fund along with investing, as long as a good emergency fund is being created, it is being created for our protection, so we should never neglect it. But even for this, we should not refrain from starting investing, start investing, create an emergency fund along with it, it is possible to create these together.

[AuchanX]

How much emergency funds (or back up funds) do you think is needed before getting started?

If someone already has a source of income ,I don’t really see a reason why they must first finish building emergency funds before starting, once they can properly separate their discretionary income from their essential expenses, there is no real need to delay just to build emergency funds first.
it is better and advisable for someone in that position to build emergency funds and invest at the same time, both of them could also grow well with same energy.

That is a great strategy but for people who have job security, like people who do Government Jobs. This strategy fits them and other people whose income is passive and stable but people who work in a private sector or do not have job security then they should first eliminate the risk

It's getting a little difficult. In fact, the risk cannot be fully measured according to the type of job. You know what's true? Regardless of the type of job, the consistency of income is the real thing, the job label is not necessary when it comes to investing. The income of many private sector employees is actually more stable than that of government employees, and many government employees also face great financial pressure in certain situations.

by saving an emergency first for incase something goes wrong and they need money all of a sudden, we can also incorporate "your" strategy after saving a small amount of emergency fund first. Then start investing meanwhile also saving up an emergency fund.

Building this small emergency fund is also a matter of time. And if it takes 6-7 months or more to build a small emergency fund, not investing at all during that time means facing the terrible loss of inflation. And wasting the powerful time of compounding.
Moreover, there is no obligation to always put the emergency fund before investing. Separate a part of your discretionary income.And you can keep some part for investing, some part for building an emergency fund.In this way, along with investing, you can build an emergency fund before you realize it.

[ZeroVinsonN]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Could you imagine scenarios that guys get started and plan as they go?

Or do you think that the planning needs to take place before getting started?

How much emergency funds (or back up funds) do you think is needed before getting started?

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

We will never truly be ready until we actually start so the more time we waste telling ourselves that we are getting prepared for something the more time we actually lose that we could have used to start, Harrison Ford is an amazing actor today with so many achievements but before all that he was a carpenter, he was literally working on people's furniture from books on how to do carpentry work, he did not let his lack of knowledge delay him, instead he learnt as he worked, this was achievable in carpentry so why do some many people think it's unrealistic to attempt the same with bitcoin? Why do they always assume that we need to learn so much first before we can start investing? When we can actually learn while investing at the same time, bitcoin investment isn't rocket science and we don't really need all that much planning going into it before we can satisfactorily say the we are ready to start investing.

[Sim_card]

Emergency fund is not a fixed number, because emergency situations are unpredictable, so we can never deny its importance, it must be prepared, it cannot be thrown away, but we also have to be consistent in investing. The main thing is that we have to create an emergency fund along with investing, as long as a good emergency fund is being created, it is being created for our protection, so we should never neglect it. But even for this, we should not refrain from starting investing, start investing, create an emergency fund along with it, it is possible to create these together.

You should build your emergency funds up to at least three months of your monthly expenses before you stop and channel the money into building a reserve funds. So that if you're hit with an unforeseen circumstances, you can survive for three months or more without touching your bitcoin investment and your reserve funds will also support you while you keep looking for a new source of income.

To answer the question of how much emergency funds that is needed before starting Bitcoin accumulation, is to say that there's no need for Bitcoin investment at all because emergency is an unexpected happening that you can't detect how much will be required.
For there to be emergency funds, probably discretionary funds would have also been piling up. Or what sense does it make that emergency funds is piling and there's no discretionary funds? Of course it makes no sense. So no waiting to keep emergency funds first before getting started in Bitcoin investment.

Emergency funds should be from your discretionary income. If someone who is not into bitcoin has a discretionary income or savings before he decides to start investing in bitcoin that money can serve as emergency funds while he starts his bitcoin investment.

However, if he doesn't have any on ground and decide to get into bitcoin, and has his discretionary income, he can start right away and build his bitcoin investment simultaneously with his emergency funds. You don't need to be waiting when you have decided to get into bitcoin till you have built your bitcoin investment.