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abaeze
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February 17, 2026, 10:26:51 PM Last edit: February 17, 2026, 11:06:55 PM by abaeze |
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I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;
Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income. That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
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cyberninja2
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Today at 07:45:00 AM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
A common mistake is overthinking what will happen in the future instead of starting immediately and without thinking too much. I believe overthinking unimportant things is a fundamental mistake. If you already have the intention to do something there's no need to think repeatedly. Sometimes our path to success depends solely on one's courage to act or choose to think which ultimately hinders the path to success. Everything with profit is certain to have a way once you start investing. If you don't start how will you achieve the desired profit As the saying goes "First lose, then there will be profit." Knowledge will also come along with it when we start. We just need to add to our knowledge by doing it consistently and gradually so that the investment we have started will certainly, as you said earlier, last for a long time.
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MagnificentX
Jr. Member
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Activity: 42
Merit: 6
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Today at 08:20:23 AM |
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In terms of investment, finding discretionary income is really important. There is not a lot to know to determine how much discretionary a person has. Only the money that will survive beyond his monthly expenses is discretionary income. But there are many people who think about investing in Bitcoin by reducing their expenses a little and creating discretionary income. I would say that instead of reducing expenses, they should think about increasing their income. Because I don't think it's right to give more priority to investing in Bitcoin by downgrading their lifestyle and reducing their responsibilities. It is their personal decision as to who will decide how.
I have an objection to what you said in the area i bold, an investor needs to be disciplined before he can triumph in his investment so if you haven't reach the target level of your accumulation there is no need to live flamboyant lifestyle otherwise you might just end your investment without meeting your target. Of course it is necessary to cut down some frivolous expenses just so you can accumulate many bitcoins inasmuch as you are able to attend to basic things that are more important to you then when you have approached your investment target, you can decide to live the luxury lifestyle you so wished for yourself. There is a saying that goes this way "whatever is worth doing, is worth doing well" therefore if there is something you have seen in Bitcoin investments that you think is worth involving in then it should be something of great importance to you. @Saltysugar99 of course it is a personal decision and it is that same mindset that made one of decide that they will do something, therefore it is of great necessity to even reduce the amount of luxury if one thinks it is needed to go further in what he/she is doing. A lot of times, self-discipline is the key to a much higher accumulation just like @Btcdeybodi said because there is no way you would be living an extravagant lifestyle and still expect yourself to be able to keep money aside, enough to sort your emergencies and also as discretionary funds for accumulation of Bitcoin. If you want to be an investor then you live like an investor, keeping incheck how you spend because without self-discipline you might end up selling your Bitcoin because of emergencies.
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Nightwatchmare
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Today at 08:45:33 AM |
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Currently the focus is more on learning to understand investment so that under current conditions we don't invest too aggressively for the long term. This discussion is necessary because a few years ago we might have easily earned income leading us to invest very aggressively. This thinking ensures that we have a guarantee of future returns on our investments.
You must not wait till you learn everything before you can start buying and investing In bitcoin. Bitcoin investment is not too much of a rocket science study, what you only need is just a basic knowledge of how and where to buy bitcoin and hold. Once you equip yourself with this basic knowledge, the only thing that is needed of you is to figure out if you have a discretionary income to use for buying bitcoin and the moment you are able to figure out a discretionary, it’s advisable you get started immediately in buying bitcoin and hold for long term goal. And even for a more effective learning In bitcoin investment, it is better to get started immediately if you have a discretionary income to use for buying bitcoin, it is from there you’ll be able to learn more and understand how it works just as the saying goes “we learn more by doing, and experience they say is the best teacher”. So it is better to get started in buying bitcoin with your discretionary income and along the line as you’re buying and holding you’ll be able to learn and unlearn more so as to be able to make important decisions regarding your investment to achieving your investment goal of consistent or Perherps persistent accumulation of bitcoin to build up your portfolio and reach your accumulation target or perhaps over accumulation. I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research; all you need is a basic understanding of how and where to buy and hold bitcoin. Once you've acquired this fundamental understanding, It is preferable to preserve reserved funds so that if a DIP occurs, people can utilize the reserved funds to acquire bitcoin at a low cost while leaving their initial accumulated quantity unchanged. I think you are contracting yourself because you said that waiting to learn more before investing will benefit you because you will get more skills and you still went on to say that Bitcoin investment does not require extensive research. Your first statement about waiting to learn more before investing will benefit you because you will get more skills is untrue because we do need any skill before we can get started with Bitcoin investment; we just need a basic knowledge about Bitcoin and discretionary income for us to start investing in Bitcoin on a weekly or monthly basis.
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Joeboy
Full Member
 
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Not Your Keyz Not Your Coinz
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Today at 08:55:16 AM |
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With bitcoin investing, there is a difference between getting started and sustaining the investment over time.
Surely to get started all that is needed is discretionary funds.
Each time that a person decides to buy more bitcoin, he might merely need to assess that he has discretionary funds available, and if so then he can buy more bitcoin.
One of the issues, for any of us who are considering our bitcoin investment to be 4-10 years or longer is that we have ongoing expenses, so if we are going to keep our bitcoin investment and/or even keep building our bitcoin investment, then we have to continue to either have sufficient extra money (discretionary funds) to keep buying or we have to make sure that we have income coming in, so that we can make sure to cover all of our expenses, so that we do not end up depleting any funds that we do have and end up having to either stop buying bitcoin or worse yet to tap into our bitcoin investment at a time that is not of our own choosing.
So for example, maybe a guy comes to bitcoin, and he has enough savings to live for 6 months, yet he does not have a job, and so he figures that with the amount of savings that he has, he can live at his current standard of living and he can also buy $100 of bitcoin each week (that would be $2,600 for the whole 26 week period), yet perhaps, as he is ongoingly buying bitcoin, and 4 months down the road, he is running out of money and he ONLY has enough money to last for another 2 more months. He might end up putting himself into a situation where he either has to stop buying bitcoin and/or he has to find an income source (such as a job) otherwise, he is going to run out of money, and he should not be buying bitcoin all the way until he runs out of money, since that would be irresponsible, even though surely each person is free to do whatever he likes, even dumb things.
You are right sir, starting out an investment and sustaining it are literally two separate things even though folks likes to assume their similarities... Like it is often emphasized, what is needed to start is one's discretionary income, but to maintain that investment requires a whole lot than just your discretionary income...Infact I like insinuating that sustaining your investment for a timeline of 4-10 year and longer happens to be the most hardest part since it requires both your physical effort( figuring out your discretionary income, increasing income and building some backup) as well as some mental effort( Long term mindset).... To sustain their investments, folks have to personally figure out things that works for them, they shouldn't be found relying on what works for other... For instance folks have to personally figure out if their supposed level of discretionary is sufficient to invest whilst also building some backup....And if it wouldn't be, they could very well try to personally figure out if they could cut down some unnecessary expenses whilst also increasing their income either by setting out a very lucrative business or whatever other mean that could very well help them source out some discretionary income... That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Sure it is very very recommended that folks start buying as soon as possible once they have figured out their discretionary income... But yet at time folks may not have the full conviction about Bitcoin when they start out and this their half conviction may lead to inconsistency in the way they buy as well as using little amounts. So even if folks start out with little amounts and still aren't consistent with the way they buy, that still fine since they could very well build their level conviction along the way after getting already involved... And when they have built this their level of confidence, they could very well increase their allocation...
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Cossyblack
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Today at 10:00:03 AM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin.
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Jostern
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Today at 10:47:54 AM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin. People who doesn’t have a mindset of buying and investing in bitcoin, would always procrastinate and they will always find it difficult to make up their mind to invest in bitcoin, bitcoin is more technical than people will imagine, having a discretionary income is the most difficult part of investing in bitcoin, because you will always need money to buy bitcoin, particularly when you’re buying and investing in bitcoin, you have to always make sure you have a discretionary income available, if you don’t have a discretionary income you can’t obviously invest in bitcoin, which is why you need to work on your financial buoyancy to stay consistent in investing and accumulating bitcoin, having that available cashflow of different channels would obviously be a better way of having a discretionary income availability.
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Charcol
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Today at 10:52:15 AM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin. Yes, overthinking can sometimes ruin our opportunities. Although I believe that Bitcoin will create opportunities for us for many decades. However, Bitcoin is not new, it has gone through many cycles, endured a lot of criticism, and yet it has survived and become strong. So if we are indecisive about it, we may not be able to profit but face the loss of inflation. The biggest risk in the market is often not our wrong decision, but rather the mistake of not reaching any decision. Again, jumping in without preparation is not the solution. The realistic approach is to start small, build your own experience and gradually increase your position. In this way, we can also make decisions, and there is no undue pressure. Many times, people wait for the perfect moment, but there is no such thing as a perfect entry in the market. If we are ready, that is, if we have discretionary income, then it may be reasonable to invest now. If we are really interested in investing, then it is better to start with limited exposure. This reduces mental hesitation, increases practical experience and builds self-confidence. Ultimately, I think learning through our actions is much more effective than overthinking.
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Xackie
Jr. Member
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Today at 11:30:52 AM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin. People who doesn’t have a mindset of buying and investing in bitcoin, would always procrastinate and they will always find it difficult to make up their mind to invest in bitcoin, bitcoin is more technical than people will imagine, having a discretionary income is the most difficult part of investing in bitcoin, because you will always need money to buy bitcoin, particularly when you’re buying and investing in bitcoin, you have to always make sure you have a discretionary income available, if you don’t have a discretionary income you can’t obviously invest in bitcoin, which is why you need to work on your financial buoyancy to stay consistent in investing and accumulating bitcoin, having that available cashflow of different channels would obviously be a better way of having a discretionary income availability. I understand you. Having the proper mindset is very important when investing and holding Bitcoin. Bitcoin isn't something that you will just buy casually and forget, it requires planning and Consistency, it's just like planting a tree where you watering it till it bares lots of fruits. Without having discretionary income, it's impossible to invest steadily. As you are receiving your income, it's better to some cash aside specifically for Bitcoin. Even if it's small, but as long as you keep buying regularly, your Bitcoin will keep increasing. The main thing is to stay disciplined and not let hesitation or lack of funds stop your accumulation journey.
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Gallar
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Today at 02:22:17 PM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
I think, besides delaying starting, what I think is even more important to avoid when investing in Bitcoin is overthinking profits. For example, if we're already thinking about profits before we start, it will hinder our investment. So, when investing in Bitcoin, the first thing we should think about is risk management, as that's what's important, in my opinion. I think most people today overthink profits when investing in Bitcoin. While that's not necessarily a mistake, if you constantly think about it and it becomes an obsession, it will be the biggest obstacle to holding your Bitcoin long-term. Because people who overthink profits will undoubtedly sell their Bitcoins even when they make a small profit. Therefore, at the beginning of investing, we shouldn't think about profits first, but rather think about the process and risk management.
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Frankolala
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Today at 02:24:47 PM |
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I understand you. Having the proper mindset is very important when investing and holding Bitcoin. Bitcoin isn't something that you will just buy casually and forget, it requires planning and Consistency, it's just like planting a tree where you watering it till it bares lots of fruits. Without having discretionary income, it's impossible to invest steadily. As you are receiving your income, it's better to some cash aside specifically for Bitcoin. Even if it's small, but as long as you keep buying regularly, your Bitcoin will keep increasing. The main thing is to stay disciplined and not let hesitation or lack of funds stop your accumulation journey.
Maybe, I didn't get your message correctly but anyone that lack funds cannot invest in bitcoin because you don't just need any funds to invest in bitcoin but your discretionary income which is the main reason why folks need look for a means to have a discretionary income in order for them to invest in bitcoin. If you don't have a discretionary income you cannot force yourself to invest otherwise, it's gambling and you will sell your bitcoin when it's not of your will.
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Rockson1
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Today at 02:41:19 PM |
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We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income.
What every newbie need to invest in Bitcoin is basic knowledge, such persons must be financially and mentally ready to invest, I do not want to be misunderstood where I said financially ready, it may sound somehow but it is not a must that we must start very big, different persons with their different financial strength that gives them the ability to figure out their discreationary income from their source of income, Bitcoin is an easy investment if people can put heads down to understand what discreationary income is, if investor started from somewhere, some persons that have big portfolio today, may have started back then with few bucks using DCA strategy but at some point they increased because they had more flow of income, IMO I do not think Bitcoin investment requires any skill at all, after all we are not taking it's technicality, strictly on investment which requires only basic knowledge.
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Grace333
Full Member
 
Offline
Activity: 630
Merit: 178
Contributing to Bitcoin Network
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Today at 03:12:49 PM |
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That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.
Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin. Yes, overthinking can sometimes ruin our opportunities. Although I believe that Bitcoin will create opportunities for us for many decades. However, Bitcoin is not new, it has gone through many cycles, endured a lot of criticism, and yet it has survived and become strong. So if we are indecisive about it, we may not be able to profit but face the loss of inflation. The biggest risk in the market is often not our wrong decision, but rather the mistake of not reaching any decision. Again, jumping in without preparation is not the solution. The realistic approach is to start small, build your own experience and gradually increase your position. In this way, we can also make decisions, and there is no undue pressure. Many times, people wait for the perfect moment, but there is no such thing as a perfect entry in the market. If we are ready, that is, if we have discretionary income, then it may be reasonable to invest now. If we are really interested in investing, then it is better to start with limited exposure. This reduces mental hesitation, increases practical experience and builds self-confidence. Ultimately, I think learning through our actions is much more effective than overthinking. Well i believe what folks need to get started with their bitcoin investment is just common sense to discover that they have discretionary income from their income and they can get started ASAP. Planning without implementing it is a waste of time, or even taking longer time to plan or prepare and missing out on opportunities is something no body should experience. The major idea is to get started, all other experience and knowledge and Planning can come along your accumulation. Besides personal experience gives Planning enough clarity compare to when you have no knowledge at all. Inflation over the years is enough evidence and reason that we should get started with bitcoin and not procrastinating because we want to try to play smart by planning, what happened to all the planning they've been making all their lifetime, it all ended up being inflated.
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Mr_Brilliant$
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Today at 04:07:24 PM |
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I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;
Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income. That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer. Overthinking is a big silent killer.. someone can just be analyzing from January reach December, and still not buy even $10 worth lol.. Meanwhile the person that just start small with DCA has already build small stack without even stressing himself.. And yeah consistency is it, knowledge plus time plus steady income, will equal strong position.. If income stable, you will not panic sell at every little move.. You will just be chilled and be accumulate like it is just a normal weekly or monthly subscription.. Because action really matters more than so many theory..
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MissNonFall9
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Today at 04:33:27 PM |
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I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;
Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income. That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer. It is essential for us to have practical thinking to do any work, but excessive thinking takes us far away from the right decision and causes us to deviate from our goals. Therefore instead of waiting for the perfect time to invest in cryptocurrencies like Bitcoin, I think it is better to invest smoothly through the DCA method. Because through DCA, we can reduce market risk by staying away from emotions and investing with small amount of money in an affordable time. I believe that this will give us maximum security in the era of volatile cryptocurrencies.
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Showlove01
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Today at 04:59:48 PM |
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I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;
Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income. That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer. It is essential for us to have practical thinking to do any work, but excessive thinking takes us far away from the right decision and causes us to deviate from our goals. Therefore instead of waiting for the perfect time to invest in cryptocurrencies like Bitcoin, I think it is better to invest smoothly through the DCA method. Because through DCA, we can reduce market risk by staying away from emotions and investing with small amount of money in an affordable time. I believe that this will give us maximum security in the era of volatile cryptocurrencies. Stop contradicting things why not just say Bitcoin Instead of cryptocurrencirs like Bitcoin that is an absolute contradiction especially to newbie who don't know the difference.. using DCA is very nice but DCA doesn't mean investing with small amount of money alone because some people misinterpret this method, both rich and poor can use it, a big amount of money can also be used to DCA but it all depends on your discretionary.
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Jamestown70
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Activity: 135
Merit: 14
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Today at 06:36:34 PM |
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Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin.
For those over thinkers, they see all opportunities presented before them from two angle, what if I do this and I get caught off guard, or what if I do this and it turns out to come out perfectly fine, its not a bad idea for one to analyze the pros and cons of an investment before indulging, but spending much time thinking over and over again, that is when it becomes wrong, what I’ve to recommend for you is that, you can literally use your discretionary funds to do your thinking for you, but then you’ll need to have a lot more patient to be able to see the result, because Bitcoin doesn’t reward desperation.
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PhilosopherKing
Member

Offline
Activity: 140
Merit: 52
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Today at 08:02:31 PM |
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Someone who is overthinking hasn't made up his mind to invest in bitcoin because he still unsure whether bitcoin is a reliable coin to invest. If he continue to overthink it, his plans to invest in bitcoin might changed and his mindset towards bitcoin could also be polluted. Instead of overthinking it, they should just invest without delay. Nobody is being forced to invest in bitcoin so anyone that has the intention to invest should do it straight away rather than making it look as if they are being begged to invest in bitcoin.
For those over thinkers, they see all opportunities presented before them from two angle, what if I do this and I get caught off guard, or what if I do this and it turns out to come out perfectly fine, its not a bad idea for one to analyze the pros and cons of an investment before indulging, but spending much time thinking over and over again, that is when it becomes wrong, what I’ve to recommend for you is that, you can literally use your discretionary funds to do your thinking for you, but then you’ll need to have a lot more patient to be able to see the result, because Bitcoin doesn’t reward desperation. Action and effort is the bringer of results, overanalyzing is just so dumb for my liking and would only keep people a no-cooiner for the rest of their life. People should quit wasting a whole lot of their time overanalyzing God know what, when they can start small with the cash they can afforded to loose and scale up to their desired amount as they go.
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Bigjoe33
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Today at 08:38:15 PM |
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It is essential for us to have practical thinking to do any work, but excessive thinking takes us far away from the right decision and causes us to deviate from our goals. Therefore instead of waiting for the perfect time to invest in cryptocurrencies like Bitcoin, I think it is better to invest smoothly through the DCA method. Because through DCA, we can reduce market risk by staying away from emotions and investing with small amount of money in an affordable time. I believe that this will give us maximum security in the era of volatile cryptocurrencies.
Are you investing in crypto currency or in Bitcoin? Why use The two words as though they mean and/or stand for the same thing altogether? You shouldn't use them interchangeably as that could be misleading. Firstly , you mentioned crypto currency, and Your last statement, you mentioned it again, referring to bitcoin as 'volatile crypto currency', and which is not acceptable here in this thread and is very misleading. Using the word ''cryptocurrency'' is very ambiguous, it's advisable you become more precise in your use of words. I believe you are referring to bitcoin, since bitcoin is what we discuss here in this thread, so its more better, clearer and acceptable is you just call it BITCOIN and not use crypto currency since it is wide and no other coin can be compared to Bitcoin, at least for now. Secondly, bitcoin is volatile and that's why it is best that investors face there investments with utmost and well income allocation and management, using the DCA strategy of accumulating Bitcoin to avoid investing with the wrong funds. Of course, you can't know everything before you begin your investment, so those thinking and over thinking are only slowing themselves down or preventing themselves from starting there investments. If one is able to figure out his discretionary income, the he can begin his investment and other knowledge will be gotten or learned whole already in the market. With this, you are already a coiner and you stand a chance of getting a first hand experience information
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