Buy Buy Buy or Sell Sell Sell?

[PhilosopherKing]

Being new to Bitcoin does not mean being ignorant, but rather lacking experience. Even those of us who know a little bit today have made common mistakes like FOMO, wrong timing, excessive leverage, or selling for a small profit at one time or another. Learning from those mistakes and making the same mistakes over and over again, for beginners, I think there are three things that should be emphasized more Risk management Investing money that will not have a big impact on your personal life even if you lose it, Patience and planning It is more effective to follow specific strategies such as buying in small amounts regularly rather than making decisions based on sudden price movements. Self custody and security are very important, not leaving them on exchanges, but rather in a personal wallet and awareness of private keys. Not only pointing out mistakes, but also explaining the reasons behind mistakes helps beginners mature faster.

The most reliable knowledge in the world is the learning that is obtained from mistakes. Those who are new need to analyze the reasons for the steps they understand to be wrong and later protect themselves from all those mistakes and take relatively strong and mature decisions or steps. Literal knowledge and practical knowledge are completely different but both are necessary because one knowledge shows us the way and the other knowledge smooths our path. I agree with your words in that regard. None of us is above mistakes, but if we cannot learn from the mistakes we make or if those mistakes cannot enrich us, then those mistakes will not benefit us. So we need to analyze our mistakes and go through regular investment.

Nobody is above mistakes, true. But that does not mean that everybody is supposed to wreck their investments first all in the name of trying to learn. This forum is there and so is Mister JJG and others to help people learn and fix whatever mistakes they seem to be fucking around with before they wreck their investments.

For someone that is new, they can begin small and top up while they are ongoingly investing so whatever error they make as newbies wouldn't cost them a lot.

[HajiBagi]

The intention of buying dips is not bad but it creates problems when everyone is just waiting for this dip to buy but they move away from consistent investment. Dip buying works best when it is used in conjunction with continuous buying (DCA). The practice of DCA investment is very important because DCA investment strengthens an investor mentally as well as plays a good role in making the right decisions, as a result of which investors do not get too excited when the market fluctuates. In long-term investment, the psychological aspect is important because by buying gradually and consistently, an investor builds confidence, due to which he can take any decision regarding the investment.

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

Using DCA methods is a very good option for every investor but it is a choice for those who want to do it, i support the idea because it is the best option for everyone who wants to make themselves feel balanced when you are investing in bitcoin without thinking of the price, or waiting for the dip before buying but those who are willing to wait for dip to buy have the reasons for buying the dip, it is just a waste of time and it really affects some people that wants to buy.

Buying the dip is what some people are used to and they feels like it is their best option for them to buy at the price they want, everything has advantages and disadvantages but as a person who is serious to buy a bitcoin will never wait for the price to drop before buying bitcoin, bitcoin is unpredictable and waiting for the price to drop can make you regret if the price did not drop and you have been waiting for a long time.

[ejikeme24]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

[JayJuanGee]

[edited out]

I see new investors in Bitcoin a little differently. Newbies are those who have or will have some knowledge gaps that you or the knowledgeable people on this forum have at the beginning. And I am grateful to those who have been constantly advising us and also to your valuable comments. I have warned new investors and strategically encouraged them by first pointing out the mistakes they make in the beginning.
[/quote]Being new to Bitcoin does not mean being ignorant, but rather lacking experience. Even those of us who know a little bit today have made common mistakes like FOMO, wrong timing, excessive leverage, or selling for a small profit at one time or another. Learning from those mistakes and making the same mistakes over and over again, for beginners, I think there are three things that should be emphasized more Risk management Investing money that will not have a big impact on your personal life even if you lose it, Patience and planning It is more effective to follow specific strategies such as buying in small amounts regularly rather than making decisions based on sudden price movements. Self custody and security are very important, not leaving them on exchanges, but rather in a personal wallet and awareness of private keys. Not only pointing out mistakes, but also explaining the reasons behind mistakes helps beginners mature faster.
[/quote]

All of your points are reasonable Abelly - except, I think it bears clarifying that beginners do not need to learn self custody prior to getting started, and it might take a beginner several months before he starts to self-custody some or all of his bitcoin.

Frequently, it is much better to get used to figuring out discretionary funds and starting to invest in bitcoin right away, and even though self-custody is powerful for both individuals and for bitcoin as an asset class, many guys might have to spend some time to study their various self-custody options in order to figure out what form of self-custody they should learn and put into practice.. while at the same time recognizing that some folks are more technical than others, which is likely going to affect both how they learn about self-custody and how they might end up putting self-custody into practice.

[PERtua]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

I support both of you that the investment in Bitcoin is, after all, an individual matter, and all investors have to deal with the consequences of their personal actions. The prospect of waiting until a dip seems a strategic move, yet can also be used as an analysis as a reason to procrastinate long-term accumulation. There is no one who is impacted by your decision to delay purchase except on your portfolio growth. Discretionary income is a major determinant to most individuals. Once that is addressed well, it is easier and less stressful to have consistent DCA. It is hard to get the market exactly right, and a gradual accumulation strategy and commitment to a long-range belief can often be a more reasonable approach than trying to find the perfect entry point.

[ruykeri]

Nobody is above mistakes, true. But that does not mean that everybody is supposed to wreck their investments first all in the name of trying to learn. This forum is there and so is Mister JJG and others to help people learn and fix whatever mistakes they seem to be fucking around with before they wreck their investments.

For someone that is new, they can begin small and top up while they are ongoingly investing so whatever error they make as newbies wouldn't cost them a lot.

Here, senior members or those with experience like jjg do not say anything considering an individual person. They give an idea about a standard planning. From where a person has to make a decision based on his own situation. He never makes a decision. I have been able to learn a lot of things on my own. Depending on that, I am investing in Bitcoin. But I have to take the decision myself. Now it is important to start with a small amount to learn. But it should be with discretionary income. After starting investment, the experience that you will actually learn from will be very effective and according to your position. It is never possible to know the mental condition after investing and how to keep yourself calm during the fluctuations in the price of Bitcoin. Even in times of emergency, one has to start investing first to understand the importance of an emergency fund.

[Showlove01]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

[POPOLUV]

Buying deep is not bad, being able to buy a currency like bitcoin at a low price is really a matter of luck but the period of habit formation is the learning period when a person has been buying regularly for 6 months or 1 year, he has seen at least one small market cycle. During this time he understands that the market does not always go up this experience gives him the confidence to use DCA later. In the crypto market especially in the case of bitcoin psychological discipline is often more important than technical analysis. Many people think that it is best to buy when the market is falling. But the problem is, no one knows for sure when the market will reach its lowest point. Just waiting for a big drop and not investing regularly buying at regular intervals DCA, which reduces the average purchase price in the long run.

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

If you are only emphasizing newbies being a little scared when the price drops during his/her Bitcoin accumulation, you are talking the fact because they are newly in the Bitcoin investments and at the same time while the Bitcoin price is really fluctuating seriously in the market, i believe the tension is  also in those investors that has plan on selling off their Bitcoin investments within a short period of time, yet we are still in the beer market, which is making them to be panicking but once you have mindset of making use of DCA strategy from the beginning as a newbie i believe that he/she will not panic because DCA strategy minimize the risk that a newbie should have be worried about.

[Omj1014]

‎I think JayJuanGee makes a vital point that often gets overlooked, the onboarding friction of self-custody. While we all preach not your keys, not your bitcoin, forcing a complete novice to manage private keys on day one can lead to permanent loss through simple user error. It’s often better to let them build a position via DCA first, then move to self-custody once the value at risk makes the effort of learning security feel necessary.
‎Regarding the "Buy the Dip" vs. DCA debate—the biggest risk of waiting for a dip is opportunity cost. If Bitcoin is at $60k and you're waiting for $50k, but it runs to $80k and never looks back, you’ve priced yourself out.
‎My take for the newbies:
‎DCA is your floor: Keep a consistent buy going regardless of price.
‎Dry powder is your ceiling: Keep a small cash reserve specifically for those 10-20% flash crashes to lower your average cost basis.

[Joeboy]

The prospect of waiting until a dip seems a strategic move, yet can also be used as an analysis as a reason to procrastinate long-term accumulation.

From my own perspective I don't see anything strategic about waiting for the dip, when folks are supposed to be DCAing... Sure folks could very well take advantage of the dip so they front load their investments, that is if it present itself to them, rather than them waiting for it...Infact here is what I think: Waiting for the dip can gradually turn folks into being a trader because every now and then they will always be monitoring the price level to know the  perfect dip to make their purchases...If folks really wants to really grow their portfolio, they don't necessarily need to behave like traders( timing/waiting for dip), when they could simply be consistently accumulating using their discretionary income while having a long term target....

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses,.

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

[Abelly]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

I support both of you that the investment in Bitcoin is, after all, an individual matter, and all investors have to deal with the consequences of their personal actions. The prospect of waiting until a dip seems a strategic move, yet can also be used as an analysis as a reason to procrastinate long-term accumulation. There is no one who is impacted by your decision to delay purchase except on your portfolio growth. Discretionary income is a major determinant to most individuals. Once that is addressed well, it is easier and less stressful to have consistent DCA. It is hard to get the market exactly right, and a gradual accumulation strategy and commitment to a long-range belief can often be a more reasonable approach than trying to find the perfect entry point.

Historically Bitcoin has had a long term upward trend, but corrections of 30%-70% in the middle are not uncommon. Those who always wait for the perfect entry often stay out of the market, while those who make large one time investments on impulse cannot handle the pressure of volatility. In this reality, regular DCA is a viable strategy for the many, especially if it is done with money that does Not affect daily needs or emergency savings.At the Last same time, it is important to Remember that DCA does not mean buying blindly. Monitoring the macroeconomic interest rate Liquidity cycle and on chain data makes investment decisions more mature. To survive in the long term, risk management, self custody awareness and patience are essential.

[Catenaccio]

Historically Bitcoin has had a long term upward trend, but corrections of 30%-70% in the middle are not uncommon.

How did you know that corrections of 30% or 70% is not common with Bitcoin?
Please tell me how you did that or which resources give you that information?

Two resources to debunk your inaccurate thinking and by knowing more about Bitcoin correction history, you will possibly have better plans for your investment, accumulation and holding.
Bitcoin's historical corrections.
Bull market correction drawdowns.
Bitcoin is crashing again.

[Sarah_Jannat42]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

We really don't know when that time will come and we will be busy buying that dip, so the best solution is to invest in a regular dollar cost averaging system. This will keep us free from the volatility of buying that specific dip. So the most important thing is to follow the DCA consistently.

[Sim_card]

At the Last same time, it is important to Remember that DCA does not mean buying blindly. Monitoring the macroeconomic interest rate Liquidity cycle and on chain data makes investment decisions more mature.

You don't need all that statement I bolded to have a matured decision on building your bitcoin investment, all a new investor needs is to figure out your discretionary income and understand financial strength and your cash inflow management so that you can use the right amount from your discretionary income that will enable you to be consistent with your DCA and keep you bitcoin accumulation ongoingly overtime.

When investing in bitcoin as a long-term investor with a bitcoin target, you only need to be buying regularly with your discretionary income and be consistent with it. Looking for other means to increase your income for an increment in discretionary income so that you can buy more bitcoin is more important than monitoring the macroeconomic interest rate liquidity circle and chain data.

Let's not add some unnecessary things or practices that wouldn't add to the increase of our bitcoin portfolio because I see it as a waste of time. However, you can learn whatever, you want to learn in your bitcoin accumulation journey but don't let it hinder your investment progress.

[Derekfunds]

Bitcoin investment is a personal thing which every investor bears its own risk alone, and thus, we are not considering buying the Dip collectively or as a group, but individually. Any individual or investor who waits for the Dip before buying will one his own only delay himself and not other investors who are concentrated on continuous DCA buys. So if you wait for the Dip before buying, it is only a problem and delay for yourself and not for others neither does it affect others. The delayed portfolio or reduced accumulation rate it's all on you and your investment. So individuals should be concentrated on good accumulation strategy and proper income allocation and management which will ensure you grow them and encourage sustainability of the assets for long time HODL.

You're absolutely correct when you said that if an investor is waiting for the market to dip before buying, that it is only a problem and delay for one self which is true and I'm sure that those guys who chose to delay their investment is already aware that they are doing themselves and not other investors, it is just like when I started my investment no one ask me to do so I just feel like it is the right time for me to get started since I was able to figure out my discretionary income as this is the only thing that is supposed to stop a guy from not getting started with their bitcoin accumulation but if a guy have figured out his discretionary, then there's no need to wait for dip to happen than to start accumulating bitcoin as soon as possible.

I support both of you that the investment in Bitcoin is, after all, an individual matter, and all investors have to deal with the consequences of their personal actions. The prospect of waiting until a dip seems a strategic move, yet can also be used as an analysis as a reason to procrastinate long-term accumulation. There is no one who is impacted by your decision to delay purchase except on your portfolio growth. Discretionary income is a major determinant to most individuals. Once that is addressed well, it is easier and less stressful to have consistent DCA. It is hard to get the market exactly right, and a gradual accumulation strategy and commitment to a long-range belief can often be a more reasonable approach than trying to find the perfect entry point.

Historically Bitcoin has had a long term upward trend, but corrections of 30%-70% in the middle are not uncommon. Those who always wait for the perfect entry often stay out of the market, while those who make large one time investments on impulse cannot handle the pressure of volatility. In this reality, regular DCA is a viable strategy for the many, especially if it is done with money that does Not affect daily needs or emergency savings.At the Last same time, it is important to Remember that DCA does not mean buying blindly. Monitoring the macroeconomic interest rate Liquidity cycle and on chain data makes investment decisions more mature. To survive in the long term, risk management, self custody awareness and patience are essential.

We all are actually aware of the history of Bitcoin even newbies are aware just that they don't have the knowledge or idea on how to go about it . I disagree with you at some point because not all investors who make a large purchase in Bitcoin are not always able to handle the pressure of volatility, those who purchased with their discretionary income don't have any shaking about the volatility of Bitcoin because they are aware of it and the people I pity are those that used money outside their discretionary to purchase a large fraction because it is obvious their intention is to sell in a short period. What someone needs to survive in Bitcoin are so many but the most important are ; discretionary income, emergency funds and patience.

[Cgrexp]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin. Before investing, it is necessary to ensure that the money required for expenses is separate and safe. If someone realizes after investing that he needs money for expenses, then he has made a mistake and will have to suffer the consequences of that mistake. For those who are not sure that they want to invest, gradual preparation is essential. They must reach a point where they are comfortable, willing and able to invest, and are prepared to have this money locked up for 4-10 years or more. If someone is hesitant, they can start with a small position size, but they must also ensure that the money invested is taken from their discretionary funds and it does not affect their regular expenses for the next 4-10 years or more. If someone is not willing to make a long-term commitment, they can start with a trading mindset, but maintaining a patient attitude is the best strategy for long-term investment personally. Investing in Bitcoin is not just about trading; It is a process of engaging with a permanent, planned, and clear mindset.

[Bluedrem]

We really don't know when that time will come and we will be busy buying that dip, so the best solution is to invest in a regular dollar cost averaging system. This will keep us free from the volatility of buying that specific dip. So the most important thing is to follow the DCA consistently.

DCA is the best method for investing. But since Bitcoin is not stable, many people wait for DIP to invest.
But there is one thing to note here and that is that in most cases, two types of funds have to be used for investment.
When people invest using the DCA method, they take out discretionary income from the ongoing monthly, weekly or daily income and use that money for investment. The thing is like this - a person's monthly discretionary income in 'A' month is $ 500, he then used some dollars from there to invest in Bitcoin.
Again, in 'B' month, since he had discretionary income, he refrained from purchasing DCA.
Again, in 'C' month, his discretionary income is $ 200, in that case, he can take some money from there and manage DCA.
On the other hand, the purchase fund in DIP comes mainly from lump sum money, that is, someone may have some lump sum money and he wants to buy Bitcoin with it, in which case he can wait for DIP.
But a person can invest in Bitcoin using both methods at the same time if he wants. In that case, he can use his discretionary income during the week or month to manage the DCA and create a separate fund for the purchase of DIP. Later, when the price of Bitcoin decreases, he can use that money to enrich the portfolio by purchasing a one-time Bitcoin.

[ChocolateBitcoinK]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary. The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

We really don't know when that time will come and we will be busy buying that dip, so the best solution is to invest in a regular dollar cost averaging system. This will keep us free from the volatility of buying that specific dip. So the most important thing is to follow the DCA consistently.

If we keep looking for more benefits when buying Bitcoin, or wait for a better and lower price to buy, then we will always face failure in these cases. Such decisions can never be rational, because there is no guarantee when Bitcoin will go in which direction, and therefore when we decide to wait before buying such a decision, then these decisions will definitely bring us negative results. When we invest using a consistent strategy, our investment is made in the safest way, and it is made at an average price when we buy using DCA, those who can truly understand and use this strategy, they will also be able to achieve its real benefits in the future.

[Btcdeybodi]

Discretionary is not actually what stops people from investing in Bitcoin but rather the major problem is responsibility and expenses, there are needs that are very vital or essential and if you don't take care of them they will surely bite you in the ass and so these essential are the things that takes people's money and left them with no discretionary.

Are you trying to say that your needs and your expenses will supersede your earnings? if it does that means you will be putting yourself in difficulty because you will still be needing more money outside your income which means you will enter into borrowing in order to meet up all your needs. However, spend within your income and no matter how small it is, learn to have a discretionary income. Human wants are insatiable, therefore there is no how that you can satisfy everything that you need when your income arrives so you need to cut on some expenses and scrap out a discretionary income to invest with.

The Dip is always a great opportunity for those that saved money to front load but not good or necessary to wait for it because we can't tell when it will come.

Waiting for a DIP does not mean you have to abandon your DCA, you can still set out a reserved fund in case of a DIP you can use it to buy the DIP.

[Brizi5000]

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

I don’t think there’s anything like sufficient discretionary income because a discretionary income is just a discretionary income no matter how small it is as far as it  is the money left with an individual after sorting or settling his basic financial needs then such money is just a discretionary income. What might look sufficient for Mr A might not look sufficient for Mr B, so there’s nothing like a sufficient discretionary income. Everyone’s discretionary income must not be the same amount, it will surely vary. What we need to start investing in bitcoin is just a discretionary income and not a sufficient income so i disagree with the statement that if a person does not have a sufficient discretionary funds he cannot start investing In bitcoin because no matter how small a discretionary income is on can actually use it to start buying bitcoin and hold for long term purpose of investment.

If someone is not willing to make a long-term commitment, they can start with a trading mindset, but maintaining a patient attitude is the best strategy for long-term investment personally. Investing in Bitcoin is not just about trading; It is a process of engaging with a permanent, planned, and clear mindset.

You seem to be favoring trading here instead of just being specific with long term investment ideas and it could be misleading to many newbies to start embarrassing trading mindset instead of long term investment. Maybe you’re a trader in an investment disguise. It’s better to be specific and straightforward to invest In bitcoin only for long term purpose because trading is a very expensive game with a more higher risk of losses when compared to a long term investment mindset.