Buy Buy Buy or Sell Sell Sell?

[Davidloki]

But I think the real issue here is that you don't need to have as much as before One can figured out  when to start investing on Bitcoin investment,  people just need to start with some level of awareness Bitcoin will always expose some habits. The opinion of treating it as a long term investment instead of a quick trade makes a lot sense too. System like steady buying and managing cash flow are not about being perfect they there just to reduce some mistakes while you learn.

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

[Solokan]

It is important to have a source of income while investing, but it is not mandatory before investing. Suppose you want to invest as a newbie, but you do not have any source of income at the moment. But if you already have savings and you do not need some percentage or all of that money in the long term, then you can start investing from there little by little in your new situation. In short, it should not be that you stop investing just because you do not have a source of income. You can continue investing from your savings, bonuses or optional gifts as much as possible. Along with that, you can find a source of income. Because having a source of income is essential for a successful investment. However, it is not mandatory for the moment you start investing.

Even if we don't have a source of income, we can still invest in btc by buying it. However, I think it won't be easy to buy btc because everyone prioritizes daily expenses and emergency funds, so they can be used in case of an unexpected event

But if you have extra funds and are prepared to lose them, you can use that money to buy btc. It's best not to give up even without a source of income. There will definitely be times when we have extra money as long as we keep trying. It's even better if we have a source of income. However, I'm reminded of the story of a friend of mine who used to have no source of income but was able to buy btc and is now successful This makes me think that the most important capital is willpower. If there is a will, there will definitely be a way to success

[Frankolala]

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage.

What a brand new investor who's a no coiner needs before getting started is the basic knowledge of bitcoin and his discretionary income. He can learn about the rest as he's investing gradually since you are investing for long term because in bitcoin investment experience is the best teacher because that's what will build your confidence in bitcoin and motivate you to keep your bitcoin accumulation ongoing overtime.

It's not a must that a newbie must have all those knowledge you mentioned above because he will be wasting his time to learn missing out the opportunities in the market to build his bitcoin investment to a certain size. This is why delay is dangerous to wait and never a good strategy in bitcoin accumulation. Bitcoin knowledge is broad therefore, you cannot learn everything once or in a short time.

[Bd officer]

Even if we don't have a source of income, we can still invest in btc by buying it. However, I think it won't be easy to buy btc because everyone prioritizes daily expenses and emergency funds, so they can be used in case of an unexpected event

But if you have extra funds and are prepared to lose them, you can use that money to buy btc. It's best not to give up even without a source of income. There will definitely be times when we have extra money as long as we keep trying. It's even better if we have a source of income. However, I'm reminded of the story of a friend of mine who used to have no source of income but was able to buy btc and is now successful This makes me think that the most important capital is willpower. If there is a will, there will definitely be a way to success

Your friend did not have a source of income but where did he get the money? Because investing in Bitcoin requires money, it is important to have a source of income. Now maybe some people can invest from the property left by their father, but not everyone's father is rich so they have to earn their own income to buy BTC. In the past you could have bought a lot of BTC for $10 and if you had kept it for a long time you could have made huge profit, but now times have changed, now it is not possible for everyone to buy 1 BTC, but now there is an opportunity to accumulate BTC slowly in DCA strategy. Anyway, in my opinion it is wise to invest in DCA strategy from your income.

[gracreavix]

But I think the real issue here is that you don't need to have as much as before One can figured out  when to start investing on Bitcoin investment,  people just need to start with some level of awareness Bitcoin will always expose some habits. The opinion of treating it as a long term investment instead of a quick trade makes a lot sense too. System like steady buying and managing cash flow are not about being perfect they there just to reduce some mistakes while you learn.

Crytphillss, when you’re quoting someone, try as much as possible to be more specific on the particular part or segment of a persons comment you’re replying to, rather than just replying to the whole stuff, when your original intention is to reply to just a segmented part of the message.

And yes, it a good idea to start Bitcoin investing early, it is not really compulsory you figure everything out before you decide to start, as long as you’ve gotten the basic knowledge, and you’re able to segment your funds(knowing your discretionary funds) then you could start, then build alone other things evenly.

[Barikui1]

And yes, it a good idea to start Bitcoin investing early, it is not really compulsory you figure everything out before you decide to start, as long as you’ve gotten the basic knowledge, and you’re able to segment your funds(knowing your discretionary funds) then you could start, then build alone other things evenly.

This is exactly what all newbie investor needs to understand when investing in Bitcoin, they don't have to know it all before starting their accumulation journey, all they just need is to figure out their discretionary income to invest consistently with, and with the  basic knowledge on Bitcoin, their is nothing stopping them.

Then after starting, along the line you can seek further knowledge on what's needs to be in place in other to have a strong holding hands, like putting down emergency and reserve funds in place to protect your bitcoin investment from any emergency situation that may threatens your Bitcoin investment, so in essence of what am trying to say is that you must not know everything before starting, what you just need in other to start is your basic knowledge on it and a discretionary income to start  and accumulate consistently with.

[ruykeri]

If an investor can continue his investment with consistency and discipline using the DCA strategy, then he will be able to build a portfolio very easily. If an investor invests patiently for 4-10 years through the DCA strategy, then he will be able to accumulate a lot of SAT in these 10 years. If they are able to survive in the market, then they will have a sustainable investment and if the market price increases, they will be able to earn a huge amount of profit.

No matter how much money they invest from discretionary income, they will not suffer any loss, rather they will be able to build a worry-free investment, where they do not have to calculate the loss sum. If there is a stable income, it will not be difficult to get discretionary income. They will be able to earn more profit from this discretionary income.

An investor should always be patient and survive in the market. The human condition should be such that he will not break in any storm and if he falls, he will rise again. He will continue his investment through the DCA strategy and earning profit will be the foundation of his investment

There is no doubt that DCA is a useful strategy. But DCA does not mean that a portfolio will be built very easily. The difficult part is to maintain cash flow for 4 to 10 years or more. Manage back up funds not to  panic. Continue buying even if the market is down. I think you are emphasizing profit a little too much at the very beginning. Especially at the end you said that I marked as bold. The foundation of investment is not profit. The foundation of investment is accumulation process, discipline, and long term holding capacity. Profit may come later. It may not come in the short term. Many people do not make big profits even after buying for 2 or 3 years. So the focus of early stage investors should be to build sats. we should not measure profit.

And if you have stable income then discretionary income may not available. Even if have stable income, many people may have high expenses. So only having stable income, discretionary income is not automatically created. You have to control expenses. You have to separate wants and needs. Sometimes you may have to increase income. DCA is the best method for investing in Bitcoin. Along with this, patience and discipline are required. But these are not enough if cashflow management is weak. And the basis of investment is not profit hunting at the beginning. The basis of investment is consistent accumulation with sustainable habits.

[B-BossMan]

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage.

What a brand new investor who's a no coiner needs before getting started is the basic knowledge of bitcoin and his discretionary income. He can learn about the rest as he's investing gradually since you are investing for long term because in bitcoin investment experience is the best teacher because that's what will build your confidence in bitcoin and motivate you to keep your bitcoin accumulation ongoing overtime.

It's not a must that a newbie must have all those knowledge you mentioned above because he will be wasting his time to learn missing out the opportunities in the market to build his bitcoin investment to a certain size. This is why delay is dangerous to wait and never a good strategy in bitcoin accumulation. Bitcoin knowledge is broad therefore, you cannot learn everything once or in a short time.

I agree with you, obviously it's not necessarily for a beginner or newbies to have an extensive knowledge before begin bitcoin investment, the truth is that, understanding of bitcoin is a continuous learning process that one must develop through much experiences. Because the more you newbies consistently accumulating bitcoin expecialy by using the Dollar-Cost Averaging[ DCA]strategy, the more newbies get a practical knowledge and gaining confidence over time.

Alots of people got believe that, they must master everything first about bitcoin before investing, but that poor mindset can actually leads some of them to miss opportunities by delaying. Honestly the bitcoin knowledge is broad entirely, so waiting to know everything is something else, instead start investing small with what you can afford to lose is more relevant than waiting to become perfect or expert. Moreover, DCA strategy actually help one to reduce the cost of buying and without a single doubt it remains one the most reliable strategy when it comes to building your wealth over the long-term, so patience and consistency are much important.

[Bigjoe33]

But I think the real issue here is that you don't need to have as much as before One can figured out  when to start investing on Bitcoin investment,  people just need to start with some level of awareness Bitcoin will always expose some habits. The opinion of treating it as a long term investment instead of a quick trade makes a lot sense too. System like steady buying and managing cash flow are not about being perfect they there just to reduce some mistakes while you learn.

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

I see you are a newbie and newly registered here in the forum few months ago, and this implies that you are still in the process of learning.

It is good you know that knowledge is good in Bitcoin investment but you can't really know all at once. Secondly, you can't also be waiting to know all these you listed above before you can begin your investment journey, nope. If you do so, it will only amount to a waste of time and keep you away from begining your investment, and remember, times waits for nobody.

So, what is really needed for you to begin your investment is the basic knowledge of how to figure out your discretionary income. If you able to take care of your basic needs properly and then figure out your discretionary, which is the money left, then you can begin to invest into Bitcoin gradually with the little you can while you learn other things along. With this, you will be gaining two things simultaneously, 1) your investment is growing and 2) you are also learning how best to invest and become a better investor that will allow you to HODL your investment for a long time

Lastly, because a newbie might not have enough or sound knowledge on what is the best fraction of his discretionary to invest, it will safer that he decides to invest in little fractions, maybe as low as $10 or so, even though he can afford more than that. This is just for him to build trust, confidence and believe in the process and Bitcoin investment, and when he is able to understand better and/or has built personal confidence and/or has figured out what is best for him to invest and how best to handle his expenses and investment, the he can increase his DCA buys.

[cyberninja2]

I agree with you, obviously it's not necessarily for a beginner or newbies to have an extensive knowledge before begin bitcoin investment, the truth is that, understanding of bitcoin is a continuous learning process that one must develop through much experiences. Because the more you newbies consistently accumulating bitcoin expecialy by using the Dollar-Cost Averaging[ DCA]strategy, the more newbies get a practical knowledge and gaining confidence over time.

So, my question is is this only aimed at those who are just starting out or just learning about Bitcoin investment or what is the actual situation?

Because if I understand your statement this is very much aimed at those who are just starting out even though if it is true as I said it is something that is very appropriate for them to understand first before they start because if they start straight away there will be something they experience when they have started but do not know what they should do about Bitcoin investment one thing is true what you said earlier and one side of course it is not suitable for those who come as beginners without the slightest understanding of how to properly invest in Bitcoin because basically they have to understand more or less even though later when they have done a lot of lessons they get but this is only to be one key in opening their journey in investing in Bitcoin at least they know how to buy Bitcoin through a method that is often used by many people so that later they will make it easier for themselves in carrying out the next stage whether it is making a purchase or how they accumulate the number of BTC that will become their ownership of their future assets because they have started in the category of investing in Bitcoin.

[Hewlet]

It is important to have a source of income while investing, but it is not mandatory before investing. Suppose you want to invest as a newbie, but you do not have any source of income at the moment. But if you already have savings and you do not need some percentage or all of that money in the long term, then you can start investing from there little by little in your new situation. In short, it should not be that you stop investing just because you do not have a source of income. You can continue investing from your savings, bonuses or optional gifts as much as possible. Along with that, you can find a source of income. Because having a source of income is essential for a successful investment. However, it is not mandatory for the moment you start investing.

Even if we don't have a source of income, we can still invest in btc by buying it. However, I think it won't be easy to buy btc because everyone prioritizes daily expenses and emergency funds, so they can be used in case of an unexpected event

If You don't have a source of income, your primary concern should be on how to build it before thinking of how to invest into bitcoin. How do you intend building your bitcoin stack without a single thing on ground that helps you sort out your financial need and even leaves a reserve that goes into your bitcoin investment?

Having a source of income is the fundamentals of life. Without it everything other aspect of your life will find little or no proper expression.

If you introduce bitcoin to someone that's not earning well, it's just going to be a matter of time that he invest and sell off his bitcoin even though he's in loss because there's no way he can afford to cope with the idea of investing for the long term. Fundamentals like having a strong source of income is the kernel that strengthens a long term investor and that helps him to remain invested for the very long term.

[CageMabok]

...

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

In addition to the important things you mentioned for investing, I believe every investor should also consider their own cash flow to ensure smooth investment operations if their investment goals are long-term. Therefore, other capital resources besides those mentioned should also be carefully considered so that using a method like DCA can feel more comfortable without delay, although this method isn't necessarily forced upon everyone. Because when knowledge is in place, fundamentals are established, and risk management is properly understood, the final step is capital in the form of money to support all the things I mentioned earlier.

[Popkon6]

But I think the real issue here is that you don't need to have as much as before One can figured out  when to start investing on Bitcoin investment,  people just need to start with some level of awareness Bitcoin will always expose some habits. The opinion of treating it as a long term investment instead of a quick trade makes a lot sense too. System like steady buying and managing cash flow are not about being perfect they there just to reduce some mistakes while you learn.

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

One should not be aggressive about Bitcoin investment at all, if a new investor participates in Bitcoin investment with little knowledge, then he may definitely face obstacles after a few days. Therefore, it is necessary for newbies to understand it completely, there is no need to rush, a person may not be experienced in a short time, so it is necessary to explain it well here so that a new person can understand it completely and be attracted to Bitcoin investment and achieve success by investing in Bitcoin.
Because if Bitcoin investment is formed with attention from the beginning and the DCA method is followed, and in addition to the DCA method, an emergency fund should be formed to keep Bitcoin investment properly. In this, Bitcoin investment will have time to save enough and can grow the portfolio.

[Gallar]

Your friend did not have a source of income but where did he get the money? Because investing in Bitcoin requires money, it is important to have a source of income. Now maybe some people can invest from the property left by their father, but not everyone's father is rich so they have to earn their own income to buy BTC. In the past you could have bought a lot of BTC for $10 and if you had kept it for a long time you could have made huge profit, but now times have changed, now it is not possible for everyone to buy 1 BTC, but now there is an opportunity to accumulate BTC slowly in DCA strategy. Anyway, in my opinion it is wise to invest in DCA strategy from your income.

Yes, it's clear that if we want to invest in Bitcoin, one of the most important things is having a source of income, whatever it may be. This is what will ultimately generate discretionary funds. Without a source of income,, how will we have discretionary funds? As you said, times have changed, and Bitcoin isn't as cheap as it used to be. So, with that in mind,, we must be aware of this. Basically, if someone doesn't have a source of income, I think the first thing to think about isn't investing, but rather a job, which will eventually become a source of income, allowing us to invest in Bitcoin with discretionary funds. So, the bottom line is that investing in Bitcoin requires a source of income so that everything runs more smoothly in the long term.

[Princess Leah]

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

Some claim that Bitcoin is a risky asset yet they still invest on shitcoins, it's funny cause they're leaving a less riskier proven digital asset for the one that is more risky just because thdy want quick money and lack patience to hold,  sometimes you'll wonder how they came up with their excuses which is why i find it funny.

 Many people don't understand that despite having it's own risk factors it's the best form of investment they can go into cause it has strategies that could help mangane risk, like the DCA method you mentioned, just that they don't take their time to understand Bitcoin investment before making conclusions and wrong statements about it.

[Cossyblack]

Yes, it's clear that if we want to invest in Bitcoin, one of the most important things is having a source of income, whatever it may be. This is what will ultimately generate discretionary funds. Without a source of income,, how will we have discretionary funds? As you said, times have changed, and Bitcoin isn't as cheap as it used to be. So, with that in mind,, we must be aware of this. Basically, if someone doesn't have a source of income, I think the first thing to think about isn't investing, but rather a job, which will eventually become a source of income, allowing us to invest in Bitcoin with discretionary funds. So, the bottom line is that investing in Bitcoin requires a source of income so that everything runs more smoothly in the long term.

You're right having a source of income will generate  discretionary incomes for accumulating bitcoin but where I do not agree is where I bolded. What an investor needs to think about before investing in bitcoin is if he has discretionary income and not a source of income because discretionary income is what he needed to get started. An investor can get started if he has discretionary income income available and as he invest he can seek for a job or skill that will generate discretionary incomes. I'm clarifying that you're very wrong to have said an investor requires a source of income before getting started.

[Tonimez]

There is no need of quoting this long wall of text, it makes it harder to read. Also, your are partially right. Awareness alone is not enough to start investing in Bitcoin. Knowledge is important and capital is very important. Knowledge in bitcoin investment comprises of fundamentals, past history, volatility, risk management and security storage. In case you need a strategy for your long term investment, strategies like DCA can help you achieve your goal. DCA reduces the habit of timing the market, it reduces risk but don't eliminate risk.

Some claim that Bitcoin is a risky asset yet they still invest on shitcoins, it's funny cause they're leaving a less riskier proven digital asset for the one that is more risky just because thdy want quick money and lack patience to hold,  sometimes you'll wonder how they came up with their excuses which is why i find it funny.

 Many people don't understand that despite having it's own risk factors it's the best form of investment they can go into cause it has strategies that could help mangane risk, like the DCA method you mentioned, just that they don't take their time to understand Bitcoin investment before making conclusions and wrong statements about it.

Every human being has the right to the choices they make and this is the fact you should keep in mind. We only read and learn but it's left for everyone to decide whether he will practice it or not. There are folks who believe that they're smart enough to do the stupid things, some later realise they're making a mistake while others don't get to realise that. Bitcoin investment has stood over the years of which if I want to be stupid, I will simply ask, which of these shitcoins have survived through decades? Simple analogy will let you know it's all shits. If you haven't suffered losses from shitcoins, you won't understand why you have to avoid it by all means.

Buying bitcoin gradually will allow you to have all the luxury life and still plan for the future. So far, bitcoin has a pattern even though it's not a fixed pattern but it has stood over time. How can you moderate greed and gambling? Many risks to face by the way when I'm not even ready to risk any.

[Finebone]

Some claim that Bitcoin is a risky asset yet they still invest on shitcoins, it's funny cause they're leaving a less riskier proven digital asset for the one that is more risky just because thdy want quick money and lack patience to hold,  sometimes you'll wonder how they came up with their excuses which is why i find it funny.

Those that says that Bitcoin is a risky asset are not wrong, they are right, because Bitcoin is as risky as every other investment out there, and why it should be made known is for investors not to go all in on it, so that they wouldn't be damaged financially if their investment later didn't go as planned. So creating awareness of it risk factor is not a bad idea.

As for those that are getting involved into one shit coin or the other, it's very clear that they are doing it because of greed for 10-100x, not that they don't know the risk attached to it, which I think is more of gambling than investment.

[SmartCharpa]

Even if we don't have a source of income, we can still invest in btc by buying it. However, I think it won't be easy to buy btc because everyone prioritizes daily expenses and emergency funds, so they can be used in case of an unexpected event

There’s no saying that you must have source of income before you can invest in bitcoin. On the other hand, I believe that it will be difficult to buy bitcon without the source of income, you will find it difficult to stay consistent with your accumulation, you might end up using money for other expenses to buy bitcon. What if the person invest with the money they will need anytime soon, they will end up selling their bitcoin, whether at a loss. We need to have an income because the risks is too high.

If you introduce bitcoin to someone that's not earning well, it's just going to be a matter of time that he invest and sell off his bitcoin even though he's in loss because there's no way he can afford to cope with the idea of investing for the long term. Fundamentals like having a strong source of income is the kernel that strengthens a long term investor and that helps him to remain invested for the very long term.

I don’t think I will ever introduce someone without a source of income to invest in bitcoin, they can hold me responsible if the market does not go the way they think. Some people will assume Bitcoin will change their lives instantly, which is why you encourage them to buy. Without source of income, they might sell their bitcoin if the market is falling or when they are in need of money.

[arwin100]

Some claim that Bitcoin is a risky asset yet they still invest on shitcoins, it's funny cause they're leaving a less riskier proven digital asset for the one that is more risky just because thdy want quick money and lack patience to hold,  sometimes you'll wonder how they came up with their excuses which is why i find it funny.

Those that says that Bitcoin is a risky asset are not wrong, they are right, because Bitcoin is as risky as every other investment out there, and why it should be made known is for investors not to go all in on it, so that they wouldn't be damaged financially if their investment later didn't go as planned. So creating awareness of it risk factor is not a bad idea.

As for those that are getting involved into one shit coin or the other, it's very clear that they are doing it because of greed for 10-100x, not that they don't know the risk attached to it, which I think is more of gambling than investment.

Volatile movements of Bitcoin carries the risk already and its good that they are aware with it. Also good for people to reminded not to go all in because they might get hurt financially if there's situation that they didn't expect to happen which beyond on their plans. Risk management is always important not only on Bitcoin also with other type of investment.

Also for trying to chase quick gains from shitcoins. Majority of it is just driven by hype and greed of people. Then thinking about they can quick flip and get 10x - 100x is huge gambling and actually its hard to spot that in actual scene. Much ideal to deal with their investment responsibly and tried their best to balance the rewards and risk, then not to go on hype shitcoins.