Buy Buy Buy or Sell Sell Sell?

[As-Soon-As]

It would be foolish to feel the need to know everything if you want to invest in Bitcoin for the long term
snip

It's not necessary to know everything if you want to invest in Bitcoin. you just need to understand the basics of investing in Bitcoin, such as how much discretionary income you have and your commitment to long-term investing with DCA or accumulation.. then, as you invest, you can learn more about Bitcoin. this way, you won't procrastinate on investing because you're too busy to learn everything and keep putting it off because you feel you're not fully ready. it's better to start investing, and as you learn over time, your understanding will improve.

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

[Tmoonz]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Preferably you need to be specific and directly tell people that they can not buy bitcoin with the money meant for their basic needs or expenses that way they will have it all in mind the only ticket or criteria that qualifies them in to buying Bitcoin at anytime is only whenever they have a discretionary income and that only cuts the story so short and imperatively demanding, Bitcoin is for anyone that has a discretionary income as that balances the fear of the unknown and the competence of staying through the long period of time.

[The Founding Titan]

Bitcoin has been made in such a way that anyone can have access to it or make use of it, but the investment of Bitcoin requires a discretionary income and other side hustle, as to be able to strive well as long term investor. Because discretionary income or other side hustle will serve as a backup to the investor and once there is dip the investor will not panic but believe it will increase again, because that's how the market works.

I think you are getting the meaning of discretionary income mixed up here or getting yourself confused with your explanations about discretionary and side hustle. Note that discretionary income is different from side hustle. If you have a dise hustle different from your work which pays you salary weekly or monthly, you should note that any money that you get from the side hustle is used to boost your discretionary income, meaning that, if maybe you got money from your side hustle, and used some to settle some pressing needs, the ones left automatically becomes a Discretionary income, and as such, you can add it to the already existing discretionary, and from there you can invest and also build up back ups funds too.

So, your side hustle is not really your discretionary income, and/or is not the same with discretionary income. One of the reasons poeple tend to seek for side hustle, especially poor investors is to boost there income, thereby boosting there discretionary so that they can be able to invest more than they do into Bitcoin. Of course you should know it already that, the more your discretionary, the more amount of Bitcoin you are able to accumulate, and the lesser you discretionary, the lesser your portfolio or amount of accumulation.

By calling it side hustle we are assuming that there is a main hustle,  so if your main hustle I'd paying for all of your essential needs then any profit you are making from your side hustle is automatically considered to be a part of your discretionary income, it doesn't matter how big it is,  most people think that for a money to be consider discretionary it has to be relatively small when compared to what's needed to pay for your essential but the reality is very different, as long as your essentials have been sorted out all that's left of your funds even if its more than twice what you spent on your essentials is considered discretionary, from it you can accumulate bitcoin, set up your backup funds and treat yourself to some discretionary spendings.
So when people say to invest with your discretionary income that doesn't mean you can just cut off a part of your income and call it your discretionary income, its possible to be able to get a good amount of your discretionary income without already sorting out your needs first but this is not the case for most people so rather than assuming its better to settle your essentials first.

[Supreme Donvic]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Preferably you need to be specific and directly tell people that they can not buy bitcoin with the money meant for their basic needs or expenses that way they will have it all in mind the only ticket or criteria that qualifies them in to buying Bitcoin at anytime is only whenever they have a discretionary income and that only cuts the story so short and imperatively demanding, Bitcoin is for anyone that has a discretionary income as that balances the fear of the unknown and the competence of staying through the long period of time.

I will say it again and again if you don't have a discretionary income you cannot invest in Bitcoin the only money you should be using to accumulate Bitcoin is your discretionary income, you can be using money meant for your basic needs to invest in Bitcoin, if you are using money meant for your basic need to invest in Bitcoin you will not succeed in your bitcoin investment and you will always end up dipping your hands into your Bitcoin which is not good for investment, I don't even understand how you will survive if you use money for your basic need to accumulate Bitcoin you cannot survive it so if you don't have a discretionary income find a side hustle I believe it will be useful since it will increase your earnings and you may have a discretionary income, no matter how small the money is use it to accumulate bitcoin since it is your discretionary income, when you accumulate regularly with small amount for years you will have good amount of Bitcoin.

[MainIbem]

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Preferably you need to be specific and directly tell people that they can not buy bitcoin with the money meant for their basic needs or expenses that way they will have it all in mind the only ticket or criteria that qualifies them in to buying Bitcoin at anytime is only whenever they have a discretionary income and that only cuts the story so short and imperatively demanding, Bitcoin is for anyone that has a discretionary income as that balances the fear of the unknown and the competence of staying through the long period of time.

Everyone is responsible for their actions since it's their money but their no harm in advising people on the right way to do certain things however, when trying to advise them we should be sure we're telling them the right thing instead of misleading them while trying to be helpful and it's also good to let them know the implications of certain errors so they don't do and be like it's their money afterall so they can do whatever they want with it. However I don't expect that investors would put themselves in tight situations just cause they want to own some stash of Bitcoin, except the person is investing blindly, the healthy way to invest in Bitcoin is with the discretionary funds, using funds meant for basic needs is like a wasted effort cause with time the person would sell off cheaply to meet up daily expenses.

[GeorgeJohn]

<...>

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

It's wrong mindset that made people to think that bitcoin is specifically meant for the rich...Anyone thinking that, lacks the knowledge of how bitcoin operates...Investing in bitcoin doesn't belong the rich or the poor, investment is for everybody, but the fact is that an investor will investor according he or her capitals, You can be Investing $20 weekly, it's your choice and you can invest above, it's also your choice...so if someone invest higher than yours that doesn't mean that bitcoin investment belongs to the riches

[MissNonFall9]

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

Do we actually have to be experienced to invest in Bitcoin? Common sense, a long term investment mindset and discretionary income are enough to invest in Bitcoin. And there is not much risk in long term investment. Adopting the DCA method mitigates that risk a lot.
Those who want to argue about investing in Bitcoin may not believe in investing, they may be traders. So it is better to avoid unnecessary arguments and focus on investing, which will lead us to success.

[Tonimez]

[Edited out]

So, I think someday many people who were previously trading will switch to BTC investments. I think for those who want to invest in BTC, now is the right time. While others are trading a lot, this is actually a good opportunity for us to invest long-term in BTC.

It is true that a person who was previously in the act of bitcoin trading could someday revert into a good investor, but then how usual does such conversion happen. Most times Bitcoin traders don't realise earlier in their trading days and they end up gambling away all their fortunes. In such case, some people get frustrated out of bitcoin completely instead of going into investment due to the level of losses they have incurred. So the best way of avoiding such act is by not going into bitcoin trading (gambling) from the onset because it is addictive when we get used to it. I will say that it is better not to allow our selves to be caught in that cage of giving up on bitcoin due to the frustration we get from several losses in bitcoin trades

[Shineup]

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

You can encourage people to be buying Bitcoin consistently through the DCA as well as holding for the long term rather than selling way too soon but telling them that they will definitely be successful sounds more like saying that success in bitcoin investment is guaranteed when you buy consistently with DCA and holding for long term which is not correct, success in Bitcoin investment is not guaranteed even if you buy with the DCA and repeatedly take the opportunity to buy Bitcoin and keep it for long term, this what we should always have in mind and also tell others.

[Zackz5000]

It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses.

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

[BluebloodCXVI]

Yes, even at a glance, we're likely already aware that being a trader isn't a good idea, as the risks are substantial, combined with severe mental stress, which can make things incredibly difficult. So, I think people who become traders clearly don't research what trading is like. Because, if people had researched trading first, most people would likely avoid it.

Basically, if we have capital or discretionary funds that aren't allocated for anything, rather than wasting that money on trading, it's better to invest in Bitcoin. Besides being less difficult,, investing in Bitcoin also has significant potential for profit. So,, in essence, investing in Bitcoin is better than trading. Investing in Bitcoin also reduces stress and frees up time for other activities. That's what I believe is the added value. Therefore, I believe it's time for traders to wake up.

I get where you’re coming from and to be honest, trading really isn’t for everyone. The stress, the constant decision making, and the risks involved can wear people out quickly. But saying that people who trade are doing so because they didn’t do research about what trading is, feels a bit off. some people actually understand how tough trading is and still choose it because they like the pace or the challenge and they are willing to deal with the prsssure that comes with it.
At the same time, bitcoin investing isn’t some stress-free alternative either, although it’s easier to manage day to day, sure!, but it still comes with real volatility. Seeing your portfolio swing up and down can mess with your head too, just in a different way.
Bottom line is, it’s less about which one is better and more about what fits the individual. Your temperament, your patience, how much time you have, and how you handle risk all play a role. What feels like freedom to one person might feel like chaos to another.

[ASloveapg]

It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses.

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

We must hold Bitcoin for a long time, so we must not invest an amount of money that we cannot hold for a long time. If we cannot hold Bitcoin for a long time, the possibility of getting good results is very low, so we must hold Bitcoin for a long time and invest the amount of money that we can afford to hold, investing money that we cannot afford can only cause more losses. Because investing the necessary money can create a situation of unexpected selling, which can definitely cause big losses.

[JayJuanGee]

I think one major problems investors face is the mentality they had or come with into Bitcoin investment. Am investor that comes in with an already long term investment view or plan will simply do everything to buy and HODL, while those who do not have such long time investment plan will always see every increament in price as an opportunity to sell(trading mindset). Mindset matters, and the earlier people start changing there notion, thoughts and investment plans to long term, the better for them.

Secondly, there is no magic to holding your assets for long term if you don't do the right thing. If you don't invest rightly, build an emergency funds and back up funds, do a proper income allocation, and also manage your income properly, you won't be able to HODL for long term. In view of this, if we must HODL for long, added to our investment mentality, we must invest rightly and build the necessary funds to help guide our investment from crashing

I agree with everything you said here because you were spot on. Mindset really do matters, because you can't compare someone that was introduced to Bitcoin investment by a trader, with someone that was introduced to Bitcoin investment by a long term holder, their will always be difference. The guy that was introduced by a trader will always like to take profit from his investment thinking that it's the best thing to do, while the other person will see holding for long as the best way to go about his Bitcoin investment, so mindset and orientation from the start really do matters.

Secondly, to add to what you have already said about holding, it's true that their is no magic in that, because holding is made easier when backup funds are in place, just in case of real life emergencies, but if they are not in place, you might be forced to sell even when you never wanted to, so for the survival of your investment, back up funds are very important.

If we are early to bitcoin and still in our bitcoin accumulation phase then we are likely going to help to put ourselves into a correct mindset by buying bitcoin every week no matter the price and probably at least for 4-6 years, and then maybe after 4-6 years we can reassess if we are buying every week or if we might change our accumulation strategy in regards to frequency and persistency of ongoing bitcoin buys... and many times when we go through hypothetical numbers, there are not very many examples of guys who are able to get through their accumulation in less than 2 cycles, and they would likely need quite a bit of front loading of their investment (and ability to accomplish such front loading) to get to a point where they have gotten through their accumulation phase in less than 2 cycles.

It may appear simple, but psychologically it is quite difficult, which is why some people deviate at times and sell when they have not accumulated enough. Bitcoin investment is for those who understand what it is all about, believe in it, and are determined to meet their goal. I hope you understand that investors will face problems such as volatility, which is occasionally caused by market manipulations, but only those who are committed to reach their goals can overcome them. That is why every investor must acquire a good mentality of being patient with their investments, regardless of the hurdles, in order to achieve their goals.

There are various reasons why people sell when their investments don't reach their targets. One of them is inadequate planning, which can lead to doubts about their actions. If they have made thorough preparations, starting with understanding (at least basic knowledge) what Bitcoin and investing are, good financial management, the risks they might face, and so on, they will be more reassured and stick with their investments.

Focus on action rather than thinking about it, which means get started asap, as long as there is discretionary funds.

Otherwise, plans can be made, refined and even looked at as we go.

There is nothing wrong with ongoing reviewing and tweaking what we are doing, yet we likely need to get started and figure out ways to buy bitcoin every week, whether it is $100 per week, $10 or some other amount that reasonably fits within our discretionary funds.. and yeah, in order to strive towards some reasonable balance (even if we might be striving to be aggressive, too), our discretionary funds also need to be used for back up funds and discretionary consumption.

Even people who implement DCA with careful planning will ensure their DCA runs according to plan.

You sound like you are looking for excuses to wait rather than to act.

Assuming they want to invest but have limited funds, DCA is a solution. With careful planning, they will certainly strive to consistently set aside money each week or month.
This will be difficult without careful planning, as there are additional expenses they must cover in addition to their primary needs. 

Sure some folks need to practice in order to get used to making sure that they are investing within their discretionary funds and to be able to buy bitcoin every week, yet these are not skills beyond the skills of normal people.. There is just a need to practice, and perhaps start out slow to make sure that they are adequately allotting their discretionary funds to investing in bitcoin, back up funds and discretionary consumption.  Maybe a good starting point is 33% in each until getting used to it and then being able to review and to adjust the allocations - and yeah, there may be behaviors and preferences to review and there may also be needs to figure out if their might be ways to increase discretionary funds by increasing income and/or decreasing expenses.  

Practice helps way the fuck more than merely thinking about it.. even though I am not advocating a lack of thought, and perhaps it may well be a good idea to try to dedicate between 1-5 hours per week into looking into bitcoin and looking into cashflow management practices, and surely as the various bitcoin buying systems (and cashflow management systems) are in place and practiced, any changes and tweaking of the practices would be interactive and informed by how the practices affect finances and/or psychology... so we likely would become more and more comfortable with the passage of time and with practice, even though we also might find that there are certain times that our finances might cause us stress and consider if their might be tweaks that we can make in order to address the level of stress (such as trying to reduce it).

[whiteblue]

Focus on action rather than thinking about it, which means get started asap, as long as there is discretionary funds.

I agree, if we frequently delay making a purchase, We usually divert the money we have for other purposes, Thus wasting an opportunity to buy at that time. Decisions must be absolutely certain. If we want to invest properly, We must buy now, while the money isn't already being used for other purposes.

I believe this kind of situation often occurs among investors because They are still hesitant to Buy, thus wasting their money on other things.

If we still not ready to invest, then what you need to do is adjust we investment porpuse. Because if you Invest sincerely, You won't be influenced by other factors, such as delaying and waiting.

[PERtua]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Preferably you need to be specific and directly tell people that they can not buy bitcoin with the money meant for their basic needs or expenses that way they will have it all in mind the only ticket or criteria that qualifies them in to buying Bitcoin at anytime is only whenever they have a discretionary income and that only cuts the story so short and imperatively demanding, Bitcoin is for anyone that has a discretionary income as that balances the fear of the unknown and the competence of staying through the long period of time.

While I agree that Bitcoin is open for all. the key thing is to understand how to invest responsibly. Many newbies lose themselves in the hype and forget that Bitcoin is a long term endeavor and not a get rich scheme. It's easy to panic sell at a market dip when money is needed for rent. food. or what else you need to live on. Discretionary income is so important because of this. The key factor is consistency and patience, whether one invests in small quantities at regular intervals or over time. With Bitcoin providing freedom and privacy, investors must still exercise discipline and sound financial planning.

[alankasman]

I agree, if we frequently delay making a purchase, We usually divert the money we have for other purposes, Thus wasting an opportunity to buy at that time. Decisions must be absolutely certain. If we want to invest properly, We must buy now, while the money isn't already being used for other purposes.
I believe this kind of situation often occurs among investors because They are still hesitant to Buy, thus wasting their money on other things.
If we still not ready to invest, then what you need to do is adjust we investment porpuse. Because if you Invest sincerely, You won't be influenced by other factors, such as delaying and waiting.

These opportunities usually only occur once so when we waste them I think it's because the decisions we make must be very careful. Another reason is that if it's not urgent it's better to postpone other needs first. The money we hold or own is naturally directed toward providing us with benefits. Therefore on such occasions we need a valid decision so we don't waste time or waste our opportunity to buy Bitcoin for investment. Unless there's no other way then we can do it for other needs. This doesn't mean delaying buying Bitcoin but rather because other needs are more pressing. I don't think delaying the opportunity is a problem and we will certainly accept it or another opportunity which could become a second stage opportunity which we might not waste again.

Perhaps they feel financially sufficient so they tend to postpone it. They have made a mistake in delaying. They have the money or capital to buy Bitcoin but they still hesitate to continue. They postpone it temporarily thinking there will be a suitable time or opportunity to buy Bitcoin. I think it's natural for them to delay.

That is everyone's goal and it is true as you said that all parties if they want to do it of course they are more to adjust first to their investment goals because behind making an investment the necessary thing that must be done is adjustment is part of the main point for all parties whether rich poor, young masters and so on meaning that after starting whatever happens in investing of course we should not be influenced by other factors because it is absolutely the decision or steps that we have taken before starting the investment because basically the easiest way to invest is just with sincerity.

[Crytohillss]

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.
Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Every one has the right to decide what to do with their  but it's still important to know the risks involved before jumping into any investment Bitcoin or any investment should be done with money you can afford to leave untouched for a while, not money meant for survival or daily expenses that's where so many individuals get it wrong and end up panicking discipline matters just as much as the investment.

[BTC princess]

You are right but only some people has access to Bitcoin and again you can not make use of something you don't have so first someone have to accumulate or purchase Bitcoin before they can make use of it.  Discretionary income alone should be on the picture and forget about the side hustle before newbie get confused because a little thing can easily swift them off their feet and make them to be carried away, not that side hustle is wrong no! But what is actually needed is our discretionary income and it is only when we have understood this we can think of side hustle.

That's not really true... Bitcoin isn't limited to any class of people, it is practically open to everyone... It is accessible to the rich, the poor, the middle class, the old the young etc...And since it is open to everyone, anyone can participate in Bitcoin comfortably without any need for any unnecessary panic and whatnot if they invest using only their discretionary income...Cos if one goes beyond discretionary income, that can bring in pressure to sell at a possibly bad time, if the money used for investment becomes needed...

Bitcoin investment is for everybody that have discretionary funds to buy so money is what basically qualifies you to own it with any accumulation strategy that you choose. It's not as if you cannot buy with money for your basic needs but it has negative implications like selling your Bitcoin prematurely to settle be basic expenses. There is no competition in Bitcoin investment you can have a sizable discretionary fund and decide to be doing DCA with a very small percentage of it on the other hand you can have a relatively small discretionary fund and decide to use a lot from it for your DCA accumulation.

Anybody can own Bitcoin because it is truly decentralized you don't need to submit KYC or any sort of paperwork if you're accumulating with a none custodial wallet, it is entirely up to you to decide amount and strategy including duration. You have the privacy and freedom to decide what you want.

Preferably you need to be specific and directly tell people that they can not buy bitcoin with the money meant for their basic needs or expenses that way they will have it all in mind the only ticket or criteria that qualifies them in to buying Bitcoin at anytime is only whenever they have a discretionary income and that only cuts the story so short and imperatively demanding, Bitcoin is for anyone that has a discretionary income as that balances the fear of the unknown and the competence of staying through the long period of time.

You are very correct, they need to specify it very BOLD because using descretionary income is the best way bigginer can understand the truth in Bitcoin investment and also buy aggressively depending how their income flows , I like when someone is laying on emphasis on the rightful direction with being shaken, with this you just said bignerner will definitely know how things are without getting mislead in this Bitcoin investment journey.
Only common sense should tell anyone that using the money that is supposed to be use to run the family affairs is not supposed to be use in Bitcoin investment, because this is a long time investment and since is a long time investment no need for anyone to tamper the money that' is used for feeding to invest, no body need to tell you this but your common sense.

[SPIDERMAN008]

You are very correct, they need to specify it very BOLD because using descretionary income is the best way bigginer can understand the truth in Bitcoin investment and also buy aggressively depending how their income flows , I like when someone is laying on emphasis on the rightful direction with being shaken, with this you just said bignerner will definitely know how things are without getting mislead in this Bitcoin investment journey.
Only common sense should tell anyone that using the money that is supposed to be use to run the family affairs is not supposed to be use in Bitcoin investment, because this is a long time investment and since is a long time investment no need for anyone to tamper the money that' is used for feeding to invest, no body need to tell you this but your common sense.

Since the price of Bitcoin is volatile in the short term, it is very common that if you buy Bitcoin with the required amount of money, if you suddenly need that money, you will have to sell your Bitcoin holding. If you are forced to sell at the wrong time, it will be very harmful for your economic condition. But a new investor should not only understand the concept of investing with discretionary income but also they should aware about back up fund . Because if emergency expenses comes in life after investing, then there is a need for a backup fund. Therefore, both discretionary income and backup fund are very important for an investor. If these are strong, the mentality is strong, then it is convenient to hold for a long time.

[cyberninja2]

Since the price of Bitcoin is volatile in the short term, it is very common that if you buy Bitcoin with the required amount of money, if you suddenly need that money, you will have to sell your Bitcoin holding. If you are forced to sell at the wrong time, it will be very harmful for your economic condition. But a new investor should not only understand the concept of investing with discretionary income but also they should aware about back up fund . Because if emergency expenses comes in life after investing, then there is a need for a backup fund. Therefore, both discretionary income and backup fund are very important for an investor. If these are strong, the mentality is strong, then it is convenient to hold for a long time.

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions, of course we have to maximize what we have done, for example, someone has made a Bitcoin purchase but after doing so suddenly there are things that must be resolved suddenly, of course with very minimal income, making that person forced to sell what has been done just to solve the problem he is facing, so it is very difficult for someone who has less income to invest in Bitcoin, this is not that someone cannot invest but it is difficult to develop the ownership of Bitcoin that is held, so for those who invest, of course behind doing it, there must still be an emergency fund as a savior so that what we do with the long term is not disturbed in Bitcoin investments, our goal is to have assets for our future.