Buy Buy Buy or Sell Sell Sell?

[Grace333]

Income plays a very important role in Bitcoin investment, but we shouldn't make it seem as if it is all about income and that you must have a good income first before you can buy Bitcoin. The most important thing to know is that irrespective of the income you make, you can still afford to buy Bitcoin.

If you think income is all you need and that the little income you have is too small for you to afford Bitcoin, there is a possibility that even if you increase your income, you may still not be able to afford to buy Bitcoin. This is because as your income increases, your demands also increase, and you will realize that you still struggle to buy Bitcoin. This is why I think buying Bitcoin has to do with mentality, good management of income, and not just about having the income only.

Investing in Bitcoin should be viewed simply without any complications. So when a person has the remaining money after meeting all family expenses, it is possible to invest in Bitcoin. Initially, that investment may be small, it does not matter. The point is how we see Bitcoin and investing in Bitcoin, as you said, investment mentality. So those who see the income issue as too big for investing in Bitcoin or delay investment for any reason are actually people with a negative mindset about investing in Bitcoin. So it must be said that as soon as we see that we have discretionary income, we should start investing without any kind of delay.

Starting small is not a crime in fact, it helps you gain control of the entire accumulate system and when you're more comfortable with bitcoin you can increase your accumulation provided your discretionary allows you to. Sometimes a lot of folks who have doubts and are not comfortable with accumulating bitcoin might feel like starting with a slow momentum, well that's fine for a start, the most important thing is that they've already started making investment in bitcoin, as time goes on they might get the urge to increase their inputs after discovering from experience and probably learn more about bitcoin.
Small start aren't neglected so long as bitcoin is concerned, and even if that's the persons financial capacity it is still fine to do what wouldn't put them in panic mood.

[icebar]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

It is true that the more additional money there is, the more flexibility there will be. Having an additional source of income can be beneficial for an investor, reducing the likelihood of him falling into financial stress. Just because there is an additional source of income, it does not guarantee success in investment. In reality, many people are able to invest effectively through regular savings and budget planning with only one source of income. Therefore, the difference is made by the skill of financial management. Because no matter how much you earn, if you cannot control risk, it is difficult to consistently build assets as well as long-term assets.

Again, even with limited income, many are able to reduce their unnecessary expenses and reach a good position through proper financial management. Success does not depend on the amount of income but on how an investor manages that income. If you do not know how to manage it, even large income can end quickly, and with proper financial management, strong wealth can be created in the long run even with limited income.

[Sulegzy39]

You can definitely begin your bitcoin adventure as long as you have discretionary income left over after meeting your demands, regardless of how many sources of income you have. We all know it's never a good idea to put off investing in Bitcoin as long as you have discretionary income, but other novices might misunderstand what you stated and wait to start their trip until they have many sources of income.

As long as you have the money, you might choose to engage in aggressive purchasing if you have another source of income.

[Big Dirams]

You can definitely begin your bitcoin adventure as long as you have discretionary income left over after meeting your demands, regardless of how many sources of income you have. We all know it's never a good idea to put off investing in Bitcoin as long as you have discretionary income, but other novices might misunderstand what you stated and wait to start their trip until they have many sources of income.

As long as you have the money, you might choose to engage in aggressive purchasing if you have another source of income.

Investing in bitcoin doesn’t need to be something to be done when saving up and sitting back to wait for our save up funds to reach some certain amount before one can invest nope. No delay anymore if we can make provision for our discretionary income then our journey towards bitcoin investment can start as soon as possible.
 
 Many things have been made easier now and we can also start our journey with the little we have no need for delay anymore. And most importantly when we have the long term mindset of investing and applying DCA to it then no need to see profits as part of the journey let forget all that and focus on the long term foundation we are setting up for ourselves, no rush but just constant accumulation and no need to prioritize profits because such mindset is traders mindset.
Buy and buy and lay the foundation of our future with bitcoin and avoiding selling at all cost, no matter what have the discipline of not selling off our holdings.

[NaTroBst]

If you are trying to make money through your investing, you are trading, not investing.

Perhaps if you can figure out ways to earn income and to support yourself from your income, then you don't have to worry about earning money from your investment until later down the road.. perhaps after a couple of cycles of investing into bitcoin.

There are things people don't understand, as soon as an investor starts his Bitcoin journey, everything should be centered on how to make the investment a smooth process by looking out for ways to have more funds to invest, just like looking for improved income not necessarily thinking about profit when we already know that Bitcoin investment is a long-term thing, I think those that think about profit from a start are not real investors although they have their choices of action and decisions but can never be called investors, you can invest today and want to withdraw tomorrow and called yourself a serious investor, people keep deceiving themselves but the real thing is that Bitcoin is futuristic in nature and those who understand that part don't deviate from it.

Also people should know that you use money to look for money you don't just believe that things will just turn around to answer to you if you don't put in equivalent of what you expect. However the amount of investment you do in Bitcoin determines your outcome or profit over a period of time and also I feel like investing in Bitcoin should not be done with the aim of withdrawing your investment at any time soon if you can invest and allow for quite a period of time am certain that you make good profit. You cannot invest and out of the blue you want to make profit already, like you said I agree with you people should rather focus on making more investment plans and sustain there Bitcoin over a period of time and definitely they are bound to making a hug profit. No doubt every investor wants to get profit and or returns on investments but then patience is a core value for every good investor.

"I do not agree with this statement that investing in Bitcoin for a long time will definitely bring good profits." When you invest in Bitcoin, you should not think that you have come to invest in Bitcoin with the hope of profit, rather you can think that investing in Bitcoin with patience, knowledge, DCA method will help you a lot in making your investment long-term.
Yes, it is not that there will be no profit in Bitcoin, but we cannot directly say that investing for a long time will definitely bring profits. We need to pay attention to patience, rules and how to improve our investment.

[TaviraCoinX]

Starting small is not a crime in fact, it helps you gain control of the entire accumulate system and when you're more comfortable with bitcoin you can increase your accumulation provided your discretionary allows you to. Sometimes a lot of folks who have doubts and are not comfortable with accumulating bitcoin might feel like starting with a slow momentum, well that's fine for a start, the most important thing is that they've already started making investment in bitcoin, as time goes on they might get the urge to increase their inputs after discovering from experience and probably learn more about bitcoin.
Small start aren't neglected so long as bitcoin is concerned, and even if that's the persons financial capacity it is still fine to do what wouldn't put them in panic mood.

Those who are just waiting for the right time to invest in Bitcoin are not only wasting their time but are also missing out on the opportunity they have, where in the past many people were not brave enough to invest in Bitcoin and now they are regretting it, but it is important to start investing even if you are small, as Bitcoin has a limited supply and it becomes more valuable over time as the price of Bitcoin has increased greatly from the past to the present, so even a small amount of regular savings can make a big difference for you in the future, so it is better for you to be consistent than not to start at all.

[As-Soon-As]

Starting small is not a crime in fact, it helps you gain control of the entire accumulate system and when you're more comfortable with bitcoin you can increase your accumulation provided your discretionary allows you to. Sometimes a lot of folks who have doubts and are not comfortable with accumulating bitcoin might feel like starting with a slow momentum, well that's fine for a start, the most important thing is that they've already started making investment in bitcoin, as time goes on they might get the urge to increase their inputs after discovering from experience and probably learn more about bitcoin.
Small start aren't neglected so long as bitcoin is concerned, and even if that's the persons financial capacity it is still fine to do what wouldn't put them in panic mood.

Those who are just waiting for the right time to invest in Bitcoin are not only wasting their time but are also missing out on the opportunity they have, where in the past many people were not brave enough to invest in Bitcoin and now they are regretting it, but it is important to start investing even if you are small, as Bitcoin has a limited supply and it becomes more valuable over time as the price of Bitcoin has increased greatly from the past to the present, so even a small amount of regular savings can make a big difference for you in the future, so it is better for you to be consistent than not to start at all.

That is why it is very important to follow the DCA method for investing in Bitcoin, you will get the opportunity to buy Bitcoin weekly and you can also take the opportunity to buy Bitcoin monthly. So according to the current situation, the more you move forward towards the future, more people are using and holding Bitcoin, so this buying opportunity should never be wasted now. Investing in Bitcoin according to the DCA method is important for everyone, you should not waste your time. So if you have money according to the DCA method, you can use the money properly.

[Charcol]

On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

It's called backup funds which comprises of your emergency funds, reserve funds and float. The emergency funds is very important because it's used to solve any unforeseen emergency that plays out as you're accumulating bitcoin so that, you don't sell your bitcoin prematurely to solve a real life emergency when it pops up.

Your emergency funds should be at least three months of your monthly expenses and it can be built simultaneously with your bitcoin investment if you don't have any form of emergency funds before starting your bitcoin investment.

We should actually create an emergency fund before investing in Bitcoin. And if someone has already started investing in Bitcoin, then a part of the new income should be set aside for creating an emergency fund. In general, the amount of this fund should be equivalent to 3-6 months of your monthly expenses.

A new investor does not have to complete everything first and then start Bitcoin. If someone has extra discretionary money aside from expenses,they can start small and build an emergency fund gradually. A 3-6 month emergency fund may be a good idea for an investor, but it is not applicable to everyone. Because not everyone's financial situation is the same.The number of months an emergency fund is best for depends on an investor's income,expenses, debts,family responsibilities, and how predictable expenses are. While a 3 month emergency fund may be enough for some, another person may need a 9 month or 1 year emergency fund. And another person may need a year or more to build an emergency fund. The idea of ​​waiting until this time to build an emergency fund and then investing is actually wrong.

[The Founding Titan]

You can definitely begin your bitcoin adventure as long as you have discretionary income left over after meeting your demands, regardless of how many sources of income you have. We all know it's never a good idea to put off investing in Bitcoin as long as you have discretionary income, but other novices might misunderstand what you stated and wait to start their trip until they have many sources of income.

As long as you have the money, you might choose to engage in aggressive purchasing if you have another source of income.

You being aggressive in your investment isn't dependent on whether you have another source but on how much of your discretionary income you are will to invest in bitcoin with so if you have multiple sources of income that's leading to you investing more than you would with just one you won't still call your investment aggressive if st the end of the day you are investing only about 30% to 40% of your total discretionary income, it might be more than when you were investing almost all of your discretionary income from one source but not as aggressive.

[alankasman]

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

It is indeed very helpful when we have an additional source of income as a tool that can make it easier for us to accumulate Bitcoin but I also think that sometimes with one source of income someone can do it as long as they have a consistent concept in managing that income because there are also those who have a fairly stable financial amount but will not be able to accumulate Bitcoin easily even though they have an income or income that is more than someone who has two sources of income. This indicates that a person's consistent attitude in managing finances can also be a way that can facilitate someone's journey in accumulating and I am more towards being consistent in managing the amount of income owned by someone who has two sources of income who does not understand the attitude towards consistency in managing finances because with a small amount if you have the intention everything feels easy.

It all comes back to oneself, but the point is that Bitcoin investment will run smoothly if we invest using discretionary income, and I am sure that it will not be disrupted by anything. As for financial management, it basically comes back to oneself, and someone who has decided to invest is already ready for everything. I believe one thing, that everything can be made easier if we have a strong desire, so in my opinion, there is no reason not to invest even if we do not have additional income.

It is true. because everything will be very smooth in investing in Bitcoin by having discretionary income because the income is purely what we get with any amount we get either weekly or monthly what is clear is that every time we do with discretionary income of course we accumulate Bitcoin without any anxiety that we feel so that what we do will produce results according to the desires that we have because basically as you mentioned there is no reason not to invest in Bitcoin as long as the intention and desire of a person still have strong confidence as long as it can still be done with any amount so even though investing in Bitcoin without additional income but by having discretionary income it is also possible even though sometimes the amount is small, but the purpose of investing in Bitcoin is there.

[ruykeri]

"I do not agree with this statement that investing in Bitcoin for a long time will definitely bring good profits." When you invest in Bitcoin, you should not think that you have come to invest in Bitcoin with the hope of profit, rather you can think that investing in Bitcoin with patience, knowledge, DCA method will help you a lot in making your investment long-term.
Yes, it is not that there will be no profit in Bitcoin, but we cannot directly say that investing for a long time will definitely bring profits. We need to pay attention to patience, rules and how to improve our investment.

Many people will lose motivation because of your words. Although you yourself are still new. So I will say that there is no 100% guarantee in investing in Bitcoin, it is true, but this does not mean that there is no possibility of profit, even the investor should not invest for the purpose of profit. Now an investor will regularly do DCA or keep a long-term holding mentality and create a back-up fund for the ability to hold because of in reality, to make a profit. If someone does not have the intention of making a profit, why he will spend so much money for a long time and hold Bitcoin . So there is no need to demotivate others by saying unrealistic things. And by holding for a long time, I mean holding for more than 4 to 10 years, there is no example of anyone not making a profit before . Because by comparing the past price, you can understand how much Bitcoin has increased in price. There is no doubt that many people have suffered losses while trading short-term, but Bitcoin is best for long-term holding.

[Mr_Brilliant$]

Income plays a very important role in Bitcoin investment, but we shouldn't make it seem as if it is all about income and that you must have a good income first before you can buy Bitcoin. The most important thing to know is that irrespective of the income you make, you can still afford to buy Bitcoin.

If you think income is all you need and that the little income you have is too small for you to afford Bitcoin, there is a possibility that even if you increase your income, you may still not be able to afford to buy Bitcoin. This is because as your income increases, your demands also increase, and you will realize that you still struggle to buy Bitcoin. This is why I think buying Bitcoin has to do with mentality, good management of income, and not just about having the income only.

Investing in Bitcoin should be viewed simply without any complications. So when a person has the remaining money after meeting all family expenses, it is possible to invest in Bitcoin. Initially, that investment may be small, it does not matter. The point is how we see Bitcoin and investing in Bitcoin, as you said, investment mentality. So those who see the income issue as too big for investing in Bitcoin or delay investment for any reason are actually people with a negative mindset about investing in Bitcoin. So it must be said that as soon as we see that we have discretionary income, we should start investing without any kind of delay.

The whole investment thing lies on discretionary income, starting small is not the problem, as long as you have been able to settle your bills, then even if it isn’t that much, as long as it’s your discretionary income and you wouldn’t go back to it when you need money, then you should start investing with that..

Bitcoin investment doesn’t have to be complicated at all, all of this are simple financial logic, the only reason why some persons aren’t able to meet up is lack of discipline..

[Tetu100]

for me I will say that it doesn't take much from us to invest in Bitcoin, just a source that we can figure out our discretionary income from, then we can invest, although it doesn't stop at that point, because we have to maintain a good strategy in other be successful in our mission as Bitcoin investors.

I love this very part that I captured. Their are some people that are still thinking that investing in bitcoin investment required a whole lot to get started, little do they know that with just a single stream of income and be able to figure out the discretionary funds then you are good to go. And again, having misunderstanding about how some certain things are done is also a setback  that can hinder one from achieving or getting involved in what wouldn't added value longtime ago. Bitcoin investment is an investment that's opened for all, the only enquiry that is required is just your discretionary funds and your are there.

[laspol65]

You can definitely begin your bitcoin adventure as long as you have discretionary income left over after meeting your demands, regardless of how many sources of income you have. We all know it's never a good idea to put off investing in Bitcoin as long as you have discretionary income, but other novices might misunderstand what you stated and wait to start their trip until they have many sources of income.
As long as you have the money, you might choose to engage in aggressive purchasing if you have another source of income.

You being aggressive in your investment isn't dependent on whether you have another source but on how much of your discretionary income you are will to invest in bitcoin with so if you have multiple sources of income that's leading to you investing more than you would with just one you won't still call your investment aggressive if st the end of the day you are investing only about 30% to 40% of your total discretionary income, it might be more than when you were investing almost all of your discretionary income from one source but not as aggressive.

If you buy regularly by following the Bitcoin DCA method, it will not be aggressive in any way. Those who buy Bitcoin aggressively are basically included in aggressive buying, so here we are investing in Bitcoin with regular consistency to hold it for a long time. So our plan is to plan for the future and hold Bitcoin correctly, and from here the more we move forward into the future, the more benefits we will be able to gain just by patiently holding Bitcoin.
So we can hold Bitcoin for a long time if we only follow the right strategies of Bitcoin investment.

[Soldroplet]

Starting small is not a crime in fact, it helps you gain control of the entire accumulate system and when you're more comfortable with bitcoin you can increase your accumulation provided your discretionary allows you to. Sometimes a lot of folks who have doubts and are not comfortable with accumulating bitcoin might feel like starting with a slow momentum, well that's fine for a start, the most important thing is that they've already started making investment in bitcoin, as time goes on they might get the urge to increase their inputs after discovering from experience and probably learn more about bitcoin.
Small start aren't neglected so long as bitcoin is concerned, and even if that's the persons financial capacity it is still fine to do what wouldn't put them in panic mood.

Those who are just waiting for the right time to invest in Bitcoin are not only wasting their time but are also missing out on the opportunity they have, where in the past many people were not brave enough to invest in Bitcoin and now they are regretting it, but it is important to start investing even if you are small, as Bitcoin has a limited supply and it becomes more valuable over time as the price of Bitcoin has increased greatly from the past to the present, so even a small amount of regular savings can make a big difference for you in the future, so it is better for you to be consistent than not to start at all.

I agree with you a lot, because there are many who miss the opportunity while waiting for the right time. However, when starting Bitcoin, it must have a reasonable income, and it is not right to say "you have to start" by ignoring the necessary expenses, cash flow, emergency fund, etc. It is not right to say that if you deposit Bitcoin in the long term, its chances are good, but it is not right to say that the "price will definitely increase", you can think that it is better to accumulate in the long term with patience.

And you said in your speech that "don't wait", but here I will say that you should understand your income and expenses, keep an emergency fund, and accumulate Bitcoin in such a way that you do not have to sell Bitcoin later. Let's say you started buying Bitcoin without waiting, But you didn't feel the need to have an emergency fund,But you started selling it in the middle of the journey due to some urgent need but it did not change for you in the long term, and you can leave it in the middle, so before starting, you must have a reasonable income. And instead of telling someone that "you are missing out on an opportunity", tell them to start small, learn, DCA Method to the best of your ability, and adjust your strategy over time.

[yixichloro2xx]

It is really a poor mentality for someone to think that they need to be rich or have a particular sum of money if they can decide to invest. Regardless of the money, the important thing you need is consistency. Some with low income that has consistency can probably do better than someone who has a big sum of money but isn't consistent in terms of their accumulations. Even if you income isn't high, you can still invest, by sorting out some of the important bills and cut off unnecessary spending, so that you can some amount left as your Discretionary income and also have back up savings. From there you can gradually build something meaningful. Better for someone to start small and steady than waiting for the perfect money and time to come.

[Bitcoin-Forever]

When the time of buying comes, some may not to know what to do or even observe for that, not because they are not willing to invest in Bitcoin, but there are many things not being in place for them to have the readiness to invest at that particular moment that it is suitable for them to enter the market, challenges like lack of fund to buy at the moment the market fall, also being inexperience to discern on the market state at a particular time that is suitable for them to come in.

Once we have the desire to invest in Bitcoin, then we have to also take more time in learning about the necessary strategy and other relevant information to begin with, bitcoin is being made easy and affordable for everyone to invest as long as we have the intention to do so, we also have the privilege of taking charge and controlling our investments by ourselves, and we are most likely to determine when to sell or by for our profitable decision.

[Bit-Mj1014]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

Your right cause I think the best way is to lean toward money management first. If your savings rate is zero, it won't matter if you have one job or three you still won't have anything left over to invest. mastering your budget on one solid income stream first. Once you have the discipline down, then you bring in side hustles to push your bitcoin accumulation.

[Hardyrobust]

When the time of buying comes, some may not to know what to do or even observe for that, not because they are not willing to invest in Bitcoin, but there are many things not being in place for them to have the readiness to invest at that particular moment that it is suitable for them to enter the market, challenges like lack of fund to buy at the moment the market fall, also being inexperience to discern on the market state at a particular time that is suitable for them to come in.

Once we have the desire to invest in Bitcoin, then we have to also take more time in learning about the necessary strategy and other relevant information to begin with, bitcoin is being made easy and affordable for everyone to invest as long as we have the intention to do so, we also have the privilege of taking charge and controlling our investments by ourselves, and we are most likely to determine when to sell or by for our profitable decision.

All the things you stated aren't necessary as for getting started to invest in bitcoin. As long as you are able to figure out if you have discretionary income to invest with them you can start accumulating bitcoin. You don't need to be experienced or to know how to predict the market before you can start accumulating bitcoin. With available discretionary income you can start buying bitcoin using the DCA strategy and to be waiting to have an experience on how to time the market. There is no need to be waiting for a suitable time while still remaining a no or low coiner, the target should be on continuous accumulation of bitcoin using the DCA strategy.

[Bitcoin-Forever]

When the time of buying comes, some may not to know what to do or even observe for that, not because they are not willing to invest in Bitcoin, but there are many things not being in place for them to have the readiness to invest at that particular moment that it is suitable for them to enter the market, challenges like lack of fund to buy at the moment the market fall, also being inexperience to discern on the market state at a particular time that is suitable for them to come in.

Once we have the desire to invest in Bitcoin, then we have to also take more time in learning about the necessary strategy and other relevant information to begin with, bitcoin is being made easy and affordable for everyone to invest as long as we have the intention to do so, we also have the privilege of taking charge and controlling our investments by ourselves, and we are most likely to determine when to sell or by for our profitable decision.

All the things you stated aren't necessary as for getting started to invest in bitcoin. As long as you are able to figure out if you have discretionary income to invest with them you can start accumulating bitcoin. You don't need to be experienced or to know how to predict the market before you can start accumulating bitcoin. With available discretionary income you can start buying bitcoin using the DCA strategy and to be waiting to have an experience on how to time the market. There is no need to be waiting for a suitable time while still remaining a no or low coiner, the target should be on continuous accumulation of bitcoin using the DCA strategy.

To make the solvency more easier, having a discretionary source of income is the first aspect that needed to be worked out and I don't think many that are interested to make investment should have this as a difficult challenge for them, what's the sort out how they could afford to invest using this strategy, that is why mostly define it suitable to adopt DCA and invest as their income flows in monthly.

But I will not agree with you that you don't also have to gain the insight/knowledge to prove your competency on knowing when it is best enough for you to buy, we have a lot of people that have the capacity of investing but don't understand the basic and fundamental requirement of investors, talking about the ability to make decision at the right time and observe the market to know when such time to buy comes, this talks about positioning as well as being well prepared in finding a suitable entry with our discretionary income for investment.