Buy Buy Buy or Sell Sell Sell?

[Princess Leah]

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.

People always get confused about what they need to start and what they need to maintain a healthy investment, I saw where he talked about learning the necessary strategies before starting and it makes me wonder if he thinks Bitcoin is a stable coins, people forget that Bitcoin is volatile and won't wait for them to finishing learning about it.

 Just come sense like Jay had talked about before now is enough to start cause it would make anyone know that ones they've their discretionary funds figured out they can start buying then figure out how to be consistent with it and also learn other stuffs he talked about in the long run instead of waiting to learn about them before starting.

[DubemIfedigbo001]

Those who are good at money management can often take many effective steps with little money, which brings them relatively good success with little time and effort.

If you're having little discretionary income, then you may need to spend a longer time consistently accumulating in order to get a sizable stashed for yourself. This is the main reason for DCA, so you can accumulate consistently with your small discretionary income for a longer period and build out a good portfolio for yourself, you may need the continue buying for 2 or more cycles which is approximately 8 years or above and if you can follow up your investment with consistency for this said period, then you can have a chance at the good success you mentioned above.

Those going for little time and efforts are traders who are interested in short-terms profits, real investors go for long-term and that is the best way to invest into bitcoin. If you really want to stand and chance at good success in bitcoin, the you should think and act long-term.

[SuperBitMan]

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.

Sir JJG I disagree with you on this one, no one going into an investment won’t have the intention of making money, everyone that is going into an investment is doing that so he or she can make profit, it could be immediately or in the future but the main goal is to make profit, so saying if someone is trying to make money through his or her investment is a trader is wrong, if you know and you are 100% sure that bitcoin won’t give you profit in the future why did you invest in bitcoin? And again why did you decide not to invest in shitcoin I believe because you don’t want to waste your money and you know you may not get profit from it. So when it comes to investment profits will always be in your mind whether you like it or not however that those not mean your total focus should be on profit making your focus should be on building the investment and making it stronger the benefit of your dedication, commitment and hard work will come later.

Yeah if you have a very good source of income you won’t be bothered about your investment that those not mean you won’t think about the future profit you may get from it, the main reason why you need a good source of income and a backup funds when investing in bitcoin is so you won’t dip hands into it until you have reached an over accumulation stage.

[SPIDERMAN008]

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.

There are many newbies who think that the price of Bitcoin has increased a lot, so maybe it requires a lot of money to invest. But many newbies have no idea that small amounts can be invested today. Even in my own case, when I first learned about Bitcoin, the price was still too high for my ability. But the concept of investing in the long-term mentality and the DCA method of investing is really very convenient for ordinary people. Only if there is discretionary income. If someone understands this, he can reduce the risk of investing in Bitcoin. As well as ability is needed here, it is also important to know the right mentality and easy ways to invest.

[SmartCharpa]

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.

That is a backup fund, which is very important for every investor to have when investing. You and I do not know when someone can face serious financial challenges, and in that kind of situation, the backup fund will help settle the problem without affecting your investment. In a position where an investor does not have backup funds, they may be forced to sell their Bitcoin to settle the situation. In order to avoid this, that is why we are always advised to set aside backup funds.

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.

Sir JJG I disagree with you on this one, no one going into an investment won’t have the intention of making money, everyone that is going into an investment is doing that so he or she can make profit, it could be immediately or in the future but the main goal is to make profit, so saying if someone is trying to make money through his or her investment is a trader is wrong, if you know and you are 100% sure that bitcoin won’t give you profit in the future why did you invest in bitcoin? And again why did you decide not to invest in shitcoin I believe because you don’t want to waste your money and you know you may not get profit from it. So when it comes to investment profits will always be in your mind whether you like it or not however that those not mean your total focus should be on profit making your focus should be on building the investment and making it stronger the benefit of your dedication, commitment and hard work will come later.

Sure, everyone is into Bitcoin with the purpose of making money. But the reason why long term investors are not after quick gains is because they understand its future value, they believe that what the future holds is far bigger than what they have already seen. Short term investors do not have patience, while long term investors are patient and focus more on what they want to achieve. Although nobody will be happy if they lose money in Bitcoin, but even with that, long term investors still invest with the money they can afford to lose. They are into Bitcoin for the future and increase their wealth over time, which is why it cannot be compared to short term investors who fear because of any changes in the market.

[Soldroplet]

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.

Sir JJG I disagree with you on this one, no one going into an investment won’t have the intention of making money, everyone that is going into an investment is doing that so he or she can make profit, it could be immediately or in the future but the main goal is to make profit, so saying if someone is trying to make money through his or her investment is a trader is wrong, if you know and you are 100% sure that bitcoin won’t give you profit in the future why did you invest in bitcoin? And again why did you decide not to invest in shitcoin I believe because you don’t want to waste your money and you know you may not get profit from it. So when it comes to investment profits will always be in your mind whether you like it or not however that those not mean your total focus should be on profit making your focus should be on building the investment and making it stronger the benefit of your dedication, commitment and hard work will come later.

Yeah if you have a very good source of income you won’t be bothered about your investment that those not mean you won’t think about the future profit you may get from it, the main reason why you need a good source of income and a backup funds when investing in bitcoin is so you won’t dip hands into it until you have reached an over accumulation stage.

Profit is certainly a possible outcome of investment, but the main purpose of investing in Bitcoin is not just to make profit. It is important to first accumulate Bitcoin for the long term according to your ability. If the thought of profit becomes the center of your decision, then you will gradually move into the mindset of a trader. Yes, one can expect good results in the future, but the mindset of gradually making investment a main source of income is not the same as the mindset of accumulating Bitcoin for the long term.
@JayJuanGee sir never told us that Bitcoin will not give profit, rather he said that investing with the certainty of profit is wrong. Because one can have faith in Bitcoin, but it must be done in such a way that it does not put pressure on necessary expenses and emergency funds. The main thing is that it is more important to hold Bitcoin for 5-10 years or more, keeping discretionary income, cashflow and backup fund in order.

[cyberninja2]

That is a backup fund, which is very important for every investor to have when investing. You and I do not know when someone can face serious financial challenges, and in that kind of situation, the backup fund will help settle the problem without affecting your investment. In a position where an investor does not have backup funds, they may be forced to sell their Bitcoin to settle the situation. In order to avoid this, that is why we are always advised to set aside backup funds.

If Bitcoin investment feels undisturbed of course for someone who does it they must have a reserve fund because basically for anyone who wants to make the investment without having a reserve fund it will be very difficult to maintain our assets when there is a very difficult time or situation that occurs when it happens unexpectedly but with a reserve fund of course our assets will be safe and will not be disturbed for the reason that before we start of course far from before we have prepared a reserve fund because we know that we anticipate more quickly what will happen when we are busy accumulating Bitcoin investments whether short-term or long-term so for me it is no longer surprising when someone who makes an investment has prepared a reserve fund because the reserve fund is very important for someone who makes a Bitcoin investment.

[VivaMan]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Well one thing you all needs to know is that , people mostly feel relax buying after increase in price of Bitcoin,  but turns afraid when prices drops, it really happens expecting crypto market.

This has made many investors that holds for long -terms now swift to more on numbers of Bitcoin they have rather than the daily dollar rate value.
Panicking during volatility is really a mistakes most investors do.

Like I said Bitcoin is volatile,  it doesn't have a price target.
Bitcoin generally is less risky than altcoin, but has a high risk to be compared to that of traditional investments.
I suggest beginners should invest wisely and Money they can afford to keep for years untouched
People should only invest money they can afford to leave untouched for years.

[Bright0515]

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.

Sir JJG I disagree with you on this one, no one going into an investment won’t have the intention of making money, everyone that is going into an investment is doing that so he or she can make profit, it could be immediately or in the future but the main goal is to make profit,

Based on my own understanding, from what JayJuanGee said on the bold part of his comments is that "we shouldn't focus more on making profits through our Bitcoin investment because that's a trader mindset".

From my point of view, someone who's always thinking about profits will end up as a trader even though he's intentions is on long term. Imagine a situation whereby you always have the mindset of making profits and one day you see a decline on Bitcoin price, you might not be mentally strong to keep on accumulating for the long term. Someone who's intentions is to make profits always keep on observing the market and they probably end up being emotional when price declines (obviously a trader mindset).

Bitcoin investment is not a get rich quick scheme which is why you don't have to depend on it. JayJuanGee is just trying to prove that investors should only depend on their job instead of their Bitcoin investment.

Based on my perspectives, if an investor start thinking of how much profits they want to make from Bitcoin investment, they will also start thinking of when to take profits too, and they can't also stand to witness a price dip because that's not what they are expecting.

What you should do as an investor is think on how to increase your income so that you can accumulate (DCA) more money into Bitcoin.
As an investor with common sense, their main priority should be based on how to firstly build up wealth. What I'm just trying to say here is that people shouldnt think of how much they will make, instead they should only think of how many Bitcoin can can accumulate in the next 10 years or more.

[Son Of Blockchain (SOB)]

Well one thing you all needs to know is that , people mostly feel relax buying after increase in price of Bitcoin,  but turns afraid when prices drops, it really happens expecting crypto market.

This has made many investors that holds for long -terms now swift to more on numbers of Bitcoin they have rather than the daily dollar rate value.
Panicking during volatility is really a mistakes most investors do.

Like I said Bitcoin is volatile,  it doesn't have a price target.
Bitcoin generally is less risky than altcoin, but has a high risk to be compared to that of traditional investments.
I suggest beginners should invest wisely and Money they can afford to keep for years untouched
People should only invest money they can afford to leave untouched for years.

They should be more happy to buy when price drops cause it means that they're buyimg cheaper infact a long-term holder shouldn't be worried when the market drops cause such person should be using the DCA and consistent with accumulation so they'll definitely witness lots of dips and highs of the market.
 Panicking when the market is down is not for investors, there's no excuse to panic if someone claim to be an investor, even though the market is volatile, like I said Bitcoin is a long-term investment plan and holders would recover their lose as time goes so far the keep holding and accumulate consistently.

[Saltysugar99]

Profit is certainly a possible outcome of investment, but the main purpose of investing in Bitcoin is not just to make profit. It is important to first accumulate Bitcoin for the long term according to your ability. If the thought of profit becomes the center of your decision, then you will gradually move into the mindset of a trader. Yes, one can expect good results in the future, but the mindset of gradually making investment a main source of income is not the same as the mindset of accumulating Bitcoin for the long term.
@JayJuanGee sir never told us that Bitcoin will not give profit, rather he said that investing with the certainty of profit is wrong. Because one can have faith in Bitcoin, but it must be done in such a way that it does not put pressure on necessary expenses and emergency funds. The main thing is that it is more important to hold Bitcoin for 5-10 years or more, keeping discretionary income, cashflow and backup fund in order.

Why does an investor invest? Of course, they invest with the intention of making a profit. So having a profit expectation is not a bad thing. Rather, if there is no expectation of profit or future benefit, why would people invest? An investor puts his discretionary income in Bitcoin because he believes that in the long-term, Bitcoin can preserve value better than fiat money, cash savings or many traditional assets. But the problem starts when profit expectation becomes the main objective of the investment plan. Then the investor starts looking for short-term results. Then he no longer stays in the accumulation mindset, but starts moving to the trading mentality. He starts thinking about buying and selling in the short-term. This is where many investors get stuck in price guessing and trading games instead of building their Bitcoin stash. You can want profit, but you should not ruin your strategy for profit. In the case of Bitcoin investment, it is better to emphasize regular accumulation first. So plan to hold for 4-10 years or more according to your age, physical condition, and financial stability, and manage your cashflow and backup fund in such a way that you do not have to force sell in the event of a short-term price drop. An investor's mentality should not be diverted towards a trading mindset, so these things should be taken into mind.

First, the investment money should come from discretionary income. Rent, food, family responsibility, debt repayment  if you buy Bitcoin with money from all these, the investor will not be able to remain calm. If the price drops, he will panic, because he will know that he needed that money.

Secondly , it is necessary to have a backup fund. If you put all the extra money into Bitcoin just because Bitcoin is bullish, you may have to sell your coins later if a real-life problem arises. Emergency fund plays a very big role in long-term Bitcoin accumulation. Because no one knows when an emergency will happen in anyone's life. Therefore, a backup fund of 3 to 6 months should be kept.

Another important step is the time horizon should be clear. If someone is really an investor, then he should think about at least 4-10 years or more according to his age , health condition and economic stability . Buying Bitcoin for 2 months, 6 months, or the next bull market will not be an investment. It will be trading from the beginning, where the possibility of loss is greater than profit and there is a lot of risk.

Many people think of selling suddenly during Bitcoin accumulation and buying at a low price. You should stay away from such things. Because after selling once, the dip may not come again for a long time. Then you will regret it. And DCAing or regular buying system should be maintained. DCA does not guarantee profit, but it keeps the investor disciplined.

So I would say, there is no need to deny the natural purpose of profit investment. But profit expectation should not make the investor impatient. Profit may be the goal, but if you break the process and chase profit, the investor can ultimately weaken his own Bitcoin holding .

[Bryan jessy]

That is a backup fund, which is very important for every investor to have when investing. You and I do not know when someone can face serious financial challenges, and in that kind of situation, the backup fund will help settle the problem without affecting your investment. In a position where an investor does not have backup funds, they may be forced to sell their Bitcoin to settle the situation. In order to avoid this, that is why we are always advised to set aside backup funds.

If Bitcoin investment feels undisturbed of course for someone who does it they must have a reserve fund because basically for anyone who wants to make the investment without having a reserve fund it will be very difficult to maintain our assets when there is a very difficult time or situation that occurs when it happens unexpectedly but with a reserve fund of course our assets will be safe and will not be disturbed for the reason that before we start of course far from before we have prepared a reserve fund because we know that we anticipate more quickly what will happen when we are busy accumulating Bitcoin investments whether short-term or long-term so for me it is no longer surprising when someone who makes an investment has prepared a reserve fund because the reserve fund is very important for someone who makes a Bitcoin investment.

I think the best way to say it is; "having another source of income or a side hustle" aside Bitcoin investment for a person who wants to survive as a long term investor, this back up funds can be generated from other source of our income for someone that has another job, there will not be panic during dip, and the main reason having another source of income is good is because there is literally nothing that does not require funds to settle, so to avoid fear and frustration, getting a stable paying job will go long way sustaining an investor.

[laspol65]

That is a backup fund, which is very important for every investor to have when investing. You and I do not know when someone can face serious financial challenges, and in that kind of situation, the backup fund will help settle the problem without affecting your investment. In a position where an investor does not have backup funds, they may be forced to sell their Bitcoin to settle the situation. In order to avoid this, that is why we are always advised to set aside backup funds.

If Bitcoin investment feels undisturbed of course for someone who does it they must have a reserve fund because basically for anyone who wants to make the investment without having a reserve fund it will be very difficult to maintain our assets when there is a very difficult time or situation that occurs when it happens unexpectedly but with a reserve fund of course our assets will be safe and will not be disturbed for the reason that before we start of course far from before we have prepared a reserve fund because we know that we anticipate more quickly what will happen when we are busy accumulating Bitcoin investments whether short-term or long-term so for me it is no longer surprising when someone who makes an investment has prepared a reserve fund because the reserve fund is very important for someone who makes a Bitcoin investment.

I think the best way to say it is; "having another source of income or a side hustle" aside Bitcoin investment for a person who wants to survive as a long term investor, this back up funds can be generated from other source of our income for someone that has another job, there will not be panic during dip, and the main reason having another source of income is good is because there is literally nothing that does not require funds to settle, so to avoid fear and frustration, getting a stable paying job will go long way sustaining an investor.

Everyone who has invested and participated in Bitcoin must have a source of income, because no person without a high income will waste time unnecessarily. In addition to working, Bitcoin investment is enough to put his money to good use for the future, but only those who are able to keep Bitcoin investment for a long time according to the DCA method will be able to achieve more benefits.
Therefore, every person who has not yet found a source of work should definitely try and get involved in Bitcoin investment. Because Bitcoin plays a significant role in increasing the value of money for the future.

[Merit.s]

Based on my own understanding, from what JayJuanGee said on the bold part of his comments is that "we shouldn't focus more on making profits through our Bitcoin investment because that's a trader mindset".

From my point of view, someone who's always thinking about profits will end up as a trader even though he's intentions is on long term. Imagine a situation whereby you always have the mindset of making profits and one day you see a decline on Bitcoin price, you might not be mentally strong to keep on accumulating for the long term. Someone who's intentions is to make profits always keep on observing the market and they probably end up being emotional when price declines (obviously a trader mindset).

Bitcoin investment is not a get rich quick scheme which is why you don't have to depend on it. JayJuanGee is just trying to prove that investors should only depend on their job instead of their Bitcoin investment.

Based on my perspectives, if an investor start thinking of how much profits they want to make from Bitcoin investment, they will also start thinking of when to take profits too, and they can't also stand to witness a price dip because that's not what they are expecting.

What you should do as an investor is think on how to increase your income so that you can accumulate (DCA) more money into Bitcoin.
As an investor with common sense, their main priority should be based on how to firstly build up wealth. What I'm just trying to say here is that people shouldnt think of how much they will make, instead they should only think of how many Bitcoin can can accumulate in the next 10 years or more.

I feel calm when I'm not thinking about my bitcoin profits because it gives me a reason to feel that I haven't accumulated enough since I haven't reached my bitcoin target. I feel that there is time for everything and it's always one thing at a time. You cannot be thinking on how to keep your bitcoin accumulation ongoing overtime and at the same time be thinking of profits.

A time will come that if you see a high profit in your portfolio, you will be tempted to tap little from it believing that it wouldn't affect the growth your bitcoin stash because that is how our minds work. If you eventually do it once, there's a high possibility that you will tend to do it again and gradually, you will start selling and plan to buy back again thinking you are smart but in the long run, you will not be able to grow your bitcoin portfolio which was your initial plan.

I call that trading and not investing because investment should be nortured and build gradually overtime as that's everyone's aim when he invests. Bitcoin gives you double benefits at the long run. It preserve your wealth and gives you profit. Your profit will not run away, why the worries.

[Gallar]

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.

Yes, I agree with you, friend. Basically, waiting isn't a good idea if you already have discretionary funds. The longer we wait, the more potential we'll waste. Therefore, if you already have discretionary funds, you should immediately start investing in Bitcoin. Just think, if you wait to buy Bitcoin just because you don't have enough funds or wait for the price to drop, I don't think that's a good idea. Both of those things are clearly not worth waiting for if you really want to invest in Bitcoin. Therefore, I think for beginners who currently want to invest in Bitcoin but only have a small discretionary fund, invest immediately. When you start, you can determine your next steps. Unlike if you just wait, you certainly won't be able to think about what you're going to do. So, getting started is very important.

[sotelorene]

That is a backup fund, which is very important for every investor to have when investing. You and I do not know when someone can face serious financial challenges, and in that kind of situation, the backup fund will help settle the problem without affecting your investment. In a position where an investor does not have backup funds, they may be forced to sell their Bitcoin to settle the situation. In order to avoid this, that is why we are always advised to set aside backup funds.

If Bitcoin investment feels undisturbed of course for someone who does it they must have a reserve fund because basically for anyone who wants to make the investment without having a reserve fund it will be very difficult to maintain our assets when there is a very difficult time or situation that occurs when it happens unexpectedly but with a reserve fund of course our assets will be safe and will not be disturbed for the reason that before we start of course far from before we have prepared a reserve fund because we know that we anticipate more quickly what will happen when we are busy accumulating Bitcoin investments whether short-term or long-term so for me it is no longer surprising when someone who makes an investment has prepared a reserve fund because the reserve fund is very important for someone who makes a Bitcoin investment.

I think the best way to say it is; "having another source of income or a side hustle" aside Bitcoin investment for a person who wants to survive as a long term investor, this back up funds can be generated from other source of our income for someone that has another job, there will not be panic during dip, and the main reason having another source of income is good is because there is literally nothing that does not require funds to settle, so to avoid fear and frustration, getting a stable paying job will go long way sustaining an investor.

Everyone who has invested and participated in Bitcoin must have a source of income, because no person without a high income will waste time unnecessarily. In addition to working, Bitcoin investment is enough to put his money to good use for the future, but only those who are able to keep Bitcoin investment for a long time according to the DCA method will be able to achieve more benefits.
Therefore, every person who has not yet found a source of work should definitely try and get involved in Bitcoin investment. Because Bitcoin plays a significant role in increasing the value of money for the future.

There you go again sounding like apart form the DCA method any other method can not give benefit if hold for long. Which is not true and I can not agree with that because any method we are using to accumulate Bitcoin and we hold it for long term, and the price moves from the point we accumulated at, definitely we will would have a benefit so the method of accumulation doesn't deprived or won't make one not to make  profit for long term.the only advantage is that the DCA helps an investor both poor and rich to accumulate at any point and with any amount they are able to sort out as discretionary.

[ASloveapg]

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.

There are many newbies who think that the price of Bitcoin has increased a lot, so maybe it requires a lot of money to invest. But many newbies have no idea that small amounts can be invested today. Even in my own case, when I first learned about Bitcoin, the price was still too high for my ability. But the concept of investing in the long-term mentality and the DCA method of investing is really very convenient for ordinary people. Only if there is discretionary income. If someone understands this, he can reduce the risk of investing in Bitcoin. As well as ability is needed here, it is also important to know the right mentality and easy ways to invest.

Many people think that Bitcoin investment requires a lot of money, but they lack this common sense that they can start investing with whatever amount of money they have in hand. It is possible to start with any amount of money within their capacity, and after starting, it is possible to increase the amount of investment by increasing their income over time. But if we try to increase the amount of investment before starting the investment, then we will not be able to start investing, so we should invest first, and then try to increase the amount of investment. And we should remember that the process of investing in Bitcoin is a long-term process, here we have to maintain long-term investment, only then will we get the best chance of achieving something good over time.

[Baki202]

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.

There are many newbies who think that the price of Bitcoin has increased a lot, so maybe it requires a lot of money to invest. But many newbies have no idea that small amounts can be invested today. Even in my own case, when I first learned about Bitcoin, the price was still too high for my ability. But the concept of investing in the long-term mentality and the DCA method of investing is really very convenient for ordinary people. Only if there is discretionary income. If someone understands this, he can reduce the risk of investing in Bitcoin. As well as ability is needed here, it is also important to know the right mentality and easy ways to invest.

A small amount to start with is not a bad idea because you will be able to use that small amount to get used to the whole system, and what people don't understand is that they think you have to have the whole amount for you to be able to invest in Bitcoin, and they don't even know that everything can be in decimals and you can invest in what you can afford. And that is why DCA is there to help those who are going to be investing because that is one of the ways that can build you something tangible because DCA is one of the simplest ways to accumulate Bitcoin, especially when you have a source of income them follow it up with having emergency funds aside.

[GeorgeJohn]

There you go again sounding like apart form the DCA method any other method can not give benefit if hold for long. Which is not true and I can not agree with that because any method we are using to accumulate Bitcoin and we hold it for long term, and the price moves from the point we accumulated at, definitely we will would have a benefit so the method of accumulation doesn't deprived or won't make one not to make  profit for long term.the only advantage is that the DCA helps an investor both poor and rich to accumulate at any point and with any amount they are able to sort out as discretionary.

emphasizing on when to buy bitcoin, it has been the top of the town, so we should be buying bitcoin on our own detriment time, because if we are making emphasis on when to buy bitcoin it will cause a lot of arguments...So, I encourage anyone that wants to purchase bitcoin or accumulate bitcoin to not have a specific time to purchase bitcoin..so to accumulate bitcoin should be done when you have the capital

[Renampun]

There are many newbies who think that the price of Bitcoin has increased a lot, so maybe it requires a lot of money to invest. But many newbies have no idea that small amounts can be invested today. Even in my own case, when I first learned about Bitcoin, the price was still too high for my ability. But the concept of investing in the long-term mentality and the DCA method of investing is really very convenient for ordinary people. Only if there is discretionary income. If someone understands this, he can reduce the risk of investing in Bitcoin. As well as ability is needed here, it is also important to know the right mentality and easy ways to invest.

It's true that to invest in Bitcoin does not require a large amount of money, even with just a few dollars someone can start investing in Bitcoin.. the most important thing is that the money is generated from your discretionary income, so there is no need to think about spending all your income on it and then thinking that you can get big profits from it, it's not like that. just invest using your discretionary income and do DCA, then you should be able to build a portfolio without burdening your finances, even when the market drops you will not feel panicked because it is money that has basically been prepared for investment so it will not burden you mentally and make you make impulsive decisions when the market drops.