Buy Buy Buy or Sell Sell Sell?

[Crytohillss]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

I see your opinion and I accept that having a stable income shouldn't be the only requirement for Bitcoin investment, what matters here is whether anyone has disposable funds they can afford to leave invested without affecting their daily needs Yes individuals with irregular income may need to be a bit more cautious because their finances situation can change unexpected, Bitcoin is a long term run and investing cash that might be needed in the short term can cause unnecessary pressure.

[cyberninja2]

...

I see your opinion and I accept that having a stable income shouldn't be the only requirement for Bitcoin investment, what matters here is whether anyone has disposable funds they can afford to leave invested without affecting their daily needs Yes individuals with irregular income may need to be a bit more cautious because their finances situation can change unexpected, Bitcoin is a long term run and investing cash that might be needed in the short term can cause unnecessary pressure.

There are many ways to invest in Bitcoin so what you've said is clear someone doesn't have to use one method to invest in Bitcoin. There are many ways to invest in Bitcoin. For example, as long as someone has the intention to invest they must have prepared for the investment requirements. One of the things I can say is having the intention and... when they become involved in investing. Without these two things no matter how much how full and how rich someone is if they don't have these two attitudes nothing will go according to their expectations even if they have income sources exceeding their capacity.

Furthermore not having basic knowledge about how to truly achieve success in Bitcoin investment is an obstacle for those who come without starting to approach people who can be categorized as experienced investors. They basically start with very small purchases but with knowledge and experience during investing the best knowledge is gained after they do it without waiting a long time to approach themselves. Because approaching themselves doesn't work it also takes a long time which can make us always the same.

[Silikiem]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

In some ways, I agree with you, my friend. It's true that someone who isn't prepared to risk their money investing in Bitcoin would be very unwise to force it. Therefore, it's better for such people to learn a little about Bitcoin so they can better understand how Bitcoin investing works and how to achieve success. This will certainly enlighten their confidence in Bitcoin investment, and perhaps those who were previously hesitant to invest will be able to regain their doubts.

Furthermore, I disagree with your assumption about income. You say that people without a stable income are better off not investing in Bitcoin, and I disagree with this. Basically, even people without a stable income, if they can set aside discretionary funds, can and should invest in Bitcoin. Because, essentially, anyone can invest in Bitcoin if they have discretionary funds. So, it doesn't matter whether they have a stable income or not.

Anyone who isn’t ready to start investing in bitcoin should just stay away from it and focus on something else to do, there’s no point saying that they should learn a little about bitcoin where are all they just need to know is a basic knowledge and availability of discretionary income to start accumulating and investing in bitcoin. The more they continue to wait and learn that’s the more they will be attracting more fear of getting started to themselves so the best way to eliminate this fear is for them to just get started in investing in bitcoin. Once they start investing they will be able to learn more from their experiences while ongoingly accumulating bitcoin which is far better than staying and waiting trying to learn more because they will end up still not getting to understand anything as bitcoin is really unpredictable. They cannot achieve the success they want In bitcoin investment just by waiting and trying to learn more and missed out on some investment opportunities where they only need to figure out a discretionary income and start accumulating bitcoin and hold for long term goal and along the line they will gain more experience from ongoingly accumulating bitcoin.

[Grease5000]

. A person with a volatile income and a person with a stable income need to invest through their discretionary income.

I agree with you on this but there is something that you should know, as our income differs, so is our discreationary income, bit whichever way, we must learn how to stick strictly to our discreationary income as long as it has to do with our bitcon investment that's the advice and the best method to follow in maintaining keeping up with our Bitcoin acumulation, when an investor try to balance things while investing in bitcon, there won't be any problem encountered by such investor, the reason some people find things difficult as Bitcoin investors is improper approach towards their Bitcoin acumulation.

For me, the important thing is not whether my income is stable or irregular, but whether I have discretionary income available. Whether my income is stable or volatile the first thing I will do is to identify my discretionary income. then I can buy less when my income is lower. Then when it's higher, I can buy more. The key is that I only invest money I can afford to leave untouched and stay consistent over time.

[Hardyrobust]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

I see your opinion and I accept that having a stable income shouldn't be the only requirement for Bitcoin investment, what matters here is whether anyone has disposable funds they can afford to leave invested without affecting their daily needs Yes individuals with irregular income may need to be a bit more cautious because their finances situation can change unexpected, Bitcoin is a long term run and investing cash that might be needed in the short term can cause unnecessary pressure.

Am investor must not have a stable income before they can start accumulating bitcoin. Infact not having a stable source of income shouldn't be the reason why anyone should not invest in bitcoin. The most important thing is if they have discretionary income to invest with because it will be very bad for them to used money for there expenses and invest it in bitcoin.
As for those with irregular income they should be careful in other not to used money that is not there discretionary income for investing in bitcoin and putting themselves into unnecessary pressures.

[Xackie]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

I see your opinion and I accept that having a stable income shouldn't be the only requirement for Bitcoin investment, what matters here is whether anyone has disposable funds they can afford to leave invested without affecting their daily needs Yes individuals with irregular income may need to be a bit more cautious because their finances situation can change unexpected, Bitcoin is a long term run and investing cash that might be needed in the short term can cause unnecessary pressure.

‎At times people who want to start investing in Bitcoin often get confused about how they are going to start. They usually see Bitcoin price and feel that, it will require big money for them to actually kick start investing or if they don't have stable income they also feel that they can't invest or they need some level of technical knowledge to start. So many times people tend to miss out on Bitcoin because of this, it's only people who got to know about Bitcoin from the right source or are just willing to try that will later realize that you don't actually need a big amount to start or , They can use any amount that  is not beyond their capabilities and with little or no knowledge to start. Then you can then learn more about Bitcoin. over time, experience will guide your decisions better than emotions or random advice from others. In Bitcoin your Consistency matters a lot not the amount of money you want to use to invest and requires patience and discipline..

[Tmoonz]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

In some ways, I agree with you, my friend. It's true that someone who isn't prepared to risk their money investing in Bitcoin would be very unwise to force it. Therefore, it's better for such people to learn a little about Bitcoin so they can better understand how Bitcoin investing works and how to achieve success. This will certainly enlighten their confidence in Bitcoin investment, and perhaps those who were previously hesitant to invest will be able to regain their doubts.

Furthermore, I disagree with your assumption about income. You say that people without a stable income are better off not investing in Bitcoin, and I disagree with this. Basically, even people without a stable income, if they can set aside discretionary funds, can and should invest in Bitcoin. Because, essentially, anyone can invest in Bitcoin if they have discretionary funds. So, it doesn't matter whether they have a stable income or not.

Anyone who isn’t ready to start investing in bitcoin should just stay away from it and focus on something else to do, there’s no point saying that they should learn a little about bitcoin where are all they just need to know is a basic knowledge and availability of discretionary income to start accumulating and investing in bitcoin. The more they continue to wait and learn that’s the more they will be attracting more fear of getting started to themselves so the best way to eliminate this fear is for them to just get started in investing in bitcoin. Once they start investing they will be able to learn more from their experiences while ongoingly accumulating bitcoin which is far better than staying and waiting trying to learn more because they will end up still not getting to understand anything as bitcoin is really unpredictable. They cannot achieve the success they want In bitcoin investment just by waiting and trying to learn more and missed out on some investment opportunities where they only need to figure out a discretionary income and start accumulating bitcoin and hold for long term goal and along the line they will gain more experience from ongoingly accumulating bitcoin.

Could there be any difference between learning little about Bitcoin and having a basic knowledge of Bitcoin and of course with a discretionary income so you can start your Bitcoin investment? You guys are just saying the same thing if you ask me because learning little about bitcoin is more like not getting in to something that you completely have zero knowledge about which is the same thing as having a basic knowledge of something before getting started and that which we have always being talking about for anyone to get started with a discretionary income.

[SmartCharpa]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

Bitcoin is a volatile asset, so everyone who invests knows there is a high chance of losing money. That is why it is said that everyone should invest with money they can afford to lose. Nobody can predict the next move of Bitcoin. In a situation where the market doesn't increase again you will feel no pain only because you can afford to lose the money you used to buy it. Nobody should buy Bitcoin with the money meant for house rent, electricity, or other important things.

At this point, if anyone allows their emotions to control them, then they didn't believe in Bitcoin from the beginning. They doubt that it can go down one day and will never rise again. Otherwise, those who believe in its future will not allow their emotions to control them and sell just because of changes in the market.

[Don Saga]

And if we have a fixed income, then I suggest trying to invest some of it, so that there are funds remaining after meeting needs, or what is usually called discretionary funds.

You don't need to have a fixed income before you can start your bitcoin accumulation. What you need is a discretionary income. Some people incomes varies from time to time like those who have businesses and a skilled worker but they still have their discretionary income which they can use to invest in Bitcoin. While, some have fixed income with no discretionary income because they're living from hand to mouth.

Even if you discretionary income isn't steady, you can still invest in Bitcoin whenever, it ready and work on improving your income so that, you can have a steady discretionary income to DCA regularly. Steady income isn't a most before you can invest into bitcoin.

I think this is a misunderstanding from @KeenanEl19, what he should say is having a constant income rather than a fixed income. Usually,  income could be variable on certain occasions so it's advisable to set a particular percentage of whatever income for DCA; that would be after settling every important needs.

Additionally,  many people do not take bitcoin as priority but just a means of attaining generational wealth or rather a store of value. For people with this mindset, it could be quite inconsistent with their DCA investment and that is just their preference.

[Umulala-alala]

Even Sulegzy39 himself said something wrong there. It is true that he called the volatility of Bitcoin price risky, but it becomes more risky only for short time traders. The risk is less noticeable for long-term investors. Bitcoin's price volatility acts as an opportunity for long-term holders.  And there is no problem if buying bitcoin with discretionary income and hold it for years, because it is money outside the expenses of daily life. If you invest in Bitcoin from discretionary income and hold it, it will not have any impact on daily life. And you should not invest in Bitcoin with the necessary money.

And Crytohillss, you should be a little careful when quoting. It is normal to make mistakes sometimes. And you mentioned the difference between cryptocurrency and Bitcoin as a reply to the part quoted above. Which I think you replied wrongly quoted.

The risk that is associated with Bitcoin, mostly comes from it being a volatile asset.. As a volatile asset, the price can move in either the lower or higher direction within short periods of time and this is a risk that affects not only short term traders, but also long term investors... And that's majorly why it would be very wrong for folks to invest using money needed for basic needs and responsibilities.. Thebest money for investment will always be your discretionary income since it is the money that is left after basic needs and responsibilities have been sorted out...

Bitcoin is volatile that's why it's also a risky investment and we should invest with our discretionary income, but it's not only investing with our discretionary income that can reduce the risk associated with BTC, we should also invest for a longer time. Investing for a long time help reduce the risk of losing in bitcoin because the price has been appreciating in the future from the record of BTC the risk is more when people try to gamble with the market by going for a short time hunting for a short time gain and also using money they can't afford to loss which is not there discretionary income.

[DiMarxist]

Regardless of how risk Bitcoin investment is, it is worth risking for because with a long term focus on investment there is certainly going to be be a favourable period to those that took the risk. And with the volatile nature of Bitcoin it is not advisable for someone without stable income to go into Bitcoin investment or put more assets than they can not afford to let go, to avoid stories during dip season, a person who is not mentally stable or emotional strong should avoid investing in Bitcoin, so they will not later discourage others with their experience resulting from their negligence. The volatility nature and value of Bitcoin is real, and it is for those who understand and still determined to take the risk.

Bitcoin is a volatile asset, so everyone who invests knows there is a high chance of losing money. That is why it is said that everyone should invest with money they can afford to lose. Nobody can predict the next move of Bitcoin. In a situation where the market doesn't increase again you will feel no pain only because you can afford to lose the money you used to buy it. Nobody should buy Bitcoin with the money meant for house rent, electricity, or other important things.

At this point, if anyone allows their emotions to control them, then they didn't believe in Bitcoin from the beginning. They doubt that it can go down one day and will never rise again. Otherwise, those who believe in its future will not allow their emotions to control them and sell just because of changes in the market.

Removing emotions from Bitcoin related investment is one thing that should be taken seriously, just  as you have pointed out Bitcoin is a volatile asset and so the price is not something that one can easily predict. This is the reason why most people are afraid of investing in Bitcoin because the price uncertain, making it one asset that is risky so invest only with money that can be do away with with out you feeling the effects of such money.