Buy Buy Buy or Sell Sell Sell?

[MusaPk]

Also, the time is long, and this is the main thing, because even if we talk about the minimum period of DCA, that is, if we talk about only 4 years, then many people do not have the patience to hold it for 4 years, and this issue must first be understood by yourself. That you are actually mentally prepared to hold it for a long time. First of all, you have to be mentally prepared, after that you can start investing with financial preparation. In the case of someone who does not have a long-term plan, DCA will never give him any effective results, but may cause more losses. Therefore, it is not enough to just start DCA, but it is important to prepare yourself mentally along with creating a financial foundation to maintain that plan for years.

If you are investing for long term like four years then it might be possible that you start seeing good results even before the four year cycle completes or there might be times in your four year cycle that your portfolio goes too low. As I already said that being owner of the invested money you have to manage both these situations. Don't just start selling everything even if you are in good profit because that's not the right strategy to sell Bitcoins with intention of buying them back later. If you follow this strategy then you won't be able to achieve financial freedom with Bitcoin.

[sotelorene]

the most important this is, they are going to start Thier Bitcoin investment after getting the basic knowledge rather Thier investment journey might be delayed.

I think it is not right to make it mandatory to have basic knowledge before starting investing. This actually delays investment and creates an excuse not to start. If someone wants to start, if they are given the condition of having basic knowledge, then naturally they will find investment something very difficult. But when you advise a new investor to invest with his discretionary income instead of a condition to start, then he can start without hesitation. Then he gets enough time to learn along with investing gradually. On the one hand, he can start investing, and on the other hand, he gets enough time to gradually develop himself as a long-term investor and learn about Bitcoin.

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

[JayJuanGee]

[edited out]

I would like to assert that it is up to a novice investor to decide based on their own judgment what they need to know and what they should learn about Bitcoin investing but at this stage one should learn along with investing. In reality, everyone will make this comment that the basics should be learned first because the Bitcoin market is a very risky and complex market. Before investing, one should understand the technology and blockchain concepts but when a novice tries to study these topics, then perhaps before investing, he may become depressed about Bitcoin due to the mental stress, so if you start simply and spend few hours a day without setting aside a specific time, maybe even inexperienced investors will have the opportunity to learn about this topic.

With your response, it still seems that you, @Just Say, continue to emphasize some need for learning some unspecified basics beyond determining the availability of sufficient discretionary funds, which I continue to proclaim is patronizing since each person should be able to figure out the extent to which he may or may not need to know more than just determining that he has sufficient discretionary funds.  Another thing is that each person should be able to get the fuck started and adjust his level of discretionary funds so that he is getting started while he is learning and figuring out a reasonable amount.

Of course any regular newbie could determine for himself that he is not comfortable enough to get started, if he might get caught up with concerns about the places where he might be sourcing his bitcoin, he could get caught up with not being sure exactly how much discretionary funds he currently has available and/or even have concerns about his future cashflow (income/expenses), so it surely could be the case that any person could decide to figure out the parts of his own cashflow that he is having trouble determining, and he is not able to resolve his concerns by merely adjusting his starting position size to be a smaller amount.  By the way, I personally find that so many newbie normies already know enough to get started right away, the main adjustment that they likely need to make is to adjust their position size down so that they can potentially look further into any of the potentially relevant concerns that they might have.

Many times both newbies who have bitcoin and even newbie low coiners who are in their early stages of bitcoin accumulation, they get caught up upon largely irrelevant concerns in regards to their believing that they need to know more about bitcoin and/or more about whether the bitcoin price might go up, down or sideways, and likely newbie no coiners and/or newbie low coiners need not be getting overly distracted by perceptions of BTC price movements for years and years and years, since they are likely way better off to just ongoingly buy bitcoin for years and years and to figure out their own budgeting and cashflow matters (and how much they want to allocate to bitcoin) rather than getting distracted by mostly irrelevant BTC price dynamic concerns.

So, perhaps it bears some repeating that concerns about personal cashflow in the present and into the near to medium term are likely way more relevant in regards to basic matters that might need to be somewhat understood and/or studied rather than beliefs that much if any value come from getting into various nitty gritties to try to understand bitcoin in any kind of meaningful way beyond maybe just recognizing the existence of sound money potentiality.

Surely, when it comes to bitcoin many folks will focus upon number go up ideas, yet the truth of the matter is that there is no real way to have confidence about whether the number is going to go up, down or sideways in the short to medium term, and perhaps a decent number of guys will resolve their uncertainties about short-to-medium term concerns about whether the number will go up, and resolve to assess that number has good chances of going up in the longer term, so then they get so much distracted into largely irrelevant attempts to assess whether or when bitcoin's number is going to go up based on it having number go up technology.

So sound money ideas or financial sovereignty ideas end up getting mixed in with number go up ideas, so there can be confusion regarding why guys are investing in bitcoin, and surely there can be difficulties figuring out any of the strength of the bitcoin investment thesis justifications for even getting involved in bitcoin, and surely I consider that those strength of the bitcoin thesis ideas do not need to be resolved in order for newbies to both get started and to figure out some ongoing position size that is comfortable to them, even if they may well start out buying bitcoin in a fairly conservative way and perhaps increase the amounts that they are putting into bitcoin as their comfort level increases, which can take quite a bit of time to increase conviction and comfort levels in order to justify buying bitcoin in more aggressive ways.

But the risks without basic knowledge are real and costly as you can fall prey to scams, phishing scams or simply take wallet security for granted. Furthermore, without basic knowledge simple technical errors like losing your seed phrase, sending it to the wrong address or using the wrong network can result in lost money. Therefore, it's best to have basic knowledge especially starting with a small amount of capital and basic knowledge even if it's still minimal, so you can learn from your mistakes.

Are you saying that a new investor should first strengthen the security of the wallet and know that not losing the seed phrase and using the wrong address or the wrong network can lead to money loss? But I think such novice investors should not worry unnecessarily about the wallet before purchasing Bitcoin or other digital assets, but with some basic understanding, they can find the right path.

There are aspects of both wallet management (holding our own keys) and even keeping coins with 3rd parties that have varying levels of concern, and surely the more value that any of us put into bitcoin, the more comfort we likely are going to need to have in regards to the security of the value that we are holding (or 3rd party custodians are holding). Many of us recognize and appreciate that quite a bit of value comes from self-custody, yet there may well be quite a few people, even technologically sophisticated persons, who might not want to start, right away, with self-custodying their coins, and there may well be quite a few non-technologically astute persons who never get to the point that they are comfortable self-custodying their coins, to the extent that we can even assume that they may or may not have someone who they trust to help them with their self-custody set-up, if they were to go down the self-custody route.

But the risks without basic knowledge are real and costly as you can fall prey to scams, phishing scams or simply take wallet security for granted. Furthermore, without basic knowledge simple technical errors like losing your seed phrase, sending it to the wrong address or using the wrong network can result in lost money. Therefore, it's best to have basic knowledge especially starting with a small amount of capital and basic knowledge even if it's still minimal, so you can learn from your mistakes.

Are you saying that a new investor should first strengthen the security of the wallet and know that not losing the seed phrase and using the wrong address or the wrong network can lead to money loss? But I think such novice investors should not worry unnecessarily about the wallet before purchasing Bitcoin or other digital assets, but with some basic understanding, they can find the right path.

I think your statement that novice investors "don't need to worry too much" about wallets before buying Bitcoin or other digital assets is both inaccurate and highly risky. It's important to emphasize that when beginners start exploring the world of crypto assets like Bitcoin, understanding wallet management and its risks is a key foundation that must be mastered. Why I say understanding wallet security is crucial for beginners, it is in line with the principle of "Not your keys, not your assets".

Yes, self-custody brings value to bitcoin and to people who are self-custodying their bitcoin, yet you seem to be imposing your values on others and even locking a lot of people out of bitcoin if you believe that they "have to" learn and "master" self-custody before getting started.

If a beginner uses a non-custodial wallet and loses the private key/Seed Phrase, the assets stored in it will be locked forever and no one can help recover them, including the wallet developer.

Exactly, which is part of the reason that some newbies are not going to be willing to go down the self-custody route, even if you are presuming that they are able to go down such self-custody route.. and you are presuming that wallet "mastery" is within the grasp of anyone deserving to get into bitcoin.

Maintaining wallet security can also prevent beginners from the threat of fraud (Phishing) because usually novice investors are the main targets of fraudsters who want to drain all their assets.

If a newbie gets started buying bitcoin with $100 or $10 or some other amount, and maybe the newbie decides to buy the same amount of bitcoin every week, and perhaps the newbie does not have time to look into bitcoin for several weeks, yet at the time that the newbie gets started, such newbie sets up an account on an exchange so that he can buy bitcoin every week (he may even set up auto-DCA) until his plan is to look further into bitcoin in 3-4-ish weeks.  You think that he cannot decide for himself to get started and perhaps to look into those potential security matters at a later time?

Maybe when the guy comes back to looking into bitcoin after he had decided to invest $30 per week into bitcoin, and 4 weeks had passed, so he had already bought $120 worth of bitcoin, maybe he decides to study bitcoin and cashflow management for around 2-3 hours each week, and maybe one of the first things that he does is make a list of things that he feels that he needs to study..and maybe or maybe he chooses to put security high on his list of things that he feels that he needs to study.  Perhaps one of the most important things that he feels that he needs to study is his own cashflow management.  Maybe another thing that happens is that he plans to spend 2-3 hours per week studying bitcoin, yet many weeks he get distracted into other matters, and maybe this newbie bitcoiner has some kind of attention deficit disorder, yet he still continues to buy $30 per week of bitcoin with an intention of looking further into the matter... so it could end up being months and months before he gets around to trying to study bitcoin further, but he gets confused about the ideas around security, so he focuses on subjects that he find to be more relatable.  

Do you think that the above guy needs to stop buying bitcoin or can he use his own independent judgement to do what he considers to be the best for his own situation? Yes, we know certain aspects of bitcoin that might be preferable and/or better, yet individuals are going to make their choices and run the risks of their choices, even if there might be some better ways of doing things that they are not doing and they have determined what they are going to do, whether they are sufficiently aware of the alternatives or not, they will suffer the consequences and/or enjoy the benefits of their actions and/or their inactions.

[edited out]

However, there are few things that worth understanding before investing into bitcoin, such as volatility, importance of keeping keeping your emergency funds aside, and also need to avoid investing funds meant for essential expenses, all these don’t need month of study but can help prevent common mistakes.

It seems to me that we cannot determine how much time any of the study may or may not take, and there surely are quite a few people who might make a plan that seems reasonable, and then they may not stick with their previous plan.  Yet, they are still free to both get started and to continue buying bitcoin (if that is what they want to do) based on both the plan that they made and various assessments that they make along the way, even if their judgements about what to do or what not to do is not agreeable to what any other persons might end up choosing to do.

It seems to me that as newbies invest into bitcoin, they should become more and more incentivized to learn both about bitcoin and about cashflow management practices as the amount of their investment goes up and up and up, yet guys make all kinds of mistakes and don't always realize the risks that they are putting themselves in when they fail/refuse to make certain preparations or to look into certain matters, yet it still seems to me that they are still free to determine how much bitcoin they are going to buy each week based on their then current knowledge level and whether or not they are learning the right lessons along the way.

There is a difference between figuring out some of the basics, such as making sure to invest within discretionary funds, and then if guys end up applying the basics in ways that even make sense under their own interpretation of what is "basic."

Maybe we have a conversation with someone who believes that they are investing in bitcoin, and we might find several flaws with what they are doing, and maybe we might say something about their flaws and maybe we will not, and whether we say anything may well depend on our relationship with them, since sometimes we might try to point someone out to better resources or to point out better practices, yet they might consider that what they are doing is completely reasonable, and they might not even be a dumb person, even if they might have some wrong ideas about bitcoin, about investing and/or about good cashflow management practices.

Personally, I frequently try to talk about and promote good practices, yet sometimes there might be some relevance in comparing good practices to bad practices in order to show how they differ from one another, and I tend to find it less productive to talk about a lot of the dumb things that people do, even though sometimes they can be pointed out, while at the same time acknowledging that people can choose to do whatever they like, even dumb shit, even though there may well be practices that are better than what they seem to be choosing to do.

You are fighting the example.  I gave you an example of a guy who already knows that he has $100 extra each week and he decided to start with $30 per week, so why can't he just start and he does not need to know or study all of those areas on your list before getting started.

The root of our argument is the interpretation of words.

I don't think so.  We were talking about what is required to get started, and you proclaim way more things to be required than I do.

When you asked me what is needed to start, I answered in a way that does not take into account the minimum a person can start with .  but rather the   requirements i   give that  from my perspective, can provide a useful foundation for beginners.

Yeah, but are all those things required before getting started or can they be learned along the way as being important to learn in the early stages of investing?

There is a difference with what is needed to start versus what might be potential priorities to learn in the early stages of investing.

Another thing is that even your list of priorities, other guys may or may not agree with your assessment in regards to what are priorities

So I understand why the issues seem more complex and broader than the answers. I did not mean to impose any conditions as a substitute for the ability to make independent decisions. However, if my language had conveyed that idea, I could have expressed the issue better.

I think that if you proclaim that you believe that your items to be high priority items that may not need to be known before getting started, and also leave room that other guys might have other opinions about your items, then at least, they would not be communicated about in terms of being mandatory to know before getting started buying bitcoin.

I personally like to attempt to give a lot of latitude to each person to figure out what they need or what they don't need, which is part of the reason that I continue to assert the somewhat vague standard of having common sense, yet for sure, even guys who have common sense may well need some practice using their common sense so that they come to conclusions that are more logical and less emotional, and so many times guys have a sufficient amount of skills and abilities, even though they still may need a lot of practice in order to come to the right kinds of conclusions, and some guys have trouble doing what they tell themselves (or plan) that they are going to do, some sense normal guys might have troubles in both setting their priorities and then sticking with their priorities once they set their priorities.

So surely it tends to take a lot of practice to have self-discipline and to practice the self-discipline on a regular basis in order to reinforce the self-discipline, and so some guys are going to have more troubles with their self-discipline than others, yet from my point of view, a guy's recognition that he has troubles with self-discipline should not be something that he has to resolve prior to getting started, even though a guy who recognizes that he has an issue with self-discipline will be in a better position to fix his problematic issue as compared to a guy who does not recognize it, so each guy has to figure out any of the various areas that he may well need to work on improving.  There may also be guys who have issues with self-discipline who recognize that they have issues with self-discipline, yet they may also conclude that their self-discipline issue is not a BIG enough problem that should inhibit them from getting started investing in bitcoin and even continuing to invest in bitcoin even if they might suffer ongoing  damages based on the existence of an issue that they

I accept this part of the criticism. However, I was not contradicting your example, or implying that the person could not start.

I surely read your list as being something that you believed were needed prior to getting started buying bitcoin, so surely there sometimes can be wording that can clarify what is meant, and yeah, sometimes guys will get confused by certain kinds of wording, so in that sense, sometimes what we mean to say might not be understood by some of the readers, including but not limited to yours truly.

I felt that he may not have formally studied the topics listed, but his decision seemed related to those topics. An adult can start using his own judgment. I agree. I hope you will see this as a difference of opinion rather than a disagreement. Your comment has helped me to think more clearly about my position.

Of course, each of us may well have difference of opinion in regards to specifically what we believe that we might need on an individual basis, and we also may well have differences of opinions in regards to what we believe might be needed generally for any newbie coming into bitcoin, and surely I tend to limit my list of restrictions towards guys determining that they have sufficient discretionary funds and having common sense, even though I would also concede that basics also involves sourcing of the coins to the extent that some guys might feel that they need to look into sourcing options that they might have or if they might start out their sourcing through some recommendation that they might receive.  Surely any of the areas that I consider to be basics could still end up being areas that any newbie might need to feel sufficiently comfortable, so sometimes if we speak in some generalities regarding what we believe any newbie needs, when it comes to the particulars, they may well assess any of those areas differently and even come to differing conclusions in regards to whether they have enough information (and comfort) to get started or if they might feel that they need to spend additional time assessing certain aspects that we may or may not consider to be basic, yet each person has to figure out for himself in terms of what is sufficient knowledge/comfort, and if he might feel that he might need to look into the matter further, even though I personally tend to give quite a bit of emphasis towards getting started, which from my perspective tends to not involve starting out BIG, even though surely some guys might have more experience with prior investing and/or cashflow management in which their experiences might cause them to consider going in BIG with a lump sum or a couple of lump sums rather than starting out with something like DCA that might be spread out weekly or some other seemingly reasonable periodic basis.  

There may well be some guys who ONLY have income from their regular work that does not add up to a lot of extra discretionary funds each week, and there may well be other guys who already have funds sitting on the sidelines or maybe some other investments that they are wanting to get out of and may use proceeds from their other funds to get started in bitcoin.  Guys do not necessarily come to bitcoin with similar circumstances, and even though I frequently quote the areas of the 9 individual factors, I am not even proclaiming that guys need to have their 9 individual factors figured out prior to getting started investing in bitcoin, yet I consider the 9 individual factors to be factors that are ongoingly changing and perhaps from time to time guys might be in a better position to spend some time sorting out one or more of their 9 individual factors so that they can better tailor either their start in bitcoin or even to tailor some changes that they might be considering making at a later point after they had already been buying bitcoin for some time.

[BitBakerr1]

 Understanding Bitcoin to an extent is very important for an investor but that's not the requirement to start up Bitcoin investment, someone sensible should know that the discretionary fund is what is used for an investment that's volatile, whether Bitcoin or not then once the person figure out how to buy it then he can practically understand it better as time goes.
 Many people waste their time trying to know everything about Bitcoin before starting, all in the name of understanding the basics of the investment but it's not necessary to know it all before starting cause Bitcoin is as a volatile asset would give investors several opportunities of buying it cheaply that someone taking time to understand it better could miss.

You will regret wasting valuable time waiting for the right price of Bitcoin, but the DCA strategy is the most effective. Because, by investing small amounts at a given time through DCA, instead of trying to catch the lowest price in the market, you can greatly reduce the need to worry or panic about market fluctuations. By moving slowly with the market, you will have more practical experience with Bitcoin and can gain experience.

DCA strategy is the best approach or strategy to use when investing in bitcoin, especially when you want to invest in bitcoin for long term, using DCA strategy to invest in bitcoin is very good because you will be more relaxed because theirs no need to be checking the market price always, and you will benefit from every dip since you are already accumulating regularly, I think and believe that the best way to invest in bitcoin for a long term is by using the DCA strategy.

[Agbam]

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.

It has been discussed repeatedly here that it is not right to make basic knowledge a requirement for beginners at the beginning of investing. Because if you present basic knowledge as a mandatory condition to someone who wants to start on the first day, then there is a possibility that he will not start trying to find basic knowledge. Although we know that by starting, one can learn about Bitcoin well through practical experience. But whenever you tell him to learn basic knowledge first, when he tries to learn without starting, he will never be able to learn from practical experience. There is a huge difference between learning by research and learning from practical experience. And if someone wants to start Bitcoin, what he needs is discretionary income. If someone has discretionary income, he can start. Because of course, after starting, there will be enough good time to learn.

As far starting of bitcoin investment is concerned having a basic knowledge isn't a requirement as per getting started but rather the ability to be able to figure out the availability of discretionary income to start with. I believe with common sense a beginner can be able to figure there way on the things that they need in other to get started. Therefore, basic knowledge shouldn't be a prequisite for anyone that wants to start investing in bitcoin but rather discretionary income.

I would like to think that having a basic knowledge of bitcoin is as important as having the money to invest (the discretionary income). Have you ever tried talking to a total beginner in bitcoin?
Now just imagine I have no idea whatsoever about bitcoin and I have the money to invest ( I have sorted out my discretionary fund) I probably use it for other stuffs before hearing about bitcoin, do you think I can just start buying bitcoin without knowing something about it?

Or are you suggesting because discretionary is available I should just throw in my money?. The common sense you’re talking about is what will prompt me to want to know more about what I’m getting my money into. Ask questions like; What is Bitcoin? Why am I buying it? How does it work? How do I store it safely? What are the risks
 involved?

Without even a basic understanding, a beginner could easily: panic sell during volatility,
fall victim to scams, send coins to the wrong address, misunderstand what Bitcoin is trying to achieve, or buy simply because others are doing so.

People shouldn’t invest their money without at least having a basic knowledge of what they’re getting into. Therefore, I would argue that basic knowledge is a requirement as well as the discretionary money.

Basic knowledge can be acquired within a couple of hours, so it is by no means a hindrance to getting started. If anything, it equips a beginner with the confidence and understanding needed to make better investment decisions.

[GIF-JOBS]

 Understanding Bitcoin to an extent is very important for an investor but that's not the requirement to start up Bitcoin investment, someone sensible should know that the discretionary fund is what is used for an investment that's volatile, whether Bitcoin or not then once the person figure out how to buy it then he can practically understand it better as time goes.
 Many people waste their time trying to know everything about Bitcoin before starting, all in the name of understanding the basics of the investment but it's not necessary to know it all before starting cause Bitcoin is as a volatile asset would give investors several opportunities of buying it cheaply that someone taking time to understand it better could miss.

You will regret wasting valuable time waiting for the right price of Bitcoin, but the DCA strategy is the most effective. Because, by investing small amounts at a given time through DCA, instead of trying to catch the lowest price in the market, you can greatly reduce the need to worry or panic about market fluctuations. By moving slowly with the market, you will have more practical experience with Bitcoin and can gain experience.

DCA strategy is the best approach or strategy to use when investing in bitcoin, especially when you want to invest in bitcoin for long term, using DCA strategy to invest in bitcoin is very good because you will be more relaxed because theirs no need to be checking the market price always, and you will benefit from every dip since you are already accumulating regularly, I think and believe that the best way to invest in bitcoin for a long term is by using the DCA strategy.

The DCA strategy is definitely the most suitable strategy for Bitcoin investment, it is a tested, proven and most feasible investment strategy, so starting with DCA can undoubtedly be a good start. It is suitable for everyone, whether it is a big investor or a small investor, DCA is a very suitable strategy for everyone. Without worrying unnecessarily about when the market will go up or down and trying to catch it, but by investing a certain amount regularly, the average purchase price remains balanced in the long run. And for those who invest in small amounts, it can also give better results in the long run, so the DCA strategy is very good for starting the best, but of course we have to start investing by considering our own financial capacity and risk-taking ability.

[GIF-JOBS]

Yes, I have come to realize that long-term investment in Bitcoin requires discretionary income. When I first started investing in Bitcoin, I didn't have any emergency funds and sometimes I would add some money from my emergency fund to invest in Bitcoin, but eventually I couldn't sustain my portfolio, meaning I had to sell it.

Since then, I thought that to make my investment long-term, I should use the money that I would have used even if I didn't have the money. Since then, I basically started using discretionary income and have been investing in Bitcoin in DCA mode for the past two years. Honestly, now I don't have to look at my Bitcoin portfolio for any need.

You have highlighted the reality, it is also important to pay attention to the dangers of investing that do not cause your investment to stop midway because the main reason for your profit in the long term is to complete it in the investment, strengthen your income stream through your hard work and invest the remaining money from it and keep some part aside for emergency fund, these will help you move forward without any hindrance.

We must think realistically, Bitcoin investment will not bring us success for sure, so here we must not only think about success but also think about the risk. We must invest considering the risk and considering our ability, and to ensure the long-term stability of the investment, we must be aware of the issue of financial security, and we must also create an emergency fund for this. In order to survive in the field of investment, we have to be aware of many things, it is not very easy, we must be careful about a strong source of income, sufficient emergency fund and regular investment.

[BluebloodCXVI]

Saving Bitcoin regularly and making it simple is a reliable source of revenue.

You seem to very confused Sulegzy39 and this idea of yours is preposterous. Certainly, regularly saving bitcoin is not a reliable source of revenue as you’re putting it and anybody that tries to treat it as one is deceiving themselves by creating false impressions for themselves.
A revenue is the income generated from productive activities such as business or when get paid your salary or it could even be a pay from a particular service you rendered to someone or multiple people. Bitcoin accumulation on the other hand is just an investment strategy. So if a person just simply holds it, it does not generate any income for them and perhaps if at all they might make profit from holding bitcoin, it still depends on future price appreciation which is not even guaranteed to them.

If you are aware of its maintenance when investing in Bitcoin, this regular income might avoid the investor from becoming overly concerned or panicked during rapid market price reductions.

Point of correction, it is not regular income that prevents an investor from panicking during price falls, it is when an investor uses their discretionary income to invest and they apply proper risk management that they won’t panic.

I think that just having a salary isn't enough for you right now.

What makes you think you can decide whether another person’s salary is enough for them or not?, that’s not something you can generalize. Dude! as long as a person’s income is covering their needs and they still have something left to save or invest, then for their situation, it is definitely enough. Anything asides from that becomes a matter of personal financial goals but it is not a necessity.

In this instance, significant information and planning concerning Bitcoin are required.

All i see here is vague BS.

[JayJuanGee]

[edited out]

I think people who invest basically have common sense which includes basic knowledge, there is no way they do it solely without any knowledge at all.

It seems to me that common sense does not presume any specific knowledge, so a person with common sense may still be lacking in various kinds of knowledge, experience and/or skills, yet the common sense would help him to figure out, for himself, if he knows enough to get started investing in bitcoin merely based on his assessment of his having discretionary funds available or if he might have to wait in terms of other knowledge that he might determine that he might need.  

In addition, some people may do it without basic knowledge, but because of interest or interest,

You are correct with the suggestion that a person could start out investing in bitcoin with absolutely no knowledge of bitcoin and maybe just a recommendation from a friend or maybe they spend 20 minutes looking at a price chart after they had heard the word bitcoin mentioned.  If they have discretionary funds and common sense, they can figure out for themselves whether they want to get started buying bitcoin and if so, then how much to start with.

this will directly make them learn even while investing, and with this knowledge, in my opinion, there is no need to emphasize before starting because this can be learned while investing and the purpose is open to losses.

Surely, many of us might want to presume that the more that anyone puts into bitcoin, then the more incentivized that they would be to learn more and more about bitcoin and perhaps to learn more and more about how the funds that they are choosing to put into bitcoin are affecting other aspects of their abilities to spend from their discretionary funds on other investments, to save (back up funds) and/or other discretionary spending that they might have.  Of course it would seem that most people know enough to realize that various aspects of investing, trading or however guys are spending extra elective kinds of money, that they can ONLY sensibly spend that money after they have accounted for all of the money that they need to cover their various basic expenses.

Comparing MSTR’s 6-year corporate strategy to individual DCA is just like comparing apple to orange.
First of all, MSTR isn’t DCAing. They use leverages and convertible notes. Their strategy is treasury management and not dollar cost averaging. But of course, APY looks bad if we should ignore the BTC per share growth and leverage leverage.

The point is MSTR stock is basically a leveraged BTC ETF. i.e if BTC does 50% in 2026, MSTR does 80-100% but if BTC does -50% MSTR gets wrecked.

Moreover, DCA exists for volatility and not catching tops. Assuming 2026 is a bull year then we can say lump sum beats DCA but if it’s chop like it did in the last two or three years, then DCA obviously saves you.

Regardless of what is under the hood of MicroStrategy's strategy, the fact remains: the company has been periodically buying Bitcoin for six years. We can simply look at their average entry price and evaluate the financial performance of this approach over a six-year timeframe.

Bullshit.  You are just making shit up, and misleading based on your spinning of the matter.

If you look at the 200-WMA, which is currently at $61,850, and that reflects the price that a normal person who would had paid for bitcoin if he had bought the same amount of bitcoin each week for the past 200 weeks (or the last 4 years).   The longer the period, the lower the average.

If I look at a DCA website such as this one.  I can see that if a person had started investing every week at the same amount from August 1, 2020 until now, they would have had invested right about $36,414 in order to get 1 bitcoin.  Saylor's/MSTR's average cost per bitcoin for MSTR is more than double that amount, and the reason is that they had structured some of their money flows in a way that more money came available to buy more bitcoin with more money as the BTC price went higher.  That exponential buying as the BTC price goes up does not come even close to what tends to happen with normal people or normal DCA'ers.

You seem to be just trying to pervert reality in order spread false and exaggerated fantasy-landia comparison points, while actiing as if they represent reality and they don't.

I get your point clearly but I think I need to clarify because it seems you missed my point.

My latest response was to Alpen and not to you.

I didn't say MSTR is equal to DCA. I said they're like Apple and orange for a reason.
 

yes.. I remember that your apple/orange example was a good one, so I wasn't even responding to what you said.

MSTR leveraged treasury and convertibles. Of course, their BTC per coin cost will be much more higher than 200 WMA DCA when BTC goes up because they issue debt/equity when price goes up in order to buy more. That's where the leverage effect I mentioned comes in.

My point was about strategy difference and not about who has lower average buy price.

You might be on the same side as me in terms of both the discussion and the comparison of what MSTR is doing as compared with what other individuals tend to do.

Of course, there can be some advantages in obtaining a lower average cost per BTC, yet it seems that the longer any regular guys are ongoingly buying bitcoin, then their average cost per BTC is going to end up being lower and lower and lower, yet surely there could still be reasons that guys might end up buying more bitcoin at higher prices, such as in situations in which they are tending to receive higher amounts of pay at certain points in their lives, so maybe they start out buying bitcoin at low quantities, yet several years down the road, they get a promotion or a new job position in which they might start to make way more money than they had been making in earlier times, which may well end up causing the amount that they are able to use to buy bitcoin to be way higher than it had been in their earlier days investing into bitcoin.

Yes, I have come to realize that long-term investment in Bitcoin requires discretionary income. When I first started investing in Bitcoin, I didn't have any emergency funds and sometimes I would add some money from my emergency fund to invest in Bitcoin, but eventually I couldn't sustain my portfolio, meaning I had to sell it.

Since then, I thought that to make my investment long-term, I should use the money that I would have used even if I didn't have the money. Since then, I basically started using discretionary income and have been investing in Bitcoin in DCA mode for the past two years. Honestly, now I don't have to look at my Bitcoin portfolio for any need.

You have highlighted the reality, it is also important to pay attention to the dangers of investing that do not cause your investment to stop midway because the main reason for your profit in the long term is to complete it in the investment, strengthen your income stream through your hard work and invest the remaining money from it and keep some part aside for emergency fund, these will help you move forward without any hindrance.

Guys do sometimes prematurely assess that they have enough or more than enough bitcoin, and so there sometimes can be difficulties coming to the right assessment in regards to guys who might start to consider that they might not need to be as aggressive in their bitcoin accumulation tactics in regards to how much bitcoin they are buying and how regularly they buy bitcoin.

the most important this is, they are going to start Thier Bitcoin investment after getting the basic knowledge rather Thier investment journey might be delayed.

I think it is not right to make it mandatory to have basic knowledge before starting investing. This actually delays investment and creates an excuse not to start. If someone wants to start, if they are given the condition of having basic knowledge, then naturally they will find investment something very difficult. But when you advise a new investor to invest with his discretionary income instead of a condition to start, then he can start without hesitation. Then he gets enough time to learn along with investing gradually. On the one hand, he can start investing, and on the other hand, he gets enough time to gradually develop himself as a long-term investor and learn about Bitcoin.

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

What do you, @sotelorene, believe to be the "basic knowledge" to get started buying bitcoin?

[edited out]

I would like to think that having a basic knowledge of bitcoin is as important as having the money to invest (the discretionary income). Have you ever tried talking to a total beginner in bitcoin?
Now just imagine I have no idea whatsoever about bitcoin and I have the money to invest ( I have sorted out my discretionary fund) I probably use it for other stuffs before hearing about bitcoin, do you think I can just start buying bitcoin without knowing something about it?

Or are you suggesting because discretionary is available I should just throw in my money?. The common sense you’re talking about is what will prompt me to want to know more about what I’m getting my money into. Ask questions like; What is Bitcoin? Why am I buying it? How does it work? How do I store it safely? What are the risks
 involved?

You are exactly correct Agbam.  On a personal level, you might have questions, and you might not recognize and/or appreciate any reasons to get started as soon as possible, while someone else might be ready to get started and to adjust his starting position size based on what he already found out.

There could be some guys who might determine that they have $100 per week of discretionary funds available, another $10 per week, others who might have $1k per week available, or some other amount, and to get started, there is no reason to put in the maximum amount available merely because it is available.

Without even a basic understanding, a beginner could easily: panic sell during volatility,
 

A beginner can also decide for himself whether he has enough money to get started, and if he is investing money that he can afford to lose, then there should be no reason for him to panic.  Maybe the guy already knows that if he has $100 available every week and if he ONLY invests $30 per week until he becomes more comfortable, then he his not going to panic because he is not investing amounts that he consider to be high enough to cause him to become emotional about how much he is putting in or overly attached if the amount goes up, down or sideways in value during the time that he is continuing to put money in and perhaps during the time that he is deciding to further look into both the bitcoin matter and the cashflow management matter.

fall victim to scams, send coins to the wrong address, misunderstand what Bitcoin is trying to achieve, or buy simply because others are doing so.

His choosing his amount should help him regarding these matters.

If he initially thinks that there might be some potential scam then he might resist, yet if a friend told him to invest and to use a certain exchange, then he may well have enough information to satisfy himself that he can get started.  It is up to the guy and his common sense, especially if he had already figured out his discretionary funds which is the main basic piece of information that he needs to know in order to get started.

Sure, if he chooses not to start or to spend a day or two to look into the matter or maybe he waits for a week or two, then that is completely up to him.  There is nothing requiring him either way, just like there is nothing requiring that he has to look into the matter further, especially if he has the two most basic pieces of information which is how much extra money does he have available and the source in which he is going to make his first buys as his friend had recommended to him... and, yeah, it is up to the guy whether to accept his friend's recommendation or to look further into the matter prior towards getting started.

People shouldn’t invest their money without at least having a basic knowledge of what they’re getting into.

Who are you to say what a person should or should not do?  If the guy already decided to get started, then what more does he need to know?  You think that he needs to know about scams, volatility, private wallets What is Bitcoin? Why he's buying it? How bitcoin works? How to store it safely? What are the risks?

You are being a bit patronizing, no?  Why can't the guy just decide based on whatever he knows or his feelings about the matter?

Therefore, I would argue that basic knowledge is a requirement as well as the discretionary money.

You seem to be imposing a bunch of random standards that are not necessary, except if the guy has common sense, he can figure it out for himself, and if he sees your list of items, he can figure out if he cares about any of the items on your list or not.

Basic knowledge can be acquired within a couple of hours,

How do you know how long it takes?  Maybe it takes a couple of hours for you.  The world of people have a variety of experiences, skills, knowledge and even money levels.. and any of those could affect what they know and what they believe that they need to know, including that they could conclude that they know enough and get started based on their assessment of their having a sufficient amount of discretionary funds available.

so it is by no means a hindrance to getting started.

You think that guys needing to follow your checklist is not a hinderance?  What if the guy looked at your checklist and he said that he is going to get started anyhow based on his having had already assessed that he has enough money to get started?  If he has to go through your checklist, he may well consider the items on your checklist to be a hinderance because he determined that they are not necessary to know in advance and he can get started and figure them out later, if he believes that they might be important to figure out later.

If anything, it equips a beginner with the confidence and understanding needed to make better investment decisions.

Oh?  you are proclaiming that this is for the beginners own good?  Why can't the beginner use his own independent judgement to decide what is or what is not for his own good?  Maybe he decides getting started is for his own good?  What is wrong with that?  He may or may not lose money, but he may well would have already chose an amount to consider that he may or may not lose it, since he is choosing an amount of money that he can afford to lose.   No he is not trying to lose it, but he is also not emotionally attached to the amount that he decided to start with.  So, why can't he get started?