Road to 100k?

[Zackz5000]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

[Odohu]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

Low income earners who do barely have enough to feed exist but in such situation, investing in Bitcoin is the last thing they should worry about because they need money to invest in Bitcoin. If they use the money they are supposed to use for feeding and invest in Bitcoin, it is a matter of days or week before they sell the Bitcoin because food is a basic necessity unless they have decided that they will die of hunger instead of selling their Bitcoin so that when they die someone else will sell the Bitcoin or it becomes lost coins.

To invest in Bitcoin and be able to HODL it, the investor must first of all set up the money for their basic needs which cover food, shelter, medical and others. After then the investor have to protect the investment by setting up emergency funds that will take care of things that fall outside the basic needs which can come up unplanned. It is after this two set of funds are in place that there will be some level of confidence that the investor can invest in Bitcoin and HODL without the pressure to sell.

[JayJuanGee]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

You state this last part a bit incorrectly, since DCA allows that you don't really need to give thoughts to the fluctuation of BTC prices, and so you should be taking into account fluctuations in your discretionary income.  Of course, if a DCA strategy is not very aggressive, then it might invest a low percentage of the discretionary income, yet a more aggressive DCA strategy might choose to invest higher portions of the discretionary income.  Now if the person starts to change his strategy based on BTC price fluctuations, then that may well no longer be considered strict DCA but might be buying the dip or perhaps some combination or maybe could be labeled as a hybrid strategy... and so folks can choose strict DCA or maybe something that attempts to time purchases according to the price, and sometimes more brand new folks might be more advantaged by following more strict DCA approaches.. but sometimes folks who have already accumulated some bitcoin might experiment with trying to time the market as well, which may or may not end up working to their advantage.. but it still becomes their own decision how they want to approach their bitcoin accumulation journey.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

There can be some value to consistency, yet I doubt that being able to have consistency is a requirement for whether to invest into bitcoin or that it is required according to a DCA approach, since a DCA approach would be being applied smartly if it adjusts to the level of discretionary income, and surely there are some folks who are in situations in which their income and/or their expenses are inconsistent and perhaps even unreliable in terms of predictability, so then persons in those kinds of situations may well need to hold more cash on hand, and they might even be reluctant to invest into bitcoin, and that is based on the potential that they might not be able to determine or ensure that they have discretionary income, so if they might not be sure if they have discretionary income then they might not be able to buy bitcoin without risking falling into a kind of gambling practice rather than an investing practice. .and those also end up being personal choices in regards to the extent to which folks plan their incomes and expenses in advance and/or the extent to which they hold various kinds of reserve funds - and not everyone is the same since there are some folks who might have family resources or other ways to back up their funds, and there may well be other folks who are completely reliant upon themselves.. and I am not even proclaiming whether it is good or bad to actually use funds that might be available by someone else (such as family) or if those kinds of funds should not be used, even if they might be available since credibility and/or good will could end up getting used up prematurely and end up not being available when really needed.

[edited out]

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

As others have responded to you and suggested that you need to have discretionary income in order to invest into bitcoin.. back up funds are not 100% required in order to be able to invest into bitcoin, yet you still have to figure out that you have extra money so that you are not investing money that you need, and frequently back up funds will cushion you from error, but they still do not protect you from the basic principle that investing into anything (especially something as volatile as bitcoin) should be coming from extra money and not money that you need for your expenses.

If you invest into bitcoin without sufficient discretionary income (which is another way of saying "extra income"), then you are quite likely gambling rather than investing, and you are also engaging in a kind of trading rather than investing since you likely already know that if you buy bitcoin with those short-term seemingly spare money, you are using money that you need for your expenses within less than 4 years(and likely even way shorter timelines than that)..so that kind of buying of bitcoin with short term funds would not be investing....since investing in bitcoin needs a 4 year or longer timeline, which also means that you are not going to need the money that you used to invest into bitcoin for at least 4 years.. which also kind of implies that you might never need that extra money - even though sure, everyone invests in order to hope to have more options in the future by being in profits, yet everyone should also understand that no investment, including bitcoin, is guaranteed to be in profits whether in 4 years or some longer timeline down the road.

[sotelorene]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

[Barikui1]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

It's true that you don't have to have it all before venturing into Bitcoin investment, because you can actually start accumulating Bitcoin through the DCA accumulating strategy without having all the required knowledge, and along the line you can seek more knowledge on how you can be able to hold firmly, but take note, in other for you to start your Bitcoin accumulation process, you need a reliable source of income, yes you need it, because you can't be consistent in your buying of Bitcoin weekly or monthly if you don't have a  reliable source of income funding your investment, and also funding your daily financial needs.

Am saying so because if you don't have a reliable source of income, at first, you wouldn't be able to build a good stash of Bitcoin overtime, and secondly, at some point you will definitely temper with it, I mean the one you already have, just to survive that day or attend to an urgent financial needs, so it's very important that you have a reliable source of income before even thinking of Bitcoin investment.

And as for the emergency funds, you can make a provision for it immediately you start accumulating Bitcoin, not a must that you must have it in place first before starting, but it's very vital in your ability to hold firmly.

[Cityhunter34]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

Well, I think the way you are sounding it seems that you are not really interested in setting up emergency fund, but I want to let you know that it doesn't matter how small or big the emergency fund is, what is the most important is having it at the back of your mind before thinking of venturing into Bitcoin investment because as long as Bitcoin investment is concerned setting up emergency fund will really help you to hold your Bitcoin for a long term investment.

[Jewan420]

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

Yes, you can be right when you have a strong and reliable source of income to make your investment a success. If your income is sufficient to meet an emergency, you may not need an emergency fund.

Suppose, in the middle of your investment you are unfortunately cut off from your source of income, how will you be able to cope if you do not have any funds at that moment? Do you have any choice but to sell the investment then? If you have a strong source of income, you may have built up an unexpected fund to tide you over temporarily, but will it serve you in the long run? Maybe you can consider taking out a loan, which you can plan to repay once you find another source of income. What if you don't find source of income in time? You may then consider depleting your investment, which could expose you to huge losses.

So, building an emergency fund for emergencies can be a wise thing for all types of people. It is not necessary that you have to build funds before starting to invest. You can build a fund as a plan to make investments successful. This fund may serve as your defense one day.

[wahyuagung26]

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

 I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

[Fuso.hp]

I think the hopes of many people about Bitcoin reaching 100k have been rekindled by the recent market conditions. It got to a point that some people made comments here that suggested that they had given up on Bitcoin reaching 100k due to prolong consolidation of the market when it was ranging between 65k upper limit and 53k lower limit.

I was among those who supported the notion that instead of losing hope over the prolonged market consolidation, people should use that as opportunity to buy more Bitcoin at lower prices using buying the dips or the DCA method or a combination of both. Some people took that direction and today they are happy seeing the market make huge progress as it should be. The advantage we have being in this for is that we learn many things and whatever the market is doing now is what it did in the past so people who are new here have the opportunity to learn from those who have had such experience.

I still believe bitcoin will touch 100k dollar. It's not impossible, a few months ago we saw how good Bitcoin was, although there has been some dumping in the market recently, but still I have high expectations for this market. If I didn't trust the market, I would have sold my investments long ago. I have been investing in Bitcoin regularly for a long time and till now I have been investing in Bitcoin according to DCA investment strategy with only one expectation that when the price of Bitcoin touches $100k I will sell my investment. 

If the Bitcoin market can touch $15K to $70K then it is definitely not impossible for Bitcoin to touch $68K to $100K. We only have to rely on the Bitcoin market. If there is no trust in the market then we cannot accept the temporary dumping of the market let alone touching the dollar together

[Taskford]

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

 I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

Like what? Gaining profit at anytime they want especially if they want to take profit? is that what you mean? Maybe yes they can get profit with bitcoin in short time period but if all favor will come with them and market is in good shape. But this scenario didn't always came since market is unpredictable and if you aim to gain quick profit with bitcoin then maybe you cannot achieve that if you think passive on it.  Investment on bitcoin is actually a good decision to do, but it always depend on the person on how he gonna handle then decide on what he would do to his bitcoin since if he used it for what you have mentioned then maybe there's a chance he could able to lose his capital. If people decide for long term which has been discussed for many times then maybe he could able to get those profits that we wanted.

All what you have said will just come, if you have proper planning on how you separate and use your funds.

[rachael9385]

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

 I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

Like what? Gaining profit at anytime they want especially if they want to take profit? is that what you mean? Maybe yes they can get profit with bitcoin in short time period but if all favor will come with them and market is in good shape. But this scenario didn't always came since market is unpredictable and if you aim to gain quick profit with bitcoin then maybe you cannot achieve that if you think passive on it.  Investment on bitcoin is actually a good decision to do, but it always depend on the person on how he gonna handle then decide on what he would do to his bitcoin since if he used it for what you have mentioned then maybe there's a chance he could able to lose his capital. If people decide for long term which has been discussed for many times then maybe he could able to get those profits that we wanted.

All what you have said will just come, if you have proper planning on how you separate and use your funds.

The truth is, those that need urgent profits from Bitcoin investment, there intentions are not to invest for a long time, because all they want is just a quick profits. However, it's just by chance one can achieve quick profits from Bitcoin investment because the market is always at fluctuation mode and nothing can change that. One just have to remove the mindset of achieving quick profits through Bitcoin investment so that they can be able make profits when they hold for long term.
IMO, investors that have good jobs/businesses are the ones that can be able to hold for long term (years) because the always have money daily/monthly. Those that doesn't have money are the ones that need quick profits from Bitcoin investment.

[Tmoonz]

Yeah, but so what?  You don't need a lot of capital to either invest or to trade in bitcoin.  Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all.  You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong.  Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly,  and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if  your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

Well, I think the way you are sounding it seems that you are not really interested in setting up emergency fund, but I want to let you know that it doesn't matter how small or big the emergency fund is, what is the most important is having it at the back of your mind before thinking of venturing into Bitcoin investment because as long as Bitcoin investment is concerned setting up emergency fund will really help you to hold your Bitcoin for a long term investment.

The importance of emergency fund can not be overly emphasis as it is very essential in life generally let alone in your Bitcoin investment journey, but however it shouldn't be a criteria before starting your accumulation journey, the points is there is nothing wrong getting started and figuring out how much of the allocation you will be keeping for your emergency fund in order not to sell your investment to solve emergency problems which every one is vulnerable and  prone to be a victim as far as life exist and by definition we our emergency fund should be built up to three to six months worth of our expenses.

[BD User]

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

 I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

Like what? Gaining profit at anytime they want especially if they want to take profit? is that what you mean? Maybe yes they can get profit with bitcoin in short time period but if all favor will come with them and market is in good shape. But this scenario didn't always came since market is unpredictable and if you aim to gain quick profit with bitcoin then maybe you cannot achieve that if you think passive on it.  Investment on bitcoin is actually a good decision to do, but it always depend on the person on how he gonna handle then decide on what he would do to his bitcoin since if he used it for what you have mentioned then maybe there's a chance he could able to lose his capital. If people decide for long term which has been discussed for many times then maybe he could able to get those profits that we wanted.

All what you have said will just come, if you have proper planning on how you separate and use your funds.

The truth is, those that need urgent profits from Bitcoin investment, there intentions are not to invest for a long time, because all they want is just a quick profits. However, it's just by chance one can achieve quick profits from Bitcoin investment because the market is always at fluctuation mode and nothing can change that. One just have to remove the mindset of achieving quick profits through Bitcoin investment so that they can be able make profits when they hold for long term.
IMO, investors that have good jobs/businesses are the ones that can be able to hold for long term (years) because the always have money daily/monthly. Those that doesn't have money are the ones that need quick profits from Bitcoin investment.

Earning urgent profit may be wrong to call investment, I can call it trading. Because, the main purpose of trading is to make quick profit. So many people get involved in this trading and many times they lose everything. Trading is not a bad thing, but since trading is high risk, I would advise against it. Because it would not be a good decision to push someone towards a risky job by giving advice. So it will be a good decision to get used to long term investment instead of making immediate profit.

[Ruttoshi]

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

 I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

Like what? Gaining profit at anytime they want especially if they want to take profit? is that what you mean? Maybe yes they can get profit with bitcoin in short time period but if all favor will come with them and market is in good shape. But this scenario didn't always came since market is unpredictable and if you aim to gain quick profit with bitcoin then maybe you cannot achieve that if you think passive on it.  Investment on bitcoin is actually a good decision to do, but it always depend on the person on how he gonna handle then decide on what he would do to his bitcoin since if he used it for what you have mentioned then maybe there's a chance he could able to lose his capital. If people decide for long term which has been discussed for many times then maybe he could able to get those profits that we wanted.

All what you have said will just come, if you have proper planning on how you separate and use your funds.

The truth is, those that need urgent profits from Bitcoin investment, there intentions are not to invest for a long time, because all they want is just a quick profits. However, it's just by chance one can achieve quick profits from Bitcoin investment because the market is always at fluctuation mode and nothing can change that. One just have to remove the mindset of achieving quick profits through Bitcoin investment so that they can be able make profits when they hold for long term.
IMO, investors that have good jobs/businesses are the ones that can be able to hold for long term (years) because the always have money daily/monthly. Those that doesn't have money are the ones that need quick profits from Bitcoin investment.

This is why you see that it is good for any one that wants to invest in bitcoin to have a job or an income which he can get his discretionary income from before he come invest in bitcoin. Like you said people with good jobs and businesses will always be patient to build and grow their bitcoin investment because they will be planning for the future since they have enough to take care of their monthly needs and expenses, with an extra that they can invest into bitcoin.

Those who don't have a good job which they can have a discretionary income from should look for a second means of income if they have the zeal and passion to invest in bitcoin, or cut down their expenses. But if you don't have a job and you are lucky a have a certain amount of money and you are not sure of funds from anywhere in some time interval, it is useless to invest in bitcoin because you will sell your bitcoin when it is not at your will when an emergency hits you and you will definitely runs at loss if the price of bitcoin is against you.

People that thinks trading is good for them to make quick profit might end up losing what they have to the market and remain poorer.

[Princess Leah]

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

An emergency fund is like a backup plan, it shows that one is fully prepared for a worst case scenario, every business person or investor needs an emergency funds that would act as a life support in a case where the business or investment goes wrong due to certain circumstances, for instance a case where someone invest on a pump and dump asset, the person won't go back to square one, cause such person would fall back to the emergency funds and try to fix things up, all the person has to do is get information on the right assets to invest on.

 From my own reasoning, I don't see anything wrong in setting aside an emergency fund before making an investment, it's like preparing ahead, taking note of possible unfortunate circumstances and setting aside plans to tackle it when it occurs, and I think the amount required to set aside as an emergency fund shouldn't be generally specified, it could be spare money or money derived from a side hustle.

 The amount one set aside might not be enough to solve future problems, but would go alone way  atleast solve some part of it, if not half of the problem. Well not everyone see it as compulsory to plan ahead, but then we shouldn't deny some prove that emergency funds have also rescued some people who's investment went wrong and they had backup money to fall back to.

[STT]

Consistency equates to security, its definitely part of the value in an asset for the long term.    Gold is far inferior to BTC in performance and there is no possible yield with holding gold but it does have a consistency to its value that is over thousands of years and is very hard to beat in that respect.

Every time BTC ends up going sideways for however long I always expect a breakout because just having a flat price continually would change this characteristic to make it far more consistent.   It would surprise so many people if BTC stopped being so volatile in its nature but either way is a positive right now.

definitely not impossible for Bitcoin to touch $68K to $100K.

Its almost certain in this cycle imo, a flat top and decline from here makes little sense to me.   Whats the bigger question is sustaining those six figure prices, it'll go far past 100k but really the ideal is to maintain a higher low not the peak so much even if thats what gets the headlines.

[JayJuanGee]

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

An emergency fund is like a back plan, it shows that one is fully prepared for a worst case scenario, every business person or investor needs an emergency funds that would act as a life support in a case where the business or investment goes wrong due to certain circumstances, for instance a case where someone invest on a pump and dump asset, the person won't go back to square one, cause such person would fall back to the emergency funds and try to fix things up, all the person has to do is get information on the right assets to invest on.

 From my own reasoning, I don't see anything wrong in setting aside an emergency fund before making an investment, it's like preparing ahead, taking note of possible unfortunate circumstances and setting aside plans to tackle it when it occurs, and I think the amount required to set aside as an emergency fund shouldn't be generally specified, it could be spare money or money derived from a side hustle.

 The amount one set aside might not be enough to solve future problems, but would go alone way  atleast solve some part of it, if not half of the problem. Well not everyone see it as compulsory to plan ahead, but then we shouldn't deny some prove that emergency funds have also rescued some people who's investment went wrong and they had backup money to fall back to.

Surely you seem to have some of the right ideas Princess Leah, yet your ways of presenting your ideas come off as garbled up and even having some internal contradictions.

In regards to an emergency fund, it seems that any financially responsible and secure person would try to set up his/her cashflow management situation in such a way that the emergency funds never needs to be touched absent some kind of a real emergency rather than having to fix up matters after overly taking risks.

So ultimately back up funds would likely have various categories of funding, so that there might be some back up funds that might be used for fixing matters after taking too many risks, and those would likely be classified as reserve funds rather than emergency funds. It is problematic to even be thinking in ways that you might be creating your own emergencies or that you would consider putting yourself in situations to create your own emergencies would be any kind of an acceptable practice except for some folks do like to live on the edge, yet I doubt that is a great way to think about investing rather than gambling - even though we sometimes come across examples of rich folks who had lived like that, even tough it does not seem like a way to really set yourself up for success rather than just being some kind of a grifter who gets lucky from time to time..   Of course there are a decent number of folks who want to live like that and always gambling and hoping for the best, which an overwhelming majority of them end up having fun staying poor and working in dead end jobs until they die or while they are still in their 70s taking whatever work that they can get.

If you attempt to balance out matters and you already have figured out that you actually have a disposable income, most likely you can start investing in bitcoin right away and build your emergency funds, back up funds and even fix up your finances (while getting out of debt) simultaneously.  Of course, how much of a shitty situation you have gotten yourself into prior to coming to the realization that you need to get your finances in order (and a realization that you need to invest into bitcoin) might end up affecting the extent to which it is feasible and/or reasonable for you to be able to simultaneously invest into bitcoin while fixing up other aspects of your finances and assuring that you have emergency funds and/or reserve funds and/or that other aspects of your finances and psychology is in sufficient order and salvageability in order to start investing into bitcoin right away, even if you have to start out with a relatively low amount such as $10 per week until you otherwise get your shit together and then maybe after several months you might be able to increase your BTC investment amounts to $20-$50 per week and maybe later to $100 or more per week... depending on how well you get your cashflow matters in order, income and/or expenses and/or debt..   

[Rabata]

At the same time some of these mentors especially those one on YouTube that only want their videos to be the best, they don't speak much about losses only how to make profit and you'd agree with me that many who only think of getting more profit are those who uses their imagination to start up trading, they just picture themselves to be at the top above every other starter.
I think getting someone like a mentor shouldn't be a problem but the issue is how good is the mentor because everyone needs to be careful not to be in the losing side of trading, not everyone we call mentor has what it takes to guide someone to the right direction.

the is that is good to have a mentor in anything that has to cryptocurrency both trading and investment, and that mentor should be someone you know and can access at any point in time, so I believe that we have to understand that investment is quite different from trading because you may not bother to learn and master ways of buying and selling of cryptocurrency kind of investment and you may have or experience a profit, but in trading you have to acquire the knowledge before you can excel in trading, and trading need for you to have a mentor that's well known.

When I was still pursuing a career in trading, even mentors will send a disclaimer that they are only giving you information with no guarantee that the information will work, and that the bulk of the job is in you finding what works for you. Some that are honest will tell you that until you personalise the information they are sharing, then you cannot make good use of them. This then mean that mentorship is good for many things but for trading, even your mentor will be struggling to make profits but will use paper trading for examples and will never want to trade live market with you because he understands its a different thing all together.

Like I said before, demo trading is easy and everyone is usually a champion is demo which is in hindsight but when it comes to trading live market, even the mentors will hide for the sake of their reputation because Bitcoin will always mess them up when they try to predict the price movement with certainty.

I have tried many things when it concern trading including using different mentors. When the chips are down, you will realise it is only you and the market.

Trading is just too subjective and this is the reason it is difficult to scale through and the reason I choose another route which in buying and holding for long term.

I agree with everything in your post Odohu, which largely it is difficult to find your right balance when it comes to trading, and so whether you end up trading and/or investing, you need to figure out your right balance, so in that regard, I believe that using your actual money is better than demo trading.. so any of us should be able to figure out some kind of balance in terms of how much we trade or how much we invest in which we are not nervous about whether we win or lose, so in that regard, if you are nervous about it, then you are likely trading/investing too much. 

In other words, I would suggest to practice with real money rather than fake money, even if your budget might start with just $100.. and so there is likely some need to have real money at stake in order to really learn, but you do not need to use a lot of money to learn, but it should be an amount that you are willing to learn, whether you consider yourself to be merely practicing or investing for the long term with real desires to make money and/or to increase your future options in life.

That`s right is better to learn with real money than demo account when it comes to trading , but make sure the money you are using is something you can afford to lose. Most people believe after using demo account to learn all they need to become successful in trading they are good to go, but they always forget one thing that there`s a big different when real money is on the line , that`s where emotions management usually comes out . Because is one of the most common challenge traders do face , not being able to manage your emotions, but when you take your time and learn with real money you will be able to  handle somethings easily while trading.

But still either you a trader or an investor aslong you are in this space it is always advisable to have some nice bitcoin stashes in your portfolio in order to partake in this wonderful adventure in bitcoin investment. 

Yes, when a trader trades with real money, he will know the nature of market conditions. A trader will know directly about the nature of prices and how the market works. When a trader makes real trades both fear and greed as well as having metal stress those play a special role for the trader to be efficient. A trader can be confident about what action to take in emotional areas.

If a trader is trading live then he will have to focus on getting to know the market which is not possible with a demo account. Moreover, a trader can gain proper knowledge about risk taking which is not possible to learn in demo trading as there is no fear of loss.

Although an investor collects bitcoins with a small amount of money and monitors it regularly, he can also learn about bitcoins in addition to real trading knowledge, which can further encourage him to buy bitcoins.

[Hewlet]

Yes, when a trader trades with real money, he will know the nature of market conditions. A trader will know directly about the nature of prices and how the market works. When a trader makes real trades both fear and greed as well as having metal stress those play a special role for the trader to be efficient. A trader can be confident about what action to take in emotional areas.

If a trader is trading live then he will have to focus on getting to know the market which is not possible with a demo account. Moreover, a trader can gain proper knowledge about risk taking which is not possible to learn in demo trading as there is no fear of loss.

Although an investor collects bitcoins with a small amount of money and monitors it regularly, he can also learn about bitcoins in addition to real trading knowledge, which can further encourage him to buy bitcoins.

I feel that regardless of ones prio knowledge on trading before eventually deciding to go into full term Bitcoin investment, it's best one shouldn't mix up the two together as it has an high potential of draining down ones investment portfolio in the process. We all came from different background and our understanding on how to be better at our Bitcoin investments differs and somehow, if someone was once into trading, it's going to interfair in your plan to accumulate a certain amount of Bitcoin before a particular year or before Bitcoin gets to a particular amount amount if you're still trying to use part of your Bitcoin for trading purposes. It's not as though you might not be successful in some occasions but tampering with your investment goals based on an adventure that has a probability of yielding positive or negative returns doesn't look like a good bet with your investment.

The time and effort you would put into trying how to do a test run with a demo account and then going into doing trading could potentially be annersed in a more productive venture that will yield better profit which could be added to your investment portfolio and it goes on to increase it value. A proverd goes that a bed at hand is far more better than thousands in the bush, Which directly means that an holding at hand is far more better than the probability that comes with trading part of your Bitcoin holding.

[Dailyscript]

Low income earners who do barely have enough to feed exist but in such situation, investing in Bitcoin is the last thing they should worry about because they need money to invest in Bitcoin. If they use the money they are supposed to use for feeding and invest in Bitcoin, it is a matter of days or week before they sell the Bitcoin because food is a basic necessity unless they have decided that they will die of hunger instead of selling their Bitcoin so that when they die someone else will sell the Bitcoin or it becomes lost coins.

To invest in Bitcoin and be able to HODL it, the investor must first of all set up the money for their basic needs which cover food, shelter, medical and others. After then the investor have to protect the investment by setting up emergency funds that will take care of things that fall outside the basic needs which can come up unplanned. It is after this two set of funds are in place that there will be some level of confidence that the investor can invest in Bitcoin and HODL without the pressure to sell.

Your right. Some persons shouldn't worry about starting an investment until they are capable of sustaining it. There are thins that are criteria to secure an investment ongoing on. One is to have enough to take care of monthly needs, if we have a family then the family first before thinking of investing. Expenses as rent, tuition fees, and emergencies fund should be met first before proceeding with the investment. When i hear people using money that was meant for this important life needs to invest in Bitcoin i feel sorry because it doesn't take them long they sell off the investment in the short term with little profit. As an investor i think it is good we ask our self what is the vision we have for our investment, if we are in for short or long term because a successful Bitcoin investment is determined by the level of discipline, consistency and sustainability of effort an investor put into it in the long term.