Does the DCA strategy inspire newbies to invest?

[JayJuanGee]

[edited out]

Of course, the major thing is to get started as soon as you get your discretionary income ready. Of course, there are so many things you can't learn unless you start and become part of the process. So when once you get started, there are so many things the investor will learn such as.... 1) figuring out the best investment pattern and/or price that will suit your income or investment. 2) Figuring out how to strike a balance and manage your income properly to ensure proper income allocation.. 3)know how best or when to increase or reduce your investment allocation according to your available income, etc..

So, all this experience cannot be learned if you don't get started. Building up your emergency funds and other back up funds too becomes very important as you begin your investment. Though, you can start without the emergency funds, but you must begin to build it up  as long as you have discovered your discretionary income

Everyone likely has to have some level of back up funds to start to buy bitcoin.  Otherwise, how are they going to know if they have covered all of their expenses.  If they use all of their discretionary funds to buy bitcoin, then they have no money left in case there are more expenses before the next time that they are paid. 

It is true that back up funds (or emergency funds) can be built at the same time as bitcoin is being bought, but it would be reckless to start with absolutely zero back up funds.

[Versatile_choice]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

[Baki202]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

The basic knowledge is very paramount and essential because then you will then try and see what you can afford even through DCA that is the only way that things will will make sence because the knowledge have to be there and another thing is that when you start and the investment is through DCA then you have to be prepared because you have to show a lot of commitment in other to build up your portfolio so this are ways that it can be worked upon and the same time your result is there for you but before the result you have to put in a lot of sacrifices because investing in Bitcoin comes with a lot of sacrifices to pay and then that is why DCA will actually inspire newbies for sure no doubt.

[Jamestown70]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

So far, I would appreciate if you can elaborate on the basic knowledge you’re talking about, because the basic knowledge I know of is learning how to buy and sell and the type of wallet to store your coin, every other knowledge will likely  be learnt for someone who is enthusiastic about bitcoin as time goes on or is there any other aspect of basic knowledge one need to know before starting his Bitcoin accumulation journey?.

[cocadalcan]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

So far, I would appreciate if you can elaborate on the basic knowledge you’re talking about, because the basic knowledge I know of is learning how to buy and sell and the type of wallet to store your coin, every other knowledge will likely  be learnt for someone who is enthusiastic about bitcoin as time goes on or is there any other aspect of basic knowledge one need to know before starting his Bitcoin accumulation journey?.

The basic knowledge about Bitcoin is that you need to know that Bitcoin is a volatile asset and to refrain from short term trading. This is a basic thing, after that choosing a safe wallet for Bitcoin and accumulating Bitcoin regularly. For a new investor it may be a bit difficulty to start initially and he may need to take advice and logistic support from an experienced investor.

To plan for the long term in Bitcoin accumulation prioritise risk management through your discretionary income and DCA method and as you increase the scope of more available knowledge about Bitcoin, you can increase your holdings by buying Bitcoin from the reserve fund you have. Another important instrument for staying with Bitcoin savings for 4-10 years is to set up an emergency fund that can provide backup in instance of emergency by keeping your Bitcoin holdings unaffected.

[Charcol]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

So far, I would appreciate if you can elaborate on the basic knowledge you’re talking about, because the basic knowledge I know of is learning how to buy and sell and the type of wallet to store your coin, every other knowledge will likely  be learnt for someone who is enthusiastic about bitcoin as time goes on or is there any other aspect of basic knowledge one need to know before starting his Bitcoin accumulation journey?.

What you know is right. There are some other basic things along with this.

Having an idea about price fluctuations. There will be sudden big fluctuations in the market, it is quite normal. So FOMO or panic selling should be avoided.

Understanding your financial management in terms of investment. Understanding what percentage of your income you can invest and keep it in the long term. It is better not to invest money that will be needed in the short term.

Gradually moving to the accumulation stage. Knowing about the DCA method. Buying small amounts regularly instead of investing in huge amounts. In this, the average purchase price is significantly in our favor. Finally, keeping a long - term perspective.

These are basically part of the basics. And it doesn't take a new investor much time to learn these basics. It is possible to learn them by discussing them in the forum for a few days. Initially, you can start investing by keeping it on the exchange. After starting investing, you can learn that it is important to understand your private key and seed phrase. Once you have learned these, it is important to keep your own wallet to keep it in the long term. Because if you keep it on the exchange, it will be a problem if it is hacked or frozen. You also need to know about security awareness. Phishing and scams are very common. These are the biggest risks for beginners.

[DubemIfedigbo001]

~

The basic knowledge is very paramount and essential because then you will then try and see what you can afford even through DCA that is the only way that things will will make sence because the knowledge have to be there and another thing is that when you start and the investment is through DCA then you have to be prepared because you have to show a lot of commitment in other to build up your portfolio so this are ways that it can be worked upon and the same time your result is there for you but before the result you have to put in a lot of sacrifices because investing in Bitcoin comes with a lot of sacrifices to pay and then that is why DCA will actually inspire newbies for sure no doubt.

Well, DCA makes investing into bitcoin stress free to a great extent, so those sacrifices you are talking about are greatly reduced to the minimum since the newbie will not be buying with large amounts that inconveniences him, rather with small amounts that he is comfortable with and building out backup funds to further increase financial cushion and reduce the stress, then overtime he can choose to increase his buy amount when he has become more comfortable with buying and when his confidence in bitcoin increases.

DCA reduces the pressure of investing into bitcoin, unless the investor becomes over aggressive and then manually mounts unnecessary pressure on himself and such may not be sustainable for long, in that situation, it is no longer about lots of sacrifices investing into bitcoin anymore, but the situation the investor put himself in with his bad cashflow management practice.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

So far, I would appreciate if you can elaborate on the basic knowledge you’re talking about, because the basic knowledge I know of is learning how to buy and sell and the type of wallet to store your coin, every other knowledge will likely  be learnt for someone who is enthusiastic about bitcoin as time goes on or is there any other aspect of basic knowledge one need to know before starting his Bitcoin accumulation journey?.

The basic knowledge you need is how to ensure that you've discretionary income to kickstart your investment journey, the importance of consistency in your periodic purchases and the fact that bitcoin is a better going long-term in it and then how to buy. These are enough to start, you can go on learning other things while you are continuously buying and holding bitcoin

[Publictalk792]

Everyone likely has to have some level of back up funds to start to buy bitcoin.  Otherwise, how are they going to know if they have covered all of their expenses.  If they use all of their discretionary funds to buy bitcoin, then they have no money left in case there are more expenses before the next time that they are paid. 

It is true that back up funds (or emergency funds) can be built at the same time as bitcoin is being bought, but it would be reckless to start with absolutely zero back up funds.

Biggest mistake you can make when buying Bitcoin is to do it without having back up fund since now long term investment has become risky job to take since without money to pay for emergencies, you will be left to sell your Bitcoin at loss during market crash. To avoid being forced seller and can remain calm enough to keep your coins even in falling market, financial experts suggest keeping three to six months of expenses in safe account. Fact this safety net exists in first place makes you think not of fear but of patience, protecting your mental health and even giving you with extra cash to buy more Bitcoin at low price. So, balanced strategy such as saving one month of costs before making your first buy is far smarter than putting all your money on it, as it will help to make sure that m financial base is strong enough to support long term goals.

[Joeboy]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

I hope you know that you both are driving toward the same point...But then again you have to understand that basic knowledge wouldn't make newbies to be immune to making mistakes, they will still make some silly/ or unnecessary mistakes which can even cost them their investment... And so in addition to having some basic knowledge, it would still be more safer and reasonable that folks begin with little amount that they know that they can afford to lose in case they make whatsoever mistakes along the way.. And while they are investing with this little amounts, folks should also try what they can to learn more and more about Bitcoin since it is through participation/or experience that they can very understand more about Bitcoin so as to reduce their chances of being victims to unnecessary mistakes...

[Nheer]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

The basic knowledge is very paramount and essential because then you will then try and see what you can afford even through DCA that is the only way that things will will make sence because the knowledge have to be there and another thing is that when you start and the investment is through DCA then you have to be prepared because you have to show a lot of commitment in other to build up your portfolio so this are ways that it can be worked upon and the same time your result is there for you but before the result you have to put in a lot of sacrifices because investing in Bitcoin comes with a lot of sacrifices to pay and then that is why DCA will actually inspire newbies for sure no doubt.

You make it seem like investing is something that requires thorough preparations to start. Of course having knowledge is good but then it doesn't stop you from starting your investment because once you have your discretionary income available then all that's needed to do is to purchase Bitcoin with the discretionary income and store and consistently repeat the process and you can learn as you go on with the investment. Active participation with Bitcoin makes you more familiar with the asset, it is where the real learning happens so the basic knowledge is not essential. Start small with discretionary income and as your understanding increases you get to understand how to manage your cash flow and how much money should be put into the investment.

Snip

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

I hope you know that you both are driving toward the same point...But then again you have to understand that basic knowledge wouldn't make newbies to be immune to making mistakes, they will still make some silly/ or unnecessary mistakes which can even cost them their investment... And so in addition to having some basic knowledge, it would still be more safer and reasonable that folks begin with little amount that they know that they can afford to lose in case they make whatsoever mistakes along the way.. And while they are investing with this little amounts, folks should also try what they can to learn more and more about Bitcoin since it is through participation/or experience that they can very understand more about Bitcoin so as to reduce their chances of being victims to unnecessary mistakes...

That's true, learning doesn't stop them from making mistakes so there's no point waiting out to learn before investing when you will still end up making mistakes. These mistakes are common and they are what makes you a better investor when you learn from them. The real knowledge is gotten from active participation and your experiences in your investment journey so waiting out to learn is a waste of time and can lead to missed opportunities. Instead begin your investment and you can learn as you proceed.

[Primark]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

[liasbaa]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

At the beginning of investment basic knowledge about the investment related topic is considered fundamental. Suppose you are new to Bitcoin investment and you are interested in knowing more about it, it will take a lot of time to do it. But you have the available amount of funds at the moment but you do not know the basic things about Bitcoin. In that situation it will be a good investment strategy to be aware of the basic things about Bitcoin and start accumulating Bitcoin. You will know more in detail as you accumulate Bitcoin regularly. Because of this it is recommended for a new investor. You need not to be huge knowledgeable to start Bitcoin. All you need is discretionary funds and basic things about Bitcoin that motivate you in accumulating Bitcoin for the long term.

[Kryptonite788]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

Firstly, newbies have to understand the concept of bitcoin at its core before starting their investment journey and  it is very important because lack of understanding has made many investors quit along the way because they had wrong expectations. The best thing a newbie can do for theirselves is to enter into bitcoin investing with a clear plan and a mindset of long term holding because short-term trading is very risky especially for beginners so it’s better to HODL. And I’d advise newbies to always use their discretionary income for investment and apply DCA strategy because it is a beginner friendly strategy and it allows newbies to invest small amounts consistently and over time which reduces the risk of them losing money that they can’t afford to lose. Discipline is also a key virtue that a new investor has to have because discipline is actually what keeps you from falling off in your investment journey .

[Proty]

Exjectly, one does not need to earn a degree to invest in Bitcoin and there is no need to waste a lot of time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases knowledge and confidence in investing in Bitcoin in the long term. Everyone's risk tolerance is different and the same investment pattern is not for everyone.

In as much as I will agree with you when you said that the best way to learn about bitcoin is to start with small amount, I would also like you to know that the basic knowledge is what we need before getting started, then as time goes on we can be able to learn best just like you said because there might be alot of mistakes if beginners go with this method of starting without getting the Basic knowledge, so even though they are going to start small but first thing first is getting the Basic knowledge as this will prevent them from making some unnecessary mistake.

I hope you know that you both are driving toward the same point...But then again you have to understand that basic knowledge wouldn't make newbies to be immune to making mistakes, they will still make some silly/ or unnecessary mistakes which can even cost them their investment... And so in addition to having some basic knowledge, it would still be more safer and reasonable that folks begin with little amount that they know that they can afford to lose in case they make whatsoever mistakes along the way.. And while they are investing with this little amounts, folks should also try what they can to learn more and more about Bitcoin since it is through participation/or experience that they can very understand more about Bitcoin so as to reduce their chances of being victims to unnecessary mistakes...

Definitely having a basic knowledge doesn't make an investor especially a Newbie to be prone to making mistakes but rather it helps them not to make some mistakes they are not supposed to. There are people that may make the mistake of wanting to start accumulating bitcoin with money that isn't there discretionionary income but having a basic knowledge will actually prevent them from not making this mistake.It is essential for a newbie to sort out if they have discretionionary income to start with before they can start accumulating bitcoin,  not having this basic knowledge will only make to make mistakes that would have been avoided. However, basic knowledge doesn't mean that there won't be room for mistake or there won't be need to expand ones knowledge about bitcoin as we continue with bitcoin accumulation.

[Cyber_warrior]

At the beginning of investment basic knowledge about the investment related topic is considered fundamental. Suppose you are new to Bitcoin investment and you are interested in knowing more about it, it will take a lot of time to do it. But you have the available amount of funds at the moment but you do not know the basic things about Bitcoin. In that situation it will be a good investment strategy to be aware of the basic things about Bitcoin and start accumulating Bitcoin. You will know more in detail as you accumulate Bitcoin regularly. Because of this it is recommended for a new investor. You need not to be huge knowledgeable to start Bitcoin. All you need is discretionary funds and basic things about Bitcoin that motivate you in accumulating Bitcoin for the long term.

Knowledge is fundamental but you don't have to wait until you learn about it before you can invest. What is most important is to first invest and not learning because you can learn all you need to with your investment ongoing and ordinarily by just investing and participating in investing and holding Bitcoin you are learning more about it already and as your knowledge increases you get to understand more about how your investment should go.

Waiting that long to learn will waste your time so once you have discretionary income you can start investing immediately and go ahead with the learning process as well.

what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

To answer the question I say the fundamentals to know is to never delay your investment for no reason when you have discretionary income, not even to learn. Don't invest with money set aside for your necessary expenses and always invest with discretionary income (money left after you have taken care of your expenses). Build your emergency funds and reserve fund as you invest so they can prevent you from dipping into your investment during emergencies. And do not invest for quick profits, long time investment is more reasonable and beneficial. This shouldn't take long to know.

The idea is to grow your investment and protect it and stay invested for long to benefit from the long term growth.

[Abbatty]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

First we begin with why the tread is created, it is created to know if the DCA strategy inspire newbies, to answer the question it does and the reasons are

- the DCA doesn’t require you to have much before investing, with little you have if you can have a discretionary income from it then you can start investing. ( discretionary income is the money you have left after your major expenses)

- the DCA strategy allows you to start investing as soon as you can since much is not needed to start investing.

- the DCA strategy also allow you to have that restful mind even when the market is not favorable because what you are investing with is much.

- the DCA strategy also allow you to hold for long period of time because since what you investing with is what you can afford to lose, you emotions don’t get attached to your investment.

Above all know that there is not better to do invest, you can start right away. Again, don’t also feel you need to much before investing, invest, get engaged, participate frequently and you will see you will know much about bitcoin investment in no time.

[Sim_card]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

Bitcoin is a long-term asset and you should have a long-term investment mindset as a new bitcoin investor.

Bitcoin has two market phase which is the bear market and the bull run which makes a circle.

Invest with the amount of money that you can afford to lose.

Bitcoin is volatile in nature which makes the price to go up and down.

Know which exchange you will use to buy bitcoin and how to buy bitcoin.

[ejikeme24]

Everyone likely has to have some level of back up funds to start to buy bitcoin.  Otherwise, how are they going to know if they have covered all of their expenses.  If they use all of their discretionary funds to buy bitcoin, then they have no money left in case there are more expenses before the next time that they are paid. 

It is true that back up funds (or emergency funds) can be built at the same time as bitcoin is being bought, but it would be reckless to start with absolutely zero back up funds.

Biggest mistake you can make when buying Bitcoin is to do it without having back up fund since now long term investment has become risky job to take since without money to pay for emergencies, you will be left to sell your Bitcoin at loss during market crash. To avoid being forced seller and can remain calm enough to keep your coins even in falling market, financial experts suggest keeping three to six months of expenses in safe account. Fact this safety net exists in first place makes you think not of fear but of patience, protecting your mental health and even giving you with extra cash to buy more Bitcoin at low price. So, balanced strategy such as saving one month of costs before making your first buy is far smarter than putting all your money on it, as it will help to make sure that m financial base is strong enough to support long term goals.

I agree with you to say that guys can still start their bitcoin investment with zero back up funds rather they should not wait for a long time before building their back up funds, I started my bitcoin investment with zero back up funds and that is because my discretionary income was low so it won't be enough for me to build my back up funds and that of my bitcoin investment so I decided to focus on building my portfolio then after a short time I started building my back up funds, but there's nothing good as having a backup funds before getting started because for the fact that I started with zero back up funds doesn't mean other people can try it and it works because no one can predict when emergency will happen.

[Gost ms]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

Basic knowledge of Bitcoin is usually understood.

• What is Bitcoin
• Finding out if there is a source of discretionary income
• Investment strategy
• What is a wallet
• Security, how to protect your assets from hackers and half hands
• Risk
• Investment strategy
• Trust in Bitcoin
• Etc

If you know about these topics, then you can start investing. After starting investing, you can continuously invest and gain knowledge at the same time.

These topics of JayJuanGee Sir will be very educational for you and I am hopeful that you will benefit from this place.

• https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590

These 9 principle individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:

1)   your cashflow (which also includes ideas of income versus expenses and surely discretionary income is the difference between income and expenses),

2)   how much bitcoin you have already accumulated,

3)   your other investments (including considering your emergency fund, your float and your reserves - which are usually kinds of liquid ways to hold value in cash, dollars and/or your native currency in away that many of your expenses tend to be denominated),

4)   your view of bitcoin as compared with other investment possibilities,

5)   your timeline,

6)   your risk tolerance,

7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
 
8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
 
9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)

[Showlove01]

What is meant by fundamentals here? And what are the fundamentals that we need to know at the beginning of investing? I would like to know the details.

At the beginning of investment basic knowledge about the investment related topic is considered fundamental. Suppose you are new to Bitcoin investment and you are interested in knowing more about it, it will take a lot of time to do it. But you have the available amount of funds at the moment but you do not know the basic things about Bitcoin. In that situation it will be a good investment strategy to be aware of the basic things about Bitcoin and start accumulating Bitcoin. You will know more in detail as you accumulate Bitcoin regularly. Because of this it is recommended for a new investor. You need not to be huge knowledgeable to start Bitcoin. All you need is discretionary funds and basic things about Bitcoin that motivate you in accumulating Bitcoin for the long term.

Been aware of the basic knowledge about Bitcoin investment is not a strategy but rather it is a thing someone must or should know before going into Bitcoin investment. There are 3 basic strategies that can be use in Bitcoin accumulation which are the buy Dip, lump sum and DCA ( dollar cost averaging) and among the three strategies the DCA method is most preferable because it can help an investor accumulate at different phase of the market without pressure using the discretionary income.