Does the DCA strategy inspire newbies to invest?

[Nheer]

Making a list of essential and non-essential things just because you want to invest is a waste of time and basically unnecessary. I believe that as long as you have discretionary income in hand just invest what you wanna invest because having discretionary income already implies that all your essential needs have been catered for so no need to be making any “essential vs non-essential list” and at the end of the day making such a list doesn’t even guarantee that you’ll make better decisions. And come to think of it,  what if the person operates on fixed allocation and they decide to invest 10% of whatever they earn monthly ?,do you really think making a list of essentials vs non-essentials would still be relevant?, of course it won’t be relevant anymore because the system will automatically adjust itself so when income goes up, investment increases and when income decreases, investment decreases as well,so no list is needed .

This list can be useful to help distinguish your immediate needs from your wants and helping you set clear priorities in your spendings and help manage your finances properly. This can be very helpful for an investor with limited income to prioritize their needs more than their wants so they focus more on essential expenses rather than unnecessary spendings. This will help them have more money at their disposal to increase the discretionary income and build emergency fund and reserve fund with time.

Identifying your needs and wants is not just about being organized it’s about aligning your spending with your investment and understanding how much money you truly have available to invest and protect your investments. It's a practical way toward better financial control and not a total waste of time.

[laspol65]

DCA is the only strategy that gives newbies the strong mindset and the ability to comfortably invest in bitcoin without any stress of finance as long as you are using your discretionary income.

DCA gives you the ability of consistently, ongoingly accumulating bitcoin whenever you want and gives you an edge by gradually building up your investment over those who are waiting for financial stability before investing

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

[Kryptonite788]

This list can be useful to help distinguish your immediate needs from your wants and helping you set clear priorities in your spendings and help manage your finances properly. This can be very helpful for an investor with limited income to prioritize their needs more than their wants so they focus more on essential expenses rather than unnecessary spendings. This will help them have more money at their disposal to increase the discretionary income and build emergency fund and reserve fund with time.

Identifying your needs and wants is not just about being organized it’s about aligning your spending with your investment and understanding how much money you truly have available to invest and protect your investments. It's a practical way toward better financial control and not a total waste of time.

You were so eager to tackle me that you failed to fully comprehend my write-up. By definition, we all know that discretionary income is the money that remains after all essential expenses have been made so it’s common sense to know that when someone has discretionary income, it literally means that the person has already had their basic needs taken care of and so there’s basically no need to be making any so-called list. I then went ahead to cite an example of people that operate on fixed allocation, and I said if a person decides to invest a certain percentage of income monthly, the system readily scales with that person’s earnings so when income rises ,investment will rise too and vice-versa. Now you need to understand that a list might only be useful if the individual struggles to distinguish between their wants and needs. A situation whereby discretionary income is properly calculated and fixed  allocations are applied,that individual already has discipline built in themselves so making a list doesn’t really add more new value.

[Olatundespo]

DCA is the only strategy that gives newbies the strong mindset and the ability to comfortably invest in bitcoin without any stress of finance as long as you are using your discretionary income.

DCA gives you the ability of consistently, ongoingly accumulating bitcoin whenever you want and gives you an edge by gradually building up your investment over those who are waiting for financial stability before investing

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

It is very important to have a basic understanding of the DCA strategy for Bitcoin through long term dodge and discretionary income. If the main strategy of investors is to do DCA for the long term, they need to build an emergency fund and place this fund on a strong foundation because emergencies are a natural thing and can be of any kind. It is also important for you to have a cash reserve fund because buying lump sum during a price dumping rally to grow a Bitcoin portfolio is considered another important part of investing.

Dollar cost averaging to stay regular in Bitcoin investing is as easy for new or experienced investors as buying Bitcoin lump sums. To grow Bitcoin holdings in the portfolio is considered a very necessary source by perception investors.

[Showlove01]

DCA is the only strategy that gives newbies the strong mindset and the ability to comfortably invest in bitcoin without any stress of finance as long as you are using your discretionary income.

DCA gives you the ability of consistently, ongoingly accumulating bitcoin whenever you want and gives you an edge by gradually building up your investment over those who are waiting for financial stability before investing

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

[MusaPk]

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

Bitcoin investment no doubt is very easy to start yet many are reluctant to start it. For starting Bitcoin investment, all we need is a mindset that its a good investment that will give good return in the long run. Rest once we start investing in Bitcoin, with time we learn more on how to further improve our investment strategy. If someone is investing 100$ per week then after sometime he will realise that bonus I got from job is a spare money for me and I can invest that in Bitcoin. Likewise other people will figure out other ways to improve there investment strategy.

[Popkon6]

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

Bitcoin investment no doubt is very easy to start yet many are reluctant to start it. For starting Bitcoin investment, all we need is a mindset that its a good investment that will give good return in the long run. Rest once we start investing in Bitcoin, with time we learn more on how to further improve our investment strategy. If someone is investing 100$ per week then after sometime he will realise that bonus I got from job is a spare money for me and I can invest that in Bitcoin. Likewise other people will figure out other ways to improve there investment strategy.

Therefore, the better the discretionary income of a person who invests in Bitcoin, the more his investment will increase. Those who will be able to deposit Bitcoin repeatedly in the portfolio, those who will regularly purchase Bitcoin according to the DCA method will be the only ones who will be able to grow their portfolio quickly and earn more benefits. At present, the price of Bitcoin is under the control of every investor, so if you can invest now, you will definitely earn several times the benefits after a few years in the future.
Therefore, the condition of discretionary income should definitely be improved and the more income you get, the more opportunities you will have to buy Bitcoin according to the DCA method.

[ruykeri]

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

Bitcoin investment no doubt is very easy to start yet many are reluctant to start it. For starting Bitcoin investment, all we need is a mindset that its a good investment that will give good return in the long run. Rest once we start investing in Bitcoin, with time we learn more on how to further improve our investment strategy. If someone is investing 100$ per week then after sometime he will realise that bonus I got from job is a spare money for me and I can invest that in Bitcoin. Likewise other people will figure out other ways to improve there investment strategy.

I agree with you. People can learn a lot after starting. When they know more about Bitcoin investment, then if that person gets extra money, they will invest some of it in Bitcoin. And you are right, starting Bitcoin investment is not technically very difficult. You can start with a small amount of money. But just having the mindset is enough to start. Because many people think Bitcoin is a good investment but later start wrongly. That is why we have to have the right mindset from the beginning. And have to pay attention to continuous dca so that it never stops.

[abaeze]

DCA is the only strategy that gives newbies the strong mindset and the ability to comfortably invest in bitcoin without any stress of finance as long as you are using your discretionary income.

DCA gives you the ability of consistently, ongoingly accumulating bitcoin whenever you want and gives you an edge by gradually building up your investment over those who are waiting for financial stability before investing

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

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.

Therefore, investment should be based on the understanding and comfort of the person. First start small, learn, build confidence, then gradually increase investment if you want, this is the most effective investment mindset or you can say a kind of strategy for investing and learning in Bitcoin.

[PhilosopherKing]

DCA is the only strategy that gives newbies the strong mindset and the ability to comfortably invest in bitcoin without any stress of finance as long as you are using your discretionary income.

DCA gives you the ability of consistently, ongoingly accumulating bitcoin whenever you want and gives you an edge by gradually building up your investment over those who are waiting for financial stability before investing

If you want to invest in Bitcoin, then you must know about Bitcoin investment.

this your opinion does not go down well with me. So hell no you don't need be an OG about bitcoin investment before beginning. What is  important is to have discretionary income and common sense to learn along the way.

Therefore, it just would be so fucked up to sit around until you get a special amount of knowledge about bitcoin. Should I remind that no person started to be investing ongoingly as an expert. Along the way of investing ongoingly that how tthey get their understanding and became expert

[Obulis]

You touched on an important issue xbartoni...
first of all, lets clarify what the DCA approach is. it is a strategy with a strong history and simple to implement, which should be used carefully especially in highly volatile assets such as Bitcoin for new investors who will trade in the stock market and proceed on this path. i think, systematically buying a fixed amount at regular intervals reduces the risk in the market. my opinion is simply in this direction   because it minimizes the fluctuation that will occur by spreading the purchases and sales over time... i think however  from a professional perspective DCA alone is not a savior. those who will invest in the stock market should have clear goals and analyze their needs well and consider all risks in advance. learn to manage the trading to be done and the loss to be encountered in sudden declines and to develop a strategy against unexpected market shocks by determining the situation... i think secure storage (cold wallets) is important in the case of Bitcoin.
in conclusion: with my thoughts and analysis DCA offers a quality structure for saving money in the long term. however for its effective implementation it is necessary to adopt professional standards in discipline risk management and infrastructure...

                                                                                                                                                                                                      korakwinband

Mentioning DCA and trading in the same sentence is diabolical , do not confuse yourself @korakwinband,first and foremost your idea that DCA has a strong history and is broadly effective is mostly misleading and my reason for saying this is because that idea depends heavily on the type of market or asset you’re applying it to. DCA works well for assets that trend upward overtime with relatively stable growth, so steady markets like broad stock index work very well with DCA because the overall trend goes upward over time and long term growth eventually smooth out the impact of buying at higher price but when it comes to bitcoin, the case is different, due to the volatility of bitcoin, its price moves in extreme cycles with huge spikes and crashes ,multi year bear markets can leave DCA investors buying continuously while price is falling and this can cause reduction in overall returns so even though DCA has a good history In steadily growing markets, when it comes to highly cyclical and volatile assets like bitcoin ,it tends to trade off higher potential returns for simplicity and emotional discipline. DCA is not a structured professional strategy, it is more of a behavioral compromise tool and its sole reason for existence is to protect inexperienced investors from making emotional mistakes and to help them stay in the market without sabotaging themselves by trying to maximize short term gains.

In the first place, when talking about DCA here, it's all about Bitcoin and nothing else and the strong history of DCA strategy is all about Bitcoin which is indeed loud irrespective of market price circle. The volatility of Bitcoin doesn't in any way undermine the advantages of DCA strategy in Bitcoin investment so there's nothing o point comparing DCA in Bitcoin and DCA in less volatile assets. Focus on DCA strategy in Bitcoin.

[Olatundespo]

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

Bitcoin investment no doubt is very easy to start yet many are reluctant to start it. For starting Bitcoin investment, all we need is a mindset that its a good investment that will give good return in the long run. Rest once we start investing in Bitcoin, with time we learn more on how to further improve our investment strategy. If someone is investing 100$ per week then after sometime he will realise that bonus I got from job is a spare money for me and I can invest that in Bitcoin. Likewise other people will figure out other ways to improve there investment strategy.

Whenever you give excessive importance to getting high returns from Bitcoin the matter can go to the level of trading. You need to apply the necessary strategies for holding Bitcoin. You said that starting accumulating Bitcoin is easy but I think it can be easy if you initially know about Bitcoin. You don't need to be very knowledgeable about Bitcoin. Accumulating Bitcoin is very easy if you have a source of discretionary income and you can be in Bitcoin accumulation regularly and the aim is to build a long term and suitable holding. If you have regular and additional funds available for Bitcoin, it is better to buy it for the purpose of increasing your Bitcoin portfolio. To invest in Bitcoin investors need to determine the future course of action and strategy in accordance with their income and expenses because not everyone's financial stability and ability are the same

[ultrloa]

How can someone hide when there is challenge in their Investment? That is not even possible instead they will look for a way to remedy the challenge perhaps that is what a good investor will or should do and not hide. Bitcoin investment is not really hard to start because what someone needs is just a basic knowledge and their discretionary income. Every other knowledge will be gotten as they progresses in their Bitcoin investment so waiting to gather tons of knowledge is an absolute waste of time and opportunity.

Bitcoin investment no doubt is very easy to start yet many are reluctant to start it. For starting Bitcoin investment, all we need is a mindset that its a good investment that will give good return in the long run. Rest once we start investing in Bitcoin, with time we learn more on how to further improve our investment strategy. If someone is investing 100$ per week then after sometime he will realise that bonus I got from job is a spare money for me and I can invest that in Bitcoin. Likewise other people will figure out other ways to improve there investment strategy.

Therefore, the better the discretionary income of a person who invests in Bitcoin, the more his investment will increase. Those who will be able to deposit Bitcoin repeatedly in the portfolio, those who will regularly purchase Bitcoin according to the DCA method will be the only ones who will be able to grow their portfolio quickly and earn more benefits. At present, the price of Bitcoin is under the control of every investor, so if you can invest now, you will definitely earn several times the benefits after a few years in the future.
Therefore, the condition of discretionary income should definitely be improved and the more income you get, the more opportunities you will have to buy Bitcoin according to the DCA method.

I think the best word to use is the more bigger your discretionary income invest the more better, since people in that situation can easily invest on Bitcoin in regular basis, especially if they do DCA strategy.

But aside from investors control there are certain factors that can affect the price like regulation done by government and other global trends. So they need to know those things to set up their emotion to not get panic if there are challenges happen in the market.

Although even they are consistent with trying to grow their portfolio still there's no guarantee what future will bring to investor, that's why having risk management is also important to avoid being to emotional and they can decide to hold for more years to see a possible best result of their investment made on Bitcoin.

[Cossyblack]

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

Someone can start with what they have learnt about bitcoin later they can gradually increase their knowledge. . Instead of prioritising knowledge only they should put a reserve fund and emergency in place because without a reserve fund and emergency fund in place,one could possibly tamper with his/her bitcoin investment during an emergency situation. Investors can build their reserve fund and emergency fund simultaneously while investing so that their bitcoin investment would be safe from any any emergency situation that could force them to sell prematurely.

[Razmirraz]

Snip.

In the first place, when talking about DCA here, it's all about Bitcoin and nothing else and the strong history of DCA strategy is all about Bitcoin which is indeed loud irrespective of market price circle. The volatility of Bitcoin doesn't in any way undermine the advantages of DCA strategy in Bitcoin investment so there's nothing o point comparing DCA in Bitcoin and DCA in less volatile assets. Focus on DCA strategy in Bitcoin.

When in the Bitcointalk forum discussion room, the DCA strategy in question is certainly investing in Bitcoin and history has indeed shown that this strategy is effective in managing Bitcoin volatility. Most users here are certainly familiar with this strategy, as it can help reduce market timing risks and leverage Bitcoin volatility for long-term profits. For the DCA strategy to be more effective in Bitcoin investment, concentration and discipline are needed because they are the keys to achieving success in investing. I also still use this strategy to continue accumulating Bitcoin by setting a time interval every week, although the amount is not much, but it can increase the investment amount gradually.

[Marvelockg]

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

Someone can start with what they have learnt about bitcoin later they can gradually increase their knowledge. . Instead of prioritising knowledge only they should put a reserve fund and emergency in place because without a reserve fund and emergency fund in place,one could possibly tamper with his/her bitcoin investment during an emergency situation.

A dude that's just getting started might not even know really well what an emergency fund is and it usefulness. What he probably needs is to start from somewhere and along the line hope that he gets to learn and that in the price of learning discovers things that will jointly help him become a better investor which includes making adequate provision for an emergency fund as well as implementing the right investment strategy. The main power is in starting because if you never starts, there's zero guarantee that you're going to understand the importance of certain investment neccesity.

To an extent, some of the things that appears so complex don't find application when you're relating it to someone that just want to invest and leave it that way. All an investor needs is the investment capital for a start, proper safety and security information and in the long run other things like the need to set our emergency fund and all can then set in.

[Joeboy]

I agree with you. People can learn a lot after starting. When they know more about Bitcoin investment, then if that person gets extra money, they will invest some of it in Bitcoin. And you are right, starting Bitcoin investment is not technically very difficult. You can start with a small amount of money. But just having the mindset is enough to start. Because many people think Bitcoin is a good investment but later start wrongly. That is why we have to have the right mindset from the beginning. And have to pay attention to continuous dca so that it never stops.

It seem you are painting Bitcoin investment as that which required a good amount of perfection prior to getting started... Sure it is good to know more and have the right mindset like you said, however at the start it may quite be impossible for some folks to have this sorted out and so they may continue to delay their investments... And that's why I think that it is much more better that folks kickstart their investments with the use of small amounts as soon as their discretionary income is available, and then figure out the rest during the process of their investment...The reason why starting small could be very good is that it afford the opportunity for folks to very well invest without them panicking when the price fluctuates...

[JayJuanGee]

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

Someone can start with what they have learnt about bitcoin later they can gradually increase their knowledge. . Instead of prioritising knowledge only they should put a reserve fund and emergency in place because without a reserve fund and emergency fund in place,one could possibly tamper with his/her bitcoin investment during an emergency situation.

A dude that's just getting started might not even know really well what an emergency fund is and it usefulness. What he probably needs is to start from somewhere and along the line hope that he gets to learn and that in the price of learning discovers things that will jointly help him become a better investor which includes making adequate provision for an emergency fund as well as implementing the right investment strategy. The main power is in starting because if you never starts, there's zero guarantee that you're going to understand the importance of certain investment neccesity.

To an extent, some of the things that appears so complex don't find application when you're relating it to someone that just want to invest and leave it that way. All an investor needs is the investment capital for a start, proper safety and security information and in the long run other things like the need to set our emergency fund and all can then set in.

The idea of getting started is good, yet it can be misleading to suggest that "investment capital" is needed to get started or that emergency funds are needed.  They are not needed.

Guys can start with merely $10 or some other small amount and learn as they go, and they can also build up their back up funds at the same time that they are buying bitcoin, so maybe a person might need to figure out whether he has discretionary funds or not, and maybe he has to figure out his income and his expenses, so if the guy has been getting paid around $700 every two weeks and his basic expenses are around $500 every two weeks, then he would have had figured out that he has $200 in discretionary funds every two weeks.

Perhaps if he has absolutely no other funds available then he might consider that maybe he could put $67 into investing into bitcoin, $67 into back up funds and use $67 for discretionary consumption.  So then perhaps each week he is coming accross a similar cashflow situation, so then if he continues to buy bitcoin, build his back up funds and use some of the money for discretionary consumption, then after a whole year of engaging in such a practice, he would have put $1,742 into bitcoin, $1,742 into his back up funds and he would have had discretionarily consumed $1,742.. .. and so then after a year, he is likely in a better situation, and maybe he can consider if there might be any changes that he could make or if he might continue down the same path and continue to build his bitcoin investment and his back up funds.. . so then he still ONLY has less than 2 months of his expenses in his back up funds, but he is making progress and he can chose if he wants to continue to emphasize equally or change the allocation..  Sure, he also likely has changes in his income and/or expenses, yet in the case of this example, I am using a steady amount to show how building up might progress, even if the exact amounts might vary from pay period to pay period.

I agree with you. People can learn a lot after starting. When they know more about Bitcoin investment, then if that person gets extra money, they will invest some of it in Bitcoin. And you are right, starting Bitcoin investment is not technically very difficult. You can start with a small amount of money. But just having the mindset is enough to start. Because many people think Bitcoin is a good investment but later start wrongly. That is why we have to have the right mindset from the beginning. And have to pay attention to continuous dca so that it never stops.

It seem you are painting Bitcoin investment as that which required a good amount of perfection prior to getting started... Sure it is good to know more and have the right mindset like you said, however at the start it may quite be impossible for some folks to have this sorted out and so they may continue to delay their investments... And that's why I think that it is much more better that folks kickstart their investments with the use of small amounts as soon as their discretionary income is available, and then figure out the rest during the process of their investment...The reason why starting small could be very good is that it afford the opportunity for folks to very well invest without them panicking when the price fluctuates...

Exactly.  Beginner bitcoin investors can work on their mindset as they go, and they can adjust their position size (investment amount) to account for quite a few unknowns that are likely going to be present in the beginning.  They start from where they are at, and some newbies are going to identify more uncertainties that they have than others and perhaps even difficulties figuring out their discretionary funds, yet if they are able to figure out their discretionary funds, then the surely can start and learn as they go and figure out which areas they need to work on to put themselves in a position to become more comfortable, whether they are investing weekly or on some other interval.

[NewRevelation]

If you want to invest in Bitcoin, then you must know about Bitcoin investment. Because if you participate in investment without knowing about Bitcoin investment, then if you face a little danger, you can hide yourself. That is why you should check about Bitcoin investment before participating in Bitcoin investment, in this it will be easy to sustain your Bitcoin investment for a long time, if you invest for long-term purposes, you must face danger, to deal with this danger, we must form an emergency fund.
This is something that beginners must know, if you know all these things, then it will be easy for him to keep Bitcoin investment for a long time and follow the DCA method.

Someone can start with what they have learnt about bitcoin later they can gradually increase their knowledge. . Instead of prioritising knowledge only they should put a reserve fund and emergency in place because without a reserve fund and emergency fund in place,one could possibly tamper with his/her bitcoin investment during an emergency situation.

A dude that's just getting started might not even know really well what an emergency fund is and it usefulness. What he probably needs is to start from somewhere and along the line hope that he gets to learn and that in the price of learning discovers things that will jointly help him become a better investor which includes making adequate provision for an emergency fund as well as implementing the right investment strategy. The main power is in starting because if you never starts, there's zero guarantee that you're going to understand the importance of certain investment neccesity.

To an extent, some of the things that appears so complex don't find application when you're relating it to someone that just want to invest and leave it that way. All an investor needs is the investment capital for a start, proper safety and security information and in the long run other things like the need to set our emergency fund and all can then set in.

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

[Cyber_warrior]

I agree with you. People can learn a lot after starting. When they know more about Bitcoin investment, then if that person gets extra money, they will invest some of it in Bitcoin. And you are right, starting Bitcoin investment is not technically very difficult. You can start with a small amount of money. But just having the mindset is enough to start. Because many people think Bitcoin is a good investment but later start wrongly. That is why we have to have the right mindset from the beginning. And have to pay attention to continuous dca so that it never stops.

It seem you are painting Bitcoin investment as that which required a good amount of perfection prior to getting started... Sure it is good to know more and have the right mindset like you said, however at the start it may quite be impossible for some folks to have this sorted out and so they may continue to delay their investments... And that's why I think that it is much more better that folks kickstart their investments with the use of small amounts as soon as their discretionary income is available, and then figure out the rest during the process of their investment...The reason why starting small could be very good is that it afford the opportunity for folks to very well invest without them panicking when the price fluctuates...

You're right. Many people delay their investment because they think Bitcoin investment require high level of perfection to get started but it actually doesn't. It's good to have knowledge and become confident as you invest but It's not realistic to expect beginners to have a everything figured out from the start, if they do it will lead to unnecessary delay and missed opportunities. Having a basic knowledge is enough to start your investment. Having a foundation is good so it won't be as if you don't know anything about what you're investing in.
No matter what an investor shouldn't delay their investment, they don't necessarily need a hug sum to start or have wide knowledge to start. Start small with discretionary income, seeking knowledge shouldn't be a reason to delay because you can gain knowledge with time.