Does the DCA strategy inspire newbies to invest?

[Jody.Drummer]

You said " it is easy to achieve success by Investing in Bitcoin according to the DCA method" and I will like to answer this way,  you can only achieve success in Bitcoin using the DCA method if only you have everything all figured out and you are following the method properly but on the other hand if you don't have everything all figured out you will definitely have setbacks and issues in your process of accumulating Bitcoin which means you can not achieve success even if you are using DCA method.

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

Another thing is that having this mentality that you cannot succeed if you do not understand everything is the biggest misconception for beginners. In reality, there are many people here who started without much knowledge. But they are still learning and saving. So saying these misleading things is like scaring beginners, which is not realistic.

In my opinion, whether or not it is successful depends on us who really do it seriously or not, some people only do it by seeing the benefits so that it doesn't last long in contrast to doing it consistently like in a long time not in the near future. For beginners there is no need to know everything about bitcoin because it takes a long time even if it is done, it is good, it just allows investment to be delayed, the option of choice is to do it with funds according to our own abilities and while doing so we also learn too.

[Barikui1]

To achieve success in bitcoin investment, either through DCA or other methods used, the most important thing you just need to figure out is your discretionary income. I don’t know of the everything you are talking about. You don’t need everything to invest through DCA, you only need your discretionary income in place. have your discretionary income figured out and you can confidently invest in bitcoin without having any issues. The only challenge or setback you will face is if you can’t figure out your discretionary income.

I don’t understand what you mean by figure out your discretionary income, please you people should learn to use English very well, are you trying to say that if anyone wants to succeed in bitcoin investment, he should have a discretionary income, if you mean this then is fine but if you are actually talking about figuring out one’s discretionary income I want to ask you what is so difficult to figure out your discretionary income. If you really understand the meaning of discretionary income, you know that it is the leftover money after carrying out all your basic needs so what’s so difficult to figure out there.

Bro try to understand that English is not most people father's language, so if anyone's English is not that clear, don't blame him or her that much because not everyone knows how to speak English very well like you.

Then talking about what he said, I don't think that he is wrong here because if you can figure out your discretionary income as a Bitcoin investor, the chances of your Bitcoin investment being a success is very high, because not everyone can figure out their discretionary income even though it seems very easy to you.
 Do you know that an investor might be unable to figure out his discretionary income because his basic needs is way higher than his income? Or due to mismanagement of funds he might be unable to figure it out, so it's wrong to think that everyone is as perfect as you bro.

[Bright0515]

you can only achieve success in Bitcoin using the DCA method if only you have everything all figured out

You don’t need everything to invest through DCA,

The truth is that everything can not be perfect at the same time. Based on my point of view, you don't need to figure out everything, the only important thing you need to figure out is whether you have any discretionary income or not. If as a no-coiner you don't have any discretionary income after all necessary expenses (including removing some funds for emergency), you shouldn't buying Bitcoin because it's not advisable to buy Bitcoin wity money for your survival, but if after all necessary expenses you have spare money (discretionary income) then you are to buy Bitcoin with it. Another fact is that you must not have huge figure of discretionary income before you start buying Bitcoin. Let's say for instance you get paid $500 monthly, and after all necessary expenses including rent and emergency funds you have just $50, you can buy with $25 - $30 (if you wish).

So what I'm trying to say here is that everything can not be perfect at the same time, all someone just need to figure out is his or her discretionary income to begin with. Waiting for everything to become perfect is likely same as waiting for the dip, and the person might wait for ever since they are waiting for everything thing to become perfect.

[sotelorene]

Yes, the DCA method plays a major role in investing in Bitcoin, it is a matter of patience and plays the most role in maintaining Bitcoin investment for a long time. This helps a person with a low income to invest in Bitcoin, in the current position, Bitcoin investment is the most popular and profitable way, but it is possible to achieve this by being patient for a long time. But those who want to become rich by investing in Bitcoin using the DCA method will never be able to do so, so using the DCA method, it will be necessary to be patient and increase the portfolio by investing small amounts.
Only through this strategy will it be possible to move forward into the future, and it will be easy for him to keep Bitcoin investment for a long time.

Dca strategy plays a major role as it helps investors with low discretionary income to invest. With the help of DCA,the poor can invest in bitcoin from the little they have and build consistently over time. Investors doesn't need to be rich to be able to invest in bitcoin as Dca strategy has made it convenient for the poor to also invest in bitcoin. So both the rich and the poor can invest in bitcoin through the dca strategy and grow their portfolio over time whenever they have discretionary incomes. They can Keep accumulating bitcoin with their discretionary income, surely they can build their portfolio by consistently and persistently accumulating bitcoin for the long term.

That is why the DCA method is the most popular among Bitcoin investors, in which both rich and poor investors can participate in Bitcoin investment and it is much easier to keep Bitcoin investment for a long time. It is easy to achieve success by investing in Bitcoin according to this DCA method in any market situation, as a result, a Bitcoin investor can hold it for 10 to 12 years by investing regularly according to the DCA method, weekly or monthly, and can move forward into the future by maintaining the continuity of purchases, then his investment will definitely be successful.

You said " it is easy to achieve success by Investing in Bitcoin according to the DCA method" and I will like to answer this way,  you can only achieve success in Bitcoin using the DCA method if only you have everything all figured out and you are following the method properly but on the other hand if you don't have everything all figured out you will definitely have setbacks and issues in your process of accumulating Bitcoin which means you can not achieve success even if you are using DCA method.

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

Another thing is that having this mentality that you cannot succeed if you do not understand everything is the biggest misconception for beginners. In reality, there are many people here who started without much knowledge. But they are still learning and saving. So saying these misleading things is like scaring beginners, which is not realistic.

I think you don't read my post comprehensively because I didn't strictly said anywhere that an investor needs to understand everything before they start their Bitcoin investment but rather what I said is that if an investor have everything all figured out or sort out and when I say everything figured out I mean the necessaries that someone need to stay consistent in their accumulation journey so don't misinterpret what I said because I know exactly what I said. Why will I encourage someone to understand everything before starting Bitcoin investment when I didn't understand everything when I started?

[Taskford]

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

Another thing is that having this mentality that you cannot succeed if you do not understand everything is the biggest misconception for beginners. In reality, there are many people here who started without much knowledge. But they are still learning and saving. So saying these misleading things is like scaring beginners, which is not realistic.

In my opinion, whether or not it is successful depends on us who really do it seriously or not, some people only do it by seeing the benefits so that it doesn't last long in contrast to doing it consistently like in a long time not in the near future. For beginners there is no need to know everything about bitcoin because it takes a long time even if it is done, it is good, it just allows investment to be delayed, the option of choice is to do it with funds according to our own abilities and while doing so we also learn too.

And I agree with that, success will truly depends on how consistent they are for dealing their long term investment. Actually many fail and decide to quit especially those dudes choosing quick gains when they didn't get their expectation and eventually lose their money on unexpected situations. Those investors choose the best like going long term then apply the best strategy like DCA usually last long and have higher chance to succeed.

Also what people need to understand that there's no need for them to know lots of things about Bitcoin, then also they are fine using small amounts to start since every purchase they made is already a great progress for their long term journey. They can also learn lots of valuable lessons along the way and this can help them build good discipline and potentially bring them good result in future.

[Solodoski]

That is why the DCA method is the most popular among Bitcoin investors, in which both rich and poor investors can participate in Bitcoin investment and it is much easier to keep Bitcoin investment for a long time. It is easy to achieve success by investing in Bitcoin according to this DCA method in any market situation, as a result, a Bitcoin investor can hold it for 10 to 12 years by investing regularly according to the DCA method, weekly or monthly, and can move forward into the future by maintaining the continuity of purchases, then his investment will definitely be successful.

You said " it is easy to achieve success by Investing in Bitcoin according to the DCA method" and I will like to answer this way,  you can only achieve success in Bitcoin using the DCA method if only you have everything all figured out and you are following the method properly but on the other hand if you don't have everything all figured out you will definitely have setbacks and issues in your process of accumulating Bitcoin which means you can not achieve success even if you are using DCA method.

To achieve success in bitcoin investment, either through DCA or other methods used, the most important thing you just need to figure out is your discretionary income. I don’t know of the everything you are talking about. You don’t need everything to invest through DCA, you only need your discretionary income in place. have your discretionary income figured out and you can confidently invest in bitcoin without having any issues. The only challenge or setback you will face is if you can’t figure out your discretionary income.

I don’t understand what you mean by figure out your discretionary income, please you people should learn to use English very well, are you trying to say that if anyone wants to succeed in bitcoin investment, he should have a discretionary income, if you mean this then is fine but if you are actually talking about figuring out one’s discretionary income I want to ask you what is so difficult to figure out your discretionary income. If you really understand the meaning of discretionary income, you know that it is the leftover money after carrying out all your basic needs so what’s so difficult to figure out there.

Somehow, you understand what he meant, but pointing out how poor his English was in communicating was your priority. Dont blame someone for how they speak or write because not everyone is good at that, but listen to the comment, there is meaning in what they are actually trying to communicate to us.

Figuring out discretionary income simply means knowing how to calculate it from the total income. It is very simple to do that by percentage. The investor should go and read about percentages or ask anyone to do it for them, that's all.

[Popkon6]

I think you don't read my post comprehensively because I didn't strictly said anywhere that an investor needs to understand everything before they start their Bitcoin investment but rather what I said is that if an investor have everything all figured out or sort out and when I say everything figured out I mean the necessaries that someone need to stay consistent in their accumulation journey so don't misinterpret what I said because I know exactly what I said. Why will I encourage someone to understand everything before starting Bitcoin investment when I didn't understand everything when I started?

It is not necessary to know everything about starting a Bitcoin investment, it would be best if you only know about the strategy of investing in Bitcoin. Because in addition to investing in Bitcoin, you will definitely gain more experience about Bitcoin, if each person has been following the DCA method for a long time, he will definitely gain experience.
He will gain extensive experience due to consistently purchasing Bitcoin, so it is important to maintain Bitcoin investment and be more careful for the future. If you follow these strategies correctly, then that person will definitely be successful in his Bitcoin journey.

[Rockson1]

That is why basic knowledge is necessary before starting Bitcoin investment because with the basic knowledge one will be able to know the difference between exchange and wallet and also know that exchange is no better place to store or keep our Bitcoin. So missing the basic knowledge about Bitcoin before starting is a big disadvantage because it will affect an investor in one way or the other. However, the basic knowledge also help an investor to adapt and understand fast while accumulating.

I don't see why a person needs to know the difference between an exchange wallet and a personal wallet prior to getting started.    

Why can't he start as long as he has discretionary funds?

Maybe he is not aware that a newbie getting to know the difference between the two wallet he mentioned has shifted from basic knowledge.
I do not know it is difficult for some people to understand that as long as an intending investors has their discreationary income present, such investors should not be waiting further again, basic knowledge is basic, a newbie do not need to know much or do advanced research since many things can be learned while a newbie continues to invest, there things that can cause delay and obstacles in the way of a beginner, such things are not welcomed, many OGs started without having much knowledge but today they have a bulky portfolio and has learning many thing along the line, intending investors should get the message straight and wait no further if they still waiting to gather all the knowledge which amounts to nothing if they are not into it.

[Itz-prisigold]

Inflation doesn’t have anything to do with bitcoin investment, no matter what the economy is the necessary things is having money to keep buying and accumulating Bitcoin.

Saying Bitcoin investing and inflation have no connection at all overlooks one of the biggest reason that actually drives many investors into Bitcoin in the first place. See many investors are not just investing their money in Bitcoin because they just want the numbers to be going up, but even more likely is to save their money from inflation that will cause the value of money to drop.

I believe that inflation and the economy truly affects investment behaviors, because it directly affect people's cashflow, savings capacity and purchasing power. Higher inflation means that the value of savings will drop, expense requirements will increase, and people will need to find a safer long term way to hold their money. Bitcoin naturally starts to dominate the conversation because its supply is limited and no central bank control it.

And lastly this your statement about “just have money and keep buying” is far too narrow. Having money is simply not enough. Having a proper structure also matters, the same goes to cashflow management, backup funds really matters and risk management they all matters when it comes to Bitcoin accumulation. One thing you should know is that, a person can have the money and still fail badly in their investment if that person is investing without understanding their financial limits or without building a sustainable system around their accumulation process.

[ChocolateBitcoinK]

You said " it is easy to achieve success by Investing in Bitcoin according to the DCA method" and I will like to answer this way,  you can only achieve success in Bitcoin using the DCA method if only you have everything all figured out and you are following the method properly but on the other hand if you don't have everything all figured out you will definitely have setbacks and issues in your process of accumulating Bitcoin which means you can not achieve success even if you are using DCA method.

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

Another thing is that having this mentality that you cannot succeed if you do not understand everything is the biggest misconception for beginners. In reality, there are many people here who started without much knowledge. But they are still learning and saving. So saying these misleading things is like scaring beginners, which is not realistic.

In my opinion, whether or not it is successful depends on us who really do it seriously or not, some people only do it by seeing the benefits so that it doesn't last long in contrast to doing it consistently like in a long time not in the near future. For beginners there is no need to know everything about bitcoin because it takes a long time even if it is done, it is good, it just allows investment to be delayed, the option of choice is to do it with funds according to our own abilities and while doing so we also learn too.

It is important that we start with the basic idea, if we start without complete knowledge, then we will have the possibility of failure, because where we do not have a good understanding, there can be a panic attitude that can easily lead us to losses. Therefore, it is necessary to start by gaining our basic knowledge, then we can continue to research better while keeping the investment driven, and learn Bitcoin better. This helps us to avoid the mistakes that are likely to be made in the initial stage, and it gives us the opportunity to hold our investment with more confidence.

[icebar]

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

A new investor does not have to understand everything about Bitcoin to start investing. One can start investing without understanding. But I will say that a new investor needs to be given a little idea about Bitcoin. This idea means why an investor should invest in Bitcoin instead of investing elsewhere. What are the benefits of investing in Bitcoin? If no one knows about this kind of thing, no one will start investing.

If no one has a general idea about Bitcoin, no one will be interested in investing. But to continue investing or to learn more about Bitcoin, an investor can learn about Bitcoin along with investing. If you spend time gaining knowledge about investing in Bitcoin, you may miss out on many opportunities to invest in Bitcoin, which is why gaining knowledge along with investing will be more effective for the investor.

[Baki202]

I think you don't read my post comprehensively because I didn't strictly said anywhere that an investor needs to understand everything before they start their Bitcoin investment but rather what I said is that if an investor have everything all figured out or sort out and when I say everything figured out I mean the necessaries that someone need to stay consistent in their accumulation journey so don't misinterpret what I said because I know exactly what I said. Why will I encourage someone to understand everything before starting Bitcoin investment when I didn't understand everything when I started?

It is not necessary to know everything about starting a Bitcoin investment, it would be best if you only know about the strategy of investing in Bitcoin. Because in addition to investing in Bitcoin, you will definitely gain more experience about Bitcoin, if each person has been following the DCA method for a long time, he will definitely gain experience.
He will gain extensive experience due to consistently purchasing Bitcoin, so it is important to maintain Bitcoin investment and be more careful for the future. If you follow these strategies correctly, then that person will definitely be successful in his Bitcoin journey.

Knowledge is power, and that is why if you are interested in investing in Bitcoin, you need to know what investing in Bitcoin is about, and with the way the topic is, DCA did not just inspire newbies alone but also people that have been investing for a long time. So it is for everyone, and the way it is, I have seen DCA give people hope, and since the Bitcoin investment is a long-time investment, then using DCA is one of the best options at this time, and I think newbies need to key into the DCA method and the way people are adopting bitcoin that is why people are loving and planning. on how they can invest in Bitcoin because people's interest has grown at this point.

[Joeboy]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

You frequently made  use of the Crypto terminology, and in this very thread we discuss Bitcoin not crypto(shitcoins)... Next time try making use of the Bitcoin terminology instead of Crypto for better clarity... And it would really be a very bad idea for you or anyone to invest in crypto (shitcoins)... The value of this kinds of shitcoins are driven by hype in the market, and once this hype dies, the value becomes almost nothing... And so just invest in Bitcoin using the DCA strategy for longer-term durations of say 10years or so...

[JayJuanGee]

[edited out]

So the real lesson here isn’t about being aggressive or whimpy, It’s about finding a level that you can stick to without stress because the best plan is the one you can actually keep doing for years, and not the one that feels exciting for a few months and then becomes hard to maintain later on.

You can use different words to describe, yet the range of whimpy to aggressive are not meant to be judgmental since they are descriptions of personal decisions in regards to priorities, and they are not meant to be praising or denigrating, since each person chooses his exact level that he wants to put into bitcoin as compared to with other places such as back up funds and/or discretionary consumption within a range of possibilities that would be acceptable within his discretionary income. 

A bitcoin investor can consistently invest on one end of the range or the other or he could vary his level of aggressiveness versus whimpiness based on whatever reasons that he likes.
 
So I frequently will suggest that guys try to figure out ways to invest into bitcoin as aggressively as they can without overdoing it, yet it does not matter what I say, since guys have to find their own comfort level including that if they overly invest into bitcoin and make a mistake by misunderstanding me and they think that aggressive is the same as overaggressive, then they are going to be the one who has to pay for their mistake of overdoing it.

So, surely, I agree that there is importance with survival, even  for guys who want to invest aggressively into bitcoin, it likely continues to be a good thing if they are making sure to also put some money into back up funds and also to use some of their discretionary funds for discretionary consumption, too.

To achieve success in bitcoin investment, either through DCA or other methods used, the most important thing you just need to figure out is your discretionary income. I don’t know of the everything you are talking about. You don’t need everything to invest through DCA, you only need your discretionary income in place. have your discretionary income figured out and you can confidently invest in bitcoin without having any issues. The only challenge or setback you will face is if you can’t figure out your discretionary income.

I don’t understand what you mean by figure out your discretionary income, please you people should learn to use English very well, are you trying to say that if anyone wants to succeed in bitcoin investment, he should have a discretionary income, if you mean this then is fine but if you are actually talking about figuring out one’s discretionary income I want to ask you what is so difficult to figure out your discretionary income. If you really understand the meaning of discretionary income, you know that it is the leftover money after carrying out all your basic needs so what’s so difficult to figure out there.

Bro try to understand that English is not most people father's language, so if anyone's English is not that clear, don't blame him or her that much because not everyone knows how to speak English very well like you.

Then talking about what he said, I don't think that he is wrong here because if you can figure out your discretionary income as a Bitcoin investor, the chances of your Bitcoin investment being a success is very high, because not everyone can figure out their discretionary income even though it seems very easy to you.
 Do you know that an investor might be unable to figure out his discretionary income because his basic needs is way higher than his income? Or due to mismanagement of funds he might be unable to figure it out, so it's wrong to think that everyone is as perfect as you bro.

Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.

So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.

[edited out]

..... and after all necessary expenses including rent and emergency funds you have just $50, you can buy with $25 - $30 (if you wish).

Rent and emergency funds are not in the same category.  Emergency funds are not part of basic expenses.

You build up your emergency funds from discretionary funds, so basic expenses are all expenses that are currently due that month and cannot be deferred. Emergency funds are extra funds that you have in case you don't have enough income to pay for your basic expenses in any given month.. and emergency funds are also to help to protect your bitcoin holdings so that you don't have to tap into your bitcoin at a time that is not of your own choosing.

[Livingleged]

I don’t visit this thread often but anytime I do, I find interesting topic and discussion i like, I think I’ll also be captivated here from now. About the question from the topic: “does the DCA strategy inspires newbie?” I think it’s a Yes, these are my reasons.

when some is being referred to as a newbie in a particular field it means he has just little or no knowledge about it at that moment, he’s just getting started. And for someone that is just getting started will be more inspired to know that he doesn’t need that huge money to start his accumulation, it will interest  him to know that it will also yield good results by just buying little by little consistently depending on how his income is coming. And that is exactly that DCA strategy is. Of course everyone newbie will be happy to hear this instead telling them they need huge amount probably about $77k to buy bitcoin at the moment. That idea of lump summing is what discourages most newbies. And they end up losing interest because most newbie are also not really financially buoyant enough.

[Abelly]

I agree with you that only following the DCA method is not a surefire way to succeed. But you have strictly said that you need to understand everything first. A new investor does not need to know everything or have everything perfectly figured out in the beginning. If someone has discretionary income apart from their necessary expenses, then they can start with a small amount of money and have the desire to learn. Learning does not stop after starting, after starting, there will be enough time to learn.

Another thing is that having this mentality that you cannot succeed if you do not understand everything is the biggest misconception for beginners. In reality, there are many people here who started without much knowledge. But they are still learning and saving. So saying these misleading things is like scaring beginners, which is not realistic.

In my opinion, whether or not it is successful depends on us who really do it seriously or not, some people only do it by seeing the benefits so that it doesn't last long in contrast to doing it consistently like in a long time not in the near future. For beginners there is no need to know everything about bitcoin because it takes a long time even if it is done, it is good, it just allows investment to be delayed, the option of choice is to do it with funds according to our own abilities and while doing so we also learn too.

And I agree with that, success will truly depends on how consistent they are for dealing their long term investment. Actually many fail and decide to quit especially those dudes choosing quick gains when they didn't get their expectation and eventually lose their money on unexpected situations. Those investors choose the best like going long term then apply the best strategy like DCA usually last long and have higher chance to succeed.

Also what people need to understand that there's no need for them to know lots of things about Bitcoin, then also they are fine using small amounts to start since every purchase they made is already a great progress for their long term journey. They can also learn lots of valuable lessons along the way and this can help them build good discipline and potentially bring them good result in future.

Many people think of Bitcoin as a get rich quick machine and that is where they make the biggest mistake. When the market doesn't go their way, Fear greed and frustration work together. Those who understand from the beginning that Bitcoin is a long term game are the ones who gradually survive. This is also the reason why the DCA strategy is so popular. There is no need to catch perfect timing here. It is not necessary to know everything to start. Many people never start without doing additional research. The journey can be started with a small amount, and with time, everything about market psychology and risk management is learned. Every small buy may seem insignificant today, but years later that disciplined accumulation can make the biggest difference. Bitcoin rewards patience more than emotions.

[B-BossMan]

Edited out

Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.

So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.

I don't like seeing people dedicated thier whole mindset to trading/gambling rather than the real Bitcoin investing. The mindset or mentality of trying to make a quick money/profit from Bitcoin is one of the biggest mistakes many people make, most of these people cannot even identify what thoer discretionary income is properly, and they get panic easily whenever the market becomes volatile. To me. Investing in Bitcoin should only happen when someone has confidence that then money they are using is actually a discretionary income and not the money needed for emergency bills or daily survival, so once that is clear, the next step is  simply deciding how much you can be able to lose then how much ften to invest based on your personal finances strength. For example, if someone is earning higher income he may comfortably invest like 40% or 50%  weekly while another person may or can only afford 10% or 15% monthly both are not bad. But what matters most just consistency with your discretionary income and invest for long-term growth, is far better to be buying $30 worth of bitcoin  every week consistently than, purchase a $300 worth of bitcoin at once and later sell because you urgently need money emergency.

[Jody.Drummer]

Snip.

I agree with you. Investing without discretionary income means take huge risk. Because here, there will be more losses than profits. Because it will be difficult to hold Bitcoin for a long time without discretionary income. Because it is difficult for someone who does not have discretionary income to meet their living expenses, after that, if they invest in Bitcoin, then if they suddenly need some emergency money, they will have to sell Bitcoin. And if they cannot hold Bitcoin for a long time, it will become trading. Short term trading is very risky. It works almost like gambling. So there can be both losses or profits. But the possibility of losses is high.

Investors should never ignore the basic principles of financial management, investing in volatile assets like Bitcoin without disposable income or an emergency fund is like taking a high risk, even bordering on gambling. Psychological pressure often comes when their position is pressing to meet unexpected needs. When the pressure comes, Bitcoin becomes the only asset that can be liquidated, but if at that time the price is falling, then losses are inevitable.

A highly recommended action when investing is to use cold money or money that is specifically allocated for risk and does not interfere with daily living expenses. Panic often arises when someone invests but their finances are not yet fully stable. If a beginner wants to start investing, the main priority should be securing income, building an emergency fund, after which they can make a decision to invest.

I agree with you, in terms of investing the basic principles of financial management are certainly important and must be well thought out because in my opinion this is one of the steps that has an important role because it can determine our future including the investments we make. And with the price going down to make losses inevitable it is a natural thing because that is the risk. With what I bolded I fully agree that even though we are investing for a better future but we also have to be able to balance it with our circumstances so that's why it's better to do it according to our abilities.

[DubemIfedigbo001]

Rent and emergency funds are not in the same category.  Emergency funds are not part of basic expenses.

This is a valid point, rent is your basic expenses, even though it might be considered a future expensive for those that pay yearly, yet you need to factor it in your basic expenses before you even identify to having discretionary income, you can choose to spread the amount across the monthly durations that you likely receive income to put down funds consistently in anticipation that it will get due and have a special fund dedicated to it, so that when it is due to be paid, you don't start struggling to pay it. Rent in not a emergency and it is poor planning of the part of the investor to use their emergency funds to pay rent.

You build up your emergency funds from discretionary funds, so basic expenses are all expenses that are currently due that month and cannot be deferred. Emergency funds are extra funds that you have in case you don't have enough income to pay for your basic expenses in any given month.. and emergency funds are also to help to protect your bitcoin holdings so that you don't have to tap into your bitcoin at a time that is not of your own choosing.

Sure, in some investment periods(maybe monthly), the expenses budget many shoot up unexpectedly, and that is where your backup funds must be deployed to settle the expenses. That is the main purpose of backup funds by the way, to save you from having to tamper with you portfolio in time of unplanned financial obligations.

[Abbatty]

Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.

So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.

In a case where guys are using non- discretionary income, they are likely to be investing for short period of time and also likely to be traders rather than investors then we can say they going about bitcoin the wrong way, because we all know Bitcoin sole purpose as an investor is to accumulate as much as you can using the discretionary income to help build a good future. Most times the reason why bitcoin traders fails is because they are being ignorance about the volatility nature of bitcoin.