Force with myself Bitcoin Investment or flexible Investment.

[Frankolala]

Firstly my opinion is that everyone should do their own research first on Bitcoin and from there you can be able to make your next decision. I think there has been so many post like this selling Bitcoin as the Liberator of the people from poverty. Bitcoin doesn't not owe you wealth this is something that should be told to those that aren't yet into Bitcoin.

bitcoin can free you from poverty but it won’t be an easy task nor a given one it will take a lot of time and effort for someone to get out of poverty just from investing in bitcoin and to think that it will be as easy as a snap of a finger is wrong and misleading but nothing wrong in informing others about the possible benefits of bitcoin

In a nutshell don't only paint Bitcoin as a chest filled with Gold, let people know especially the inexperienced ones some of the dangers they can face and how they can navigate a safe Bitcoin journey.

bitcoin has risks that only you can mitigate so it all depends on the individual and that’s how it should always be treated

I am currently facing the same situation, it is easier said than done when it comes to investing in Bitcoin, you need a good entry and also a long term holding, many people people that they can buy Bitcoin in January of a year and get rich by December of that same year, this isn't so true.

When it comes to investment you need other things going on in your life, keep making money through your job, the hardest thing as a bitcoin investor is holding through the ups and downs before your target is hit, it is not going to be that easy.

Bitcoin is nothing but a holding strategy, that's all you need to do.

If you have a source of income, and if after your expenses, you still have some leftover, you can use that money to buy bitcoin. You don't need to buy big amount but as little as your discretionary income can afford. If you continue buying every time you get paid for long, you will be able to accumulate a good amount in one circle. DCA is very effective and efficient for accumulating bitcoin. Set up an emergency funds, so that when an unforeseen emergency arises, you use from your emergency funds to take care of it. Cut down your expenses and look for a way to increase your income, know how to manage funds. Don't sell when it's not bull season.

[Swordsoffreedom]

I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction.

In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top.

In my opinion, making investment decisions at this stage is extremely difficult. The bull season is not over yet and we still don't know what the highest peak bitcoin can reach before the bear market hits. So waiting is also a risk because if bitcoin can reach $250k-300k in this cycle then expecting the price to drop below $100k in the bear season is very unlikely. If we don't buy now, we will have to buy at a higher price in the bear season. Conversely, if $100k is the peak of the cycle, then buying now is too risky an idea. It can be said that it is very difficult to make a decision for new investors.

I think if we have enough faith in bitcoin and can hold it for the long term then investing now and using DCA strategy is the most reasonable.

[knowngunman]

From this you have to earn money and save money for the future so some people save in the bank or insurance. I think if you are a low-income entrepreneur holding bitcoin then you should focus on your strategy and try to reduce your extra expenses by setting aside 4-10 years for yourself and at the same time apply pressure on yourself to follow the DCA strategy. As soon as you get salary at the end of the month set aside a fund to meet the daily needs of the family and set aside a % for savings and another % for a backup fund.

If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.

What is your opinion?

The problem here is not about forcing one's self to invest but the problem is that majority do not earn on a regular basis despite their interest in Bitcoin investment. Like they survive on what they timely earn and diverting it to investment will put their survival at risk or will shorten their investment life cycle eventually thereby leading to premature selling/withdrawal of investment. In situations like this, I would advise one to work on their means of living to improve it before venturing into investment considering the risk involved. Investment are meant to bring relief and not to burden the investor.

I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction.

In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top.

Doee it really matter for someone that intend to hold for a long time? Nobody can tell how long this current trend will last or when the correction will surely take place. Since the idea is using DCA to accumulate, I will advise to start irrespective of the present price since the goal is holding for a long time and not selling in a few days to come. Although, the profit might not be much when compared to entering the market at a lower price.

[Plaguedeath]

It's easier to be said than done.

Most people can't take such risk and being consistent.

In my experience, when I get my first salary, I choose to save it because I want to feel safe. After working for few months and have enough funds to feel safe (emergency funds), then I choose to invest in low risk investment like bonds, time deposit etc.

Since bonds and time deposit not make me satisfied with the return, then I choose to invest in stock, then Bitcoin.

Right now, you might be someone who get benefit of Bitcoin investment, you know it's the best investment than the other, but you're not on other people's shoes...

[Dr.Bitcoin_Strange]

Investing into Bitcoin should be done with right knowledge of investment and not forcefully investing into Bitcoin when the price is high and with your upkeep money, then later-on when you are in desperate need of the money, you sell off when Bitcoin price has already drop, which can actually make you to incurre more lose than profit.

Before you invest into Bitcoin, you should be sure that you are going to be holding it for a long term, so that even if Bitcoin price drop you are sure to hold unto your coin until you make profit.

[Olatundespo]

Creating a reserve fund for yourself is not some discovery. Even before the creation of Bitcoin, many adhered to putting aside ten percent of their earnings; this is how the "American dream" of becoming a millionaire was voiced. In our time, Bitcoin appeared, which created a lot of motivation for investing in it, adding to its profitability over time. Only lazy or stupid people will not take advantage of this opportunity, being young, to invest part of their earnings. We must always consider that everything we sow today, tomorrow will show us by the fruits. If we do not care very much and spend everything we earn, then very soon, the demand may disappear, and a need will appear. OP, you are young and do not hesitate to be better, think about the future, but do not forget about your health.

If you don't learn to dream, it will remain invisible forever and you will be drowned in regret. I am saying that those who have joined the rich list in modern times were not in such financial condition even 10-15 years ago. They have reached their goals through their own efforts and practice. I have said that to force yourself to save bitcoins and after it meets the overall needs of the family and concretely so that going forward with this strategy and you have a cycle of 4 years/or more and reduce excess expenses or withdraw from excess entertainment. I am trying to motivate you to save bitcoins without spending extra money so that you can immerse yourself in better financial benefits in the end. Lazy and foolish people rely on luck and refrain from encouraging themselves to earn more and choose a life of luxury which is the way to regret the end of their life. DCA strategy would be like planting a seed that will grow into a tree with care over time and in the midst of storms and other natural calamities trying to reap fruit through care after long period.

What do you mean by flexible investment? I think that it's best to invest some part of the money in Bitcoin and lock your funds. Then, invest some part of your money in Bitcoin, which you'll sell if you have an emergency case. It's very tough for an average person to invest their money in Bitcoin and not touch it during emergencies because sometimes there are moments when you really need it. So, if you invest some part in locked investment and some part in flexible investment, I think that in the long term, you'll be better this way.

Over the years, I built a good discipline to not rush or become a victim of FOMO but despite that, I have one wallet for long-term Bitcoin investment and I use a Bitcoin TimeLock feature, which means that for a specific amount of time, I won't be able to sell my coins, doesn't matter how much I wish but I also have another wallet which I can always use to sell my coins in emergency cases. I do this because I invest a significant portion of my income in Bitcoin, i.e. I risk more than I can afford but gladly I didn't have an emergency case and I haven't touched this wallet yet.

By flexible investing, I mean unimportant investing where investors have the idea of an average investment and can make whatever they want. He doesn't feel pressured when investing. You should feel pressured to accumulate Bitcoin from disposable income. The possibility of creating space for neglect in traditional investment strategies and from there getting serious about accumulate for future financial independence. It may not be easy for you to lock up funds if you are flexible when it comes to Bitcoin. So keep yourself rigid for future highs and depositing Bitcoin regularly and continuously for long period.

[Zaguru12]

I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction.

In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top.

I most definitely agree with you on this buying low decision that has been the most and successful practice. But my question or rather objection While waiting for a low is when is it actually the low, bitcoin sitting above $100k can be the lowest low we can get, that is what happens when bitcoin goes to above $200k and lowest it falls during bearish period which usually comes after the bull run is around $120k, that means while waiting you have simply lost the opportunity to buy as low as $100k. The right method for me to someone who doesn’t have any bitcoin holdings already is to start DCA today, someone with holdings already can afford to take the risk of waiting for the bearish Period which will likely come in 2026.

Investing in bitcoin is also a store of value that saves your money from the fiat inflation there for investing now also has its own advantage, but this is certainly for a long term hodler

[ginsan]

That's great but at the end of the day it's not going to be as easy as you think. Okay we in this case may be able to force ourselves to be able to stay in bitcoin but in the end in the life we are doing now in the end we must realize that investment will only remain a primary need which means you must be able to make good financial management first before actually being in bitcoin and investing in it.

The fact is that even though many people want to be in bitcoin but in some conditions they still cannot realize it because indeed investing and forcing to stay in bitcoin by buying DCA is clearly sometimes very difficult for most people whose economy is below average especially with the current global economic conditions that are chaotic.

I agree when talking about bitcoin and investing in it will have a potential impact to change our lives in the future, it's just that before thinking about whether we can do that, we have to think about how to manage our finances so that we can support ourselves and the small family we have while trying to set aside some or a few percent of monthly income for bitcoin.

Yes, although Bitcoin is a good investment for everyone including those with low incomes, because Bitcoin investment has no minimum limit as long as you have the ability and according to your ability and use the money you are able to buy Bitcoin and of course it will provide good benefits and benefits in the long term.

But not everything is as easy as you think, even though it sounds very easy and you should not forget your important needs and also provide reserve funds when you really need them, you can use it without involving the Bitcoin you have planned. And all of that can be realized if you are looking for additional work or additional income so that everything can be fulfilled which makes all your plans run well, use or take advantage of the skills you have to make money or ideas and other ways because without you realizing it all of that can show the best way for you and make Bitcoin your motivation to continue trying to find the best way so that everything can run well for your life journey and also your future.

Therefore, financial management is an important thing that must be realized from the start because after all we will not be able to be comfortable in investing when our financial management is not going well.
The point is before doing many things including investing, it is important for ourselves to understand ourselves so that in the end we can make good planning for a better future economy and in the end the implementation can go as expected.

I will never argue with anyone when they want to invest but the question is whether they can get optimal results from the investment made or not because not everyone who invests ends well when the implementation is wrong which ultimately leads to failure including in bitcoin. Everyone can be here and invest in it, but can everyone benefit when in bitcoin? of course the answer is no because in the end the final result will be influenced by the implementation at the beginning when planning and implementation when we start is good enough then surely everything will end well and vice versa.

[uneng]

What is your opinion?

My opinion is that we have to do something aiming to improve life quality, doesn't matter from where we come. Poverty can't be the roof. There must be something else to achieve in life, and every financial and management strategies focused on this goal are valid to be taken into consideration by individuals who aren't satisfied with their current financial conditions. Hard work and effort are a must in the initial years of an individual on the market's job.

It doesn't matter if your job pays a little wage. It's just temporary, so make sure to use this money in the most efficient way as possible if you want to get rid of this job as soon as possible. Spend as minimum as possible with expenses, and start investing your little money every week or month. Don't waste time with worthless people and worthless activities such as parties, drinks and companions who only drain resources from you.

Step by step passive income will increase, and you have already more stability to start working with. Also, make sure to invest in your personal development (skills). After some years, maximum a decade, you must see some noticeable improvement in your life.

[Zoomic]

As we grow up it seems that our main goal is the pressure of making money that is taking away a lot of our external and internal mental thoughts. You are living your life in mental anguish all the time. In the morning you have to go to the office in the evening you come home and live with your family and in the morning you are back to the office. In fact almost everyone's work pattern is the same and you may have a hard time finding time to give yourself some leisure time.

When you start thinking positively about saving Bitcoin as a new saver the first thing you need to think about is a safe source of disposable income and for most low-income people saving Bitcoin in the long term can be a lot of imagination. If you are confident in investing it is possible to save any amount from low income to long-term strategies.

From this you have to earn money and save money for the future so some people save in the bank or insurance. I think if you are a low-income entrepreneur holding bitcoin then you should focus on your strategy and try to reduce your extra expenses by setting aside 4-10 years for yourself and at the same time apply pressure on yourself to follow the DCA strategy. As soon as you get salary at the end of the month set aside a fund to meet the daily needs of the family and set aside a % for savings and another % for a backup fund.

If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.

What is your opinion?

With the current price of bitcoin, anyone who intends to invest in bitcoin now either through DCA, lump sum or a combination of both methods, must be really patient to wait for a very long time to actually start seeing real profits. For low income earners seeking to improve their financial status, they should just prepare their minds that they will not get an improvement immediately. Infact, DCA will be straining on their finances for the main time until they start seeing results in the future and this can make them financially vulnerable. This is where commitment and discipline comes in. Low income earners and others seeking for financial freedom through Bitcoin must understand risks management and also have a well thought out financial plan to aid them during this period of investing.

[Justbillywitt]

If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.

What is your opinion?

I will strongly agree if the current price is not at ATH but considering that Bitcoin price correction is brutal if ever history repeats itself then I will consider to wait for correction first before starting this kind of strategy that will give me a better position for my investment. There’s nothing to lose if we will wait since we can always enter on any price or if ever price pump more you didn’t lose money compared if you purchased now and suffer correction.

In general, your idea is viable if the entry price is right. DCA is always a very good option but I’m just not confident to do that while the chart shows a big green candle while the current price is still at the top.

Well instead of waiting and missing out outrightly, if bitcoin pump, because we cannot rule out the possibility that bitcoin can pump from here, and get to a point where the intending investor will regret on not buying. I will suggest he can start DCAing with little money and not be too aggressive with it at the moment, since bitcoin is still at the  new ATH price level. If eventually the price correction hit so deeply he can increase the DCAing amount. It is safer this way, since his plan is for a long term hold of 4 to 10 years. If he buy now with the little he can now, even if bitcoin price correct, there is a higher possibility of bitcoin surpassing the price he bought before the end of his holding period. If it also happens that Bitcoin pumped from here, he will still benefit from it, because of the stash he has already been accumulating.

[Miles2006]

Forcing an investment choice on someone sounds strange, investing aggressively is totally different yet I understand the income aspect when it comes to bitcoin planning. Setting aside the amount used for investment either little or big gradually buying consistent will go a long way, 4-10 years is optional if some are ready to wait till then also for those who buy using any strategy of their choice might have accumulated enough so if they decide to take out profit during period like this is not bad while using the dca can still grow a good portfolio depending on the investor, Bitcoin investment is profitable if only a good management is applied for the long run.

[LogitechMouse]

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If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.

What is your opinion?

Force myself to save Bitcoin? I mean that's weird at least for me because since I started my investing journey, I didn't feel that I "FORCED" myself into investing in different assets and that includes Bitcoin.

Why do you need to force yourself? I'll give a scenario. Let's say you are earning just enough for your family. Will you sacrifice some of those expenses just to have some money to invest into Bitcoin? That for me is called "forcing yourself to invest into Bitcoin" because despite the fact that you aren't capable of investing, you're sacrificing some important needs just to invest.

Being poor is bad and it's a decision, but let's not deprive ourselves or other people out there so that we can invest into Bitcoin, and instead, go find another side hustle where you can use that money to invest into Bitcoin. That would not be considered as "forced".

[doomloop]

Bitcoin is not a magic wand of sorts.
It's there for everybody who is willing to put his effort and mind towards the ideas it represents.
And it's a long road ahead of everybody who takes a clear path into the BTC community.

The first thing you said is true. It is special but it can also be simple in a way that we will only treat it as a normal currency, so it is possible to allocate only less effort and knowledge in it. If we take a clear path, then we can actually arrive on our destination quickly. Bitcoin is not new anymore still there is more to come from it. So those who think that they are already late in the party, shouldn't think of that.

But it's essential to crave that knowledge in order to understand how you can use BTC in such a way.

If the use that we want is into complex one, then yeah, we may need more knowledge for it. If we are experienced already, it is still a good idea to seek for more, so that we can't became stagnant, or we can achieve more than what we already have.

[betswift]

Forcing an investment choice on someone sounds strange, investing aggressively is totally different yet I understand the income aspect when it comes to bitcoin planning. Setting aside the amount used for investment either little or big gradually buying consistent will go a long way, 4-10 years is optional if some are ready to wait till then also for those who buy using any strategy of their choice might have accumulated enough so if they decide to take out profit during period like this is not bad while using the dca can still grow a good portfolio depending on the investor, Bitcoin investment is profitable if only a good management is applied for the long run.

Small or big - you still get something out of your investment, especially going into BTC.
It's great to know and feel the stability in your investment for the years to come.

[TheUltraElite]

Every month prices might reach a low that buying is possible. The buying point need to be a solid low price one. That and allocate part of the salary every month to be used to buy those coins.

That is as far as any average joe out there can easily start with investing in bitcoin. While there will be times where bull runs happen and you cannot buy, just wait it out for the price to drop, do not compromise on price. There will be times when you will be out of fiat to buy because of prolonged bear runs.

So along with this you must invest in traditional assets too, they and your salary the cushions during the times of crypto red market.

[icalical]

You may use strategy like DCA to invest small and consistent amount of Bitcoin if you are financially stable and you understand the risk. Bitcoin as an investment is very promising, especially  after Bitcoin ETF succeeded which could attract new investor outside of crypto community. However, I think it's important to keep it balance with your money, you still can enjoy your live, also you still have cash available, and then investment. Diversification and caution are key Bitcoin should only be a small part of a bigger financial plan.

[GigaBit]

If you can force yourself to save Bitcoin, it will put you in a much stronger financial position in the future and in retirement. Starting from a low income or from poverty saving can become a decision for you to enjoy a comfortable time in retirement while you are still working (holding) and ending your life (death) in a wealthy situation.

What is your opinion?

Every person wants to keep himself safe in his financial life but not everyone is able to do that. And there are many reasons for not being able to do so. Especially if a person is not able to invest in the right place, then he will not get good returns as expected.

Most people try to save some part of their monthly income for their own safety and by keeping that money in the bank but the banks are able to give him a small amount of profit for a long time, With in long period of time, the value of that money changes drastically, which cannot value the money saved in the long run. However, if someone can invest in Bitcoin regularly by doing DCA for 4-10 years, especially if they can hold such money in Bitcoin regularly according to their ability, then they will definitely be able to achieve financial independence before the specified time.

If we review the returns of Bitcoin in the last few years and the returns of other financial institutions, we can easily understand how profitable it is to invest in Bitcoin.

[hero_the_bossman]

Every month prices might reach a low that buying is possible. The buying point need to be a solid low price one. That and allocate part of the salary every month to be used to buy those coins.

That is as far as any average joe out there can easily start with investing in bitcoin. While there will be times where bull runs happen and you cannot buy, just wait it out for the price to drop, do not compromise on price. There will be times when you will be out of fiat to buy because of prolonged bear runs.

So along with this you must invest in traditional assets too, they and your salary the cushions during the times of crypto red market.

If a person is able to invest each month and keep going for 3-4 years - the results will be glorious.
It's easier said than done, however, it's totally true.
Those who bought even half a year ago can see the big results on BTC alone.

[FortuneFollower]

You may use strategy like DCA to invest small and consistent amount of Bitcoin if you are financially stable and you understand the risk. Bitcoin as an investment is very promising, especially  after Bitcoin ETF succeeded which could attract new investor outside of crypto community. However, I think it's important to keep it balance with your money, you still can enjoy your live, also you still have cash available, and then investment. Diversification and caution are key Bitcoin should only be a small part of a bigger financial plan.

As it is said through numerous threads there: keep accumulating, hodl, forget about the rest. The market will do it for you - just have your knowledge and pa patience with it.