Balancing Financial security and Bitcoin Accumulation

[Joeboy]

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  Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

I still don't get why folks are still asserting the need for any kind of research prior to getting started, is it that they have learnt nothing while being being in this forum .. The idea about learning about Bitcoin is that folks tends to learn more and better by getting involved i.e by kickstarting your investments journey using your discretionary income, you could better understand what there need to know about Bitcoin much more clearer.... And yeah at time, at the start, folks may be less motivated to use bigger amount to invest since they are yet to know much about Bitcoin, and so I like suggesting that folks try as learn about Bitcoin as they go so they can very much make adjustment by increasing their investments amounts up to a very reasonable amount..

[ASloveapg]

I think research is of different intensity and that clearly explains what a research means for someone new to Bitcoin. In another word, "a newbie who fails to gather basic knowledge of Bitcoin can make a wrong decision", the basics in this case is the research they actually needs to do not necessarily gathering the whole Google or wikipedia.

I don’t know why you people are giving all these unnecessary speeches about researching,when you’re supposed to be focused on if the investor has their discretionary income.Discretionary income is that one important requirement for accumulating bitcoin because it’s the money left after a person has handled their bills. And while investing you can also learn about Bitcoin

It is good to do research before starting to invest. Because even with a lot of knowledge, in some cases you may be weak and you are not aware of things about investing that are very important for long term Bitcoin. It is not the case that you can stay in Bitcoin accumulating only if you have discretionary income. To stay in investment you need strong morale and you need to move away from your unnecessary expenses and focus on increasing the amount of discretionary income. You should not be bothered to listen to the advice of other experienced investors because there are some important elements for long term investment that you may not be aware of. Many important things can be found from the advice of experienced investors.

You don't need those researches before you can start buying BTC if you already know that you are buying a volatile asset your research should only be on your discretionary income if you cheek that you have a left over income after you have settled other of your important needs you can get started immediately with your bitcoin accumulation while other things that you wish to know can be figure out along the way when you have started buying BTC already with your discretionary income using the dca strategy and hodl for long, bitcoin investment doesn't require you to know much before you can get started what you just needed is your discretionary income to kick off with out delay.

  Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

It is better to start investing as soon as possible even right now, no matter how small the amount of discretionary income is, we just have to start, if we start it will keep growing, but if we delay starting then we will also fall behind. Market volatility will always be there, that is why we should never wait for the market to be as expected when buying, waiting will only delay us, rather we should have the tendency to start now. We have to take practical steps first to implement what we think, and the same is true in investing, when thinking about investing, we should not delay rather start earlier then we can sort everything out over time even while maintaining the investment consistently.

[Barikui1]

It is better to start investing as soon as possible even right now, no matter how small the amount of discretionary income is, we just have to start, if we start it will keep growing, but if we delay starting then we will also fall behind. Market volatility will always be there, that is why we should never wait for the market to be as expected when buying, waiting will only delay us, rather we should have the tendency to start now. We have to take practical steps first to implement what we think, and the same is true in investing, when thinking about investing, we should not delay rather start earlier then we can sort everything out over time even while maintaining the investment consistently.

I agree with your sentiment bro, starting your Bitcoin accumulation as fast as possible is the best way to go, because by wasting more time, procrastination may set in, which is not actually good for your Bitcoin accumulation earlier on.
So it's because of that I believe that once you are able to figure out your discretionary income, you can start right away with the basic knowledge you have on it, then along the line you can seek further knowledge on what and what is required to hold strong, like putting down emergency or reserves funds in place to aid your holding abilities, but waiting and trying to know it all or to have a deeper knowledge on it before starting is wrong in my own opinion.

[The Founding Titan]

You don't need those researches before you can start buying BTC if you already know that you are buying a volatile asset your research should only be on your discretionary income if you cheek that you have a left over income after you have settled other of your important needs you can get started immediately with your bitcoin accumulation while other things that you wish to know can be figure out along the way when you have started buying BTC already with your discretionary income using the dca strategy and hodl for long, bitcoin investment doesn't require you to know much before you can get started what you just needed is your discretionary income to kick off with out delay.

I agree with most of your points. I disagree with the point you made that you don't need to do research before buying Bitcoin. Whether you are buying Bitcoin or accumulation for the long term, you need to know where you are investing at least open the window of basic knowledge. Initially you will know that Bitcoin is a risky asset and also a potential asset and it is very important to have a secure wallet to protect it.

Using discretionary income to accumulate Bitcoin and the DCA method is an important strategy to keep you consistent in your investments.

I don't see why you need to run a research first before knowing that bitcoin is a volatile asset, you know what bitcoin is you should already know that it's volatile, knowing the right wallet to use is very important but the simple truth is that most people who started investing in bitcoin did not start with open source non custodial wallets, some started with whatever wallet they had available to them at the time and only found out about the intricacies of these wallets after already starting their investment, this means that they switched to using the right kind of after they already started investing in bitcoin and not before, these people are successful investors today but they didn't start their investment after spending time to research and study bitcoin first.

[Solodoski]

I agree with your sentiment bro, starting your Bitcoin accumulation as fast as possible is the best way to go, because by wasting more time, procrastination may set in, which is not actually good for your Bitcoin accumulation earlier on.
So it's because of that I believe that once you are able to figure out your discretionary income, you can start right away with the basic knowledge you have on it, then along the line you can seek further knowledge on what and what is required to hold strong, like putting down emergency or reserves funds in place to aid your holding abilities, but waiting and trying to know it all or to have a deeper knowledge on it before starting is wrong in my own opinion.

That is when everything needed to start the bitcoin journey is ready. When you re in a haste things will go wrong, which will affect the investment later in the future. Instead of making mistakes now, it is better to take things gradually but don't delay. Slow and steady wins the race. An investor is supposed to be consistent regardless of how patient he is, what truly matters in long term investment is consistency not how fast you start your investment. Those that rushed into investment most of them are regretting now, I know you don't want to be one of them.

[Rockson1]

It is better to start investing as soon as possible even right now, no matter how small the amount of discretionary income is, we just have to start, if we start it will keep growing, but if we delay starting then we will also fall behind. Market volatility will always be there, that is why we should never wait for the market to be as expected when buying, waiting will only delay us, rather we should have the tendency to start now. We have to take practical steps first to implement what we think, and the same is true in investing, when thinking about investing, we should not delay rather start earlier then we can sort everything out over time even while maintaining the investment consistently.

Discreationary income is discreationary income whether big or small as long as it is been figured out, the misunderstanding of individual investors is the reason most of them are very backward in Bitcoin investment, delay should not be entertained in Bitcoin investment because the more one waste their time, the more they get it wrong and that might be the end of the road from them, so it should be all about making sure that nothing stops you, waiting is not a courageous step, waiting is an act of discouragement especially if an invest has what if takes to start small, there is no where it was said that we should invest with huge discreationary income, let's get it straight, discreationary income comes from our source of income that means the higher our sources of income, the higher our discreationary income could be but major thing to do is to hit the ground running with the available one and then work out more as you continue to invest.

[LOVER BOY 422]

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 Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

I still don't get why folks are still asserting the need for any kind of research prior to getting started, is it that they have learnt nothing while being being in this forum .. The idea about learning about Bitcoin is that folks tends to learn more and better by getting involved i.e by kickstarting your investments journey using your discretionary income, you could better understand what there need to know about Bitcoin much more clearer.... And yeah at time, at the start, folks may be less motivated to use bigger amount to invest since they are yet to know much about Bitcoin, and so I like suggesting that folks try as learn about Bitcoin as they go so they can very much make adjustment by increasing their investments amounts up to a very reasonable amount..

I understand you perfectly but to me if you said that people should learn about Bitcoin investment that's is correct , but I hope you are also putting your efforts in teaching them, to put them in the right track because we can't be saying people should go and learn about Bitcoin investment using their descretionary income to invest when this people don't even know what all this are all about , so my subjection is for those who knows to teach them , teach people who are willing to know and to learn about Bitcoin investment by so doing I believe we are spreading the  environment of Bitcoin investment at large and making the world to be a beautiful place to be .

[Sim_card]

I understand you perfectly but to me if you said that people should learn about Bitcoin investment that's is correct , but I hope you are also putting your efforts in teaching them, to put them in the right track because we can't be saying people should go and learn about Bitcoin investment using their descretionary income to invest when this people don't even know what all this are all about , so my subjection is for those who knows to teach them , teach people who are willing to know and to learn about Bitcoin investment by so doing I believe we are spreading the  environment of Bitcoin investment at large and making the world to be a beautiful place to be .

Of course anyone that's ready to learn about bitcoin will be taught the basic knowledge while he figure out his discretionary income and how much he will use to invest in bitcoin weekly/monthly that wouldn't affect him financially. Once you have the basic knowledge of bitcoin, you can learn the rest knowledge as you're investing because bitcoin investment is more of practical than theory.

You cannot force anyone to invest in bitcoin if not they wouldn't take it seriously, it must come from their heart to learn and invest. I have made four people close to me start investing in bitcoin and they're still buying and hodli without any complain because they only buy when their discretionary income is available.

[Nightwatchmare]

What is this "basic knowledge about bitcoin that we supposedly need before getting started?

I believe basic knowledge is only about two things, identifying that you've discretionary income present and knowing where you would get your coins from. This is enough to buy your first bitcoin, in subsequent purchases you might have the inclination to keep learning about other things, including having an accumulation target, a long-term holding plan, bitcoin volatility and other security and cashflow management practices e.t.c.

They key is always to get started, when you have started, continuity is more obtainable than when you keep waiting to gather vast knowledge of bitcoin before even purchasing your first bitcoin.

Identifying you have discretionary income is not a basic about Bitcoin because it has nothing to do with Bitcoin knowledge. Discretionary income is about your financial life, and it is your obligation to know if you have discretionary income or not. I think the basic knowledge some investors are stressing out a newbie is supposed to gain before investing in Bitcoin is just knowing that Bitcoin is a decentralized payment system, and it is volatile in nature. Whether newbies get Bitcoin basic knowledge or not, the most important thing is to start Bitcoin investment is having discretionary income, so newbies should get started with Bitcoin investment first, and they can learn anything they want to know about Bitcoin as they are accumulating Bitcoin.

Is being able to identify if you've discretionary income not a very basic prior to start investing in bitcoin?
If it is, why are you discrediting it as a basic knowledge an investor should to gain prior to buying your first bitcoin?

Identifying discretionary funds are very important to get started and if an investor cannot yet own up to being able to identify it, then such a person should not invest into bitcoin since such investment will not be sustainable.
Sometimes excessive allocation to wants in expenses spending buries discretionary funds and ASAP a person learns to prioritize mostly needs when attending to their expenses, they often immediately identify the presence of discretionary income which they can use to buy their first bitcoin and this should be categorized as a basic knowledge.

Being able to figure out if you will have discretionary income is very important and it is what will determine if you will be able to invest in Bitcoin or not. But it has nothing to do with Bitcoin knowledge, that is why i discredited it as a basic Bitcoin knowledge an investor should gain prior to buying Bitcoin or investing in Bitcoin as a bigginer. Investing in Bitcoin with discretionary income is one of the ways we can sustain our Bitcoin investments for a very long time, and anyone who cannot figure out whether he will have discretionary income should not attempt to invest in Bitcoin because that person will fail in Bitcoin investment.

[Hardyrobust]

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  Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

I still don't get why folks are still asserting the need for any kind of research prior to getting started, is it that they have learnt nothing while being being in this forum .. The idea about learning about Bitcoin is that folks tends to learn more and better by getting involved i.e by kickstarting your investments journey using your discretionary income, you could better understand what there need to know about Bitcoin much more clearer.... And yeah at time, at the start, folks may be less motivated to use bigger amount to invest since they are yet to know much about Bitcoin, and so I like suggesting that folks try as learn about Bitcoin as they go so they can very much make adjustment by increasing their investments amounts up to a very reasonable amount..

I think they feel that it is more safer to know everything before they start investing but this is very wrong of them. Yes getting involved in bitcoin will help to increase there knowledge of bitcoin faster rather than waiting for them to get to know everything about bitcoin before they start buying bitcoin. The most important thing is getting started and everything else can follow which includes learning more about bitcoin.

[PhilosopherKing]

That is when everything needed to start the bitcoin journey is ready. When you re in a haste things will go wrong, which will affect the investment later in the future.

It is pointless for people to wait for everything to be ready before starting because it can delay them from starting to ongoingly accumulating. Other than having discretionary income common sense to start, I don't see any other things that should be delaying you.

It is even better that people started with little knowledge and make the mistakes now, solve it so they can learn from the mistake, than for them to be waiting to figure everything out and eventually delay ongoingly investing.

[Showlove01]

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  Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

I still don't get why folks are still asserting the need for any kind of research prior to getting started, is it that they have learnt nothing while being being in this forum .. The idea about learning about Bitcoin is that folks tends to learn more and better by getting involved i.e by kickstarting your investments journey using your discretionary income, you could better understand what there need to know about Bitcoin much more clearer.... And yeah at time, at the start, folks may be less motivated to use bigger amount to invest since they are yet to know much about Bitcoin, and so I like suggesting that folks try as learn about Bitcoin as they go so they can very much make adjustment by increasing their investments amounts up to a very reasonable amount..

I think they feel that it is more safer to know everything before they start investing but this is very wrong of them. Yes getting involved in bitcoin will help to increase there knowledge of bitcoin faster rather than waiting for them to get to know everything about bitcoin before they start buying bitcoin. The most important thing is getting started and everything else can follow which includes learning more about bitcoin.

If it is other investment i will agree  that knowing   will or can make them to be safe but in Bitcoin investment knowing everything won't make someone feel safer or be safe if they are into trading because no matter the amount of knowledge someone has in Bitcoin, they can never outsmart the market in trading because it is very volatile and hard to predict but in Bitcoin investment your knowledge I mean someone's basic knowledge is more than enough to help them sail and no matter how someone try they can never know everything about Bitcoin that's why it is safe and best to purchase and hold and save ourselves some unnecessary pressure.

[Tonimez]

That is when everything needed to start the bitcoin journey is ready. When you re in a haste things will go wrong, which will affect the investment later in the future.

It is pointless for people to wait for everything to be ready before starting because it can delay them from starting to ongoingly accumulating. Other than having discretionary income common sense to start, I don't see any other things that should be delaying you.

It is even better that people started with little knowledge and make the mistakes now, solve it so they can learn from the mistake, than for them to be waiting to figure everything out and eventually delay ongoingly investing.

When a beginner gains the basics of bitcoin investment especially when he or she accepts not investing beyond their financial capacity. If he is disciplined to invest strictly by his Discretionary income and ready to HODL, I don't see him facing any mistakes that he would need to learn from. When an investor makes a mistake, he has probably invested outside his Discretionary income or has panic sold his bitcoin. The basic starter knowledge pack is: have a Discretionary income, HODL for at least 4 to 10 years. If you do all these without corrupting your investments by being overly aggressive, then you would have nothing to regret. An investor has to balance his finances at all time, avoiding FOMO and being long-term oriented.

[ASloveapg]

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  Having a discretionionary income is what is needed to start investing in bitcoin and not to be making research and delaying to start investing in bitcoin all in the name of research. Researching about bitcoin while still a no coiner and missing out markets opportunities doesn't make any sense. Anyone that is interested in investing in bitcoin can start buying bitcoin provided they have sort out there discretionionary income and still go on researching about it .

I still don't get why folks are still asserting the need for any kind of research prior to getting started, is it that they have learnt nothing while being being in this forum .. The idea about learning about Bitcoin is that folks tends to learn more and better by getting involved i.e by kickstarting your investments journey using your discretionary income, you could better understand what there need to know about Bitcoin much more clearer.... And yeah at time, at the start, folks may be less motivated to use bigger amount to invest since they are yet to know much about Bitcoin, and so I like suggesting that folks try as learn about Bitcoin as they go so they can very much make adjustment by increasing their investments amounts up to a very reasonable amount..

I think they feel that it is more safer to know everything before they start investing but this is very wrong of them. Yes getting involved in bitcoin will help to increase there knowledge of bitcoin faster rather than waiting for them to get to know everything about bitcoin before they start buying bitcoin. The most important thing is getting started and everything else can follow which includes learning more about bitcoin.

Many people think that before entering into any investment, they have to understand everything completely, otherwise it is risky to start. But this thought only holds them back more, in the case of investment, if we first start and then continue to gain knowledge with practical experience from it, then we can gain skills in a much richer way. It is often seen that when a person gets involved with Bitcoin, even with a small amount, his interest and learning speed increases a lot. And this is why it is better to start first, start with general knowledge, after which the path to go deeper and easier is prepared by itself.

[I_Anime]

That is when everything needed to start the bitcoin journey is ready. When you re in a haste things will go wrong, which will affect the investment later in the future.

It is pointless for people to wait for everything to be ready before starting because it can delay them from starting to ongoingly accumulating. Other than having discretionary income common sense to start, I don't see any other things that should be delaying you.

It is even better that people started with little knowledge and make the mistakes now, solve it so they can learn from the mistake, than for them to be waiting to figure everything out and eventually delay ongoingly investing.

One of The good thing about bitcoin investment, is not something one can easily make mistake . The only mistake one can make is not planning properly , especially when come to the allocation part (the amount you using , amount you saving as emergency funds and how aggressive and stuff ). That may lead to you selling too early (which is one mistake many make ) , all in the name of not being able to keep up with budget , try as much to invest according to your budget or cashflow .

[Sticky Bomb]

I agree with your sentiment bro, starting your Bitcoin accumulation as fast as possible is the best way to go, because by wasting more time, procrastination may set in, which is not actually good for your Bitcoin accumulation earlier on.
So it's because of that I believe that once you are able to figure out your discretionary income, you can start right away with the basic knowledge you have on it, then along the line you can seek further knowledge on what and what is required to hold strong, like putting down emergency or reserves funds in place to aid your holding abilities, but waiting and trying to know it all or to have a deeper knowledge on it before starting is wrong in my own opinion.

That is when everything needed to start the bitcoin journey is ready. When you re in a haste things will go wrong, which will affect the investment later in the future. Instead of making mistakes now, it is better to take things gradually but don't delay. Slow and steady wins the race. An investor is supposed to be consistent regardless of how patient he is, what truly matters in long term investment is consistency not how fast you start your investment. Those that rushed into investment most of them are regretting now, I know you don't want to be one of them.

To be frank you do not need much to start your accumulation journey, the only requirement is having a discretionary income and ASAP you can figure it out from your gross income, then you're ready to buy your first bitcoin, after then you should strategize on your follow-up buys to remain consistent and committed to your periodic buys.

What you should do if you're not yet confident in bitcoin to a large extent is to start with smaller amounts and as you purchase consistently, your confidence may increase naturally and then you can get as aggressive as you can without overdoing it.