Balancing Financial security and Bitcoin Accumulation

[Olatundespo]

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 .

There are many excuses for an investor not to invest in Bitcoin long term one of which is lack of cash flow and not having an emergency fund. Most investors outside of those of us who are seriously discussing emergency funds on this forum do not know about this emergency fund or do not practice it. The good thing you mentioned about investing in Bitcoin long term is that if you have a smooth flow of discretionary income no matter how small it is not difficult to invest in Bitcoin long term. A mental preparation for investing in Bitcoin is important. This preparation makes it easier for you to meet your own necessary expenses and set a smooth budget for Bitcoin.

[Qhunman]

Is there any adult that haven't been thought a lesson by procrastination? No of course. Some people are living in regrets because of procrastination. Talking about Bitcoin, imagine any one who has hold since the inception of Bitcoin till date. Many people regretted not investmenting in Bitcoin from the beginning, there could be a lot of reasons but some didn't invest because of procrastination and many still wants to live in their regrets by still procrastinating.

Procrastinators never stop procrastinating,they give excuses for almost everything and their reasons always sounds true. They actually don't know about the negatives aspect of procrastination. They procrastinate not investing in bitcoin at the beginning yet they still doesn't want to invest in bitcoin now. However it is never too late for them to change their mind especially since bitcoin haven't reach it peak yet. Bitcoin is still in it early stage so as long as they are able to figure out their discretionary income drom thier main income, they can get started. Since they haven't developed trust in bitcoin yet,they can invest with smaller amounts of discretionary income, and subsequently increased the them over the years as their trust in bitcoin grow.

[Cgrexp]

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 .

There are many excuses for an investor not to invest in Bitcoin long term one of which is lack of cash flow and not having an emergency fund. Most investors outside of those of us who are seriously discussing emergency funds on this forum do not know about this emergency fund or do not practice it. The good thing you mentioned about investing in Bitcoin long term is that if you have a smooth flow of discretionary income no matter how small it is not difficult to invest in Bitcoin long term. A mental preparation for investing in Bitcoin is important. This preparation makes it easier for you to meet your own necessary expenses and set a smooth budget for Bitcoin.

The term emergency fund is often confusing, as each person categorizes how the funds we have are being held and for what purpose they will be used. How much of the funds we have, where they will be kept, and how liquid they will be are all personal decisions. However, the problem begins when someone does not impose the necessary urgency on themselves and then realizes in an emergency that the funds are not sufficient. In some cases, people are forced to use funds that were originally intended for other purposes because they have no other choice. If those funds are not liquid enough or cannot hold value, the additional expenses or loss of income are ultimately due to their own lack of preparation. When a real crisis comes and the lack of sufficient liquid funds means that a Bitcoin investment has to be broken or worse, there is no effective option to avoid that situation. These situations are often created by a lack of realistic preparation in advance.

[Silikiem]

Is there any adult that haven't been thought a lesson by procrastination? No of course. Some people are living in regrets because of procrastination. Talking about Bitcoin, imagine any one who has hold since the inception of Bitcoin till date. Many people regretted not investmenting in Bitcoin from the beginning, there could be a lot of reasons but some didn't invest because of procrastination and many still wants to live in their regrets by still procrastinating.

The problem is that most Bitcoin investors are not just learning from their mistakes they made by procrastinating in the past, and sometimes they keeps on repeating the same old mistakes without knowing that acting on it now or starting right away is the best way to beat that bad harbit of procrastination.

Another problem some Bitcoin investors also have is by waiting for the dip before buying, they think that it's a smart move by waiting for the dip, not knowing that by waiting, you are surely going to miss so many buying opportunities during that time of waiting, and sometimes the dip you may be waiting for may not come, that's is why all investors are adviced to buy and accumulate Bitcoin now regardless of it price, because in the future when Bitcoin has risen to a million dollars, this current price that seems expensive will be like a big steal then, so waiting for the dip before buying is actually not nice because it delays your ability to accumulate a huge stash of Bitcoin overtime.

Waiting for the dip before buying bitcoin when you know that you have less or no bitcoin stash to your name as a starter is not a reasonable idea at all because it makes no sense to wait for a dip you’re not sure when it will happen. If you’re actually the one controlling the price of bitcoin it will be understandable but in this case you’re not the one controlling how bitcoin price moves. I know for sure that people will be happy when they buy bitcoin at a very cheaper rate but then since we don’t know when that opportunity will come to us we shouldn’t just fold our hands waiting for it as it will be more preferable if we can be accumulating bitcoin gradually with the DCA method with just our discretionary income at any market price and hold, and when the dip finally shows itself along the line we can use it as an opportunity and take advantage of it to buy more especially when a reserve fund is available to us and if not we will still continue with our ongoing regular buy so that we don’t miss out on any market opportunity. Those who wait for this dip are not worthy of investors buy they are traders who are looking to make quick profit from bitcoin which is a wrong mindset towards bitcoin.

[I_Anime]

Is there any adult that haven't been thought a lesson by procrastination? No of course. Some people are living in regrets because of procrastination. Talking about Bitcoin, imagine any one who has hold since the inception of Bitcoin till date. Many people regretted not investmenting in Bitcoin from the beginning, there could be a lot of reasons but some didn't invest because of procrastination and many still wants to live in their regrets by still procrastinating.

Procrastinators never stop procrastinating,they give excuses for almost everything and their reasons always sounds true. They actually don't know about the negatives aspect of procrastination. They procrastinate not investing in bitcoin at the beginning yet they still doesn't want to invest in bitcoin now. However it is never too late for them to change their mind especially since bitcoin haven't reach it peak yet. Bitcoin is still in it early stage so as long as they are able to figure out their discretionary income drom thier main income, they can get started. Since they haven't developed trust in bitcoin yet,they can invest with smaller amounts of discretionary income, and subsequently increased the them over the years as their trust in bitcoin grow.

One thing about procrastination it will make you feel like you’re doing the right thing not knowing you actually doing the wrong thing. For instance some folks will belike , they want to acquire some certain amount of knowledge before going into bitcoin investment, which will sometimes lead to procrastination . The truth is that such won’t do you any good , there’s nothing wrong with learning about bitcoin but don’t let it be a hinderance to your bitcoin investment.

[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.

Is there any adult that haven't been thought a lesson by procrastination? No of course. Some people are living in regrets because of procrastination. Talking about Bitcoin, imagine any one who has hold since the inception of Bitcoin till date. Many people regretted not investmenting in Bitcoin from the beginning, there could be a lot of reasons but some didn't invest because of procrastination and many still wants to live in their regrets by still procrastinating.

There is one known antidote of procrastination which is prompt action and continuous seriousness without compromising the process.

Most people have learned from their mistakes of procrastinating on starting out their bitcoin investment due to unnecessary timing of the market, trying to build emergency funds out before getting started, waiting for dips or waiting to learn a whole lot about it in which bitcoin is better understood practically and while you're ongoingly buying and holding it. Procrastinations have been known to be associated with missing out on good buying opportunities and staying a low coiner or no coiner for long which is the investor's self inflicted investment drawbacks.

It is better therefor to quit procrastinating your starting out your investment journey as long as you've discretionary income present and aim for a long-term holding plan. The key is to keep buying and holding without relenting as long as you've discretionary income and strive to build out your backup funds like emergency fund and other variances of it alongside your investing into bitcoin.

Today is still an early time to start, hopefully in the near future the investor will be glad he quit procrastinating and became more actionable and serious towards your investment into bitcoin.

[Barikui1]

Waiting for the dip before buying bitcoin when you know that you have less or no bitcoin stash to your name as a starter is not a reasonable idea at all because it makes no sense to wait for a dip you’re not sure when it will happen.

Truly it's even more unwise waiting for the dip before buying when you are a no coiner or a low coiner, but I just want to make it clear to you here that it's not just those two set of people that waiting is not good for, those that are still in their accumulation stage, that has not gotten to their over accumulation status yet, it's still unwise for them to be waiting before buying because it's going to delay them in getting to their over accumulation status quick.
So what am trying to say is that, buying the dip is not a bad thing, but waiting for it when you have not gotten to your over accumulation status yet is actually bad, because by doing so, you are going to delay your ability to get to your over accumulation status quick, and it's even more unwise if the investor is a no or low coiner that has not accumulated any significant stash.

[ZeroVinsonN]

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.

What exactly is the everything needed to start the bitcoin journey? If you know about bitcoin you most definitely already know that it's a volatile asset, it's common knowledge to start an investment you are not experienced with small, you can't find that many people who jump into something new with a lot of money, bitcoin investment should be slow and steady but it should not be delayed under the pretence of still trying to gather knowledge, this is exactly how procrastination comes in and then the person never starts investing in bitcoin at all.

[abaeze]

Is there any adult that haven't been thought a lesson by procrastination? No of course. Some people are living in regrets because of procrastination. Talking about Bitcoin, imagine any one who has hold since the inception of Bitcoin till date. Many people regretted not investmenting in Bitcoin from the beginning, there could be a lot of reasons but some didn't invest because of procrastination and many still wants to live in their regrets by still procrastinating.

Procrastinators never stop procrastinating,they give excuses for almost everything and their reasons always sounds true. They actually don't know about the negatives aspect of procrastination. They procrastinate not investing in bitcoin at the beginning yet they still doesn't want to invest in bitcoin now. However it is never too late for them to change their mind especially since bitcoin haven't reach it peak yet. Bitcoin is still in it early stage so as long as they are able to figure out their discretionary income drom thier main income, they can get started. Since they haven't developed trust in bitcoin yet,they can invest with smaller amounts of discretionary income, and subsequently increased the them over the years as their trust in bitcoin grow.

One thing about procrastination it will make you feel like you’re doing the right thing not knowing you actually doing the wrong thing. For instance some folks will belike , they want to acquire some certain amount of knowledge before going into bitcoin investment, which will sometimes lead to procrastination . The truth is that such won’t do you any good , there’s nothing wrong with learning about bitcoin but don’t let it be a hinderance to your bitcoin investment.

Ultimately, those who have known about Bitcoin for a long time but think that they will gain more knowledge and then invest, I would say that all those people are actually wrong, because there is no end to gaining knowledge, so it is possible to gain better practical experience even during the investment process. There is a huge difference between a person who has gained knowledge but has not invested and a person who has invested, whether in terms of gaining knowledge or investing.

So, I think such things are the biggest obstacle to investing in Bitcoin. Investing with initial knowledge in any other investment has the possibility of loss, but investing in Bitcoin for a long time gives you a lot of time to learn, which is not given in any other asset. If someone starts investing once and continues to accumulate regularly and patiently through DCA and keeps learning, then both his knowledge and investment will continue to grow and eventually he will own two assets together, one is the invested asset, the other is his knowledge. So instead of making excuses for gaining additional knowledge, the most intelligent and effective strategy is to start investing and gain knowledge at the same time.

[liasbaa]

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.

What exactly is the everything needed to start the bitcoin journey? If you know about bitcoin you most definitely already know that it's a volatile asset, it's common knowledge to start an investment you are not experienced with small, you can't find that many people who jump into something new with a lot of money, bitcoin investment should be slow and steady but it should not be delayed under the pretence of still trying to gather knowledge, this is exactly how procrastination comes in and then the person never starts investing in bitcoin at all.

Bitcoin price is volatile. Almost everyone who is first involved in investing needs to know this. A small number of them may not be very aware of this issue but if necessary, some time can be spent. That time can be with an experienced investor or online. It will not take more than a day to learn about Bitcoin initially.

To start your Bitcoin journey you must initially have an idea about investing and the necessary knowledge to protect this digital asset. Stay on mental preparation also discretionary income or discretionary funds and long term Bitcoin accumulation. Being mentally stable in investing is an important thing and you should be regular without considering the direction of price fluctuations at each buying time because you should get a Bitcoin congruous portfolio compared to getting profit.

[ZeroVinsonN]

What exactly is the everything needed to start the bitcoin journey? If you know about bitcoin you most definitely already know that it's a volatile asset, it's common knowledge to start an investment you are not experienced with small, you can't find that many people who jump into something new with a lot of money, bitcoin investment should be slow and steady but it should not be delayed under the pretence of still trying to gather knowledge, this is exactly how procrastination comes in and then the person never starts investing in bitcoin at all.

Bitcoin price is volatile. Almost everyone who is first involved in investing needs to know this. A small number of them may not be very aware of this issue but if necessary, some time can be spent. That time can be with an experienced investor or online. It will not take more than a day to learn about Bitcoin initially.

To start your Bitcoin journey you must initially have an idea about investing and the necessary knowledge to protect this digital asset. Stay on mental preparation also discretionary income or discretionary funds and long term Bitcoin accumulation. Being mentally stable in investing is an important thing and you should be regular without considering the direction of price fluctuations at each buying time because you should get a Bitcoin congruous portfolio compared to getting profit.

This is the same reason why I keep asking how a person is supposed to know that they are mentally prepared, the only sure way to know that you are ready to do a particular thing is probably to actually do that thing, the more you tell yourself that you are not mentally prepared the more you procrastinate and the more time you end up wasting, this is why starting is important, when you start, you know where you are lacking and you improve on those attributes but this is only possible if you actually start.
This is just how bitcoin investment is as well, everyone who is earning money one way or the other already knows that they can spend this particular amount of money and it wouldn't affect them negatively, they also know when they can afford the unnecessary expenditure, if you know this then you already know what to invest in bitcoin with.

[Obulis]

Waiting for the dip before buying bitcoin when you know that you have less or no bitcoin stash to your name as a starter is not a reasonable idea at all because it makes no sense to wait for a dip you’re not sure when it will happen.

Truly it's even more unwise waiting for the dip before buying when you are a no coiner or a low coiner, but I just want to make it clear to you here that it's not just those two set of people that waiting is not good for, those that are still in their accumulation stage, that has not gotten to their over accumulation status yet, it's still unwise for them to be waiting before buying because it's going to delay them in getting to their over accumulation status quick.
So what am trying to say is that, buying the dip is not a bad thing, but waiting for it when you have not gotten to your over accumulation status yet is actually bad, because by doing so, you are going to delay your ability to get to your over accumulation status quick, and it's even more unwise if the investor is a no or low coiner that has not accumulated any significant stash.

That's the joy in DCA strategy that the dip is answerable to (that's using DCA strategy makes from no coiners to under over accumulation status coiners to meet the dip without waiting for it). By that, the delay in starting Bitcoin accumulation and reaching over accumulation status that comes with waiting for the dip is taken care of.
Indeed there is no need to lose focus when using DCA strategy in the name of waiting for the dip because while on DCA, the dip can likely show up. Using DCA an investor can enjoy all the advantages of the dip.

[Finebone]

This is just how bitcoin investment is as well, everyone who is earning money one way or the other already knows that they can spend this particular amount of money and it wouldn't affect them negatively, they also know when they can afford the unnecessary expenditure, if you know this then you already know what to invest in bitcoin with.

As an adult, you should be knowledgeable enough to know how to control your money, so their is no point complicating things here because once you can figure out your discretionary income, with is that money left after all basic needs have been met, then you are good to start.
You just don't have to think too much about it, because once you act on it an start, you will be motivated to seek further knowledge on how to do better and what you need to do to be able to hold strong without being forced to sell, but if you delay starting it when you have your discretionary income, just know that you may never start because procrastination as you say may set in, which I absolutely agree with you on, so starting once your discretionary income is figured, is the best way to beat procrastination.

[liasbaa]

What exactly is the everything needed to start the bitcoin journey? If you know about bitcoin you most definitely already know that it's a volatile asset, it's common knowledge to start an investment you are not experienced with small, you can't find that many people who jump into something new with a lot of money, bitcoin investment should be slow and steady but it should not be delayed under the pretence of still trying to gather knowledge, this is exactly how procrastination comes in and then the person never starts investing in bitcoin at all.

Bitcoin price is volatile. Almost everyone who is first involved in investing needs to know this. A small number of them may not be very aware of this issue but if necessary, some time can be spent. That time can be with an experienced investor or online. It will not take more than a day to learn about Bitcoin initially.

To start your Bitcoin journey you must initially have an idea about investing and the necessary knowledge to protect this digital asset. Stay on mental preparation also discretionary income or discretionary funds and long term Bitcoin accumulation. Being mentally stable in investing is an important thing and you should be regular without considering the direction of price fluctuations at each buying time because you should get a Bitcoin congruous portfolio compared to getting profit.

This is the same reason why I keep asking how a person is supposed to know that they are mentally prepared, the only sure way to know that you are ready to do a particular thing is probably to actually do that thing, the more you tell yourself that you are not mentally prepared the more you procrastinate and the more time you end up wasting, this is why starting is important, when you start, you know where you are lacking and you improve on those attributes but this is only possible if you actually start.
This is just how bitcoin investment is as well, everyone who is earning money one way or the other already knows that they can spend this particular amount of money and it wouldn't affect them negatively, they also know when they can afford the unnecessary expenditure, if you know this then you already know what to invest in bitcoin with.

For most new investors starting is very challenging and important because they have the funds to buy Bitcoin but due to some mental preparation or laziness they may miss out on a huge buying opportunity. Investing in Bitcoin is like a great investment opportunity that can increase in value within a day. It is important to start accumulation Bitcoin as well as have the financial and mental capacity to carry it or do it for the long term because without discipline it is not easy to achieve success.

[Umulala-alala]

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 .

The more you keep making researches about BTC before getting started you may not start because it's impossible to find out everything about bitcoin you could also be delaying your time, if an investor knows that he has a discretionary income he should get started along it he still making those find out too while he is buying bitcoin, if we don't yet have any discretionary income then we those researches can go on then when the discretionary income is available he can get started immediately.

[PhilosopherKing]

Investing in Bitcoin is like a great investment opportunity that can increase in value within a day.

This is how traders be thinking that is why they can't invest keep their investments until a cycle reaches. Bitcoin price does not just increases, it also decreases and that is because of volatility.

Daily price swings is a distraction from going on with long time plan. And iInvestor are not supposed to be concerned of daily price swinging instead they should focus on ongoingly accumulating bitcoin and adding more stash.

[Futurexxx]

This is how traders be thinking that is why they can't invest keep their investments until a cycle reaches.

As a Bitcoin investor, we first needs to kill this mindset or mentality of holding and selling at the end of it circle, that's myopic to me, because you can't build a generational wealth overtime by accumulating and finally selling off your Bitcoin holdings at the end of the circle, that's not the best way to go about your bitcoin investment.

The only best time your should contemplate taking some profit from your Bitcoin investment is when you have gotten to that over accumulation status, not by selling off your holdings every four year and become a no coiner overnight, that's myopic and irresponsibility to me.
If those that bought Bitcoin when it was just $100 sold their Bitcoin at the end of the circle, will they not feel regret when Bitcoin go above $100k?
They would, so just hold strong because a point is coming when Bitcoin will go above a million dollars or more.