Balancing Financial security and Bitcoin Accumulation

[Gost ms]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

[Cipherpz]

With the right financial plan, everyone can invest and become the owner of long-term wealth. Especially before investing in risky assets like Bitcoin, it is important to have mental preparation to face risks, time, analysis of financial conditions, and strategic knowledge of the market. Conscious planning and financial discipline should be taken very seriously before investing. However, although there is no guarantee of profit, patience and a long-term perspective will help to get real value.

[Merit.s]

With the right financial plan, everyone can invest and become the owner of long-term wealth. Especially before investing in risky assets like Bitcoin, it is important to have mental preparation to face risks, time, analysis of financial conditions, and strategic knowledge of the market. Conscious planning and financial discipline should be taken very seriously before investing. However, although there is no guarantee of profit, patience and a long-term perspective will help to get real value.

All you need is the basic knowledge of bitcoin and your discretionary income to get your bitcoin investment started. Since you are on a long-term investment plan, you don't need to learn about the market because you are only buying and buying without selling until you reach your bitcoin target. Every other thing that you feel is important to you can be learned along side as your are investing.

The most important thing is for you to know the right amount of your discretionary income that you will use to buy bitcoin weekly for 4-10 years and above without any pressure on you so that you can hodli for long.

Learning too many things before starting your bitcoin investment will make you lose out many opportunities in the market. It's better to move from the nocoiner level to a low coiner as fast as possible.

[JayJuanGee]

Of course, the more income you have then the easier it is to figure out some regular weekly DCA amount, yet there could be people who have irregular incomes and/or irregular expenses, yet they still might strive to do as best as they can to invest into bitcoin when they can and when they figure out that they have enough discretionary funds in order to buy some bitcoin.

Like you are mentioning Ruttoshi, folks can also improve their situations as they go.  There can be some folks who come to bitcoin with a lot of debt and messed up finances, yet if they can figure out some path to both resolve their debt and to buy bitcoin, they can get started investing into bitcoin, even though they might have to figure out a way to start out slowly as to not overdo it and as to how to both improve their current finances even while they are adding the investing into bitcoin into the mix of their finances, psychology and things that they need to deal with.

There are personal choice elements in regards to how regular and/or how aggressive a person can be in their bitcoin investment plan and implementation, and surely they could end up screwing up if they try to go too aggressively in the beginning, yet they might see that they have fairly bad finances and even not great psychology, but they figure that if they add bitcoin investing into their mix of what they are doing, they might be able to get out of their situation after 1 to 2 years and even that they are considering ways to increase their discretionary income by increasing their income and/or cutting their expenses, and they may come to bitcoin with a lot of great plans, yet whether they will be successful to continue to buy bitcoin, to set up some reasonable and consistent DCA and perhaps their ability to strengthen their cashflow management systems and practices will depend on a lot of further action and follow through from themselves, rather than merely wishing such positive outcomes.

Sir jayguangee , believe me this is a really good advice and I can relate to this very well although not entirely to Bitcoin investment but in the aspect of putting your pure discipline and determination into what you feel and know will benefit you in the future despite the fact that you are actually not a very good position at the time of starting that whole journey.

I agree that there are so many person with a pretty messed up financial status but even at that they can still squeeze out little by little and also place their focus resolving their financial background as you said, the whole idea is not to go aggressive as you can build little with your discretionary funds and sort the issues around and with consistency and discipline you will eventually get out of that situation and then continue building and before you know your portfolio will be looking good even to your surprise, well the saying that ROME wasn't built on a day is most entirely true and id you have the determine and persistent then you will get there someday.

If a guy is taking time to get his financials in order as he is slowly buying bitcoin, he can increase the levels of his buys and the level of his aggressiveness in regards to bitcoin the more his financials get in order and also it is good to have some bck up funds in case there are mistakes in the level of aggressiveness and you have extra expenses, your back up funds can save you.. and surely the more you build the more comfortable you likely will be to have a little bit larger levels of back up funds so that you are not feeling stress over finances and you can tolerate both mistakes and even a lot of volatility in the market.  Yet part of the goal should also be to set up your finances so that you are not putting yourself into emergencies due to poor cashflow management practices... And, with debt there can also be ways to order the debt so that you are paying off the  higher interest and the most oppressive forms of debt first.. yet perhaps investing in bitcoin at the same time that you are cleaning up your debt to at least resolve the worst ones.

[edited out]

"Curiosity they say kills the cat"

You are not wrong besides with all the crazy shitcoin influencers online and supposed trading experts that always advertise how they turn their account of 100$ to 5$k or even up to 20k, lol it is most likely that newbies who are curious on knowing or growing very fast will give a taught of actually trading their Bitcoin for quick profits or even swap or turn their focus on shitcoin all in the name of quick profits but they say no better way to learn except the experience you have gotten yourself so definitely they will learn and some will learn this the hard way.

There are some folks who will figure out not to trade and not to shitcoin without actually doing it, but yeah, a lot of folks also will get sucked into it, and surely some folks learn faster than others, and some folks keep making the same (or similar) mistakes without learning their lesson.

But, yeah, people tend to have a lot of pride, which is not necessarily a bad thing, so they will tend to want to think that they came to the resolution on their own rather than someone else telling them... so it can sometimes be difficult to figure out how to give some guidance while letting the other person come to their own conclusions.

[kanftka]

You should go for any investment only after gaining complete knowledge about this subject.

If you want to get all complete knowledge before you can start accumulating Bitcoin you might end up not getting started, the best way is to get started if you have your discretionary income ready, one of the best way to learn is to first get started for you will understand it more better as an insider than been an outsider as you can be accumulating Bitcoin and still learn along the process, Bitcoin investment is not very hard as most people think it believe you can start accumulating once your discretionary income is ready with the little basic knowledge you have about Bitcoin investment.

Yeah I totally get your point bro, and honestly you’re not wrong. If you wait until everything makes perfect sense, you might end up never taking that first step. Sometimes, just starting with what you have and learning along the way really does help things work better.

But at the same time, I feel like it’s still important to know at least the basics.. Bitcoin is simple in some ways, without some basic understanding, it’s easy to get lost or make avoidable mistakes.

That is why I actually value this forum , reading people’s thoughts, opinions, and experiences here really helps build your understanding, even before you make a move. You get to learn from others and avoid the same mistakes they have made.

So yeah, starting with discretionary income is cool, but I think it is best to combine that with a little bit of research first. And again, being in this kind of space makes it easier to pick up things fast, the more you engage, the more confident you get over time.

[Adams0001]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

To invest is easy but to achieve your goals is really hard, some people invest there emergency funds on bitcoin because they think that anytime issues occur, they can easily took the Investment money and solve the problem. Without financial management you will never comfortable on bitcoin investment or any business, because you will always confused and find it difficult to succeed in your investment. That is way you need to have something doing that will be bringing funds always, so that your investment will move smoothly without problem. The crypto is unpredictable but when you invest and set your target, you will always feel calm and wait for time to reach.

In Bitcoin investment, if you can follow the step and invest for long term you will always see bitcoin as easy investment, but some need fast money and that is why they usually see bitcoin as difficult investment and engaging in shitcoins most. If you can't be patient enough you will always find everything difficult to solve in the market. You are right, you will never guarantee that you will be profitable when you invest in bitcoin but you will always have the believe if you invest for long process because people that become rich through bitcoin is not a day job, anything you have the believe you will always get benefit when the times reach, that is why patient is number one thing you need to have if you are investing in bitcoin.

[PremiumcryptoHub]

Not everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.

As you mentioned people who earn daily wages but get a fixed amount of money at the end of the week, they even find discretionary income from it. So if a reasonable income system is created for them, then maybe investing is not wrong for them however since they are getting money after working daily, if they invest the entire amount, it would be an aggressive investment. Many people can learn much faster than others, that means they have a much higher chance of developing, so if after they start investing, their comprehension increases and they can increase the level of work and also increase the level of salary so we can say with certainty that no matter what profession a person is in, investing in Bitcoin is not a huge stressful for them.

[yixichloro2xx]

Waiting for perfect knowledge before starting usually leads to missed opportunities. Bitcoin rewards action paired with discipline, not perfection. Starting with what you understand and building knowledge along the way while managing your finances wisely is the real strategy........Discretionary income, no matter how small, is all you need to begin the journey. Learn as you go, accumulate steadily, and grow into the investor you aim to become.

This is the mistake most people make  they think before starting an investment they have to know everything and have their discretionary filled up with money but that is not true because after some time they will realize they have be wasting there time. Knowledge is something one will learn as they progresses in their  buying and holding and the funds is also something one will be hustling and gathering. Lastly, investor ought to understand their goal and work towards it because a person without a goal is already lost.

Any thing that has to do with bitcoin one needs to be extremely careful because it is an investment you are expecting a reward at the end, which is while you need a full knowledge and not a perfect knowledge because no one perfect by making inquiry and consultation from a higher or an experienced personel before making a bitcoin investment; remember if you are not informed automatically you are deformed, so you need to be careful because lies your fate: fate of success and failures. Investment without full knowledge and understanding can cause some disappointment when it fails, so you need to know every thing concerning your investment so that whether good or bad it will never be like a dream to you.

No mate you don't have to be a complete knowledge to start Bitcoin. If you are fundamentally knowledgeable then you will be suitable for investment. Some may wait to become a complete knowledge but it's not the fair decision. The process of investing in Bitcoin in the DCA method is much easier. As a beginner, you should focus on becoming knowledgeable about Bitcoin market analysis and investment strategies and regularly accumulation Bitcoin from discretionary income. In this strategy, as small fractions are regularly deposited in the portfolio, you will gradually be informed about the investment strategy and how Bitcoin works. In fact, by accumulation in Bitcoin continuously for 2-3 cycles you can achieve complete success as an investor.

You don't have to be perfect to invest in Bitcoin. A source of discretionary income and mental preparation for the long term. That is why you will have to collect ancillary elements gradually such as multiple sources of fixed and alternative income, backup funds and floating cash funds. Waiting for complete knowledge can take forever in Bitcoin investing because there is no limit of acquire knowledge you can.

Exactly, well said.... Chasing complete knowledge before taking action often leads to paralysis by analysis. Bitcoin isn’t something you fully understand before you start, it’s something you understand more as you go, especially when you are  consistently stacking through DCA.

Having a basic grasp of the fundamentals, a source of discretionary income, and the discipline to commit long term is enough to begin. Over time, you will naturally build the financial literacy, mental strength, and strategic flexibility needed for success. .......Waiting until you know it all is just another excuse. Start small, stay consistent, and let time and experience teach you the rest.....

[Barikui1]

There are some folks who will figure out not to trade and not to shitcoin without actually doing it, but yeah, a lot of folks also will get sucked into it, and surely some folks learn faster than others, and some folks keep making the same (or similar) mistakes without learning their lesson.

But, yeah, people tend to have a lot of pride, which is not necessarily a bad thing, so they will tend to want to think that they came to the resolution on their own rather than someone else telling them... so it can sometimes be difficult to figure out how to give some guidance while letting the other person come to their own conclusions.

You are right about all you said here sir,  one thing I have seen in our society nowadays is that not everyone has the same speed of learning, some people even tend to know the right thing very quick but their stubbornness makes them refuses to accept the reality on ground, and sometimes its pride that is the major cause of such attitude, because since they were a top critique then, they were hoping for all they said to play out, but since it didn't goes as expected, and they saw that it's totally different from what they thought, it mostly takes those types of people much time before joining the moving train because their pride has been bruised.
Just like most of this big organization and government that are investing into Bitcoin today, they got the first hand knowledge about it earlier but pride and stubbornness are the primary reason they are just coming in now.
So what you have said here are the pure truth, at the end of the day, on their own pace, they will start investing in Bitcoin without anyone convincing them to do so.

[Futurexxx]

Yeah I totally get your point bro, and honestly you’re not wrong. If you wait until everything makes perfect sense, you might end up never taking that first step. Sometimes, just starting with what you have and learning along the way really does help things work better.

But at the same time, I feel like it’s still important to know at least the basics.. Bitcoin is simple in some ways, without some basic understanding, it’s easy to get lost or make avoidable mistakes.

That is why I actually value this forum , reading people’s thoughts, opinions, and experiences here really helps build your understanding, even before you make a move. You get to learn from others and avoid the same mistakes they have made.

So yeah, starting with discretionary income is cool, but I think it is best to combine that with a little bit of research first. And again, being in this kind of space makes it easier to pick up things fast, the more you engage, the more confident you get over time.

No doubt knowledge is very much of a key in what ever you do in this life, so Bitcoin is not an exception, but take note that you don't have to have all the knowledge to start your Bitcoin accumulation journey, all you just need is the basic knowledge on how to accumulate it either through DCA accumulating strategy or through lump sum strategy, along the line you can learn more about it and all that are required or needs to be in place to be successful in it.
Why most Investors are having doubt about starting is because they are not given a proper orientation on Bitcoin and how easy it is to invest in it with your discretionary income, most of them don't know that they can invest in it little by little, , some still think that they must buys a whole Bitcoin at once, but with the basic knowledge about it, that wouldn't be a problem in start or taking the first step.

[kanftka]

You know, in the Bitcoin space currently what is common now is “stack BTC”, “buy the dip”, “stay poor if you don’t buy now” which is good. But in reality, many people are silently struggling trying to balance real life with trying to build wealth through Bitcoin. And I feel like this convo is long overdue.

Jst wanna talk a little on the topic, so here is my honest take.

First, What is Financial Security?
Let’s first forget about the technical definition, let's be real hear, financial security is just knowing that even if things go left tomorrow (you lose ur job, you fall sick, family emergency, etc), you are not immediately screwed.

It means you can eat, you can sleep well, you’re not scared of surprise expenses, and you don’t have to beg or panic sell your Bitcoin investment or (asset) just to stay okay.

If you don’t have that baseline sorted, any kind of investing will start to feel like a risk, and that is where the pressure builds from.

Now, Bitcoin Accumulation…
We all want more Bitcoin, no cap. Some of us believe it's our way out of the rat race and inflation, or the one asset that will give us real financial freedom. And I agree, TBH. I’m not even going to pretend. Bitcoin is solid and will still be in years from nw.. But the approach? That’s where many of us get it wrong.

Buying Bitcoin is not a race. And it’s not worth putting yourself in financial danger just to say, I am now a full coiner or whatever.

So How Do we Balance Both?

1. Start with Stability First. Not FOMO.
Before you even start talking about buying Bitcoin, ask yourself:

Can I cover my daily and monthly needs?…..   Do I have something saved for emergency?….. Do I have any debts that are choking me?

If those are not sorted yet, bro don’t let Twitter or Bitcoin TikTok rush you into throwing your last 50k into Bitcoin just because it will get to 200k and then 1mill.. That’s not smart, I won’t call it a smart move at all..

2. Plan your Money, I think this will help a lot.. u can basically split ur money into 3 main parts Like:

Needs (feeding, transport, bills, etc)

Safety (emergency fund, savings for rainy days)

Growth (Bitcoin and other investments)

You then know how to manage so you have money left after the first 2 buckets, so the third in would be meant. Simple.

So you won’t learn it the hard way selling BTC at a loss just to settle bills. Trust me, nothing hurts more than watching the price rise again after you’ve sold low out of panic.

3. Don’t Use Bitcoin to Escape Financial Reality
This one is tough to admit. Some of us are using Bitcoin as a way to escape our broke situation, thinking it will magically fix everything overnight.

But Bitcoin is not a lottery. It is not a shortcut. It is a long term thing. You don’t fix broken finances with volatile assets like Bitcoin. It’s fixed with planning, discipline, and gradually building stability first.

Once your life is steady, then Bitcoin becomes a tool, and not a lifeline.

4. Buy What You Can Afford to Forget
I always tell people: only buy Bitcoin with money that, if it dumps for a while today, your life won’t be destroyed. We have to be realistic and consistent. Bitcoin rewards patience and time, not pressure.

5. Emergency Fund First. Always. I know we’ve been hearing this a lot here on this forum, in fact it was when I joined this forum I started taking my emergency fund more serious.. Bcus it’s one of the most powerful steps. Maybe built at least 1–3 months of your basic expenses in cash or stable value.

It sounds slow, but it will protect ur future Bitcoin. Because when something happens, you won't need to sell your Bitcoin in a panic.

6. Mental Peace, involving fast Accumulation
I used to feel bad seeing others saying they already have 0.5BTC or 1 BTC or 2 BTC or more. I felt behind. But I later realized, some of them are deep in debt or under pressure, and they just don't show it.

Our journey should give us peace. If buying Bitcoin is making you anxious, it means you’re overdoing it….    Look, at the end of the day, it is all about balance. Life is long (hopefully), and Bitcoin is not going anywhere. You will be able to stack more when your life is stable, not when you’re always broke and hoping for a pump.

Let our financial security be our foundation, and let Bitcoin be what we build on top of it. That is how we stay in the game long enough to actually win.

Let’s not go broke trying to be early. Let’s be smart, steady and stay in control.

[I_Anime]

Many have the resources to invest in bitcoin but not the knowledge, like a friend of mine he was literally interested in digital currency but don't have much knowledge about it so someone told him that bitcoin price is too expensive,  that he should start with some shitcoin so few days back I found out my friend mentioned something concerning a coin that it's waiting for the bulletin to hit the coin , I was like you gave so e digital currency, and he was like yeah that is a eth meme coin I was like what... That he should sell it fast because he told me that he had already made X2 of his money invested but wanted more (this is where problem usually comes from ) , he was like he needed x5 , and I told him that you might end up not having anything at all if that coin dip , that better to invest in a well known coin like bitcoin, that's more ensuring that those shitcoins .

So some folks are just being mislead by others especially those that called themselves degen traders that focus on trading shit coins , now is now meant for me to clean up those wrong mindset and try to make learn the proper way when comes to investment, because am always happy seeing folk coming to bitcoin investment.

I bet you that even if that your friend sells that memecoin and buy bitcoin, he will still come back to invest in that memecoin again because he has already been enticed by seeing his investment grow x2 of which his bitcoin investment cannot give him x2 of his principal amount within a short term so his mind has already been corrupted so you should really settle down and tell him everything he needs to know about bitcoin investment so that he doesn't get bored when his investment don't grow suddenly as the way he would wish. Telling or advising people not to invest in shitcoins is good but are you able to give them orientation on what they need to know about bitcoin investment? because most people come to the market simply because they are interested in short term gain so if you advise such people to invest in bitcoin without telling them the basic things they should know about investing it bitcoin you will see that they will still make their way to invest on shitcoins.

This is why there's no different between memes trading and gambling, there are always beginners luck . To lure you completely in thinking you can keep making that same wins continuesly , tbh i don't want him to learn the hard way though experience is the best teacher, the truth is that one trading memes doesn't mean his a trader rather a gambler,  memes are usually fuel with hype and most folk that usually initiate the hype are being paid for it to lure in investors that will later get rug pulled.  This crypto space ain't no friendly one most folk are here to make money no matter the cost , they are ready to put others finances on the line. So the only advice I have for those that are into shitcoins is to find ways to reduce or stop the habits of trading shitcoins and start playing it safe by investing in something that's more trust worthy like BTC .

[Jostern]

If a guy is taking time to get his financials in order as he is slowly buying bitcoin, he can increase the levels of his buys and the level of his aggressiveness in regards to bitcoin the more his financials get in order and also it is good to have some bck up funds in case there are mistakes in the level of aggressiveness and you have extra expenses, your back up funds can save you.. and surely the more you build the more comfortable you likely will be to have a little bit larger levels of back up funds so that you are not feeling stress over finances and you can tolerate both mistakes and even a lot of volatility in the market.  Yet part of the goal should also be to set up your finances so that you are not putting yourself into emergencies due to poor cashflow management practices... And, with debt there can also be ways to order the debt so that you are paying off the  higher interest and the most oppressive forms of debt first.. yet perhaps investing in bitcoin at the same time that you are cleaning up your debt to at least resolve the worst ones..

You’re absolutely right, When we consider to get our financial management in the right way and also trying to get our level of finances in a way that it will help us accumulate and be more comfortable during our stage of accumulation is quite a good approach because it will definitely help us in a way to have to know how to manage our finances or income like trying to adjust to some certain circumstances and lifestyle to be able to have a quite reasonable amount of discretionary income to accumulate and buy more, I’m not saying that we can’t buy little by little, but at some certain stage of our accumulation we might decide within ourselves to accumulate more and apply some aggressive strategies, surly there is room for mistakes that is why we’re human to make mistakes but if we have some strategic plans like reserve funds to be sustain our bitcoin investment when there is a mistake or a loophole to fill them we can always fall back to this strategic plans to fill more comfortable and be in charge of our Bitcoin portfolio, So I will just suggest that making a good financial plans so I might not get into trouble that will require me to think about my bitcoin investments should be avoided, so that is why I did try apply that there should be no room for lapses for lifestyle appreciation during my accumulation stages, instead managing my finances should be my priority.

[icebar]

Not everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.

As you mentioned people who earn daily wages but get a fixed amount of money at the end of the week, they even find discretionary income from it. So if a reasonable income system is created for them, then maybe investing is not wrong for them however since they are getting money after working daily, if they invest the entire amount, it would be an aggressive investment. Many people can learn much faster than others, that means they have a much higher chance of developing, so if after they start investing, their comprehension increases and they can increase the level of work and also increase the level of salary so we can say with certainty that no matter what profession a person is in, investing in Bitcoin is not a huge stressful for them.

For the people whose income is limited or who earn money by working on a daily basis can try to save some part of that income in Bitcoin on a weekly or monthly basis. Although the income depends entirely on the country of which the person is a citizen. If we talk about a developed country, it is not difficult for a person to deposit additional money in his weekly or monthly income even if he works on a daily basis. On the other hand, if a person is in an underdeveloped or developing country, he can save even a small part of his income in Bitcoin if he tries. If the monthly income of the person is $300, he can buy $ 25 per week and $ 100 per month even after bearing all the expenses of his family. If someone can be aggressive and invest in Bitcoin regularly according to his discretionary income, it is also a good idea. It will completely depend on that person's income ability.

[ejikeme24]

But, yeah, people tend to have a lot of pride, which is not necessarily a bad thing, so they will tend to want to think that they came to the resolution on their own rather than someone else telling them... so it can sometimes be difficult to figure out how to give some guidance while letting the other person come to their own conclusions.

You're right pride is not necessarily bad but it should be apply wisely, because there are some certain areas we may be needing help from experienced people because without thier help we may not be able to scale through without making a mistake, even if we may want to make attempt but it will be unwise to have Pride in something we know nothing about when we know of someone who is well educated in that particular aspect especially when it has to do with money. However pride  need to be applied in areas that does not involve money, because you might experience series of loses before you can still come to the resolution.

[Joy- maker]

No doubt knowledge is very much of a key in what ever you do in this life, so Bitcoin is not an exception, but take note that you don't have to have all the knowledge to start your Bitcoin accumulation journey, all you just need is the basic knowledge on how to accumulate it either through DCA accumulating strategy or through lump sum strategy, along the line you can learn more about it and all that are required or needs to be in place to be successful in it.

You are correct knowledge is Very much a key in what ever will do in this life, and there are some investments that requires you to have full knowledge about them before you can get started, but in the case of bitcoin investment full knowledge before you can get started is not needed, what you just need as a newbie to get started with bitcoin is just basic knowledge about bitcoin, how to buy bitcoin and how to secure your bitcoin you're good to go. bitcoin is not something that you have to wait go get full knowledge before you can get started, because the more you wait to get full knowledge about bitcoin the more you delay your bitcoin investment journey, so getting started with basic knowledge is very important.

Why most Investors are having doubt about starting is because they are not given a proper orientation on Bitcoin and how easy it is to invest in it with your discretionary income, most of them don't know that they can invest in it little by little, , some still think that they must buys a whole Bitcoin at once, but with the basic knowledge about it, that wouldn't be a problem in start or taking the first step.

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

[Miramax12]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

you are actually every correct, Without that, it’s nearly impossible to commit consistently especially with strategies like DCA dollar cost  averaging low,  some many  people want to rush into crypto without first securing their financial base. Getting a job or stable source of income is the first real step. Once that’s in place, then you can think long-term, invest wisely, and actually see meaningful returns. smart money starts with smart planning.

[Sim_card]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

you are actually every correct, Without that, it’s nearly impossible to commit consistently especially with strategies like DCA dollar cost  averaging low,  some many  people want to rush into crypto without first securing their financial base. Getting a job or stable source of income is the first real step. Once that’s in place, then you can think long-term, invest wisely, and actually see meaningful returns. smart money starts with smart planning.

You don't need a stable source of income before you can invest into bitcoin all you need is your discretionary income. There are some people who have stable source of income but at the end of the month and taking care of their basic needs and monthly expenses, they are left with nothing. Such people cannot invest in bitcoin.

A contractor that gets paid twice or more in a year can invest in bitcoin after he gets paid with his discretionary income. The contractor after taking out his monthly expenses and basic needs for a given period of time and he has left over. He can use that leftover to invest in bitcoin whichever way he wants. A gambler can hit the jackpot and use his win to invest into bitcoin. Proper plan and cash inflow management is what matters.

[cxtreenal]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

you are actually every correct, Without that, it’s nearly impossible to commit consistently especially with strategies like DCA dollar cost  averaging low,  some many  people want to rush into crypto without first securing their financial base. Getting a job or stable source of income is the first real step. Once that’s in place, then you can think long-term, invest wisely, and actually see meaningful returns. smart money starts with smart planning.

If you are considering the possibility of invest Bitcoin for a stable source, you may be wasting more time. Imagine that you have a discretionary income stream which is perfect for starting Bitcoin. For example if you are still a student and work part-time to cover your education expenses and have a discretionary income stream on the weekends you can Bitcoin even if you do not have a stable income. Having a stable income source after the study period is over will allow you to  accumulation Bitcoin more and aggressively.

Rather than expecting a meaningful return, you should continue to deposit Bitcoin in the long term. Because if you are overly interested in making a profit now it can be detrimental to your long-term investment.

[sotelorene]

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

you are actually every correct, Without that, it’s nearly impossible to commit consistently especially with strategies like DCA dollar cost  averaging low,  some many  people want to rush into crypto without first securing their financial base. Getting a job or stable source of income is the first real step. Once that’s in place, then you can think long-term, invest wisely, and actually see meaningful returns. smart money starts with smart planning.

I think at first someone have to draft out everything even though all of them may not be possible but one good thing in life is to have hope and work towards that particular thing. So I think before getting a job one ought have calculated how he or she is going to go about Bitcoin investment because if you don't have this thought before getting a job that will be giving you income then it will be difficult for that person to think about later so everything is planning and not just planning but planning well. There are people with a stable and good source of income but they are not into Bitcoin investment because they never had a thought about Bitcoin before they got the job.