Balancing Financial security and Bitcoin Accumulation

[I_Anime]

Starting this process requires a certain level of financial certainty, because creating a bitcoin account without financial stability is not worth it, because financial stability will give you financial benefits while investing on bitcoin

Person don't have to be rich before they can ongoingly invest so why don't you just get the fuck started with your discretionary income regardless of the amount that you have instead of holding on to this misguided notion. Yes it is a good thing to be financially stable but I hat isn't a prerequisite for investment. Life cannot be predicted and if you think waiting for financial stability is the best option, then am so sorry because you will just keep delaying yourself and before you know it the price may even go higher than it was before leaving you with just be left with the choice of buying at a very costly price. Is that wise huh?

Don't wait, just get started and figure the rest along the way

The truth is that without discretionary Income you can not invest in Bitcoin (or you want to use your teeth  ) . So you can’t expect folks that feed from hand to mouth to invest in bitcoin , because such folks lacks what we call discretionary income, but that doesn’t means you will have to be financially stable to some extent before investing Aslong you can generate discretionary income, I don’t see any reason to keep wasting time while you suppose to be investing.

[BluebloodCXVI]

There are absolutely lot of things to learn about bitcoin but before investing in bitcoin, one only needs the discretionary money to be able to make the decision to invest in bitcoin.
A lot of people argue about having basic knowledge and discretionary money and they’re right to an extent. There are so many people who come into bitcoin from different backgrounds; some might be seasoned investors already looking for where to diversify (like yourself when you first got into bitcoin), some may have heard about it before but didn’t take it serious at first, some may totally be newbies to digital assets. So for this kind of fellows they really need to have some basic knowledge of what they’re investing into.
It’s not that they’re dumb or whatever but it’s a new field for them so they have to know how to buy, and store it properly and have some level of understanding of bitcoin.

If they’ve decided to invest and discretionary money is available, acquiring this simple knowledge should not be a restriction to them starting their investment. It can even be acquired while waiting for the availability of discretionary income. So they can decide to start out small while they continue their learning and improve on their investment and conviction about bitcoin.
I believe practice is the best way to learn I also believe in being ready or prepared. Start small, continue learning and let your conviction grow with experience.

I fuck with idea of starting investing while still continuing to learn about bitcoin, it is definitely a sensible approach.

My only advice is that, the amount you use to invest in bitcoin as a newbie should be a reflection of the level of understanding you have at that particular level you’re in with your investment.
And then as your investment and conviction continue to grow, you can then gradually increase your allocations.

Don’t just go jumping in blindly simply because you happen to have some discretionary income available to you at the time.

[ZeroVinsonN]

Starting this process requires a certain level of financial certainty, because creating a bitcoin account without financial stability is not worth it, because financial stability will give you financial benefits while investing on bitcoin

Person don't have to be rich before they can ongoingly invest so why don't you just get the fuck started with your discretionary income regardless of the amount that you have instead of holding on to this misguided notion. Yes it is a good thing to be financially stable but I hat isn't a prerequisite for investment. Life cannot be predicted and if you think waiting for financial stability is the best option, then am so sorry because you will just keep delaying yourself and before you know it the price may even go higher than it was before leaving you with just be left with the choice of buying at a very costly price. Is that wise huh?

Don't wait, just get started and figure the rest along the way

The truth is that without discretionary Income you can not invest in Bitcoin (or you want to use your teeth  ) . So you can’t expect folks that feed from hand to mouth to invest in bitcoin , because such folks lacks what we call discretionary income, but that doesn’t means you will have to be financially stable to some extent before investing Aslong you can generate discretionary income, I don’t see any reason to keep wasting time while you suppose to be investing.

Once a person is generating discretionary income investing in bitcoin shouldn't be something to have to stress themselves too much about, the process isn't complicated as long as someone wants to invest in bitcoin they will be able to do so with their discretionary income, they should know that bitcoin investment is a long term investment of at least 4 to 10 years and that bitcoin as an asset is volatile, they shouldn't be bothered with short term price swings but should instead keep buying and holding through the highs and lows.

[cxtreenal]

Starting this process requires a certain level of financial certainty, because creating a bitcoin account without financial stability is not worth it, because financial stability will give you financial benefits while investing on bitcoin

Person don't have to be rich before they can ongoingly invest so why don't you just get the fuck started with your discretionary income regardless of the amount that you have instead of holding on to this misguided notion. Yes it is a good thing to be financially stable but I hat isn't a prerequisite for investment. Life cannot be predicted and if you think waiting for financial stability is the best option, then am so sorry because you will just keep delaying yourself and before you know it the price may even go higher than it was before leaving you with just be left with the choice of buying at a very costly price. Is that wise huh?

Don't wait, just get started and figure the rest along the way

The truth is that without discretionary Income you can not invest in Bitcoin (or you want to use your teeth  ) . So you can’t expect folks that feed from hand to mouth to invest in bitcoin , because such folks lacks what we call discretionary income, but that doesn’t means you will have to be financially stable to some extent before investing Aslong you can generate discretionary income, I don’t see any reason to keep wasting time while you suppose to be investing.

Accumulating Bitcoin requires discretionary funds. You can start even if you don't have any extra available funds. If you don't have any discretionary income by the end of the week or month, wait to earn extra money or create multiple sources of income. Investors will be confused if you ask them to save Bitcoin from extra funds at the initial stage. Many new investors have discretionary income but don't have any extra available funds. If they start accumulating Bitcoin from that discretionary income without wasting time it will be positive holding strategy for them in the long run.

[abaeze]

Starting this process requires a certain level of financial certainty, because creating a bitcoin account without financial stability is not worth it, because financial stability will give you financial benefits while investing on bitcoin

Are you telling us that a beginner needs a stable income not discreationary income to invest in Bitcoin right? If this is what you meant then you are wrong, are you sure that you've been Reading in between lines from what many users has been discussing this thread and other threads that procedure for investing in Bitcoin is being discussed?
You're still a newbie, it won't make any sense if you start confusing yourself at this early stage, you're at the level where you are supposed to ask questions if you don't understand the steps to take that'll make your Bitcoin investment journey smooth, no one is saying that stable income is not important, the point is that, it doesn't guarantee anything, your discreationary income is what is needed for your to invest in Bitcoin, so once you have it, you are good to kick start, being financially stable is a process and if you wait until you reach their before you start your Bitcoin investment then it means that you aren't ready to invest.

Many people have known about Bitcoin since 2020 and are financially stable to invest but are still afraid to invest due to its volatility. Therefore, stable income alone is not enough to invest in Bitcoin. There are also some who do not have a regular income but have bought and held Bitcoin after hearing from someone encouraging them. Although they have not been able to increase accumulation regularly due to lack of discretionary income. Therefore, discretionary income is more important to start and maintain for investing in Bitcoin. I always agree with this saying that discretionary income is more important than stable income for investing in Bitcoin. Because there is no guarantee that someone will be able to invest successfully only if they have a stable income, rather the money that is left after meeting daily needs should be used for investment. Therefore, it is more realistic to start on a small scale within your means, rather than waiting for complete financial stability.

[Merit.s]

Accumulating Bitcoin requires discretionary funds. You can start even if you don't have any extra available funds. If you don't have any discretionary income by the end of the week or month, wait to earn extra money or create multiple sources of income. Investors will be confused if you ask them to save Bitcoin from extra funds at the initial stage. Many new investors have discretionary income but don't have any extra available funds. If they start accumulating Bitcoin from that discretionary income without wasting time it will be positive holding strategy for them in the long run.

You are misunderstanding what's extra funds and discretionary income. They are the same thing. Your extra funds that is left after meeting up with your basic needs and monthly expenses is your discretionary income and that's what you need to start your bitcoin investment because you can afford to so without it and it wouldn't affect you financially.

It's still from your discretionary income you use to set up your backup funds. If you don't have extra funds, you don't need to invest in bitcoin.