Balancing Financial security and Bitcoin Accumulation

[I_Anime]

I don't want to invest more than 10%-15% of my total discretionary income in volatile assets like Bitcoin.

Your are in charge of your investment so you can invest as you please provided you are using your discretionary income. If what you can afford to invest is 5% of your discretionary income,it is still a good start as it will still go a long way as long as you're  investing consistently over the long term. You can invest with any amount regardless of size,so the 5% is not a bad start if you can keep the consistency going. I believe you haven't built a strong confidence in bitcoin yet that's was why you are skeptical about investing up to 15% of your discretionary income but it's fine as we were once skeptical about bitcoin before we finally trusted it. So I believe as time goes on, as you are practically investing, your trust in bitcoin will increase,it's a gradual process.

As you are investing make sure you are also learning , understanding what are investing in will help build your confidence more . The reason many are still having doubt about Bitcoin is because they don't understand the technology behind it, the purpose it was invented the first place .

No, I’m not saying you should go into some complex tech aspect of bitcoin before investing. You can start with just the basics, then with time you will advance as you accumulate. Doing so you will be able to build a better confidence in bitcoin and it will make embarking folks (those interested in bitcoin) easier too .

[Sunshine1525]

As you are investing make sure you are also learning , understanding what are investing in will help build your confidence more . The reason many are still having doubt about Bitcoin is because they don't understand the technology behind it, the purpose it was invented the first place .

No, I’m not saying you should go into some complex tech aspect of bitcoin before investing. You can start with just the basics, then with time you will advance as you accumulate. Doing so you will be able to build a better confidence in bitcoin and it will make embarking folks (those interested in bitcoin) easier too .

Investing it's is a process, so far someone is doing it the right way, the person would definitely learn new things on the long run, even if there's a mistake along the line you’ll learn from it an take correction. For instance those who stored their coldcard would learn to store in a safer wallet by moving it to a wallet backed with passphrase.

What people need to start investing is discretionary funds, with common sense they can figured out other things and gain knowledge simultaneously while on the investment.

[samadam007]

As you are investing make sure you are also learning , understanding what are investing in will help build your confidence more . The reason many are still having doubt about Bitcoin is because they don't understand the technology behind it, the purpose it was invented the first place .

No, I’m not saying you should go into some complex tech aspect of bitcoin before investing. You can start with just the basics, then with time you will advance as you accumulate. Doing so you will be able to build a better confidence in bitcoin and it will make embarking folks (those interested in bitcoin) easier too .

You seem to be giving unnecessary requirement needed to build confidence to invest. Beginners don’t need all of that. The thought of how bitcoin skyrocketed in the past and how long term investors benefitted more is enough to build your confidence. Of course, past result does not guarantee future performance, but it can help beginners to understand why other people believe in its long term value. At the same time, folks should not only focus on Bitcoin potential and ignore the risks. Understanding it is volatile in nature will help you make good investment decisions.

While investing, if a person feels he needs to go deeper into bitcoin and understand the technical aspect too, then that is his choice. If he feels there’s no need for all that, and his interest is just regular buying and holding, then that is also fine too. Don’t make it sound like it is compulsory to learn the deeper part of bitcoin to be able to build confidence to accumulate long term.

[Futurexxx]

How much % you invest in Bitcoin is completely your personal decision. As you mentioned, you will not be willing to invest more than 10% to 15% in a volatile asset like Bitcoin. Every investment has risks, if you mean investing in gold, then I would say that Bitcoin has become a much better asset than gold at present. The future of Bitcoin seems to be bright because, every person now wants their financial security and financial freedom. For this financial security and financial freedom, Bitcoin is the most reliable and safe asset.

The main reason why Bitcoin is more of a better asset to invest in right now than gold is that it's still far away from it peak price, it's more like a 17 year old that still has a lot of life ahead of him, unlike gold that is closer to it peak price, and has been around since from the beginning of mankind. So it's because of that Bitcoin is more of a better asset to invest in than gold.

. I believe that when you are able to deal with the volatility of Bitcoin day by day and are able to build complete faith in Bitcoin, then you will decide to invest between 40% and 50% of your total wealth in Bitcoin.

This should never be taken as a financial advice because it's a bad advice. If you invest 40-50% of your total  wealth as you are proclaiming, you are actually going all in on your investment, or you are investing with what you cannot afford to lose, which will compel you to always be in a state of panic anytime their is a dip in the market, so this is a terrible idea bro.