Balancing Financial security and Bitcoin Accumulation

[ASloveapg]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

I agree with you, Buying Bitcoin by borrowing is risky. Those who truly invest with a long-term plan to hold Bitcoin, thinking about the future, never buy Bitcoin by borrowing. It is very important for a person to have a prudent earning to start investing in Bitcoin, otherwise long-term investment will never be successful or can not be managed properly. Bitcoin can never make you rich in the short term, you must invest consistently with a long-term plan and wait for the right time, then big profits can be obtained from Bitcoin.

In Bitcoin investment, the decision to invest with debt is wrong in most cases, because Bitcoin is a long-term investment, when we can hold it for at least 4 years or 8 to 12 years, then we can expect significant success from it, now the thing is when you invest in Bitcoin with debt, in that case you have to think about how long time before you have to repay that debt, when we can decide to hold 2 cycles in Bitcoin investment, then we will have a good chance of success, but if you take a loan and invest, and you do not have a separate arrangement to repay that debt, and when the time comes to repay the debt, and at that time if Bitcoin does not give you significant success, then how will you repay your debt?  Then if you do not pay your loan then your interest will continue to increase, as a result you will be forced to sell your holdings at a loss, so we must keep these things in mind, since Bitcoin is a long-term investment, so we should never use that money in this long-term journey that we have to pay or need before our goal is achieved. The amount of money of you invest and that could disturb your financial peace during your investment journey, that money should not be used in any way in a long-term investment, especially if you do not have a separate source for this financial council, you invest a small amount, but still use money that you can hold for the long term without any obstacles.

[IjawMan]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

Do not do that for any reason because plain and transparent with people when introducing bitcoin to them you don't have to whitewash the truth of bitcoin investment. We are not dealing on a ponzi scheme that for us to lie so people will come and invest their money.

Do not force a person to make investment in bitcoin when they have no knowledge of the nature of the asset, advice they do their dew diligence and research and from what they learn about the asset make their decision to invest or withdraw.

It is a falsehood to inform those you around you that bitcoin a volatile asset is a get-rich-quick investment asset. What do you intend will be their reaction when they do their digging and found that what you told them is not what they have known to be the truth.

[Loyang]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

A new person does not need to know the market strategies to invest. If a person has basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income, then he can start investing. What do you mean by Bitcoin market strategies? If you are thinking that when the market will go up or when the market will go down, then you are wrong. Because no one can ever say when the price of Bitcoin will increase or decrease.

A subtractor should always continue buying based on his discretionary income and adopt the DCA method.

[ZeroVinsonN]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

It's better to let someone know what they are getting into before they start blaming you when things don't work out as they'd hoped, bitcoin investment is not a get rich quick scheme not since bitcoin started so tell people otherwise would be lying to them which is wrong, so a certain degree of knowledge is essential if a person want to venture into a new line of investment and bitcoin isn't very different but complete understand of the bitcoin market is impossible with how volatile it can get so a newbie trying to understand the whole thing can be an unnecessary burden plus it will definitely also delay the investment since they are spending valuable investment time in trying to understand something that ultimately will not be able to fully grasp when they could have already been accumulating.

[Umulala-alala]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

It's better to let someone know what they are getting into before they start blaming you when things don't work out as they'd hoped, bitcoin investment is not a get rich quick scheme not since bitcoin started so tell people otherwise would be lying to them which is wrong, so a certain degree of knowledge is essential if a person want to venture into a new line of investment and bitcoin isn't very different but complete understand of the bitcoin market is impossible with how volatile it can get so a newbie trying to understand the whole thing can be an unnecessary burden plus it will definitely also delay the investment since they are spending valuable investment time in trying to understand something that ultimately will not be able to fully grasp when they could have already been accumulating.

What you have narrated is how it's suppose to be done, people should at least have some basic knowledge before they can go into investing in BTC so that they won't be frighten when the start seeing some changes in the market like market dip, they should know that bitcoin is volatile it can increase in price and also decline in price, they should also know that bitcoin investment is not a get rich quick investment rather a long term investment that requires you to be buying using your discretionary income which is funds you can afford to let go then learn along as you are buying bitcoin so you won't delay much and miss more buying opportunity while waiting to learn everything before you can start buying bitcoin.

[Hardyrobust]

.

What you have narrated is how it's suppose to be done, people should at least have some basic knowledge before they can go into investing in BTC so that they won't be frighten when the start seeing some changes in the market like market dip, they should know that bitcoin is volatile it can increase in price and also decline in price, they should also know that bitcoin investment is not a get rich quick investment rather a long term investment that requires you to be buying using your discretionary income which is funds you can afford to let go then learn along as you are buying bitcoin so you won't delay much and miss more buying opportunity while waiting to learn everything before you can start buying bitcoin.

Definitely there are things that are crucial for a newbie to know before they can start accumulating bitcoin. So it is not prequsite for a newbie to know everything about bitcoin or to have a broad knowledge of bitcoin investment before they can start accumulating. The most important thing is if the needed discretionary income is available. As long as the needed discretionary income is there they can start buying bitcoin and with time they can broaden or expand there knowledge about bitcoin as they go on with there accumulation journey.

[LonelyEcho]

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

I wonder what type of sensible income you are talking about because to the best of my knowledge, their are so many guys out there that wish to invest in Bitcoin that are earning a sensible income as you called it but still can't figure out their discretionary income, what an investor need in other to invest in Bitcoin consistently is a discretionary income and the will to hold for a very long period of time, because if he has the will to hold for the future, he will put down measures that will make him develop a strong holding hands, like having an emergency and reserve funds in place to protect his investment against any unforseen circumstances that may arise in the future.

If you invest in Bitcoin, you need to know about Bitcoin, understand how Bitcoin works, and whether you can invest for 5/10 years or whether you have that amount of funds or only these things, then you can buy Bitcoin.

You mentioned that you should invest only after knowing what Bitcoin is and how it works. This sounds confusing to me. Not everyone is technically proficient. Also, not everyone can understand the deep concepts of blockchain. For example, I myself am very weak technically. So it cannot be said that we are not investable or cannot invest. Not everyone needs to understand hash or mining algorithms. Bitcoin investment is not a programming exam. I am not saying that you should start investing with a blank slate. There are many investors like me who, without knowing the basic concepts, check the current situation from the past and value Bitcoin as a limited digital asset and hold it for the long term.

The things I keep in mind in the field of new investments is that Bitcoin is not a way to get rich quick. Rather, it is a game of patience and discipline. The more you can hold on to it, the more possibilities you will see. There is no need to invest with risk. You should invest with whatever is left over after meeting all your family expenses.  However, it is necessary to have knowledge about Bitcoin. Learn it through investing. Because what experience teaches you, you cannot learn from anywhere else. And if you fall behind in your efforts to learn, you will lose a lot of opportunities. Which I personally do not want.

[Rhow]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

If you are thinking of getting rich overnight by investing in Bitcoin, you will never be an investor. Because Bitcoin is not a get rich quick scheme. If you invest for the long term, you can get profit. For a real investor, investing for the long term should be the right decision.

But, you say "newbies should understand the market strategies before investing", which is not reasonable. There is nothing different from gaining proper knowledge about the Bitcoin market. Its market always goes up and down. By its market strategies, you may mean different strategies of investing. As a new investor, you should only think of investing in the DCA method. In this, you can invest for the long term without worrying about the ups and downs of the market.

[Tonimez]

[Edited out]

It isn't nice when you don't tell people the truth about Bitcoin. It's better they know the truth, risks involved & the violatile nature of Bitcoin before investing. Let them know and still invest willingly than investing blindly with high hopes in a short interval.  Bitcoin doesn't beg anyone to invest, it's give you the freedom to choose from your own will and time of convenient. Why people have to understand that Bitcoin isn't risk-free and only profitable when held for the long term is because of the high violatile nature of Bitcoin. The price might starts fluctuating by going downtrend,for someone that doesn't understand that it's a normal thing will start panicking thinking it's about to crash and may sell out of fear. They have to understand how Bitcoin works to avoid unnecessary panics sales in the future.

Telling people the truth about what they want to go into is very good for them to prepare their minds ahead and also avoid some fatal mistakes that can ruin their financial situation till almost forever. But what matters is knowing the truth you have to tell and them accepting the truth from you. There are some folks who can meet you to introduce them into bitcoin just because of the stories they've heard amongst their friends who probably don't even engage in bitcoin activities. Based on hearsay, they conclude how lucrative bitcoin investment is, but their knowledge is limited about how long a person would need to exercise patience in order to reap the benefits of bitcoin.

In this case, it becomes very difficult to convince such person to limit his investments to only what he can afford to HODL for at least 4 to 10 years. They  only want to invest and they already set their minds on how positive the market would be after their investments. Now they forget that bitcoin volatility is not one directional, it could be positive or negative.

The moment bitcoin dips beyond their imagination, they panic and then sell off at loss. This should let anyone understand the influence of media and friends on the beginners. They can borrow money to invest when they receive repeated notifications of bitcoin new prices daily and this becomes the beginning of their doom when they get in with incomplete knowledge.

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

There are several strategies for bitcoin investment which includes, Buying the dip, lump sum method, DCA method and/or Aggressive buys. These methods differ in their methods and approaches but one common thing about all the strategies for bitcoin accumulation is that all the strategies require Discretionary income to invest.  Someone who is investing with discretionary income does not have any business with investing with a loaned money. Discretionary income is gotten after taking care of your basic responsibilities of which such money cannot be borrowed. These are the reasons why beginners need to calm down and avoid the urge to go into bitcoin trading/gambling which exposes them to loosing their money faster than they can imagine.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

Do not do that for any reason because plain and transparent with people when introducing bitcoin to them you don't have to whitewash the truth of bitcoin investment. We are not dealing on a ponzi scheme that for us to lie so people will come and invest their money.

Do not force a person to make investment in bitcoin when they have no knowledge of the nature of the asset, advice they do their dew diligence and research and from what they learn about the asset make their decision to invest or withdraw.

It is a falsehood to inform those you around you that bitcoin a volatile asset is a get-rich-quick investment asset. What do you intend will be their reaction when they do their digging and found that what you told them is not what they have known to be the truth.

Why would a person decieve a beginner into investing in bitcoin against his wish by whitewashing him into believing that bitcoin is a get rich quick scheme? I think we have to understand that you don't need to force or lure people into investing in bitcoin at anytime. This would let you have a clear mind when the person eventually looses his money during the process. When a person has his mind set on getting rich quick, he invests beyond his financial capacity and therefore causes himself a serious financial crisis and when emergency happens, he is forced to sell his bitcoin, probably at loss to take care of his emergency situation. As a beginner, you don't have to invest what you cannot HODL if you must succeed in bitcoin. So as an experienced investor, you don't need to hide the truth, you also have to explain the dangers of impatience and bitcoin gambling. All these would allow the person get to know what he's going into.

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

A new person does not need to know the market strategies to invest. If a person has basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income, then he can start investing. What do you mean by Bitcoin market strategies? If you are thinking that when the market will go up or when the market will go down, then you are wrong. Because no one can ever say when the price of Bitcoin will increase or decrease.

A subtractor should always continue buying based on his discretionary income and adopt the DCA method.

You're correct. The basic requirements for going into bitcoin is only but a basic knowledge (not a full knowledge). Every beginner learns better in the process and that's why every beginner also needs to have a discretionary income before thinking of going into bitcoin investment. Some beginners out of anxiety would want to borrow money just to have a bitcoin in their account, but don't allow such because when they fail, they will annoy to everyone that you are the one that introduced them into scams. Helping a beginner to control his anxiety is also very crucial if you care about the beginner. This will go a long way to save him from doom.

Just as a sensible income is needed to start investing, 2 more things are needed
1 Basic knowledge about Bitcoin
2 Faith in Bitcoin

I wonder what type of sensible income you are talking about because to the best of my knowledge, their are so many guys out there that wish to invest in Bitcoin that are earning a sensible income as you called it but still can't figure out their discretionary income, what an investor need in other to invest in Bitcoin consistently is a discretionary income and the will to hold for a very long period of time, because if he has the will to hold for the future, he will put down measures that will make him develop a strong holding hands, like having an emergency and reserve funds in place to protect his investment against any unforseen circumstances that may arise in the future.

If you invest in Bitcoin, you need to know about Bitcoin, understand how Bitcoin works, and whether you can invest for 5/10 years or whether you have that amount of funds or only these things, then you can buy Bitcoin.

You mentioned that you should invest only after knowing what Bitcoin is and how it works. This sounds confusing to me. Not everyone is technically proficient. Also, not everyone can understand the deep concepts of blockchain. For example, I myself am very weak technically. So it cannot be said that we are not investable or cannot invest. Not everyone needs to understand hash or mining algorithms. Bitcoin investment is not a programming exam. I am not saying that you should start investing with a blank slate. There are many investors like me who, without knowing the basic concepts, check the current situation from the past and value Bitcoin as a limited digital asset and hold it for the long term.

The things I keep in mind in the field of new investments is that Bitcoin is not a way to get rich quick. Rather, it is a game of patience and discipline. The more you can hold on to it, the more possibilities you will see. There is no need to invest with risk. You should invest with whatever is left over after meeting all your family expenses.  However, it is necessary to have knowledge about Bitcoin. Learn it through investing. Because what experience teaches you, you cannot learn from anywhere else. And if you fall behind in your efforts to learn, you will lose a lot of opportunities. Which I personally do not want.

I think we have to shift our mind from this profit profile trajectory. Aside making all the profits, don't you guys see another benefit of bitcoin?? Bitcoin is a store of value and the safest place you money can be in order to militate against the continuous degradation of our local currency. This would let you save your money properly and probably even adds more profit to the original value of your money. The USD is continuously degrading now and it's rate is increasing recently. These degradation recorded among fiats is the reason why everyone can have bitcoin, whether big or small. Before the advent of bitcoin, gold has always taken the entire stress from the fiats and this is same role Bitcoin is playing digitally and the future belongs to bitcoin from all indications.

[Mr_Brilliant$]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin, as a newbie you have to understand the strategies of the market first before investing and investing for long-term benefits without selling is okay and advisable as a newbie who's into the market because long-term investments helps so much and build you well as a newbie understand how the market works.

If you are thinking of getting rich overnight by investing in Bitcoin, you will never be an investor. Because Bitcoin is not a get rich quick scheme. If you invest for the long term, you can get profit. For a real investor, investing for the long term should be the right decision.

But, you say "newbies should understand the market strategies before investing", which is not reasonable. There is nothing different from gaining proper knowledge about the Bitcoin market. Its market always goes up and down. By its market strategies, you may mean different strategies of investing. As a new investor, you should only think of investing in the DCA method. In this, you can invest for the long term without worrying about the ups and downs of the market.

That is just the truth, because why on earth would someone still be thinking Bitcoin is some kind of shortcut to get rich fast, that is a very wrong mentality, infact no proper invest give return fast, it takes time and process..  Bitcoin is not a magic money machine or MMM, it is something you hold and grow with for some time.. 
The real profits come with you been patience, not rushing in with the mindset to double your money overnight.. if you treat it like a quick flip scheme, you will end up panicking once the market dips and then sell at a loss.

[Somto9Light]

That is just the truth, because why on earth would someone still be thinking Bitcoin is some kind of shortcut to get rich fast, that is a very wrong mentality, infact no proper invest give return fast, it takes time and process..  Bitcoin is not a magic money machine or MMM, it is something you hold and grow with for some time.. 
The real profits come with you been patience, not rushing in with the mindset to double your money overnight.. if you treat it like a quick flip scheme, you will end up panicking once the market dips and then sell at a loss.

I noticed that some people don't know the difference between bitcoin and those shitty coins that claims to be making people rich overnight, alot of people are now capitalizing on this fact and start mistaken bitcoin for shitcoins. I'm beginning to see that the Days of shitcoins is almost getting to an end because I don't longer see people going for them like before, bitcoin is literally making most of this shitcoin to go off from the market and that's how is supposed to be because Alot of people have been deceived by influencers that once pretend to recommend people to a coin that has a potential not knowing that they're just in for the offer that is been given to them.

[Zackz5000]

You don't have to say Bitcoin isn't a get rich quick scheme so you won't discourage some minds from investing into Bitcoin

Is this the mindset you have to invest in Bitcoin? That Bitcoin is a get rich quick scheme? Bitcoin is not a Ponzi scheme to get you rich quick which at the end you lost everything.

Many has been scam, so saying that Bitcoin is a Ponzi scheme will discourage newbies not to get started with their Bitcoin investment because they will think it's a scam investment those who has this mindset before get started never continue again because they have believe that Bitcoin investment is what you get started now and start making billions tomorrow and sold at lost and ran away.

Bitcoin investment is a long term investment which we are not even guarantee to be successful that's why we should accumulate with our discretionary income.

[ruykeri]

You mentioned that you should invest only after knowing what Bitcoin is and how it works. This sounds confusing to me. Not everyone is technically proficient. Also, not everyone can understand the deep concepts of blockchain. For example, I myself am very weak technically. So it cannot be said that we are not investable or cannot invest. Not everyone needs to understand hash or mining algorithms. Bitcoin investment is not a programming exam. I am not saying that you should start investing with a blank slate. There are many investors like me who, without knowing the basic concepts, check the current situation from the past and value Bitcoin as a limited digital asset and hold it for the long term.

Investing in Bitcoin does not require much technical knowledge. One must have discretionary income and the ability to learn to invest in Bitcoin, only then can one invest. It will take a lot of time to gain a lot of knowledge, but time is very important in the field of investment, so the sooner you start investing, the more Bitcoin you can buy for less money. For investment, you only need to have proper knowledge of the basic things. Such as security, wallet, private keys and choosing the right investment way, having a correct idea about fund management and emergency funds and reserve funds. The most important thing in investing in Bitcoin, I think, is to manage the investment process patiently. Because investing in Bitcoin is a long-term process, here you have to move forward with the mentality of investing for 4 to 10 years. So if you don't have the financial condition and resources to maintain your BTC holdings for long time, I don't think you should start investing.

[Emjay24]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

Investing with a loan isn't a problem as long as you've a way of paying back the loan from your income and not depending on your Bitcoin investment to be able to pay back the loan. Bitcoin investment is meant for a long-term and if you can still afford to leave your portfolio untempered and settle the loan from another source, then the loan isn't a bad idea.

Many people tend to blacklist loan as a very bad stuff, forgetting that there are some loans with good interest rates and if you can get such, you can employ it in lump summing or front loading your Bitcoin investment to get a decent stash while you gently pay back the loan and little interests from your income.

[ASloveapg]

.

What you have narrated is how it's suppose to be done, people should at least have some basic knowledge before they can go into investing in BTC so that they won't be frighten when the start seeing some changes in the market like market dip, they should know that bitcoin is volatile it can increase in price and also decline in price, they should also know that bitcoin investment is not a get rich quick investment rather a long term investment that requires you to be buying using your discretionary income which is funds you can afford to let go then learn along as you are buying bitcoin so you won't delay much and miss more buying opportunity while waiting to learn everything before you can start buying bitcoin.

Definitely there are things that are crucial for a newbie to know before they can start accumulating bitcoin. So it is not prequsite for a newbie to know everything about bitcoin or to have a broad knowledge of bitcoin investment before they can start accumulating. The most important thing is if the needed discretionary income is available. As long as the needed discretionary income is there they can start buying bitcoin and with time they can broaden or expand there knowledge about bitcoin as they go on with there accumulation journey.

It is not necessary to know everything about Bitcoin or gain perfect knowledge at the beginning, in the first case you have to start investing first, after that by keeping the investment consistent you can understand Bitcoin better and more deeply, but if at the beginning you want to understand Bitcoin deeply before starting investing, then you will lag behind in starting investing, and as a result you may lose a good opportunity to start investing, because Bitcoin is unstable and the price at which you are getting the opportunity to invest now, if you delay further, then the price may increase further, as a result, that time you will have to buy less Satoshi at a higher price, so we should never delay in starting investing, start investing with general knowledge, and get to know Bitcoin better during the investment process, then you will be able to gain a complete understanding of Bitcoin along with your investing also running.

[Mr_Brilliant$]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

Investing with a loan isn't a problem as long as you've a way of paying back the loan from your income and not depending on your Bitcoin investment to be able to pay back the loan.

TBH, I would still advise anyone to just stay away from loans if they can. The market is so unpredictable, and using borrowed money will definitely add extra pressure..
It is better to invest what you actually own so you do not end up stressing yourself for repayment if things don’t go as planned.. 

[Albert David]

Pardon my ignorance, but what is the difference between discretionary funds and income.
[/quote]
Income and Fund are two words, (for example) Income is 

When you get profit from business and salary or from somewhere, that is income and whatever you need to live your life and not to be poor is what you earn from everywhere! 

Fund is (for example)

Out of the money you earn in a month, the money that remains after excluding your house rent, car expenses, family expenses, children's expenses, all expenses is the fund and it is very important for you to keep this fund because, the fund used for your future is very important!

[icebar]

That is just the truth, because why on earth would someone still be thinking Bitcoin is some kind of shortcut to get rich fast, that is a very wrong mentality, infact no proper invest give return fast, it takes time and process..  Bitcoin is not a magic money machine or MMM, it is something you hold and grow with for some time.. 
The real profits come with you been patience, not rushing in with the mindset to double your money overnight.. if you treat it like a quick flip scheme, you will end up panicking once the market dips and then sell at a loss.

Those who want to get rich overnight usually invest in shilling schemes. Most of them lose their hard-earned money by investing in gambling tokens other platforms. But those who are patient and prioritize a reliable investment will definitely get good returns there. Although long-term investment in Bitcoin does not guarantee an investor profit, there is no such example of anyone losing money by investing in the long term. Some of my acquaintances who invested in some shilling schemes for high returns have almost reached the bottom of their portfolios today, whereas if they had invested in Bitcoin, they would have been able to gain almost 6 times that investment today.

[gracreavix]

If so then it means you are actually proving my point without realizing it because the risk is still there. The whole idea of Bitcoin investment is long term, nobody can predict the short term moves. If you borrow money to invest, you have already created pressure on yourself because that loan has a fixed repayment time while Bitcoin does not move according to your timetable. Even if you claim to have another source of repayment, it defeats the purpose of investing because you are exposing yourself to double financial stress, managing debt and waiting for an uncertain return. That is why borrowing for Bitcoin is never ideal, it turns a long term play into a dangerous gamble.

Investing in Bitcoin with a loan puts your investment at greater risk. Those who are more experienced will never invest in Bitcoin with a loan. Especially those who have started investing for a few days, if they suddenly see that the price of Bitcoin has decreased slightly, they want to invest more money at once to buy more Bitcoin at a lower price. That is why they try to invest with a loan. But if you think a little deeper, you can think that this type of decision has the possibility of loss from profit and is full of high risk. If the value of Bitcoin suddenly decreases, then the investor will be in  loss. At that time, he also will have to pay the installment to repay the loan. In such a situation, if an emergency arises that requires a lot of money, he will be under a lot of pressure, then it will be seen that he will be forced to sell Bitcoin. So it is not right to invest by borrowing in any way. If you want to understand the details better, you can click on this link where an in-depth market analysis and explanation is provided.

I agree with you, Buying Bitcoin by borrowing is risky. Those who truly invest with a long-term plan to hold Bitcoin, thinking about the future, never buy Bitcoin by borrowing. It is very important for a person to have a prudent earning to start investing in Bitcoin, otherwise long-term investment will never be successful or can not be managed properly. Bitcoin can never make you rich in the short term, you must invest consistently with a long-term plan and wait for the right time, then big profits can be obtained from Bitcoin.

In Bitcoin investment, the decision to invest with debt is wrong in most cases, because Bitcoin is a long-term investment, when we can hold it for at least 4 years or 8 to 12 years, then we can expect significant success from it, now the thing is when you invest in Bitcoin with debt, in that case you have to think about how long time before you have to repay that debt, when we can decide to hold 2 cycles in Bitcoin investment, then we will have a good chance of success, but if you take a loan and invest, and you do not have a separate arrangement to repay that debt, and when the time comes to repay the debt, and at that time if Bitcoin does not give you significant success, then how will you repay your debt?  Then if you do not pay your loan then your interest will continue to increase, as a result you will be forced to sell your holdings at a loss, so we must keep these things in mind, since Bitcoin is a long-term investment, so we should never use that money in this long-term journey that we have to pay or need before our goal is achieved. The amount of money of you invest and that could disturb your financial peace during your investment journey, that money should not be used in any way in a long-term investment, especially if you do not have a separate source for this financial council, you invest a small amount, but still use money that you can hold for the long term without any obstacles.

The fact is , investing in Bitcoin with borrowed funds is not a wise decision because it is more of a long term strategy. Bitcoin requires time, patience, and composure, whereas debt entails pressure, deadlines, and interest. You will be stuck if you take out a loan in the hopes that the price of Bitcoin will increase quickly and it doesn't. You'll either have to sell at a loss or find it difficult to repay the debt. The entire concept of wise investing is destroyed by that kind of stress. Even if it's only a little sum, it's preferable to invest with money you won't need for a while. Consistency and mental tranquility are what count most. You can withstand fluctuations without becoming alarmed if your investment isn't linked to immediate financial requirements.

[Hardyrobust]

The fact is , investing in Bitcoin with borrowed funds is not a wise decision because it is more of a long term strategy. Bitcoin requires time, patience, and composure, whereas debt entails pressure, deadlines, and interest. You will be stuck if you take out a loan in the hopes that the price of Bitcoin will increase quickly and it doesn't. You'll either have to sell at a loss or find it difficult to repay the debt. The entire concept of wise investing is destroyed by that kind of stress. Even if it's only a little sum, it's preferable to invest with money you won't need for a while. Consistency and mental tranquility are what count most. You can withstand fluctuations without becoming alarmed if your investment isn't linked to immediate financial requirements.

Taking loan to invest in bitcoin is not totally a bad idea. It is only a bad idea when there is no other means of paying back the loan expect from our bitcoin investment. Investors can decide to take loan to exploit market opportunities especially when there isn't an available funds to do so with the hope of paying back from other sources of income other than his bitcoin investment. So it will be wrong for an investor to take loan with the mindset of paying back from the profit his bitcoin investment has yielded as this is a very big mistake owing to the nature of bitcoin as being volatile.