Balancing Financial security and Bitcoin Accumulation

[MainIbem]

Sometimes i try to think why people like fucking around with shitcoins they should learn from other people mistake who invested into shitcoins and everything went down some even committed sucide, DCA strategy is BTC investor that is hodling long and not for those investing in shitcoins.

Thats cause most people want quick money, they need quick fix to their financial crisis and can't be patient enough to wait for the period that Bitcoin investment requires before they take profits. Although there are people who are new to the digital currency space and would invest in shitcoins out of ignorance, thinking they're less expensive than Bitcoin but then there are people who are very knowledgeable about Bitcoin, they've watched it grow over time but their problem is just patience, they just can't wait cause they need "quick fix" like I said earlier.

[Padi24]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

It is basically the strength buying Bitcoin and HODL for Long term investment that is pushing them into making the wrong choice, or should I Said it's lack of patient?

Whatever the Case May be they all need to stop fucking around the crypto market/ or stop having this feeling or hope of getting rich soon through crypto investment as this can literally push them into developing the mindset of traders or maybe run into any of this shitcoin that has been left behind.

It surprises me when I see people making a big deal out of Bitcoin investment that doesn't even require much for one to get started. Just  a discretionary funds for a start and you're good to go, maybe Sooner our later you would start making preparation to set up your emergency funds and backup funds. But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

[NewRevelation]

[quote
But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

Surely, getting started is the deal, as you can build up your emergency funds and other back up funds as you keep investing. But let me clearly point out that building and/or setting up your emergency funds and other back ups funds does not just seem to take a very short time and/or very easy as you put it. Surely, it might take you a while lot of time since you will be using part of your discretionary income(money left over after taking care of basic needs) to set or build up these back up funds, and surely, some folks might take more time as your ability to build up these funds quickly also depends to an extent your level of income and/or discretionary income. Also put in mind that yuor emergency funds should also be built up to three months of your basic expenses. This could take a whole lot of time to build.

So building of back up funds is not something you just rush in and out, and you are done. It's a gradual process, but it's something you must do to ensure you are able to Hodl your investment for long. Proper allocation and management of income is needed to ensure this is done prudently

[Hardyrobust]

[quote
But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

Surely, getting started is the deal, as you can build up your emergency funds and other back up funds as you keep investing. But let me clearly point out that building and/or setting up your emergency funds and other back ups funds does not just seem to take a very short time and/or very easy as you put it. Surely, it might take you a while lot of time since you will be using part of your discretionary income(money left over after taking care of basic needs) to set or build up these back up funds, and surely, some folks might take more time as your ability to build up these funds quickly also depends to an extent your level of income and/or discretionary income. Also put in mind that yuor emergency funds should also be built up to three months of your basic expenses. This could take a whole lot of time to build.

So building of back up funds is not something you just rush in and out, and you are done. It's a gradual process, but it's something you must do to ensure you are able to Hodl your investment for long. Proper allocation and management of income is needed to ensure this is done prudently

The most important thing is to start first before we can talk of establishing a backup funds. Setting up a backup funds like emergency funds can take 3-6 months. So instead of delaying our investment in the.name of trying to establish a backup funds the best thing is to start investing and then we can still be working on building up an emergency funds while still going on with our plan of establishing an emergency funds .

[PhilosopherKing]

And again if they think that they can do without shitcoins it's always advisable they do it with not more than 10% of their income,

Honestly man even the investing of 10% of one's income into worthless shitcoin is a total waste of time and money. Shitcoin are not investment, instead they are rather bunch of junk coins and guys should stop fooling themselves and stay the hell away from shitcoin and focus on a consistently accumulating of bitcoin. Bitcoin is infact currently one of the best asset that we have which can guarantees a long term wealth if that investor is prepared to hold through various cycle.

[Bigjoe33]

And again if they think that they can do without shitcoins it's always advisable they do it with not more than 10% of their income,

Honestly man even the investing of 10% of one's income into worthless shitcoin is a total waste of time and money. Shitcoin are not investment, instead they are rather bunch of junk coins and guys should stop fooling themselves and stay the hell away from shitcoin and focus on a consistently accumulating of bitcoin. Bitcoin is infact currently one of the best asset that we have which can guarantees a long term wealth if that investor is prepared to hold through various cycle.

I quite understand the point of Umulala-alala, that if they can't do without shitcoins, then they can invest 10% of there income into it, since everyone has the right to what they want to do with there income. But I think 10% of there income will be too big to put into shitcoins which are not stable and not promising since they have no guarantee that if you Hodl for long, they would yield anything tangible. Some are just pump and dumb, or rather dump and dump. I think instead of 10% of there income, he meant and/or rather should say 10% of there Bitcoin investment amount can be used to do shitcoins/trading since some folks can't possibly stay out of trading/shitcoins.

This is not possibly encouraging trading, as I don't do trading and/or get involved in holding shitcoins. But those who are addicted to trading and seems like they cant do without it might sure find a way to Hold some shitcoins and still get involved in Bitcoin investment, which to me I see as a big distraction. Why not just focus on bitcoin investment which is a store of value and has proven that over the years buying consistently and then Hodling for long term, like 4-10 years or more. I would rather increase my DCAing amount instead of buying shitcoins and/or do trading.

[durg0319]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

I would have said it has to be a lack of reason that is the main reason why people still invest in shitcoins, but time and time again has made it obvious that the majority of people investing in shitcoins is because of the get-rich-quick mindset, which fuels ignorance and greed. Even current bitcoin investors diversify into shitcoins, believing bitcoin is there for long-term profit while they will get rich quickly in altcoins. Have you ever asked yourself why the majority of bitcoin investors are still waiting for the altcoin season to come?

The problem is the urge to make quick money that why most them jumps into altcoins without even trying to understand the risks behind it. This problem is not only about newbies, sometimes experienced investors do follow hype, hoping that they will see fast profits instead of them focusing on steady, long term strategies with more reliable assets like Bitcoin.

[gracreavix]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

I would have said it has to be a lack of reason that is the main reason why people still invest in shitcoins, but time and time again has made it obvious that the majority of people investing in shitcoins is because of the get-rich-quick mindset, which fuels ignorance and greed. Even current bitcoin investors diversify into shitcoins, believing bitcoin is there for long-term profit while they will get rich quickly in altcoins. Have you ever asked yourself why the majority of bitcoin investors are still waiting for the altcoin season to come?

The worst thing is that this is something people do not even like to admit.  Most times it is not really about strategy, it is just that desperation to hit that one lucky play and skip the whole patience process. And funny enough, that same mindset is why many of them never actually hold Bitcoin long enough to enjoy the real gains, they are too busy looking for shortcuts in places that empty their bags faster than they can refill them.

Even this whole shitcoin season is coming chant shows the mentality clearly. People want Bitcoin for safety but want shitcoins for miracles, and that contradiction alone already tells the full story.

[Futurexxx]

The worst thing is that this is something people do not even like to admit.  Most times it is not really about strategy, it is just that desperation to hit that one lucky play and skip the whole patience process. And funny enough, that same mindset is why many of them never actually hold Bitcoin long enough to enjoy the real gains, they are too busy looking for shortcuts in places that empty their bags faster than they can refill them.

Even this whole shitcoin season is coming chant shows the mentality clearly. People want Bitcoin for safety but want shitcoins for miracles, and that contradiction alone already tells the full story.

Investment in shit coin are gambling because the probability of losing your hard earned money is way more higher than your chances of making a fortune in it, so they should not be seen as an investment but as gambling.
Additionally, greed and people's quest for quick money is what have drive most Bitcoin investor towards shit coin because they just want to become a millionaire overnight without following the due process as you have rightfully said. So this is what we should abstain from if we want to invest in Bitcoin safely and be profitable in the future because with Bitcoin investment, we can actually build a generational wealth overtime if we can accumulate a huge stash of Bitcoin and hold for more than three circles

[The Founding Titan]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run,

Are you trying to say that you don't know why people gamble on shit coin?
If you truly don't know, the are two reasons they do that, the first one is ignorance. Newbies are the ones that falls into this category, they just invest blindly thinking that they are doing the right thing. It's when they have lost halves or even all of their money that they will learn the hard way.

The second reason is greed, you will see someone gambling with a huge amount of money because of greed for 10x to 50x, and at the end, they will start feeling regret. And the most hilarious thing about those greedy investors is that they knows how dangerous it is, but greed will cover their sense of reasoning to the extent of risking an amount they can't afford to lose, but the good thing is that majority of these people learn the hard way.

I understand that newbies can make mistakes, it's natural for a person who doesn't fully understand how the market works to make mistakes and end up in unexpected situations but we can't fully blame them for that, if they hade received better instructions from the right source on what to do them some of them wouldn't be making the mistakes they make, plus sometimes it takes experience to actually understand something so that mistake is also a part of their learning process, it becomes a problem if they let that mistake keep repeating itself with improvement on their part, refusal to grow is a one way ticket to not succeed in investment.

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

I would have said it has to be a lack of reason that is the main reason why people still invest in shitcoins, but time and time again has made it obvious that the majority of people investing in shitcoins is because of the get-rich-quick mindset, which fuels ignorance and greed. Even current bitcoin investors diversify into shitcoins, believing bitcoin is there for long-term profit while they will get rich quickly in altcoins. Have you ever asked yourself why the majority of bitcoin investors are still waiting for the altcoin season to come?

You are right, most people are blinded by their greed to immediately get rich that they fail to properly consider how they are planning to get this wealth, they take the success stories of others too seriously without even considering the pain that came before these stories, they are more interested in the results than in the process that lead to that result, if they only understood that wealth rarely comes this way then they would make better life decisions, that said some people will still invest in shitcoins knowing that they would most likely lose everything, they are so desperate to prove that they are a part of the 1% that make it big from shitcoins that they end of losing everything to it, rather than take such unnecessary risk the best thing to do is to invest in something better, bitcoin fits this role and has proven to be a better alternative to all the shitcoins out there.

[Qhunman]

[quote
But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

Surely, getting started is the deal, as you can build up your emergency funds and other back up funds as you keep investing. But let me clearly point out that building and/or setting up your emergency funds and other back ups funds does not just seem to take a very short time and/or very easy as you put it. Surely, it might take you a while lot of time since you will be using part of your discretionary income(money left over after taking care of basic needs) to set or build up these back up funds, and surely, some folks might take more time as your ability to build up these funds quickly also depends to an extent your level of income and/or discretionary income. Also put in mind that yuor emergency funds should also be built up to three months of your basic expenses. This could take a whole lot of time to build.

So building of back up funds is not something you just rush in and out, and you are done. It's a gradual process, but it's something you must do to ensure you are able to Hodl your investment for long. Proper allocation and management of income is needed to ensure this is done prudently

The most important thing is to start first before we can talk of establishing a backup funds. Setting up a backup funds like emergency funds can take 3-6 months. So instead of delaying our investment in the.name of trying to establish a backup funds the best thing is to start investing and then we can still be working on building up an emergency funds while still going on with our plan of establishing an emergency funds .

If an investor starts building his Bitcoin portfolio without an Emergency funds it appear he is gambling with his Bitcoin portfolio. An emergency fund acts as a Safety Nets for his bitcoin portfolio against any unforeseen circumstances. For this reason, his emergency funds shouldn't come later rather it should be build alongside with his Bitcoin investment,this way he wouldn't be force to sell his Bitcoin portfolio if caught in an Emergency situation.

[cxtreenal]

[quote
But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

Surely, getting started is the deal, as you can build up your emergency funds and other back up funds as you keep investing. But let me clearly point out that building and/or setting up your emergency funds and other back ups funds does not just seem to take a very short time and/or very easy as you put it. Surely, it might take you a while lot of time since you will be using part of your discretionary income(money left over after taking care of basic needs) to set or build up these back up funds, and surely, some folks might take more time as your ability to build up these funds quickly also depends to an extent your level of income and/or discretionary income. Also put in mind that yuor emergency funds should also be built up to three months of your basic expenses. This could take a whole lot of time to build.

So building of back up funds is not something you just rush in and out, and you are done. It's a gradual process, but it's something you must do to ensure you are able to Hodl your investment for long. Proper allocation and management of income is needed to ensure this is done prudently

The most important thing is to start first before we can talk of establishing a backup funds. Setting up a backup funds like emergency funds can take 3-6 months. So instead of delaying our investment in the.name of trying to establish a backup funds the best thing is to start investing and then we can still be working on building up an emergency funds while still going on with our plan of establishing an emergency funds .

If an investor starts building his Bitcoin portfolio without an Emergency funds it appear he is gambling with his Bitcoin portfolio. An emergency fund acts as a Safety Nets for his bitcoin portfolio against any unforeseen circumstances. For this reason, his emergency funds shouldn't come later rather it should be build alongside with his Bitcoin investment,this way he wouldn't be force to sell his Bitcoin portfolio if caught in an Emergency situation.

Bitcoin is currently going through a period of decline in its value. If an investor wants to buy Bitcoin at this low price, they can start without an emergency fund. I think you will not need an emergency fund the moment you start saving Bitcoin. Starting Bitcoin is a big challenge for new investors because they have to select a wallet and acquire technical knowledge to build a portfolio. Many may have limited money to invest but they want to become bitcoiners. If you wait for an emergency fund you may not get the current deep price. In my opinion you should start accumulation Bitcoin initially if have a discretionary income stream. Building an emergency fund is necessary for long term investment management but building this fund gradually over the course of accumulation Bitcoin will reduce the financial stress.

[Umulala-alala]

And again if they think that they can do without shitcoins it's always advisable they do it with not more than 10% of their income,

Bitcoin is infact currently one of the best asset that we have which can guarantees a long term wealth if that investor is prepared to hold through various cycle.

If BTC investment can guarantee us a long term wealth why then do we say that bitcoin investment is not risk free if it guarantee success in a long term why do they panic when the price is getting low if bitcoin is also guarantee to be much profitable we wouldn't have be buying with our discretionary income but with any money we have knowing full well that you will be become a billionaire investing in BTC. The truth is that BTC investment doesn't guarantee us wealth that's why we should invest with our discretionary income incase your plans of becoming wealthy through your bitcoin investment didn't work.
Newbies might go in with all they have believing that bitcoin will guarantee him success in the future, nothing way dey guarantee for the market.

[Merit.s]

Bitcoin is currently going through a period of decline in its value. If an investor wants to buy Bitcoin at this low price, they can start without an emergency fund. I think you will not need an emergency fund the moment you start saving Bitcoin. Starting Bitcoin is a big challenge for new investors because they have to select a wallet and acquire technical knowledge to build a portfolio. Many may have limited money to invest but they want to become bitcoiners. If you wait for an emergency fund you may not get the current deep price. In my opinion you should start accumulation Bitcoin initially if have a discretionary income stream. Building an emergency fund is necessary for long term investment management but building this fund gradually over the course of accumulation Bitcoin will reduce the financial stress.

Starting Bitcoin is a big challenge for new investors because they have to select a wallet and acquire technical knowledge to build a portfolio.

Don't make it look as if starting bitcoin investment is a big challenge for newbies so that they don't get discouraged. A brand newbie only needs the basic knowledge of bitcoin and to figure out his discretionary income in order for him to get started.

As a newbie, you don't need to have the technical knowledge of wallets before you can get started because it can be very complicated for someone who isn't a tech savvy. After you have started your bitcoin investment, you can choose whatever wallet is suitable for you to store you funds after you have gained more knowledge on securing your funds as you are investing, increasing your bitcoin portfolio and learning at the same time.

You don't need any technical knowledge to build your portfolio, you only need your discretionary income and use DCA method to accumulate bitcoin for 4-10 years and above consistently and persistently.

[Yorubek]

As a newbie, you don't need to have the technical knowledge of wallets before you can get started because it can be very complicated for someone who isn't a tech savvy. After you have started your bitcoin investment, you can choose whatever wallet is suitable for you to store you funds after you have gained more knowledge on securing your funds as you are investing, increasing your bitcoin portfolio and learning at the same time.

You don't need any technical knowledge to build your portfolio, you only need your discretionary income and use DCA method to accumulate bitcoin for 4-10 years and above consistently and persistently.

Of course, a new person does not need to have much knowledge about Bitcoin to start investing, it is very important for person to have a basic perspective and start investing with prudent money. In addition to managing Bitcoin investments, an investor can gradually gain specific knowledge about Bitcoin and increase his confidence and be more aware of the cash to buy Bitcoin. When a person buys small amounts of Bitcoin and holds Bitcoin with confidence for the long term, he will definitely succeed.

The DCA method can be used by any investor, but I think the DCA method is more effective for beginners because by using the DCA method the investor does not have to monitor the market. regular purchasing small amounts of Bitcoin, investment risk is reduced and Holding for the long term can protect against inflation and expect large gains.

[Sticky Bomb]

If an investor starts building his Bitcoin portfolio without an Emergency funds it appear he is gambling with his Bitcoin portfolio. An emergency fund acts as a Safety Nets for his bitcoin portfolio against any unforeseen circumstances. For this reason, his emergency funds shouldn't come later rather it should be build alongside with his Bitcoin investment,this way he wouldn't be force to sell his Bitcoin portfolio if caught in an Emergency situation.

For a start, it's not compulsory that an investor has emergency funds in place before buying his first Bitcoin, he can continue building out emergency fund and other backup funds as he continues accumulating Bitcoin. Delaying your investment into Bitcoin because you want to build out your emergency fund first is not a good practice and may result to some unnecessary time wastage when you should've started and gone far in your accumulating Bitcoin. It's only a good decision to get started first and continue building your emergency fund alongside your accumulating Bitcoin.

Building emergency fund for the purpose of protecting your Bitcoin portfolio without actually buying Bitcoin would result to misplaced priorities because you're only stacking up Fiat as emergency fund while it's not performing the task it's supposed to since there's no portfolio of Bitcoin concurrently and let me remind you that the funds you kept stacking as emergency fund is still subject to depreciation inherent to fiat. It's a better decision to put some of those funds into Bitcoin immediately to safeguard some of those funds from losing value and consistently build out a nice Bitcoin portfolio for yourself while going for a long-term holding period( 4-10 years or more) and continuing to build out your backup funds side by side with it.

[NewRevelation]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail

The reason is simple, they want to make quick gains, like a trader that they are, buy today, sell tomorrow and make gain. Very funny how good it sounds but very deadly, decieving and full of pains and regress, and that's why it's more advisable we stick to Bitcoin investment, were we simply acquire Bitcoin slowly from your discretionary income using the DCA strategy for long term while Hodling that which you have accumulated.

Perhaps, it is more advisable to invest in Bitcoin rather than do trading or invest in shitcoins as the quick gains gotten from trading now cannot be compared to the future gains of bitcoin is you bought now, and/or is buying and now and Hodl for long term. So a bitcoin enthusiastic person shouldn't and/or wouldn't be carried away or decieved by what we see now, and then forgetting abouth the future of bitcoin and what it offers if we Hodl patiently. Though bitcoin is risky and has no guarantee of enough to wins in the nearest future, but following records history, Bitcoin is a store of value and has proven that over and over again. Don't trade, buy now, keep Hodling.

[Nightwatchmare]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

It is basically the strength buying Bitcoin and HODL for Long term investment that is pushing them into making the wrong choice, or should I Said it's lack of patient?

Whatever the Case May be they all need to stop fucking around the crypto market/ or stop having this feeling or hope of getting rich soon through crypto investment as this can literally push them into developing the mindset of traders or maybe run into any of this shitcoin that has been left behind.

It surprises me when I see people making a big deal out of Bitcoin investment that doesn't even require much for one to get started. Just  a discretionary funds for a start and you're good to go, maybe Sooner our later you would start making preparation to set up your emergency funds and backup funds. But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

I think what is making people still have their eyes on shitcoins is because they are looking for where they can use a little amount of money and get rich overnight, but they do not know that shitcoins will only make them lose their money. If you set up emergency funds or backup funds without getting started with Bitcoin investment, the emergency funds or backup funds will be absolutely useless because you will not make use of the emergency funds or backup funds. Getting started in Bitcoin investment is the best thing potential Bitcoin investors should do since they can gradually build their emergency funds or backup funds as they are investing in Bitcoin.

[abaeze]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

It is basically the strength buying Bitcoin and HODL for Long term investment that is pushing them into making the wrong choice, or should I Said it's lack of patient?

Whatever the Case May be they all need to stop fucking around the crypto market/ or stop having this feeling or hope of getting rich soon through crypto investment as this can literally push them into developing the mindset of traders or maybe run into any of this shitcoin that has been left behind.

It surprises me when I see people making a big deal out of Bitcoin investment that doesn't even require much for one to get started. Just  a discretionary funds for a start and you're good to go, maybe Sooner our later you would start making preparation to set up your emergency funds and backup funds. But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

I think what is making people still have their eyes on shitcoins is because they are looking for where they can use a little amount of money and get rich overnight, but they do not know that shitcoins will only make them lose their money. If you set up emergency funds or backup funds without getting started with Bitcoin investment, the emergency funds or backup funds will be absolutely useless because you will not make use of the emergency funds or backup funds. Getting started in Bitcoin investment is the best thing potential Bitcoin investors should do since they can gradually build their emergency funds or backup funds as they are investing in Bitcoin.

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

[Bigjoe33]

Of course, a new person does not need to have much knowledge about Bitcoin to start investing, it is very important for person to have a basic perspective and start investing with prudent money. In addition to managing Bitcoin investments, an investor can gradually gain specific knowledge about Bitcoin and increase his confidence and be more aware of the cash to buy Bitcoin.
.

Getting started breaks the ice bag and steps you to a place of a whole lot of knowledge. There are things you would learn personally as experience will also play a major role to educating you more about how best you can run your bitcoin investment. I want to look at time here as an important tool or commodity. A newbie who started bitcoin investment just needs time to know his way round the investment. This encompasses his knowledge about proper income allocation and management, building effectively his emergency funds and other back up funds, his amount of weekly DCAing and so on. As time goes on, he would be able to strike a balance on how much best should accumulated weekly Which suits his income and how to strike a balance with other needs and then grow even.

All these can't not be known without starting.  So the fear of starting can really deprive the potential investor of all these knowledge. If the investor if sure interested, and is able to figure out his discretionary income, with the volatility of Bitcoin in mind,  he can begin immediately, as experience and time will expose him betterly to adjust and help him take better decisions as to the growth and sustainability of his assets, offcourse, Hodling for long