Balancing Financial security and Bitcoin Accumulation

[gracreavix]

You are right, but  having basic knowledge  alone about Bitcoin isn't enough. You as an investor still need to build your mind, emotions, discipline. because having knowledge might not still protect you  from making bad moves, especially when market is not in a favorable condition, then emotions start jumping which lead to panicking and selling at loss. So if someone can possess those qualities and the knowledge about Bitcoin it will be easier to control themselves during those bearish moments, and holding term becomes way easier.

Knowledge alone is not enough for a successful Bitcoin investor and also to be a successful investor because there is a big difference between theoretical and practical. The mindset that one has after investing in Bitcoin is not the same mindset that one has before investing. Therefore, knowledge and morale, these two powerful things, come together to build complete investment skills through long-term investment. It is important to know what Bitcoin, blockchain, halving are and how they work, but these are technical knowledge. The biggest reason for losing money is psychological mistakes, so using all this technical knowledge, practical knowledge, psychological strength and the will and strength to deal with bad market conditions gradually makes you a complete investor.

I frequently like to proclaim that if you are able to put your finances in a good order, then you will end up putting yourself in a much stronger psychological position, including your self-esteem will go to quite high levels, too.

Of course, it can be helpful to already have some basic level of common sense, yet I doubt that it needs to be high levels, just perhaps desires to improve yourself.

I am not sure if technical knowledge is needed in advance, since I get the sense that technical knowledge can be learned, even though surely we can recognize that there are folks who naturally come to the world with higher levels of technical knowledge, yet those high levels of technical knowledge are not needed in order to build a bitcoin investment. 

To get started in bitcoin, merely common sense and a willingness to learn and improve are required in order to get started, and the rest can be built, including that if we put ourselves in a good organizational place our psychology will improve, yet we might also be inspired to improve and continue to improve.

True, because people tend to overcomplicate Bitcoin as if it requires some huge technical background, but it really does not. Once you are able to manage your finances properly, your confidence and mindset naturally get stronger, and that alone makes the whole process easier.

To start with Bitcoin, you don’t need advanced skills, just basic common sense and the willingness to learn. Everything else can be learned step by step. And the more organized you are, the better you feel mentally, which then motivates you to keep improving.

[durg0319]

The truth is, this path is not as easy as we think.. There are moments that will test your confidence. If someone is not mentally ready or financially stable enough to hold through all of that, then Bitcoin can feel very tiring to them..

But if you understand it, and you are prepared to stay committed for years, that is when it actually makes sense. Long term holders are the ones who end up benefiting, not the people who jump in today and hope to cash out next week..

In as much as financial stability can make you Hodl your bitcoin for longer periods, but it does not guarantee a long lasting investment because there are people who have enough incoybut fail to plan and do a proper income allocation and management plans, and the end up wasting there money on unnecessary things, and at the end of the day might not be able to still Hodl there BTC.

Aside your discipline and determination to HODL, one major thing that helps you to Hodl for long is your back up funds. An inceywho has enough discretionary but fails to build up his emergency funds and other back up funds might still end up loosing his BTC to sudden sells which may be in loss. So every strength of an investment is his back up funds, and investors must not joke with this. The backup funds must be built and also made readily available(emergency funds) so that you can easily access it when needed. So character and discipline might be good, but not enough to help you Hodl your BTC for long. You must build your emergency funds and other back up funds

True resilience in crypto doesn't come holding alone rather it  when you plan beyond. In some cases, even the discipline investors might be forced to sell without a safety net. If you can prioritize your emergency funds, back and reserve funds. It prevents you selling your BTC for some basic needs rather is by allowing it to grow uninterrupted.

[Umulala-alala]

The truth is, this path is not as easy as we think.. There are moments that will test your confidence. If someone is not mentally ready or financially stable enough to hold through all of that, then Bitcoin can feel very tiring to them..

But if you understand it, and you are prepared to stay committed for years, that is when it actually makes sense. Long term holders are the ones who end up benefiting, not the people who jump in today and hope to cash out next week..

In as much as financial stability can make you Hodl your bitcoin for longer periods, but it does not guarantee a long lasting investment because there are people who have enough incoybut fail to plan and do a proper income allocation and management plans, and the end up wasting there money on unnecessary things, and at the end of the day might not be able to still Hodl there BTC.

Aside your discipline and determination to HODL, one major thing that helps you to Hodl for long is your back up funds. An inceywho has enough discretionary but fails to build up his emergency funds and other back up funds might still end up loosing his BTC to sudden sells which may be in loss. So every strength of an investment is his back up funds, and investors must not joke with this. The backup funds must be built and also made readily available(emergency funds) so that you can easily access it when needed. So character and discipline might be good, but not enough to help you Hodl your BTC for long. You must build your emergency funds and other back up funds

True resilience in crypto doesn't come holding alone rather it  when you plan beyond. In some cases, even the discipline investors might be forced to sell without a safety net. If you can prioritize your emergency funds, back and reserve funds. It prevents you selling your BTC for some basic needs rather is by allowing it to grow uninterrupted.

Where you even expected to buy shitcoin or hodling shitcoin for long? From your forum registration you are still new here so let me get you corrected you don't use crypto when making an emphasis since we have other scam investment in crypto so you can either say bitcoin or Altcoin or shitcoin this is to make you explanation more readable and understandable so that other newbies like you won't think that BTC and shitcoins are thesame because you made mention of crypto instead of just to be specific by saying bitcoin or shitcoin and not crypto.

[Mr_Brilliant$]

I personally don't recommend trading and/or gambling with bitcoin... so there is a need for discretionary income to invest in bitcoin.

The biggest thing is that if a person does not have a certain amount of extra money in his hand, then he should not invest in Bitcoin because investment means money that will not be at risk if lost. Until someone is sure that some money will survive after his regular expenses, he cannot start investing or should not invest in anything new.

I feel having extra cash in hand is not even the real parameter for investing in Bitcoin…. What actually matters is having a steady flow of income..  When you have consistent earnings, you can take a portion of your discretionary income, the money that is not tied to your essential bills,  and put that into Bitcoin regularly..

Just having some random leftover cash sounds more like taking part from everything you have and throwing it into Bitcoin once in a while. But investing properly means building a system where a small, manageable part of what you earn maybe every week or month goes into your Bitcoin stack..

[Abelly]

I personally don't recommend trading and/or gambling with bitcoin... so there is a need for discretionary income to invest in bitcoin.

The biggest thing is that if a person does not have a certain amount of extra money in his hand, then he should not invest in Bitcoin because investment means money that will not be at risk if lost. Until someone is sure that some money will survive after his regular expenses, he cannot start investing or should not invest in anything new.

I feel having extra cash in hand is not even the real parameter for investing in Bitcoin…. What actually matters is having a steady flow of income..  When you have consistent earnings, you can take a portion of your discretionary income, the money that is not tied to your essential bills,  and put that into Bitcoin regularly..

Just having some random leftover cash sounds more like taking part from everything you have and throwing it into Bitcoin once in a while. But investing properly means building a system where a small, manageable part of what you earn maybe every week or month goes into your Bitcoin stack..

Buying BTC with the extra cash you have is not an investment, this is where most beginners make the mistake. They think they have money in hand, so let's buy some Bitcoin today, but it's not an investment, it's just a random shot. When your income is stable, you can create a sustainable system for yourself where a small, stress free portion of your income goes into BTC every week or month.

So the real issue is not how much money you have, but how stable your cash flow is and how much you can consistently allocate from that flow. And the problem with investing with the extra cash you suddenly have is that it is irregular and FOMO driven. This creates a situation where you don't have a plan, you just have to try when the opportunity arises. Anyone who can consistently put a small portion into BTC, no matter how small their income is, will eventually build a big stack!

[Sim_card]

I feel having extra cash in hand is not even the real parameter for investing in Bitcoin…. What actually matters is having a steady flow of income..  When you have consistent earnings, you can take a portion of your discretionary income, the money that is not tied to your essential bills,  and put that into Bitcoin regularly..

Just having some random leftover cash sounds more like taking part from everything you have and throwing it into Bitcoin once in a while. But investing properly means building a system where a small, manageable part of what you earn maybe every week or month goes into your Bitcoin stack..

Having a steady flow of income doesn't mean that you have a discretionary income and I believe that it's our extra cash that's the best to use in buying bitcoin. I have seen people with steady income but they fund it difficult to invest because their income can barely take care of their monthly expenses and basic needs.

There are some people who don't have a steady flow of income but they do have discretionary income are you saying that they shouldn't bother investing till they have a stable income, that's misleading. Even if your discretionary income is not regular, buy when it's available and gradually, you are adding to it little by little while, you look for other means to increase your income and get a regular discretionary income which will enable invest with DCA consistently and persistently for 4-10 years and above.

You have to start from somewhere, instead of waiting or been discouraged because you don't have a regular discretionary income. A gambler can win a jackpot and keep his DCA ongoing weekly with his money. A contractor can also invest into bitcoin regularly even though, his contract is once in six months. When he gets paid, he brings out his discretionary income and spread them over the weeks or frontload his bitcoin investment. Just don't remain a no coiner and work towards the consistency of your DCA to increase your bitcoin portfolio regularly.

A low coiner is better than a no coiner.

[Proty]

I personally don't recommend trading and/or gambling with bitcoin... so there is a need for discretionary income to invest in bitcoin.

The biggest thing is that if a person does not have a certain amount of extra money in his hand, then he should not invest in Bitcoin because investment means money that will not be at risk if lost. Until someone is sure that some money will survive after his regular expenses, he cannot start investing or should not invest in anything new.

I feel having extra cash in hand is not even the real parameter for investing in Bitcoin…. What actually matters is having a steady flow of income..  When you have consistent earnings, you can take a portion of your discretionary income, the money that is not tied to your essential bills,  and put that into Bitcoin regularly..

Just having some random leftover cash sounds more like taking part from everything you have and throwing it into Bitcoin once in a while. But investing properly means building a system where a small, manageable part of what you earn maybe every week or month goes into your Bitcoin stack..

Buying BTC with the extra cash you have is not an investment, this is where most beginners make the mistake. They think they have money in hand, so let's buy some Bitcoin today, but it's not an investment, it's just a random shot. When your income is stable, you can create a sustainable system for yourself where a small, stress free portion of your income goes into BTC every week or month.

So the real issue is not how much money you have, but how stable your cash flow is and how much you can consistently allocate from that flow. And the problem with investing with the extra cash you suddenly have is that it is irregular and FOMO driven. This creates a situation where you don't have a plan, you just have to try when the opportunity arises. Anyone who can consistently put a small portion into BTC, no matter how small their income is, will eventually build a big stack!

buying bitcoin with extra cash is investment. Infact most person prefer using extra cash to DCA since they won't be needing this money for any essential there won't be any pressure to sell . For those that are into bitcoin for long term it is more good if they used extra cash as this will make them to hold for long term. You maybe using discretionary income to buy bitcoin but that doesn't mean if an Extra cash arises that it will be bad to used it to buy bitcoin.

[Bigjoe33]

I personally don't recommend trading and/or gambling with bitcoin... so there is a need for discretionary income to invest in bitcoin.

The biggest thing is that if a person does not have a certain amount of extra money in his hand, then he should not invest in Bitcoin because investment means money that will not be at risk if lost. Until someone is sure that some money will survive after his regular expenses, he cannot start investing or should not invest in anything new. Buying Bitcoin with some money once is not the same thing as investing in Bitcoin.

And that's why the emphasis of investing in bitcoin is on the use of your discretionary income, yea. By this, you are sure that you have settled your basic needs or necessities, and then the left over money which is now your discretionary is what you use for the investment. Since you have settled all this, then investment becomes a but relaxed and moderated while you also learn more am Skool for modernities that bstt suits you and/or fits your cash flow. Offcourse, investment shouldn't be made just from our salaries, but it should albe after proper income allocation and then having your discretionary income

[KawasakiNinja1_]

Hello community, Coming here through my Nigerian friend, I first tried to learn the rules in the Beginner and Help thread where everyone helped. Just like this particular thread my friend said that a lot of knowledge about Bitcoin investing is spread here,Which is taught in a way that is easy for beginners to digest.

However, from the new situation I have learned that there is no fixed time for investing in Bitcoin,Once it starts, it continues for everyone but what is the purpose of this investment strategy and what could be the minimum retention period??Tell me.

[PhilosopherKing]

Hello community, Coming here through my Nigerian friend, I first tried to learn the rules in the Beginner and Help thread where everyone helped. Just like this particular thread my friend said that a lot of knowledge about Bitcoin investing is spread here,Which is taught in a way that is easy for beginners to digest.

However, from the new situation I have learned that there is no fixed time for investing in Bitcoin,Once it starts, it continues for everyone but what is the purpose of this investment strategy and what could be the minimum retention period??Tell me.

Welcome, you are in  right place. Speaking of Bitcoin there really isn't a fixed or an official time to start, once you have you discretionary income to invest you can start right away. Don't waste time at all trying to understand everything about Bitcoin in a single day, neither should you delay your investments simply because you are trying to get  your a income in order. The result of all this is simply you delaying your investments. So Start with the amount of discretionary income you have and as time goes on,  you can increase it.

And as for the minimum retention period, that should be a personal choice, some people may decide to hold Bitcoin for 20 years, 27 years while some other may hold for longer time. But don't you ever be dumb to trade bitcoin or to even think that  Bitcoin investment is a lottery or a fast money scheme that you profit from immediately after investing. Don't you also fuck around with chasing short term gain. If you really want to see the reward and real results in Bitcoin be mentally prepared to hold Bitcoin for a cycle (4 years) and more.

Since you are just starting Bitcoin you should not be stressing about timing the market, so focus on DCA strategy, which means that you will consistently buying your Bitcoin irrespective of if the price is low or high. With DCA everytime is a good time to buy

[Olatundespo]

Hello community, Coming here through my Nigerian friend, I first tried to learn the rules in the Beginner and Help thread where everyone helped. Just like this particular thread my friend said that a lot of knowledge about Bitcoin investing is spread here,Which is taught in a way that is easy for beginners to digest.

However, from the new situation I have learned that there is no fixed time for investing in Bitcoin,Once it starts, it continues for everyone but what is the purpose of this investment strategy and what could be the minimum retention period??Tell me.

Welcome to the Bitcoin Forum. It is commendable that you have realized that there is no fixed time for investing in Bitcoin. You are learning about the rules of the forum and I would suggest you to learn more and spend time in the forum. An interest in learning the basics of Bitcoin will help you become an expert in investing. Develop the habit of accumulation Bitcoin using the DCA method during the initial knowledge and learning period about Bitcoin.

You want to know about the purpose of the Bitcoin investment strategy and the minimum holding period.

Use the DCA strategy for investing in Bitcoin because this method recommends you to accumulate Bitcoin for the long term regardless of the price. Long term means you are advised to accumulation Bitcoin for multiple cycles. A cycle is 4 years, so you should accumulate Bitcoin for 4-10 years.

[Sticky Bomb]

Hello community, Coming here through my Nigerian friend, I first tried to learn the rules in the Beginner and Help thread where everyone helped. Just like this particular thread my friend said that a lot of knowledge about Bitcoin investing is spread here,Which is taught in a way that is easy for beginners to digest.

However, from the new situation I have learned that there is no fixed time for investing in Bitcoin, Once it starts, it continues for everyone but what is the purpose of this investment strategy and what could be the minimum retention period??Tell me.

Welcome, firstly bitcoin investment is a personal thing, so this bolded statement is wrong, it is a personal decision to start investing into bitcoin which you must be sure to have discretionary income first(which is money remaining after taking care of your expenses) and periodically when the discretionary income becomes available, you have to invest some percentage of this money into bitcoin and still keep some percentage for building out backup funds (e.g emergency fund and others) and floating cash alongside your buying bitcoin so that if you run into a difficult financial situation or an emergency you don't tamper your portfolio at a time that you didn't choose yourself. the consistent periodic buys is known as DCA strategy of accumulating bitcoin

Minimum retention period is completely of your own choosing too, it is recommended to go long-term in bitcoin (4-10 years) or more as much as you can go while you continue buying periodically to enlarge your portfolio within this period. Your holding period can be influenced by various factors which is age, health e.t.c. If you're still very young and strong, you can go for a longer holding period, maybe 20 years or more. The longer you can hold, the better chances you've in enjoying better profits in bitcoin.

[Silikiem]

Hello community, Coming here through my Nigerian friend, I first tried to learn the rules in the Beginner and Help thread where everyone helped. Just like this particular thread my friend said that a lot of knowledge about Bitcoin investing is spread here,Which is taught in a way that is easy for beginners to digest.

However, from the new situation I have learned that there is no fixed time for investing in Bitcoin,Once it starts, it continues for everyone but what is the purpose of this investment strategy and what could be the minimum retention period??Tell me.

You’re welcome, i think you should start now by figuring a discretionary income to get started with accumulation of bitcoin first because that’s the most important thing to do as far as bitcoin investment is concerned. All what you need is to get a discretionary income and start accumulating bitcoin using the DCA method of accumulation either on a weekly or monthly basis depending on when you’re able to get a discretionary income.  Bitcoin is a long term investment, so don’t worry about how long or the retention period, just know that the purpose or aim of this investment just like you’ve asked is to invest for the long term purpose of consistently or perhaps persistent accumulation of bitcoin and hold for the long term goal. Along the line as you’re accumulating bitcoin also try to be build up an emergency fund for your bitcoin investment so you don’t have to sell your bitcoin too early when in an emergency situation that requires cash. As time goes on while you’re accumulating bitcoin and hold for the long term aim you’ll be able to learn more from your experience and also make some important decision regarding your investment.

[Justbillywitt]

Too much knowledge is bad, starting with the basic knowledge is the right way to approach Bitcoin.

In as much as I don't encourage prospective investors on waiting to learn everything about bitcoin before kick stating their investment journey. But we have to know when to draw the line in what we dish out in public domains. I am talking in respect to your statement I highlighted above were you said too much knowledge is bad. As a scholar I don't agree with you on this and I find it misleading. As much as I know it is generally believed that "No knowledge is a waste" and this is more acceptable to me than saying that too much knowledge is bad. Knowledge makes you become aware of yourself and it shapes you be more informed achieve self realization and makes you more aware of your environment. No amount of knowledge should be considered as bad.

[Tmoonz]

Too much knowledge is bad, starting with the basic knowledge is the right way to approach Bitcoin.

In as much as I don't encourage prospective investors on waiting to learn everything about bitcoin before kick stating their investment journey. But we have to know when to draw the line in what we dish out in public domains. I am talking in respect to your statement I highlighted above were you said too much knowledge is bad. As a scholar I don't agree with you on this and I find it misleading. As much as I know it is generally believed that "No knowledge is a waste" and this is more acceptable to me than saying that too much knowledge is bad. Knowledge makes you become aware of yourself and it shapes you be more informed achieve self realization and makes you more aware of your environment. No amount of knowledge should be considered as bad.

I agree with you no level of knowledge should be considered too or bad, it sounds too awkward to say that too much knowledge is bad, if anyone is saying that too much knowledge is bad then he should try ignorance, generally anyone can get as much knowledge as they can without limitations but in Bitcoin investment what we are saying is that basic knowledge is good enough to start up our Bitcoin investment because knowledge about is deep and no one can get enough of it which we know but that is not enough reason to say that getting too much knowledge is bad.

[Cryptoprincess101]

Too much knowledge is bad, starting with the basic knowledge is the right way to approach Bitcoin.

In as much as I don't encourage prospective investors on waiting to learn everything about bitcoin before kick stating their investment journey. But we have to know when to draw the line in what we dish out in public domains. I am talking in respect to your statement I highlighted above were you said too much knowledge is bad. As a scholar I don't agree with you on this and I find it misleading. As much as I know it is generally believed that "No knowledge is a waste" and this is more acceptable to me than saying that too much knowledge is bad. Knowledge makes you become aware of yourself and it shapes you be more informed achieve self realization and makes you more aware of your environment. No amount of knowledge should be considered as bad.

I think that @Qhunman probably wanted to say that waiting to have too much knowledge before investing in bitcoin is bad, but just like you said, there is no limit to knowledge and it isn't also bad if someone wants to know so much before investing in bitcoin, the only reason why we mostly say that it is not good to acquire too much knowledge is because of the time it will take which by the time you might want to start investing, the price of bitcoin must have gone high. That notwithstanding, everyone has the freedom of choice to either wait till they have gotten the level of knowledge they want or just start as soon as they have gotten the basic knowledge. Bitcoin is a big project, and it is not possible to learn everything about it at once, so we learn more in the process of investing.

[Cossyblack]

[buying bitcoin with extra cash is investment. Infact most person prefer using extra cash to DCA since they won't be needing this money for any essential there won't be any pressure to sell . For those that are into bitcoin for long term it is more good if they used extra cash as this will make them to hold for long term. You maybe using discretionary income to buy bitcoin but that doesn't mean if an Extra cash arises that it will be bad to used it to buy bitcoin.

In additional to what you have said, investing with a Discretional income would help an investor to Hodl onto their Bitcoin investment longer without the pressure to sell since it is money they do not intend using.  Real life Emergency is something we should prepared  for as it can happen anytime as it may pressure an investor to sell their Bitcoin holdings. Therefore, investors should ensure they have an emergency funds in place to protect their Bitcoin holdings incase of unplanned occurrences.

[Ninja Primes]

I personally don't recommend trading and/or gambling with bitcoin... so there is a need for discretionary income to invest in bitcoin.

The biggest thing is that if a person does not have a certain amount of extra money in his hand, then he should not invest in Bitcoin because investment means money that will not be at risk if lost. Until someone is sure that some money will survive after his regular expenses, he cannot start investing or should not invest in anything new. Buying Bitcoin with some money once is not the same thing as investing in Bitcoin.

And that's why the emphasis of investing in bitcoin is on the use of your discretionary income, yea. By this, you are sure that you have settled your basic needs or necessities, and then the left over money which is now your discretionary is what you use for the investment. Since you have settled all this, then investment becomes a but relaxed and moderated while you also learn more am Skool for modernities that bstt suits you and/or fits your cash flow. Offcourse, investment shouldn't be made just from our salaries, but it should albe after proper income allocation and then having your discretionary income

It is most reasonable to invest through discretionary income, if we use the money we need for our daily life to invest in Bitcoin, then we may need this money at any moment, which may result in our investment failing, and this may cause a loss. That is why we need to use money that will not create any unnecessary financial pressure in your life, because if you cannot be free from financial pressure, then it is not possible to sustain that investment in the long term. That is why we need to use money that can be held without any obstacles in the long term, it is important to maintain the stability of the investment, if the investment is damaged for any reason, it can cause a very big financial loss, that is why you need to invest with the amount of money you can afford, while maintaining complete security and assurance of long-term retention, investment should never create pressure on daily needs, but rather should be the next step in a well-planned income distribution.

Ninja~ 

[Cgrexp]

I think that @Qhunman probably wanted to say that waiting to have too much knowledge before investing in bitcoin is bad, but just like you said, there is no limit to knowledge and it isn't also bad if someone wants to know so much before investing in bitcoin, the only reason why we mostly say that it is not good to acquire too much knowledge is because of the time it will take which by the time you might want to start investing, the price of bitcoin must have gone high. That notwithstanding, everyone has the freedom of choice to either wait till they have gotten the level of knowledge they want or just start as soon as they have gotten the basic knowledge. Bitcoin is a big project, and it is not possible to learn everything about it at once, so we learn more in the process of investing.

When investing in Bitcoin, one should always focus on financial preparation and backup funds. And create a minimum financial security because Bitcoin investment is not reasonable without a reasonable income. The long-term goal should be to have at least three months of emergency funds and create a reserve fund in addition. Before starting to invest in Bitcoin, it is essential to practice financial foundation, backup funds and basic knowledge about Bitcoin. Real stable progress is possible if you can build a safety fund along with the investment. Therefore, it is not logical to postpone the investment time to gain additional analysis or understanding about Bitcoin.

[gracreavix]

Too much knowledge is bad, starting with the basic knowledge is the right way to approach Bitcoin.

In as much as I don't encourage prospective investors on waiting to learn everything about bitcoin before kick stating their investment journey. But we have to know when to draw the line in what we dish out in public domains. I am talking in respect to your statement I highlighted above were you said too much knowledge is bad. As a scholar I don't agree with you on this and I find it misleading. As much as I know it is generally believed that "No knowledge is a waste" and this is more acceptable to me than saying that too much knowledge is bad. Knowledge makes you become aware of yourself and it shapes you be more informed achieve self realization and makes you more aware of your environment. No amount of knowledge should be considered as bad.

You are so right, knowledge itself is not a bad thing. Knowing more definitely helps you make better decisions, especially in a space like Bitcoin where things move fast and people can easily get misled.

What he said there is really so misleading, too much knowledge is not bad at all.  But I feel it is wrong when some people end up overloading themselves with information to the point that they never actually start. They keep waiting to know everything, and in that process they miss the whole opportunity.

So no knowledge is a waste. But at the same time I feel learning and taking action should go side by side. If someone keeps studying forever without ever making a move, that is where the problem starts..