Balancing Financial security and Bitcoin Accumulation

[Deegodstime]

[edited out]

Some waiting are very similar to waiting for the dip which can be disadvantageous. Waiting to establish back up funds first before starting Bitcoin accumulation journey is unnecessary because a lot can be grab along the go just like many people that what they know now about Bitcoin unraveled on the go not gathered before making a go. Bitcoin investment is not like a degree where you must complete your studies before acquisition of certificate. In Bitcoin studies, you keep gathering Bitcoin while learning.
Back up funds can happen while accumulation journey is activated, back up funds is still part of what can happen on the go so no need of waiting to figure it out first before starting.

Since it is likely that no one wants to lose money, normal newbies to bitcoin should be able to get started investing into bitcoin as long as they have discretionary funds, to pace themselves and learn at the same time.... Even if the newbie makes an initial superficial look at bitcoin price charts, they would be able to see that in recent times, the BTC price has dropped nearly 50% in the past nearly 5 months, which surely could make any newbie nervous.  So maybe we could give an example in which they know that they could invest $100 per week into bitcoin and build up their back up funds by a similar amount each week, yet they might purposefully choose to ONLY put $30 or $50 per week into each as they continue to investigate into the bitcoin matter and their personal finances.

Many of us likely realize that buying during dips and down periods tends to be helpful in regards to our being able to get more bitcoin (sats) for the same amount of money, yet newbies might become nervous when they see so much recent downity price movement.. yet at the same time, they should be able to adjust accordingly and set themselves into a pace.  

Another thing is that it might take some time to build up conviction into bitcoin, yet none of us can really rush anyone else in terms of their building up confidence, so they have to figure out some pace that is comfortable for them, and sure sometimes we might be able to point them out to some resources that are more helpful than others, and some folks learn by watching videos and others learn by reading and others learn by talking to people.  In the beginning newbies are likely to be able to learn from almost anyone, even though surely there are risks to get bad habits, get sucked into trading or shitcoins, so it might not be easy to help some newbies from getting lured into some of the inferior kinds of information pieces that exist in the various places that learning could take place.

Don't be retarded.  There is no reason to fuck around with other investments and dilute your bitcoin investment.  If the guy has $1k per month discretionary income, how are you going to suggest he divides it?  He does not have much to work with and you want to further dilute it to invest in some stupid shit for the mere sake of diversifying.  You sound retarded.  Maybe you can explain how you expect the guy from the example to divide up his $1k per month discretionary income?

If someone has limited like 1k per month as his discretionary income, they should just focus on accumulating Bitcoin alone instead of spreading it around on other stuffs. So they will be able to accumulate enough Bitcoin with that $1k per month.

If a person is able to find $100 of discretionary income, they can invest. We don't need a lot of discretionary income to invest, even if we have a small amount of discretionary income, we can invest. We can divide this discretionary income into 3 levels. For example, we can invest 25%, we can keep 20% for creating an emergency fund and the remaining 55% we can keep in our cash or in the bank. The reason for keeping 55% in the bank or in cash is that the Bitcoin market is very volatile. Even if you are able to hold it for the long term, there is no certainty that you will be able to make a profit, so it is very good to keep some money in a less risky place for your future. Or it would be better to make a percentage of investment depending on your, each person's financial situation.

Once you figure out that you have discretionary funds, and in your example $100, there are three ways that you can use it.  1) invest, 2) save and/or 3) discretionary consumption

You listed 25% for invest, yet your two other categories of emergency funds and putting in the bank are within the same category.. So you are really saying 25% invest and 75% save, and 0% discretionary consumption.  I think that it is problematic to leave 0% for discretionary consumption and 75% for save.  Why not just start out with $33.33 in each of the three categories?  In any event my main criticism is that you have two things that are the same category and you are missing discretionary consumption.

To me I don't identify the above stated procedure as that of a man that wishes to gain stability financially,  choosing to to save 75% because you feel investment is all about risk taking, but we should also know that the worst decision to  make is to save money without a goal which that saved capital will never add any value while the value of that specific capital keeps deprecating as the economy gets tougher. If savings where to be done and exclude discretionary consumption, then investment capital should be increased to be in equilibrium with savings then wait for its possibility of success

[Ngozi26]

Since it is likely that no one wants to lose money, normal newbies to bitcoin should be able to get started investing into bitcoin as long as they have discretionary funds, to pace themselves and learn at the same time.... Even if the newbie makes an initial superficial look at bitcoin price charts, they would be able to see that in recent times, the BTC price has dropped nearly 50% in the past nearly 5 months, which surely could make any newbie nervous.  So maybe we could give an example in which they know that they could invest $100 per week into bitcoin and build up their back up funds by a similar amount each week, yet they might purposefully choose to ONLY put $30 or $50 per week into each as they continue to investigate into the bitcoin matter and their personal finances.

Many of us likely realize that buying during dips and down periods tends to be helpful in regards to our being able to get more bitcoin (sats) for the same amount of money, yet newbies might become nervous when they see so much recent downity price movement.. yet at the same time, they should be able to adjust accordingly and set themselves into a pace.  

Another thing is that it might take some time to build up conviction into bitcoin, yet none of us can really rush anyone else in terms of their building up confidence, so they have to figure out some pace that is comfortable for them, and sure sometimes we might be able to point them out to some resources that are more helpful than others, and some folks learn by watching videos and others learn by reading and others learn by talking to people.  In the beginning newbies are likely to be able to learn from almost anyone, even though surely there are risks to get bad habits, get sucked into trading or shitcoins, so it might not be easy to help some newbies from getting lured into some of the inferior kinds of information pieces that exist in the various places that learning could take place.

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin. Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.I think the price of Bitcoin may exceed 250k in 2029. Now you may say that you cannot give such certainty. In this regard, I will say that the last four cycles, one or two cycles, have not been exceptions. So even if I do not give certainty, I can hope and speculate. For example, if four consecutive predictions about a topic come true, how can I consider the fifth prediction to be false, I can also assume the fifth prediction to be true.

[Deegodstime]

Since it is likely that no one wants to lose money, normal newbies to bitcoin should be able to get started investing into bitcoin as long as they have discretionary funds, to pace themselves and learn at the same time.... Even if the newbie makes an initial superficial look at bitcoin price charts, they would be able to see that in recent times, the BTC price has dropped nearly 50% in the past nearly 5 months, which surely could make any newbie nervous.  So maybe we could give an example in which they know that they could invest $100 per week into bitcoin and build up their back up funds by a similar amount each week, yet they might purposefully choose to ONLY put $30 or $50 per week into each as they continue to investigate into the bitcoin matter and their personal finances.

Many of us likely realize that buying during dips and down periods tends to be helpful in regards to our being able to get more bitcoin (sats) for the same amount of money, yet newbies might become nervous when they see so much recent downity price movement.. yet at the same time, they should be able to adjust accordingly and set themselves into a pace.  

Another thing is that it might take some time to build up conviction into bitcoin, yet none of us can really rush anyone else in terms of their building up confidence, so they have to figure out some pace that is comfortable for them, and sure sometimes we might be able to point them out to some resources that are more helpful than others, and some folks learn by watching videos and others learn by reading and others learn by talking to people.  In the beginning newbies are likely to be able to learn from almost anyone, even though surely there are risks to get bad habits, get sucked into trading or shitcoins, so it might not be easy to help some newbies from getting lured into some of the inferior kinds of information pieces that exist in the various places that learning could take place.

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin. Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.I think the price of Bitcoin may exceed 250k in 2029. Now you may say that you cannot give such certainty. In this regard, I will say that the last four cycles, one or two cycles, have not been exceptions. So even if I do not give certainty, I can hope and speculate. For example, if four consecutive predictions about a topic come true, how can I consider the fifth prediction to be false, I can also assume the fifth prediction to be true.

Yes you are very correct,  there is not alternative means of making or saving money in bitcoin apart from investment be it long of short period, some that have not experience the supernatural transformation in bitcoin investment waste there time and energy in trading or other alternative schemes without knowing its the short cut to downfall, I know it may sound funny but experience is a best teacher once it has happened to you you be able to differentiate among all the best as I have done now.

[NewRevelation]

Since it is likely that no one wants to lose money, normal newbies to bitcoin should be able to get started investing into bitcoin as long as they have discretionary funds, to pace themselves and learn at the same time.... Even if the newbie makes an initial superficial look at bitcoin price charts, they would be able to see that in recent times, the BTC price has dropped nearly 50% in the past nearly 5 months, which surely could make any newbie nervous.  So maybe we could give an example in which they know that they could invest $100 per week into bitcoin and build up their back up funds by a similar amount each week, yet they might purposefully choose to ONLY put $30 or $50 per week into each as they continue to investigate into the bitcoin matter and their personal finances.

Many of us likely realize that buying during dips and down periods tends to be helpful in regards to our being able to get more bitcoin (sats) for the same amount of money, yet newbies might become nervous when they see so much recent downity price movement.. yet at the same time, they should be able to adjust accordingly and set themselves into a pace.  

Another thing is that it might take some time to build up conviction into bitcoin, yet none of us can really rush anyone else in terms of their building up confidence, so they have to figure out some pace that is comfortable for them, and sure sometimes we might be able to point them out to some resources that are more helpful than others, and some folks learn by watching videos and others learn by reading and others learn by talking to people.  In the beginning newbies are likely to be able to learn from almost anyone, even though surely there are risks to get bad habits, get sucked into trading or shitcoins, so it might not be easy to help some newbies from getting lured into some of the inferior kinds of information pieces that exist in the various places that learning could take place.

 Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.

I believe getting nervous about the drop, like you mentioned, up to 50% drop, isn't a problem or I don't see it as something bad at all, I think it's only natural for one to get nervous. Imagine your assets begin to loose value up to 50% drop, it's just natural that such investor would get nervous. I want to believe that every normal human been would be nervous, especially newbies, even old time investors too.

But the difference just lies in your believe about Bitcoin and your investment mentality or plan. Some get nervous and sell off, while the determined ones get nervous but HODL, offcourse, historically, Bitcoin has always appreciated after every Dip such as this, thus, such hopes and beliefs still keeps them going Ans also accumulating ongoingly rather than sell out of nervousness.

[Tetu100]

I believe getting nervous about the drop, like you mentioned, up to 50% drop, isn't a problem or I don't see it as something bad at all, I think it's only natural for one to get nervous. Imagine your assets begin to loose value up to 50% drop, it's just natural that such investor would get nervous. I want to believe that every normal human been would be nervous, especially newbies, even old time investors too.

But the difference just lies in your believe about Bitcoin and your investment mentality or plan. Some get nervous and sell off, while the determined ones get nervous but HODL, offcourse, historically, Bitcoin has always appreciated after every Dip such as this, thus, such hopes and beliefs still keeps them going Ans also accumulating ongoingly rather than sell out of nervousness.

It is very usual for any one to start acting nervously like a human that he is, that's very normal and I don't think their is any problem with that but were comes the problem is were a folks becomes more skeptical due to market prices flautration and sell at lost, it shows that the surposed investor is mentally and emotionally weak and shouldn't be seen or considered as a real time investors but rather a fair weather investor that is only there to take quick profit.

However, bitcoin investment isn't for the weak minded set of person's or people that get quickly emotional,  you must be ready to take the potential risk involved and that's the more reason you must invest out of your discretionary funds to avoid stuffs like this because it is a funds you aren't using anytime soon and shouldn't be disturbed by any slide fall because you don't need it at that point. Moreover,  a serious investor always go for long-term duration (5-10 years) at least to save his head from being unnecessarily  nervous.

[Joeboy]

It is very usual for any one to start acting nervously like a human that he is, that's very normal and I don't think their is any problem with that but were comes the problem is were a folks becomes more skeptical due to market prices flautration and sell at lost, it shows that the surposed investor is mentally and emotionally weak and shouldn't be seen or considered as a real time investors but rather a fair weather investor that is only there to take quick profit.

However, bitcoin investment isn't for the weak minded set of person's or people that get quickly emotional,  you must be ready to take the potential risk involved and that's the more reason you must invest out of your discretionary funds to avoid stuffs like this because it is a funds you aren't using anytime soon and shouldn't be disturbed by any slide fall because you don't need it at that point. Moreover,  a serious investor always go for long-term duration (5-10 years) at least to save his head from being unnecessarily  nervous.

Bitcoin is an investment for anyone/ everyone that has a discretionary income... Sure there are some folks with a very weak mindset of properly holding without them getting all shaky. But then weak mindset shouldn't automatically disqualify folks from getting involved.. This is coz there are some behaviors that can be corrected along the way, through later experiences which can be gotten by already getting involved and weak mindset happens to be one of them.... That is why I like suggesting that folks start out their investments with small amount of discretionary income and increase along the way, this increments should be done in ways that matches their level of conviction.. .

[Frankolala]

It is very usual for any one to start acting nervously like a human that he is, that's very normal and I don't think their is any problem with that but were comes the problem is were a folks becomes more skeptical due to market prices flautration and sell at lost, it shows that the surposed investor is mentally and emotionally weak and shouldn't be seen or considered as a real time investors but rather a fair weather investor that is only there to take quick profit.

It's a norms for a new investor to panic when the market dips below his entry points because he's new to the whole thing but not to the point of panicking and selling his bitcoin investment at loss during the dip because that's why you have to know the basic knowledge of bitcoin which part of it is that you should invest and hodli for a long period of time.

I think any new investor that panic and sell during the dip is not serious with investing in the long run and hodli his bitcoin investment for the future. If you don't have confidence in bitcoin, you should invest with little amount of money from your discretionary income. As you continue DCAing, you will have the experience of the market which will increase your confidence. That will make you increase your weekly DCA amount and invest aggressively when you have gained confidence in bitcoin.

[Sim_card]

Yes you are very correct,   there is not alternative means of making or saving money in bitcoin apart from investment be it long of short period , some that have not experience the supernatural transformation in bitcoin investment waste there time and energy in trading or other alternative schemes without knowing its the short cut to downfall, I know it may sound funny but experience is a best teacher once it has happened to you you be able to differentiate among all the best as I have done now.

It's not advisable to invest in bitcoin for a short period of time as a young and vibrant investor because it means that you're trading and not investing. Trading means gambling so to avoid being on any of these lane, it's better to invest in a long-term in order for you to have enough time to grow and build your bitcoin investment and also limit the risk attached to bitcoin investment which is volatility.

Some people think that buying and hodli bitcoin for 2-3 years is investing but they don't know that they are traders because a a bitcoin investor you need to invest for at least 4-10 years and above in order for you to be able to accumulate a significant amount of bitcoin. Profits shouldn't be the main focus because it will distract you from accumulating more bitcoin. Have a bitcoin target and focus on accumulating it overtime.

[Gost ms]

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin. Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.I think the price of Bitcoin may exceed 250k in 2029. Now you may say that you cannot give such certainty. In this regard, I will say that the last four cycles, one or two cycles, have not been exceptions. So even if I do not give certainty, I can hope and speculate. For example, if four consecutive predictions about a topic come true, how can I consider the fifth prediction to be false, I can also assume the fifth prediction to be true.

Yes you are very correct,  there is not alternative means of making or saving money in bitcoin apart from investment be it long of short period, some that have not experience the supernatural transformation in bitcoin investment waste there time and energy in trading or other alternative schemes without knowing its the short cut to downfall, I know it may sound funny but experience is a best teacher once it has happened to you you be able to differentiate among all the best as I have done now.

If you don't have any other source of income other than Bitcoin, how will you buy Bitcoin or where will you get the money to buy the electricity or equipment needed to mine Bitcoin? Bitcoin is very low risk for long-term investment and works very well against inflation. So we can say that Bitcoin is a very reliable currency for long-term investment and there is no currency more reliable than Bitcoin. To buy Bitcoin, we need a source of income and we have to find a discretionary income from that income and invest.

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin

Bitcoin is not risk-free, every investment has risks, just like Bitcoin has risks. However, if we look at the Bitcoin market from the past to the present, we can see how reliable Bitcoin is and how it works against inflation. However, just because Bitcoin has created a new ATH from a market decline in the past does not mean that it will follow the same pattern in the future. However, we are optimistic that Bitcoin will be able to overcome all obstacles and bounce back.

[Deegodstime]

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin. Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.I think the price of Bitcoin may exceed 250k in 2029. Now you may say that you cannot give such certainty. In this regard, I will say that the last four cycles, one or two cycles, have not been exceptions. So even if I do not give certainty, I can hope and speculate. For example, if four consecutive predictions about a topic come true, how can I consider the fifth prediction to be false, I can also assume the fifth prediction to be true.

Yes you are very correct,  there is not alternative means of making or saving money in bitcoin apart from investment be it long of short period, some that have not experience the supernatural transformation in bitcoin investment waste there time and energy in trading or other alternative schemes without knowing its the short cut to downfall, I know it may sound funny but experience is a best teacher once it has happened to you you be able to differentiate among all the best as I have done now.

If you don't have any other source of income other than Bitcoin, how will you buy Bitcoin or where will you get the money to buy the electricity or equipment needed to mine Bitcoin? Bitcoin is very low risk for long-term investment and works very well against inflation. So we can say that Bitcoin is a very reliable currency for long-term investment and there is no currency more reliable than Bitcoin. To buy Bitcoin, we need a source of income and we have to find a discretionary income from that income and invest.

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin

Bitcoin is not risk-free, every investment has risks, just like Bitcoin has risks. However, if we look at the Bitcoin market from the past to the present, we can see how reliable Bitcoin is and how it works against inflation. However, just because Bitcoin has created a new ATH from a market decline in the past does not mean that it will follow the same pattern in the future. However, we are optimistic that Bitcoin will be able to overcome all obstacles and bounce back.

I never said bitcoin is a risk free digital currency as even life itself is a risk, but am just of the opinion that investment is profit generating then trading.  With the current fluctuation in the price of bitcoin now i know most especially traders may somehow criticise investment without knowing very soon Bitcoin must definitely bounce back and may even exceed its initial price. In July 2019 the price of bitcoin hits $12000 but dropped to $ 7000 in December same year when some began to lose hope on it but later gained momentum to the extent of hitting over $248,000 the next year, with the way things are going very soon what happened then will repeat itself and those that criticise Bitcoin will regret at last.

[Brizi5000]

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin. Even those who are new to investing in Bitcoin, if they research Bitcoin and observe the past four cycles, they will definitely not be nervous even if it drops by 50% or more. If we look at the all-time high and all-time low of the past four cycles, we will be able to understand how important Bitcoin is, how much it has increased from a low price, how profitable an investment Bitcoin is. And that's when newbies will also gain confidence in Bitcoin. The price of Bitcoin has increased many times in each cycle and maybe continue to do so in the future. So we can consider the decline in the price of Bitcoin as an opportunity to invest more. And if we do weekly DCA, there is no need to worry about the price falling.I think the price of Bitcoin may exceed 250k in 2029. Now you may say that you cannot give such certainty. In this regard, I will say that the last four cycles, one or two cycles, have not been exceptions. So even if I do not give certainty, I can hope and speculate. For example, if four consecutive predictions about a topic come true, how can I consider the fifth prediction to be false, I can also assume the fifth prediction to be true.

Yes you are very correct,  there is not alternative means of making or saving money in bitcoin apart from investment be it long of short period, some that have not experience the supernatural transformation in bitcoin investment waste there time and energy in trading or other alternative schemes without knowing its the short cut to downfall, I know it may sound funny but experience is a best teacher once it has happened to you you be able to differentiate among all the best as I have done now.

If you don't have any other source of income other than Bitcoin, how will you buy Bitcoin or where will you get the money to buy the electricity or equipment needed to mine Bitcoin? Bitcoin is very low risk for long-term investment and works very well against inflation. So we can say that Bitcoin is a very reliable currency for long-term investment and there is no currency more reliable than Bitcoin. To buy Bitcoin, we need a source of income and we have to find a discretionary income from that income and invest.

Really I think so,If we don't want to lose money, there is no alternative to investing in Bitcoin

Bitcoin is not risk-free, every investment has risks, just like Bitcoin has risks. However, if we look at the Bitcoin market from the past to the present, we can see how reliable Bitcoin is and how it works against inflation. However, just because Bitcoin has created a new ATH from a market decline in the past does not mean that it will follow the same pattern in the future. However, we are optimistic that Bitcoin will be able to overcome all obstacles and bounce back.

I never said bitcoin is a risk free digital currency as even life itself is a risk, but am just of the opinion that investment is profit generating then trading.  With the current fluctuation in the price of bitcoin now i know most especially traders may somehow criticise investment without knowing very soon Bitcoin must definitely bounce back and may even exceed its initial price. In July 2019 the price of bitcoin hits $12000 but dropped to $ 7000 in December same year when some began to lose hope on it but later gained momentum to the extent of hitting over $248,000 the next year, with the way things are going very soon what happened then will repeat itself and those that criticise Bitcoin will regret at last.

@Deegodstime, are you just exaggerating, playing or you're being serious here with your bitcoin price hints because to the best of my knowledge there's no year so far since the existence of bitcoin have the price been $248,000, as a matter of fact the recent bitcoin all time high price few months ago was at $126k so i don't know where you are getting your information from. maybe you need to get your facts right so you don't go about misleading people in here.