Balancing Financial security and Bitcoin Accumulation

[Olatundespo]

Every one literally pass through that phase of being a newbie that don’t understand how bitcoin work or the crypto space in a whole .

The truth is that the only way you can under how it work is when you start accumulating, which will encourage you to want to learn more about what you are investing on .

Investing in bitcoin is not easy at all , cause not everyone can stand seeing their asset value depreciating in their wallet . It seems challenging ngl , especially when I was newbie then I usually sell in loss and run thinking I have cut losses (not knowing that’s when I actually made losses ).

Selling now is not smart because you are only going to sell in loss even those that started investing  late last year will still be in losses now , imagine those that brought at price of $120k.

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy. If you start the process of accumulation, it is more difficult to keep it consistent because the market is full of uncertainty. The price fluctuates and the size of your portfolio will fluctuate with the price.

For a new investor the fluctuation of the price of Bitcoin is more frightening because they do not want to see themselves at the risk of losing money because they have less patience. In a literal sense an investor can fulfill his investment expectations if he is patient and accumulate Bitcoin regularly.

During periods of price decline when the portfolio becomes more unhealthy, it is more important for that investor to be consistent because that is the time for you to get bigger your Bitcoin holdings even more.

[Proty]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

[Joeboy]

It is natural for beginners to panic, because they did not believe in Bitcoin enough in the beginning, and that is why they panic at the sight of a little volatility. If they had the right idea and faith about Bitcoin, then they would definitely avoid volatility, but if the price of Bitcoin decreases due to volatility, they would try to buy more. Because a real investor believes that after the fall, Bitcoin will return to an upward trend, and in that upward trend, Bitcoin has the possibility of creating new highs. Therefore, a beginner should first try to understand these things, because it is necessary to have the right idea, otherwise starting completely ignorantly leads to a tendency to make wrong decisions, which can ultimately lead to failure.

What do you mean by- avoid volatility?  I hope you know that Volatility is one of the very central feature of Bitcoin and it is not something that folks can avoid even if they try to... That is why it is best that folks even the newbies always accept this volatility and invest with the mindset that it is real and cannot be avoid... And if anyone is afraid of volatility, then they should very well invest using the amount of discretionary income that they can afford to use.. And with time, experience will teach them that volatility is not something to be scared of, since Bitcoin even with its volatility has done incredibly well in the past by hitting new ATH..

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Sure Bitcoin doesn't need folks to learn about all it's technical part before they can start investing.   Once they have their Discretionary income is available, they can very well kickstart they journey and figure out the rest later... Rather than staying idle, it is infact easier to learn more while already involved with your consistent accumulation..

[Cgrexp]

Every one literally pass through that phase of being a newbie that don’t understand how bitcoin work or the crypto space in a whole .

The truth is that the only way you can under how it work is when you start accumulating, which will encourage you to want to learn more about what you are investing on .

Investing in bitcoin is not easy at all , cause not everyone can stand seeing their asset value depreciating in their wallet . It seems challenging ngl , especially when I was newbie then I usually sell in loss and run thinking I have cut losses (not knowing that’s when I actually made losses ).

Selling now is not smart because you are only going to sell in loss even those that started investing  late last year will still be in losses now , imagine those that brought at price of $120k.

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy. If you start the process of accumulation, it is more difficult to keep it consistent because the market is full of uncertainty. The price fluctuates and the size of your portfolio will fluctuate with the price.
For a new investor the fluctuation of the price of Bitcoin is more frightening because they do not want to see themselves at the risk of losing money because they have less patience. In a literal sense an investor can fulfill his investment expectations if he is patient and accumulate Bitcoin regularly.
During periods of price decline when the portfolio becomes more unhealthy, it is more important for that investor to be consistent because that is the time for you to get bigger your Bitcoin holdings even more.

New investors usually have a weekly budget that they can put into Bitcoin. The amount of that budget should be in line with their overall financial situation. Before starting an investment plan, they should set their own budget and think about how long they will continue to invest. Every new investor should also create their own plan for how much to invest, for how long, and how much budget to allocate each week. Initially, one may plan for 1–2 years, but over time, it is better to consider Bitcoin as an investment for 4–10 years or more. By planning and studying long-term investment in Bitcoin, we can understand not only the market, but also ourselves better. We need to consider how we can fit our lives into holding Bitcoin for four to ten years, whether we invest or hold it. It is important to set a time frame for investing, but it is also important to find a way to get started and a strategy that fits into the long-term investment.

[xiamin]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

[Obulis]

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.

A new investor can go to any length if he panicked, since he's still new and haven't come to the maturity of both mind and character to persist in holding even when price crashes occurs. It's obtainable in the beginning and investors make some levels of mistakes, but after sometime they understand Bitcoin price volatility more and as well as the cycles and they would have more confidence in their investment, so such fear wouldn't exist in them anymore.

This is why it's important to start buying small early in your investment journey and develop confidence in your Bitcoin journey. Overtime, the investor may choose to be more aggressive in his buys as their confidence levels increases in their investment journey. This is normal, it's better to be progressive in your accumulation journey than rushing in and out.

Really a newbie can mature out of experiencing the market by that develop confidence on Bitcoin. But the other way round, the issue of panic and level of aggression can be fully highlighted during grooming which informs maturity so that experiencing the market becomes a proof of what has been conceived and these makes it easier for the experience to make sense for productive usage.

[I_Anime]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Yes bitcoin investment is not complex like trading , all that matters is having enough discretionary income to invest (to buy more coin and build up a portfolio).  Investment not something one can do in short period of time I am not talking about the profits aspect I’m literally taking about the time it will take to build up that investment. That’s what bitcoin investment all about , because is not complex doesn’t mean you won’t have to plan well, you will have to plan your spendings and other stuff.  Finding ways to reduce expenditure inorder to build your investment following the right principles will make things even more smoother .

[PhilosopherKing]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

Dont promote a dependency mindset. Dependency leads to laziness and the possibility of getting mislead.

This forum exists to help people learn and make the right decision, yes, but what if this forum never exists and there was no trustworthy advisor to teach newbies. Does it mean that nobody would invest in bitcoin?

Newbies do not have to wait until someone hold their hands before they can investing. What is the function of having eyes if newbies cannot us it to read and do their research. They have to read so they can understand what they are putting their money in.

[AuchanX]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Yes bitcoin investment is not complex like trading , all that matters is having enough discretionary income to invest (to buy more coin and build up a portfolio).

I think that whether discretionary income is sufficient is relative. Many people may misunderstand the term sufficient discretionary income. Because in reality, you do not need sufficient discretionary income to start investing. We can start with a small amount and build a large portfolio over time. If someone is waiting for sufficient discretionary income, they may never start. Therefore, we can start with as much as we can safely save after meeting our daily expenses, debts and urgent needs. Suppose a person has sufficient discretionary income, if he invests a large amount of money once and then does nothing for a long time, his average purchase price will not be favorable. Therefore, if a person with a small amount of discretionary income uses that money systematically and continues to do DCA in small amounts, then his investment can be successful in the long run. Therefore, starting with a small amount can also be a realistic option. Then, as the income increases, it is realistic to increase the investment amount.

[Olatundespo]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

You are right. Starting Bitcoin investment is not difficult if you have a discretionary income available. If you do not have a stable income, you can start investing in Bitcoin. Just as it is important to gain proper knowledge about Bitcoin, you must be responsible in maintaining this digital asset. Being responsible in investing is also important because this responsibility helps in increasing earnings and gaining knowledge about investing. To make Bitcoin accumulation long term, you need to constantly do investment related analysis and spend time in discussions with experienced investors and market analysis, only then will you create awareness about investing.

Gaining basic knowledge is enough to start Bitcoin, but to make Bitcoin accumulation long term along with having a discretionary income stream, you need to keep gaining Bitcoin knowledge regularly and keep holding.

[Agbamoni]

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

You are right. Bitcoin investment dont necessarily need intense experience and knowledge before you can start accumulation. The major thing to consider is the basic knowledge of security and how to buy. Every other experience and knowledge will be gained as you continue your investment. These include knowledge of emergency funds, savings, etc. It is very possible to start your investment while at the same time start keeping money for emergencies, it wont hinder your investment, provided that you invest with your discretionary income.

[liasbaa]

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

You are right. Bitcoin investment dont necessarily need intense experience and knowledge before you can start accumulation. The major thing to consider is the basic knowledge of security and how to buy. Every other experience and knowledge will be gained as you continue your investment. These include knowledge of emergency funds, savings, etc. It is very possible to start your investment while at the same time start keeping money for emergencies, it wont hinder your investment, provided that you invest with your discretionary income.

You have given the right direction and I agree with you. An investor should first learn about the security of Bitcoin and the accumulation strategy. Some people scare new investors by telling them to keep an emergency fund before starting. Such strategies create fear of investment among new investors. Every new investor needs to know that there is nothing difficult in Bitcoin investment.
Start accumulating Bitcoin within your income proportion and prepare for the long term through discretionary income and start keeping an emergency fund and the size of this fund depends on your financial stability so that you are protected from bad decisions of withdrawing Bitcoin holdings during the investment journey.

[Merit.s]

You have given the right direction and I agree with you. An investor should first learn about the security of Bitcoin.

I don't understand what you mean by learning the security of bitcoin that's this is important before starting your Bitcoin investment. Bitcoin code is secured and cannot be attacked/hacked which is the main reason we have developers working to secure the network. It's only your wallet that can be hacked if you did not secure your wallet properly.

However, this isn't among the basic knowledge of bitcoin because it can be complicated for a newbie that isn't a tech savvy. What a brand new investor needs to start his bitcoin investment is his discretionary income and the basic knowledge since he's only buying in the long term.

In the beginning, you can store your bitcoin with a third-party and as you are increasing it regularly every week with DCA, you can start learning aboyt which wallet is best for you to store your coins and ways how to secure your noncustodial wallet from hackers.

[PhilosopherKing]

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

You are right. Bitcoin investment dont necessarily need intense experience and knowledge before you can start accumulation. The major thing to consider is the basic knowledge of security and how to buy. Every other experience and knowledge will be gained as you continue your investment. These include knowledge of emergency funds, savings, etc. It is very possible to start your investment while at the same time start keeping money for emergencies, it wont hinder your investment, provided that you invest with your discretionary income.

An investor should first learn about the security of Bitcoin and the accumulation strategy.

Are you for real man? you have been in this forum for some time and you are still acting like a newbie. You say people should first learn security, so they can be securing their empty wallets huh? Dude you should know better.

Learning security is important, but when people have not buy bitcoin, there is nothing to secure. That is why people have to first start with what they can afforded to loose, even if they start small and learn other things like security as they go.

[Brizi5000]

To make Bitcoin accumulation long term, you need to constantly do investment related analysis and spend time in discussions with experienced investors and market analysis, only then will you create awareness about investing.

Are you talking about making bitcoin accumulation long term or creating awareness about investing? Because I don’t seem to get it anymore and it’s really complicating base on your statement. To make your investment long term isn’t really about constantly doing investments analysis and spending time discussing with experienced investors and making market analysis. I think it’s all about individuals mindset and reason why they actually come into bitcoin investment. You don’t need to Analyze the market before investing for a long term purpose, as a matter of fact trying to analyze the market before buying bitcoin is mostly a characteristic of a trader who’s in for short and quick profit making mindset.

Getting into bitcoin first you need to understand that it’s a long term investment and at such you should go with the long term investment strategy or mindset, it is not a get rich quick scheme. A long term investor don’t really need to analyze the market before buying bitcoin, what is required of you is to focus on figuring a discretionary income to regularly use and buy bitcoin with the DCA strategy which allows you to buy at any market price without trying to analyze the market before buying with just a discretionary income and hold for long term purpose. Regularly Buy with a discretionary income using the DCA method, build up an emergency funds and work hard along the line to improve your finances and make important financial decisions with a proper financial management skills. Do these and see your investment survive for long term plan.