Balancing Financial security and Bitcoin Accumulation

[Obulis]

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.

The point is that there are many ways of holding of hands or guidances. The online, is a different kind of hand holding. Just like here in these forum, some members has helped others to the point that when their thread or reply are seem it goes with ultimate attention and here is online. The knowledge gathered is not different from having someone one on one.
Waiting for a one on one (physical guide) can mean unnecessary delay because definitely there is that teacher online that their talk and or writing can be excellently understood by a newbie.

[Btcdeybodi]

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.

You tried in your explanation here but let me put it straight to you, volatility is inevitable and you have to know that so there's no way you can avoid market volatility. And however, if the price of bitcoin decreases, it doesn't necessarily mean you should buy the DIP, you can still keep up with your DCA except you have reserved funds then you can buy a DIP. The market price will always fluctuate sideways but as a long term investor you don't need to worry. A beginner might not really understand what volatility is, until they experience it but when the price falls and later recovers, it gives them more confidence when another DIP occurs again because they will know that it's just a temporary occurrence.

[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.

The point is that there are many ways of holding of hands or guidances. The online, is a different kind of hand holding. Just like here in these forum, some members has helped others to the point that when their thread or reply are seem it goes with ultimate attention and here is online. The knowledge gathered is not different from having someone one on one.
Waiting for a one on one (physical guide) can mean unnecessary delay because definitely there is that teacher online that their talk and or writing can be excellently understood by a newbie.

People can get guidance from wherever or whosever the hell they feel comfortable with, that's their concern not mine. But it is not nice if people just sheepishly depend on others without doing a research of their own.

Waiting for others to hold your hands without making a move of your own can later turn you to a mindless human. Researched matter because it makes you know when you are wrongly informed

Just to be clear, research dosen't always have to be done in isolation, you could research by learning from others that have the knowledge about that stuff and building on that knowledge through reading threads or topics and asking questions.

[Cgrexp]

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.

You tried in your explanation here but let me put it straight to you, volatility is inevitable and you have to know that so there's no way you can avoid market volatility. And however, if the price of bitcoin decreases, it doesn't necessarily mean you should buy the DIP, you can still keep up with your DCA except you have reserved funds then you can buy a DIP. The market price will always fluctuate sideways but as a long term investor you don't need to worry. A beginner might not really understand what volatility is, until they experience it but when the price falls and later recovers, it gives them more confidence when another DIP occurs again because they will know that it's just a temporary occurrence.

The most effective way to stabilize Bitcoin is to continue buying regularly, whether weekly or at other times.
There is no need to be aggressive just because the price of Bitcoin is falling. Your level of aggressiveness should be determined by the strength of your cash flow management and practice, not by the fluctuations in the price of Bitcoin. If the price is falling, you should still not change your aggressiveness until you have organized yourself and have enough cash. If you have a good financial situation, it will help psychologically, although other life events can also have an impact. By keeping your cash flow strong and your income higher than your expenses, you can continue to invest in Bitcoin regularly every week for 4–10 years or more.

[Alonso_]

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.

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

[Futurexxx]

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

As a new investor that is just coming into the space, you don't need to be experienced in order to invest and be successful with your investment later in the future, all you just need is basic knowledge on Bitcoin, and a discretionary income to start with, then along the line after starting your accumulation you can start putting down measures to safeguard your investment like emergency  and reserve funds in place, so that you wouldn't have to temper with your bitcoin holdings later in the future when emergency struck. And if you can do that for a very long time like 10 years or more, the chances of you being a success is very high as long as you have a reasonable stash of Bitcoin in your wallet.

[Nightwatchmare]

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.

Unless you are investing in Bitcoin with the money for your day-to-day expenses that investing in Bitcoin will not  be easy, but if you invest in Bitcoin with discretionary income, investing in Bitcoin would be very easy and you will not find it hard to invest in Bitcoin. I do not think price fluctuation will make it difficult for investors to accumulate Bitcoin consistently because before they started accumulating Bitcoin they are aware that Bitcoin price will fluctuate at some point, and as investors who are investing in Bitcoin for a long time, Bitcoin price fluctuation has nothing against them but rather they will use the opportunity to buy more Bitcoin at a cheap price.

[liasbaa]

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

As a new investor that is just coming into the space, you don't need to be experienced in order to invest and be successful with your investment later in the future, all you just need is basic knowledge on Bitcoin, and a discretionary income to start with, then along the line after starting your accumulation you can start putting down measures to safeguard your investment like emergency  and reserve funds in place, so that you wouldn't have to temper with your bitcoin holdings later in the future when emergency struck. And if you can do that for a very long time like 10 years or more, the chances of you being a success is very high as long as you have a reasonable stash of Bitcoin in your wallet.

There are many investors who are associated with the capital market and have a good investment knowledge. For them, Bitcoin is a completely new context, and in that context, they have to consider the risk factor and make any decision. As Bitcoin has potential, there is risk with it. Those who are already experienced in other investments want to invest in Bitcoin, but they should start with basic knowledge about Bitcoin.
Although the basic idea of ​​​​investing is almost the same, when investing in digital assets, you need to apply a risk tolerance policy and refrain from investing beyond your financial capacity. Accumulate Bitcoin through discretionary income in the initial or beginner period. Be steadfast with the goal of accumulating Bitcoin step by step and increase the amount of Bitcoin buying as you gain experience from the beginner period.

[Hardyrobust]

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.

Unless you are investing in Bitcoin with the money for your day-to-day expenses that investing in Bitcoin will not  be easy, but if you invest in Bitcoin with discretionary income, investing in Bitcoin would be very easy and you will not find it hard to invest in Bitcoin. I do not think price fluctuation will make it difficult for investors to accumulate Bitcoin consistently because before they started accumulating Bitcoin they are aware that Bitcoin price will fluctuate at some point, and as investors who are investing in Bitcoin for a long time, Bitcoin price fluctuation has nothing against them but rather they will use the opportunity to buy more Bitcoin at a cheap price.

Price fluctuations will only tends to be a problem when the motive behind buying of bitcoin is to make quick profit. In other words, it is traders that will see price fluctuation as a challenge. However, this isn't supposed to be so with long term holders or investors. Having a reasonable amount of bitcoin in there holdings should be there ultimate goal and this can be achieved through consistent buying of bitcoin using discretionionary income and holdings for long.

[GIF-JOBS]

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.

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

To be effective in holding for a long time, we must have a basic understanding of all these things. We need to know the volatility of the market, or what kind of movement it has, especially when a beginner is about to start, it is most important to have an idea about this.

Because how does a beginner make the first mistake? Since he has no idea about the market, he panics because of the natural volatility of the market, as a result of which he panics with the wrong mentality and decides to sell. But if he had a basic understanding of this natural volatility of the market, then he would have understood that this volatility is normal, so he could have accepted it naturally and he would not have reached the decision to sell his holding.

Similarly, it is very important to have an idea about safety, the importance of long-term holding, patience, all these things, when we have a basic understanding of this, we will not be likely to make wrong decisions in the initial situation, and gradually we will be able to gain more and more profound knowledge and gradually our position will become more stronger and bigger.

[KawasakiNinja1_]

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.

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

It is simply a stupid comment that a newbie has nothing to do with his experience because just because he is a newbie does not mean he does not have knowledge. You can say that if a newbie is in Bitcoin investment, he does not need to spend much time to gain experience.

If he has the basic knowledge such as willingness to invest, patience, money, and understanding from the beginning, he has completed the first step to start investing. Later, you should try to take emergency measures to protect your investment, because one of the necessary aspects of holding Bitcoin investment for a long time is to create a backup or emergency fund.

[Frankolala]

It is simply a stupid comment that a newbie has nothing to do with his experience because just because he is a newbie does not mean he does not have knowledge. You can say that if a newbie is in Bitcoin investment, he does not need to spend much time to gain experience.

How can you have the experience of bitcoin investment when you are just coming to know about bitcoin and you don't have any bitcoin in your possession. The experience in bitcoin investment is gained by pratical which is your buying of bitcoin weekly and watching how the market moves.

Also, it's when you start buying bitcoin that you will be able to get the proper picture of your cash inflow and how to manage it properly by assigning the right amount from your discretionary income that will enable you buy bitcoin freely without financial stress and to how to maintain consistency.

If you don't have any bitcoin, you wouldn't understand how it's to overcome your emotions to not panic and sell during the dip or not get over excited and sell during the bull run due to discipline and focus on your bitcoin goal. Theory is easy and lack experience because there will be no mistakes but with praticals (ongoingly accumulation) you will make mistakes, learn and continue again.

[Obulis]

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.

You tried in your explanation here but let me put it straight to you, volatility is inevitable and you have to know that so there's no way you can avoid market volatility. And however, if the price of bitcoin decreases, it doesn't necessarily mean you should buy the DIP, you can still keep up with your DCA except you have reserved funds then you can buy a DIP. The market price will always fluctuate sideways but as a long term investor you don't need to worry. A beginner might not really understand what volatility is, until they experience it but when the price falls and later recovers, it gives them more confidence when another DIP occurs again because they will know that it's just a temporary occurrence.

The most effective way to stabilize Bitcoin is to continue buying regularly, whether weekly or at other times.
There is no need to be aggressive just because the price of Bitcoin is falling. Your level of aggressiveness should be determined by the strength of your cash flow management and practice, not by the fluctuations in the price of Bitcoin. If the price is falling, you should still not change your aggressiveness until you have organized yourself and have enough cash. If you have a good financial situation, it will help psychologically, although other life events can also have an impact. By keeping your cash flow strong and your income higher than your expenses, you can continue to invest in Bitcoin regularly every week for 4–10 years or more.

I think cgrexp just highlighted one of the advantages of DCAing, the dip can be taken advantage of but that should not necessarily be the main thing. Checking and balancing financial flow becomes the determinant factors.
These also points to the need of trying to have other source of income to help in keeping up your Investment.
Aggressiveness has to be personal after checking and balancing of financial flow not minding the dip.

[Yablee0]

fluctuations will only tends to be a problem when the motive behind buying of bitcoin is to make quick profit. In other words, it is traders that will see price fluctuation as a challenge.

That's an understanding facts in the game of Bitcoin investment, only traders or fair weather investors see fluctuation as a threat or a big challenge otherwise their shouldn't be a called for alarm when fluctuation occurs because it's surpose to be a normal thing In Bitcoin nature. However, those that doesn't understand Bitcoin more better always panic and sell at lose at this very phase of their investment time and with the fear that it wouldn't go high again or probably depreciate more instead of appreciating. Bitcoin investment has always been known as an investment that appreciate in value overtime (longtime) and if you must succeed in it then you must do what is right by going for the long term run then you will understand better why it is been crown the investment of all time.

[Mr_Brilliant$]

A newbie totally doesn’t have anything to do with experience because it’s entirely a very subjective concept, how can someone have an experience in something when you haven’t done anything by venturing into that particular area, maybe the individual have been listening to people which is were the Challenge keeps coming, what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience is about having basic knowledge and understanding about the essential aspects of buying and holding bitcoin for a very longest time.

As a new investor that is just coming into the space, you don't need to be experienced in order to invest and be successful with your investment later in the future, all you just need is basic knowledge on Bitcoin, and a discretionary income to start with, then along the line after starting your accumulation you can start putting down measures to safeguard your investment like emergency  and reserve funds in place, so that you wouldn't have to temper with your bitcoin holdings later in the future when emergency struck. And if you can do that for a very long time like 10 years or more, the chances of you being a success is very high as long as you have a reasonable stash of Bitcoin in your wallet.

Yeah that mindset knowing everything first will just keeps them stagnant..   The truth is, you don’t need to be a guru first..  You just need basic understanding, a clear head, and money you are willing and can afford to lock away..

And yes emergency and reserve funds is important too, but shouldn’t be the major priority when starting, because you can always build them along investing.. And it important because most people do not fail because of Bitcoin… they fail because life happens and they’re forced to sell at the wrong time..

[Barikui1]

.
These also points to the need of trying to have other source of income to help in keeping up your Investment.
Aggressiveness has to be personal after checking and balancing of financial flow not minding the dip.

I can't deny that aggressive accumulation of Bitcoin is not a bad practice, besides it's help in building a huge stash of Bitcoin faster, but it's not mandatory to be aggressive, so that you don't overdo it to the extent where it becomes a burden to you, in your ability to finance your basic needs properly.
If you are being aggressive towards your Bitcoin accumulation, let it be tailored around your discretionary income, because anything more than that will be troublesome to your Bitcoin investment. So what am trying to say is that having other sources of income is good, but while investing in Bitcoin, it's mandatory that your accumulation and your to level of aggressiveness be tailored around your discretionary income, so that you wouldn't have problems with your investment tomorrow.

[Joeboy]

,what a newbie can do is buying bitcoin and not to have experience, because a newbie don’t have anything to do with experience.

Alonso you seem to be contradicting yourself...Experience in Bitcoin is best gotten by getting involved, and from the very moment that newbies start buying Bitcoin and using their wallets they are already gaining experience. The experience may be small at the beginning, but it still is experience... And the more involved and committed that newbies is, the more knowledge he/she tends to get...

Accumulate Bitcoin through discretionary income in the initial or beginner period.

It's best that folks invest in Bitcoin using their discretionary income, but then it shouldn't only be used at the beginning stage, it's best that folks to keep using it to consistently buy Bitcoin whenever it is available until they reach their over-accumulation...

[Xackie]

they fail because life happens and they’re forced to sell at the wrong time..

This usually happens when an investor doesn't plan properly, especially when he put his whole focus on accumulating Bitcoin alone, disregarding his safety net. We have some investors who don't have an emergency funds, some have it but they only save tiny funds into it. Reason is because they feel nothing will happen to them, so they push it behind them. Then when something unexpected comes up they are left with no choice but to tap into their Bitcoin investments just to solve their need. Then they will keep selling time to time till they are left with both nothing then regret set in.

[Rockson1]

As a new investor that is just coming into the space, you don't need to be experienced in order to invest and be successful with your investment later in the future, all you just need is basic knowledge on Bitcoin, and a discretionary income to start with, then along the line after starting your accumulation you can start putting down measures to safeguard your investment like emergency  and reserve funds in place, so that you wouldn't have to temper with your bitcoin holdings later in the future when emergency struck. And if you can do that for a very long time like 10 years or more, the chances of you being a success is very high as long as you have a reasonable stash of Bitcoin in your wallet.

Who's a newbie, someone that have no knowledge or little knowledge right that is new to the space right, considering the nature of Bitcoin investment, it is adviceable for newbies to have basic knowledge to start first, I'm not against anyone having an advance knowledge of Bitcoin investment and technicalities but I'm convinced and very sure that it not the thing of any newbie, there is what is called learning in the process, everything about Bitcoin investment is done practically, you can not say you are a Bitcoiner in the learning process without having a portfolio, I think that is the height of unseriousness, does it even take us much to invest in Bitcoin, the answer is still no and no, every other thing you said can be learned while the investment is on although approaches that are required for invest to be stress free in other not tamper their investment should be taken applied which you have listed, invest and hodl for a long-term for future returns, however no one should forget to invest with their discreationary income, it is very important.

[JayJuanGee]

they fail because life happens and they’re forced to sell at the wrong time..

This usually happens when an investor doesn't plan properly, especially when he put his whole focus on accumulating Bitcoin alone, disregarding his safety net. We have some investors who don't have an emergency funds, some have it but they only save tiny funds into it. Reason is because they feel nothing will happen to them, so they push it behind them. Then when something unexpected comes up they are left with no choice but to tap into their Bitcoin investments just to solve their need. Then they will keep selling time to time till they are left with both nothing then regret set in.

Sometimes the selling too much too soon comes from a certain level of a forced decision.

Yet, other times, guys will see that their bitcoin holdings are profitable, and they will end up selling too much too soon because they are wanting to extract "profits," which may seem like a great decision at the time, yet it may also end up depriving them of way more bitcoin that they could have had at later points in time, yet leaving themselves with way less bitcoin than they would prefer to have.

Since bitcoin is so liquid and also so volatile, it can sometimes be difficult to decide - and guys will get lured and tempted into selling their bitcoin to resolve issues that could be resolved in other ways.. and then regret their decision later.

As a new investor that is just coming into the space, you don't need to be experienced in order to invest and be successful with your investment later in the future, all you just need is basic knowledge on Bitcoin, and a discretionary income to start with, then along the line after starting your accumulation you can start putting down measures to safeguard your investment like emergency  and reserve funds in place, so that you wouldn't have to temper with your bitcoin holdings later in the future when emergency struck. And if you can do that for a very long time like 10 years or more, the chances of you being a success is very high as long as you have a reasonable stash of Bitcoin in your wallet.

Who's a newbie, someone that have no knowledge or little knowledge right that is new to the space right, considering the nature of Bitcoin investment, it is adviceable for newbies to have basic knowledge to start first,

That is not true.  All you need to get started is common sense, and start from where you are at.

Are you able to figure out if you have discretionary funds or not?  Then you can start investing in bitcoin.

I'm not against anyone having an advance knowledge of Bitcoin investment and technicalities but I'm convinced and very sure that it not the thing of any newbie,

Don't be so presumptuous about newbies.  Newbies to bitcoin can be from any walk of life and they can be any age and/or socio-economic situation.  Sure the more experience and knowledge that they have from their already life, then the more that they are able to draw from that in their getting into bitcoin.

Surely, young people sometimes have maturity issues, so they might have to deal with their maturity issues (or lack of maturity), yet if they have common sense, they can figure out ways to both identify their maturity issues and to put their own maturity level within their own  ways of dealing with their getting into bitcoin and trying to control emotions (and even position size) issues that they might need to design to their own financial and/or psychological circumstances.. yet even if such younger people (and sometimes older people too) might have some maturity issues, they can still get started as long as they have common sense and are able to size their starting out position and to learn as they go.  Surely no one wants to invest in something and lose money, yet there may need to be some recognitions of the volatility of bitcoin and needs to create systems in which they are not looking at the price, especially if the aim might be to invest for 4-10 years or longer.
 

there is what is called learning in the process, everything about Bitcoin investment is done practically, you can not say you are a Bitcoiner in the learning process without having a portfolio, I think that is the height of unseriousness,

I agree with all of these points.  There is quite a bit of value in getting started, whether that is $100 per week or $10 per week or some other amount that the newbie considers to be reasonable and within his ability to manage and to use his discretionary funds in a reasonable way.. that might well also have the needs to consider both savings (back up funds) and amounts that are kept for discretionary spending (whatever that might be between paychecks).  There is likely some need to give some priority to bitcoin investment and building a reasonable position, and so any newbie is coming to bitcoin with already existing obligations and activities, so getting into bitcoin causes some need to invest time, energy and value into it, and surely if newbies have a lot of conflicts in their life, then they may well have to invest into bitcoin in a much slower way until they have time to dedicate to bitcoin.. yet even if they don't have a lot of time, energy and value to dedicate to bitcoin from the start, they likely still would be advantaged in getting started, even if they start out in a relatively whimpy way until they gain comfort at a later date that works for them.. and yeah, if they choose to continue to stay whimpy or they lose interest in bitcoin with the passage of time, then they have made their choice, and they have to live with the consequences of their failure/refusal to sufficiently allocate time, energy and value into bitcoin.
 

does it even take us much to invest in Bitcoin, the answer is still no and no, every other thing you said can be learned while the investment is on although approaches that are required for invest to be stress free in other not tamper their investment should be taken applied which you have listed, invest and hodl for a long-term for future returns, however no one should forget to invest with their discreationary income, it is very important.

There might be some people who come to bitcoin and they can dedicate 4 hours per day 7 days a week or more, and there are others who might ONLY have a couple of hours a week that they are able to dedicate to  looking into bitcoin and/or setting up their systems.  Surely, many of us already existing bitcoin passionate people recognize bitcoin as a priority, yet our enthusiasm for bitcoin is not necessarily going to rub off on other people (bitcoin newbies).  People learn at different paces too, and their interests vary.. so even though newbies should be able to adjust their investment into bitcoin to their interest level, sometimes newbies to bitcoin still might not know what they don't know, so it can take time for newbies to learn enough in order to increase their enthusiasm towards investing into bitcoin... which still is O.k. in terms of DCA being able to be adapted to the level of enthusiasm (or lack of enthusiasm) that newbies might have towards bitcoin.