Balancing Financial security and Bitcoin Accumulation

[I_Anime]

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.

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

[Stalker22]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

[Proty]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

Having a good plan is crucial for a successful investment in bitcoin. Though there are times our plan may be derail since no one can predict the future.
Aside planning, having a basic knowledge of bitcoin is essential before starting investing in bitcoin. A person that have a basic knowledge of bitcoin will know the risk involved and that bitcoin is not were to make quick profit.

[cocadalcan]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

Having a good plan is crucial for a successful investment in bitcoin. Though there are times our plan may be derail since no one can predict the future.
Aside planning, having a basic knowledge of bitcoin is essential before starting investing in bitcoin. A person that have a basic knowledge of bitcoin will know the risk involved and that bitcoin is not were to make quick profit.

You are right. Bitcoin is not for quick profits. Many people with basic knowledge of Bitcoin may not be aware of the risks. Lack of a good plan can create risks in your investment. One of these is the lack of regular sources of income. You should have discretionary income for Bitcoin savings because if you are not regularly involved in the market, you are likely to be careless. Some investors start Bitcoin with bad decisions but they later get tempted to invest in the long term with the increase in their knowledge. My initial plan was not long term but after learning more about Bitcoin, I have taken a plan to save Bitcoin regularly for two cycles.

Even if you start with a good plan, some people get into bad decisions to get quick profits lack of fund. So I think you need a regular discretionary income to stay regular in Bitcoin investment.

[Futurexxx]

. Lack of a good plan can create risks in your investment. One of these is the lack of regular sources of income.

Bitcoin investment is as risky as every other investment out there, so the only thing we can do on how to mitigate the risk effect is by investing with our discretionary income or with an amount you can afford to lose, so that in the worst case scenario, you wouldn't be affected that much.

Secondly, lack of regular source of income doesn't stop us from investing in Bitcoin consistently, because what you need to invest consistently is a discretionary income, and it's wise to invest only when it's available.
And lastly, their is nowhere it is written than you must be aggressive towards your accumulation, because it's wise to only invest base on your financial reality, like within the confinement of your discretionary income, not by doing what's unsustainable.

 

[Umulala-alala]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

If an investor invest aggressively using money for his food or rent it has move beyond investment but gambling, we can buy bitcoin aggressively but not over aggressively where we will then use money that is supposed to be for important need to buy bitcoin that is an absolute gambling when their is a serious decline in the price of BTC their might panic from such investor either to sell his bitcoin, but if an investor can buy aggressively with his discretionary income or reserve fund then there will be no condemnation.

[PhilosopherKing]

Lack of a good plan can create risks in your investment. One of these is the lack of regular sources of income.

Investing btcoin requires discretionary income and common sense and not a regular source of income. The risk is reduce when discretionary income is used because it is the money that can afforded to loose. Planning for a regular source of income can come after investor has already started because you will need a stable source that can give you a reliable discretionary income for sustaining your investment as you go.

[cxtreenal]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

If an investor invest aggressively using money for his food or rent it has move beyond investment but gambling, we can buy bitcoin aggressively but not over aggressively where we will then use money that is supposed to be for important need to buy bitcoin that is an absolute gambling when their is a serious decline in the price of BTC their might panic from such investor either to sell his bitcoin, but if an investor can buy aggressively with his discretionary income or reserve fund then there will be no condemnation.

Buying Bitcoin aggressively can literally lead to a recession for an investor, even if it is for good reasons. But if you have the patience, it will be a great journey because many people drop out before the end of the long run. You can observe the official activities of those investors who are determined to keep the pace of Bitcoin accumulation intact, they maintain a period between their continuous purchases and they are able to build a good position in the investment.

Some Investors buy aggressively are more common among failed investors because they had the intention of growing their portfolio with the aim of high profits in short time but they surrendered before reaching that period. One of the reasons for this is not following the basic principles of Bitcoin investment. Although there is a recommendation to accumulate Bitcoin for a certain period (4-10 years) through discretionary income, regardless of the price, some may sell before the price increases and this literally means defeat for those investors in terms of long term investment. Keep your Bitcoin accumulation within your tolerance and be long term and consistent. This is the best investment strategy.

[Shiny_L@dy]

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .
Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Yeah!  As the famous saying goes, "If you fail to plan, you are planning to fail," and nowhere is that more obvious than in investing.  I see it all the time.  people get blinded by those 10x or 100x dreams and start throwing money they actually need for rent or food.  That "over-aggressive" move usually leads to panic selling the second there is a 10% dip because they cant afford to lose a single cent.  I dont even know what to call it, but it certainly is not good investment planning.  It sounds more like gambling with money they are not prepared to lose.

Having a good plan is crucial for a successful investment in bitcoin. Though there are times our plan may be derail since no one can predict the future.
Aside planning, having a basic knowledge of bitcoin is essential before starting investing in bitcoin. A person that have a basic knowledge of bitcoin will know the risk involved and that bitcoin is not were to make quick profit.

You are right. Bitcoin is not for quick profits. Many people with basic knowledge of Bitcoin may not be aware of the risks. Lack of a good plan can create risks in your investment. One of these is the lack of regular sources of income. You should have discretionary income for Bitcoin savings because if you are not regularly involved in the market, you are likely to be careless. Some investors start Bitcoin with bad decisions but they later get tempted to invest in the long term with the increase in their knowledge. My initial plan was not long term but after learning more about Bitcoin, I have taken a plan to save Bitcoin regularly for two cycles.
Even if you start with a good plan, some people get into bad decisions to get quick profits lack of fund. So I think you need a regular discretionary income to stay regular in Bitcoin investment.

Many new or short-term investors view profit as their primary goal and measure their activity primarily in terms of that, which can often derail their holding or ongoing investment plans. One of the unique features of Bitcoin is its financial sovereignty and alternative nature, which can make more sense through long-term holdings rather than trading solely for profit. Those who have been in Bitcoin for less than 4 years often adopt a trader’s mindset, buying and selling with the goal of making a profit in the short term. On the other hand, those who have been investing consistently for more than 4–10 years adopt a long-term investor’s perspective, where the focus is on saving, holding consistently, and accumulating enough Bitcoin. In this long-term view, profit comes through time and moderation, not any short-term price fluctuations.

If we focus on accumulating Bitcoin consistently rather than thinking about profit, we can build additional savings and a strong holding in the long term. That is, looking at profits can distort our idea of ​​​​moderate, planned holding and savings. Therefore, long-term investors do not see profits as the ultimate goal, but rather focus on ensuring consistent savings and sufficient Bitcoin holdings. Profits come as a result, but through proper holding and planned DCA. This ensures their financial security and the stability of their investments.

✨

[Nightwatchmare]

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.

Yes, a newbie does not have anything to do with experience when it comes to Bitcoin investment because it is through investmenting in Bitcoin for a long time that a newbie will gain experience and know the best way to handle Bitcoin investment, what a newbie should do or know before he can invest in Bitcoin is about his finances to figure out whether he will have discretionary income and how much of his discretionary income he will use to invest in Bitcoin, and after he has figured out his discretionary income, what he needs to do next is how to remain consistent in accumulating Bitcoin and build up his various back up funds in order for him to hold his Bitcoin for a long time.

[The Founding Titan]

Buying Bitcoin aggressively can literally lead to a recession for an investor, even if it is for good reasons. But if you have the patience, it will be a great journey because many people drop out before the end of the long run. You can observe the official activities of those investors who are determined to keep the pace of Bitcoin accumulation intact, they maintain a period between their continuous purchases and they are able to build a good position in the investment.

Some Investors buy aggressively are more common among failed investors because they had the intention of growing their portfolio with the aim of high profits in short time but they surrendered before reaching that period. One of the reasons for this is not following the basic principles of Bitcoin investment. Although there is a recommendation to accumulate Bitcoin for a certain period (4-10 years) through discretionary income, regardless of the price, some may sell before the price increases and this literally means defeat for those investors in terms of long term investment. Keep your Bitcoin accumulation within your tolerance and be long term and consistent. This is the best investment strategy.

Being aggressive with your bitcoin investment doesn't necessarily mean buying outside of your means, a person can still be investing in bitcoin with their discretionary income and still being aggressive in buying bitcoin, it's simple a matter of how much of your discretionary income your are using for your bitcoin investment. I can be buying more bitcoin then you are on a weekly basis but still not be as aggressive as you are with your investment, let's say I get ₦50k as discretionary income and you get ₦20k as your discretionary income, half of my discretionary income is still higher then your so if I'm investing 50% of my discretionary income into my bitcoin investment then I'm investing more than you can with your discretionary income but you are investing 80% of your discretionary income which means that at the end of the day I might be investing more than you are but you are more aggressive with your investment than I am.
So it's not necessarily about how much money you are investing but how much of your discretionary income you are actually investing that makes you aggressive with your investment.

[Merit.s]

Buying Bitcoin aggressively can literally lead to a recession for an investor, even if it is for good reasons. But if you have the patience, it will be a great journey because many people drop out before the end of the long run. You can observe the official activities of those investors who are determined to keep the pace of Bitcoin accumulation intact, they maintain a period between their continuous purchases and they are able to build a good position in the investment.

Some Investors buy aggressively are more common among failed investors because they had the intention of growing their portfolio with the aim of high profits in short time but they surrendered before reaching that period. One of the reasons for this is not following the basic principles of Bitcoin investment. Although there is a recommendation to accumulate Bitcoin for a certain period (4-10 years) through discretionary income, regardless of the price, some may sell before the price increases and this literally means defeat for those investors in terms of long term investment. Keep your Bitcoin accumulation within your tolerance and be long term and consistent. This is the best investment strategy.

You should understand the difference between buying aggressively and over buying aggressively. Buying aggressively, doesn't mean that you will sell your bitcoin investment in a short term and wouldn't be able to hodli for long term because you're buying from your discretionary income. It's when you buy beyond your discretionary income that it becomes gambling because you are buying with more than the amount of money that you can afford to lose.

Do don't get it twisted because buying aggressively and front loading your bitcoin investment gives you a faster pace to reach your bitcoin target than we you fail to buy aggressively when you can. Don't forget that the price of bitcoin increases overtime and the amount that you bought today wouldn't be the same tomorrow.

[GIF-JOBS]

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.

Yes, a newbie does not have anything to do with experience when it comes to Bitcoin investment because it is through investmenting in Bitcoin for a long time that a newbie will gain experience and know the best way to handle Bitcoin investment, what a newbie should do or know before he can invest in Bitcoin is about his finances to figure out whether he will have discretionary income and how much of his discretionary income he will use to invest in Bitcoin, and after he has figured out his discretionary income, what he needs to do next is how to remain consistent in accumulating Bitcoin and build up his various back up funds in order for him to hold his Bitcoin for a long time.

We do not need to gain deep experience before starting to invest, rather we need to start investing by acquiring only general knowledge and once we start investing, we will be able to research more information from it continuously, as a result we will gradually become experienced automatically. But if we decide to gain knowledge or gain complete experience before starting to invest, it will be a waste of our time, as a result our investment will lag behind. And besides, it is not something that we have to achieve before we start investing. rather if we initially start investing with a long-term goal, we will become better skilled with practical experience, so without thinking too much, we need to form the mindset of starting first, we can organize everything more correctly if once we start.

[Bigjoe33]

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.

Accumulating can only get difficult when you don’t plan properly, many just go in to investing without making any proper plans , their minds are just fixed in the profits they are going to get later on in the future , and some do endup being over aggressive and messed up their  investments in the process .

Many usually make that mistakes, bitcoin accumulation is not a race , you don’t have to rush it , you have to take your time and build it properly if you are ready to hold for long.

Every business has process, pros, tactics and it's ups and down, and some basic knowledge about it will help you grow comfortably in a long run. There is no two ways about it, anyone who comes into bitcoin investment, and after figuring out his discretionary and starts investing, and does not pay attention to...
1) proper income allocation and management,
2) building up his emergency funds
3)Other back up funds etc, such an investor is bound to fail(may not HODL for long), because he has failed to do the necessary things even when he has started his investment. It is good and through that one may not gather all the knowledge before starting, yea. But if one has started, it is good you pay attention and do the needful so to allow you invest rightly and HODL for long if of course you came in with the Long term investment plan mentality

[Hardyrobust]

Every business has process, pros, tactics and it's ups and down, and some basic knowledge about it will help you grow comfortably in a long run. There is no two ways about it, anyone who comes into bitcoin investment, and after figuring out his discretionary and starts investing, and does not pay attention to...
1) proper income allocation and management,
2) building up his emergency funds
3)Other back up funds etc, such an investor is bound to fail(may not HODL for long), because he has failed to do the necessary things even when he has started his investment. It is good and through that one may not gather all the knowledge before starting, yea. But if one has started, it is good you pay attention and do the needful so to allow you invest rightly and HODL for long if of course you came in with the Long term investment plan mentality

Every investment has its own risk and of which bitcoin investment is not an expection. There is no investment that is guarantees of success in the future. However, it is good to have a basic knowledge of bitcoin before starting to invest in bitcoin. Though basic knowledge maybe enough for anyone to start investing in bitcoin but there is always need for one to increase there knowledge about bitcoin as they continue with there accumulation of bitcoin.
Without having a good investment plan on how to go on with bitcoin accumulation, it maybe impossible to hold bitcoin for long term despite having the mindset for long term holding.

[Futurexxx]

.
Without having a good investment plan on how to go on with bitcoin accumulation, it maybe impossible to hold bitcoin for long term despite having the mindset for long term holding.

Having a plan is one thing, keeping to it, is another thing altogether, and most times if your planning is not done the right way, failing in your Bitcoin investment is inevitable.

As for Bitcoin your accumulation, it's a total different thing to holding unto it because with your statement, you are making it looks like the way you accumulated it, is what going to helps in your ability to hold, though you are right to an extent that if your accumulation is done with your discretionary income, holding will be a lot easier, but what guarantees you a strong holding hands is putting down emergency and reserve funds in place, so that emergencies wouldn't force you to sell when you never wanted to, not by investing from your discretionary income only.

[cxtreenal]

Buying Bitcoin aggressively can literally lead to a recession for an investor, even if it is for good reasons. But if you have the patience, it will be a great journey because many people drop out before the end of the long run. You can observe the official activities of those investors who are determined to keep the pace of Bitcoin accumulation intact, they maintain a period between their continuous purchases and they are able to build a good position in the investment.

Some Investors buy aggressively are more common among failed investors because they had the intention of growing their portfolio with the aim of high profits in short time but they surrendered before reaching that period. One of the reasons for this is not following the basic principles of Bitcoin investment. Although there is a recommendation to accumulate Bitcoin for a certain period (4-10 years) through discretionary income, regardless of the price, some may sell before the price increases and this literally means defeat for those investors in terms of long term investment. Keep your Bitcoin accumulation within your tolerance and be long term and consistent. This is the best investment strategy.

You should understand the difference between buying aggressively and over buying aggressively. Buying aggressively, doesn't mean that you will sell your bitcoin investment in a short term and wouldn't be able to hodli for long term because you're buying from your discretionary income. It's when you buy beyond your discretionary income that it becomes gambling because you are buying with more than the amount of money that you can afford to lose.

Do don't get it twisted because buying aggressively and front loading your bitcoin investment gives you a faster pace to reach your bitcoin target than we you fail to buy aggressively when you can. Don't forget that the price of bitcoin increases overtime and the amount that you bought today wouldn't be the same tomorrow.

If you can invest for the long term by buying aggressively, that is good, but I have mentioned some investors who buy Bitcoin aggressively with their own funds but not for the long term. Some of those investors decide to withdraw their holdings when the price increases.
I have mentioned that investors who accumulate Bitcoin regularly through their discretionary income and are consistent in small amounts can create a better investment position than those short-term aggressive investors.

Along with accumulating Bitcoin in the DCA method, you have a reserve of cash funds that you can buy aggressively during the price declines, which increases the holdings in your portfolio, and only by being consistent, you will be able to build up a huge Bitcoin holding at some point.

[Joeboy]

Many new or short-term investors view profit as their primary goal and measure their activity primarily in terms of that, which can often derail their holding or ongoing investment plans. One of the unique features of Bitcoin is its financial sovereignty and alternative nature, which can make more sense through long-term holdings rather than trading solely for profit. Those who have been in Bitcoin for less than 4 years often adopt a trader’s mindset, buying and selling with the goal of making a profit in the short term. On the other hand, those who have been investing consistently for more than 4–10 years adopt a long-term investor’s perspective, where the focus is on saving, holding consistently, and accumulating enough Bitcoin. In this long-term view, profit comes through time and moderation, not any short-term price fluctuations.

If we focus on accumulating Bitcoin consistently rather than thinking about profit, we can build additional savings and a strong holding in the long term. That is, looking at profits can distort our idea of ​​​​moderate, planned holding and savings. Therefore, long-term investors do not see profits as the ultimate goal, but rather focus on ensuring consistent savings and sufficient Bitcoin holdings. Profits come as a result, but through proper holding and planned DCA. This ensures their financial security and the stability of their investments.

✨

Bitcoin is definitely not a quick profit scheme and surely it would be very absurd if folks come into Bitcoin simply because they want to change their financial life overnight... Coming into Bitcoin with the mindset of immediate profits can derail your long term goals and turn folks into traders whose primary focus is to time market pumps so they could sell and make quick profits which isnt really advisable.. Anything less than 4 years is likely trading that's why the target of folks should be probably at least even 10 years of consistency in accumulating and holding unless for whatever health or age related problems...

[Cgrexp]

Bitcoin is definitely not a quick profit scheme and surely it would be very absurd if folks come into Bitcoin simply because they want to change their financial life overnight... Coming into Bitcoin with the mindset of immediate profits can derail your long term goals and turn folks into traders whose primary focus is to time market pumps so they could sell and make quick profits which isnt really advisable.. Anything less than 4 years is likely trading that's why the target of folks should be probably at least even 10 years of consistency in accumulating and holding unless for whatever health or age related problems...

Planning to exit Bitcoin investment before at least 4 years is essentially a trading or income-out mindset, which does not allow for the benefits of long-term investment. In the case of long-term holding, the investor stores his Bitcoin for 4-10 years or more, which ensures gradual appreciation and growth even in the face of market volatility. This allows for a sustainable withdrawal goal to be set, such as withdrawing the equivalent of current income or a portion thereof annually over the next 10-15 years, which helps determine the size and duration of the holding according to the investment objective. While one may not be sure at first why they are getting into Bitcoin, over time they learn about the market, the process and the long-term benefits of Bitcoin and are able to adjust their holding and withdrawal plans. Everyone’s goals may be different   ​​some may want supplemental income, some may want to shift their main source of income to Bitcoin while others may want to gradually increase their holdings  but the important thing is to set the holding and withdrawal rate according to time, energy and appreciation. Therefore, the main objective of investing in Bitcoin should be to ensure long-term holding and sustainable withdrawals, not just for limited-time income-out or quick profits, which provides investment stability and psychological stability.

[JayJuanGee]

Every business has process, pros, tactics and it's ups and down, and some basic knowledge about it will help you grow comfortably in a long run. There is no two ways about it, anyone who comes into bitcoin investment, and after figuring out his discretionary and starts investing, and does not pay attention to...
1) proper income allocation and management,
2) building up his emergency funds
3)Other back up funds etc, such an investor is bound to fail(may not HODL for long), because he has failed to do the necessary things even when he has started his investment. It is good and through that one may not gather all the knowledge before starting, yea. But if one has started, it is good you pay attention and do the needful so to allow you invest rightly and HODL for long if of course you came in with the Long term investment plan mentality

Every investment has its own risk and of which bitcoin investment is not an expection. There is no investment that is guarantees of success in the future. However, it is good to have a basic knowledge of bitcoin before starting to invest in bitcoin.

Bigjoe33 is not asserting that there is a need to acquire such basic knowledge (that he is listing) prior to getting started investing in bitcoin.

Though basic knowledge maybe enough for anyone to start investing in bitcoin but there is always need for one to increase there knowledge about bitcoin as they continue with there accumulation of bitcoin.
Without having a good investment plan on how to go on with bitcoin accumulation, it maybe impossible to hold bitcoin for long term despite having the mindset for long term holding.

Maybe you should clarify Hardyrobust?  What do you expect guys to know before starting and then what about after already investing in bitcoin?