Balancing Financial security and Bitcoin Accumulation

[Female King]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

Bitcoin market is very unpredictable, if the average purchase price you have calculated is not as per your expectation then you may get disappointed so it would be better for you to continue buying continuously without having such expectations on the market. If the price of Bitcoin reaches the highest price again then it will take a lot more time for your portfolio so do not plan this and continue buying continuously until you reach the goal of building your portfolio. I do not know if you have started buying yet but if you have not started buying then it would be better not to worry about your average purchase price.

If you focus more on market you will easily get discouraged. Just play your part by accumulating and holding despite the market conditions, all that matter is that you are building something that will turn out profitable in long run , though it is not guarantee but historical data has proven that bitcoin tend to go up as time goes despite all the up and down movement .

The really I kept saying there’s no guarantee is because we can’t actually tell the future, the only thing that doesn’t change is changes . So there will always be changes as time goes, either positive or negative changes .

As an investor you’re not meant to focus on the market, instead you should focus more on buying and holding bitcoin, and having a discretionary income as well, I have seen a scenario where people who have difficulties finding their way and feet in buying and holding bitcoin, most times it’s been a very terrible situation and experience, because they will have to panic because of their money involved, but if you’re and old investor it would be better to know that you have to keep buying and accumulating bitcoin on a consistent basis and a regular basis.

You should also focus on the market price situation while investing in Bitcoin. Don't let Bitcoin accumulating become a boring affair as the market will go up and down and discretionary income is required to stay afloat with every price trend. It is also important to have a income stream and a proper implementation process of discretionary income fund in order to invest in Bitcoin. You will find it problematic to do DCA regularly if your income is not consistent or you do not have emergency funds available.

Emergency funds are of utmost importance to maintain the necessary cash flow and security of Bitcoin holdings to maintain long term dominance in investing. The sudden need for invested capital is responsible for creating panic in investing. From that point on, you need an emergency fund and cash flow to keep yourself in a safe investment position.

Why focusing on the market before buying bitcoin when you are buying with with the DCA strategy, bitcoin is volatile and this is what you should know using the DCA strategy you don't have to worry about the volatility of bitcoin since you are either buying every weeks or months, it's also necessary that you should many income streams or several sources of income before you can start buying bitcoin as a low income earners you can still buy bitcoin as long as you have figured out your discretionary income you can buy bitcoin. Having an emergency fund is good but you can still buy bitcoin if you don't have an emergency at that time then plan getting it ahead as you are buying bitcoin.

[ZeroVinsonN]

They should know that before they start it is important to understand financial management so that they will know that they are supposed to take DCA money from their discretionary funds.

Financial management is not a most for you to know before you get started with your bitcoin investment. What is important is for you to figure out if you have a discretionary income or not. If you have a discretionary income and the basic knowledge of bitcoin, you are good to start your bitcoin investment as a brand new investor. As you are investing, you should study and understand about your cash inflow in order for you to know how to manage it properly.

As you are investing consistently, you can start to put into practice financial management because if you don't assign the right funds to the appropriate use, you will make mistakes that will teach you a good lesson that might affect your bitcoin portfolio growth which will make you learn more on financial management because you don't want the same mistakes to occur again.

Yes the most important thing before starting investing in bitcoin is the ability to figure out the availability of discretionionary income then after that every other thing can follow suit. A good financial management can come up after figuring the availability of discretionionary income. Therefore, it shouldn't be something that will stop anyone from investing in bitcoin.

It's very simple, anyone who doesn't have discretionary income can not be able to finance their bitcoin investment seeing as how discretionary income is the foundation upon which our investment is built, this is why people who want to invest in bitcoin but aren't getting any or enough discretionary income should work on building it first, if they can't generate discretionary income then their plans to invest in bitcoin will not come to fruition so before they even work on any other thing they need to first work on their discretionary income.

[liasbaa]

It's very simple, anyone who doesn't have discretionary income can not be able to finance their bitcoin investment seeing as how discretionary income is the foundation upon which our investment is built, this is why people who want to invest in bitcoin but aren't getting any or enough discretionary income should work on building it first, if they can't generate discretionary income then their plans to invest in bitcoin will not come to fruition so before they even work on any other thing they need to first work on their discretionary income.

If you are starting a generate additional income and it takes you another year to reach the desired level of Bitcoin investment, will you continue to do so or will you start from the level of discretionary income you already have? This decision is yours because you will not waste time to start Bitcoin and it is not a prudent decision. Start accumulating Bitcoin with the amount of available funds you have.

There are examples of some folk who are able to earn but due to inflation they can never reach a good financial level. But I know some investors who are accumulating Bitcoin through discretionary income by reducing their excess expenses and earning a small amount.

The amount of Bitcoin accumulating can be of any size and increase the amount of accumulating as your income increases and stay on a long-term holding strategy.

[abaeze]

My purchase method is DCA method and one-time investment. I have estimated that my average purchase price may be 80k-90k dollars. If I buy 0.5 Bitcoin, then I need 40000 dollars. If I buy 30 dollars every week, 40000÷30= 1,333.333 weeks will be needed. 1,333.333÷52=25.641 years. It will take about 26 years to achieve my goal, but I will not take so much time. I will try to achieve my goal as soon as possible. Because sometimes I get money from my businesses. I will invest more at that time and try to achieve my portfolio target quickly.

Bitcoin market is very unpredictable, if the average purchase price you have calculated is not as per your expectation then you may get disappointed so it would be better for you to continue buying continuously without having such expectations on the market. If the price of Bitcoin reaches the highest price again then it will take a lot more time for your portfolio so do not plan this and continue buying continuously until you reach the goal of building your portfolio. I do not know if you have started buying yet but if you have not started buying then it would be better not to worry about your average purchase price.

If you focus more on market you will easily get discouraged. Just play your part by accumulating and holding despite the market conditions, all that matter is that you are building something that will turn out profitable in long run , though it is not guarantee but historical data has proven that bitcoin tend to go up as time goes despite all the up and down movement .

The really I kept saying there’s no guarantee is because we can’t actually tell the future, the only thing that doesn’t change is changes . So there will always be changes as time goes, either positive or negative changes .

As an investor you’re not meant to focus on the market, instead you should focus more on buying and holding bitcoin, and having a discretionary income as well, I have seen a scenario where people who have difficulties finding their way and feet in buying and holding bitcoin, most times it’s been a very terrible situation and experience, because they will have to panic because of their money involved, but if you’re and old investor it would be better to know that you have to keep buying and accumulating bitcoin on a consistent basis and a regular basis.

You should also focus on the market price situation while investing in Bitcoin. Don't let Bitcoin accumulating become a boring affair as the market will go up and down and discretionary income is required to stay afloat with every price trend. It is also important to have a income stream and a proper implementation process of discretionary income fund in order to invest in Bitcoin. You will find it problematic to do DCA regularly if your income is not consistent or you do not have emergency funds available.

Emergency funds are of utmost importance to maintain the necessary cash flow and security of Bitcoin holdings to maintain long term dominance in investing. The sudden need for invested capital is responsible for creating panic in investing. From that point on, you need an emergency fund and cash flow to keep yourself in a safe investment position.

Why focusing on the market before buying bitcoin when you are buying with with the DCA strategy, bitcoin is volatile and this is what you should know using the DCA strategy you don't have to worry about the volatility of bitcoin since you are either buying every weeks or months, it's also necessary that you should many income streams or several sources of income before you can start buying bitcoin as a low income earners you can still buy bitcoin as long as you have figured out your discretionary income you can buy bitcoin. Having an emergency fund is good but you can still buy bitcoin if you don't have an emergency at that time then plan getting it ahead as you are buying bitcoin.

Exactly, because danger never comes with a warning. So, by investing gradually through DCA using discretionary income, you can build both investment growth and financial security at the same time and you will be in a stable and risk free position to hold Bitcoin for the long term. As a result, you are not only investing in Bitcoin but also building a strong financial foundation that will help you weather both market volatility and personal emergencies.

[Cgrexp]

Exactly, because danger never comes with a warning. So, by investing gradually through DCA using discretionary income, you can build both investment growth and financial security at the same time and you will be in a stable and risk free position to hold Bitcoin for the long term. As a result, you are not only investing in Bitcoin but also building a strong financial foundation that will help you weather both market volatility and personal emergencies.

There is a significant difference between starting and maintaining an investment in Bitcoin. In fact, a small discretionary fund is required to start. However, keeping Bitcoin investments in play or stable in the long term is a completely different matter. If we want to sustain our investments for the long term, i.e. at least four to ten years or more, then we need to ensure that we can meet our living expenses or needs. That is, we need to be able to control our financial situation, income, and expenses.  In short, a small fund is enough to start, but financial capacity and planning are essential to keep Bitcoin in the long term. Just as many people buy various consumer goods without complete certainty of their income, they can start Bitcoin with a small fund and grow it in the long term.

[ASloveapg]

They should know that before they start it is important to understand financial management so that they will know that they are supposed to take DCA money from their discretionary funds.

Financial management is not a most for you to know before you get started with your bitcoin investment. What is important is for you to figure out if you have a discretionary income or not. If you have a discretionary income and the basic knowledge of bitcoin, you are good to start your bitcoin investment as a brand new investor. As you are investing, you should study and understand about your cash inflow in order for you to know how to manage it properly.

As you are investing consistently, you can start to put into practice financial management because if you don't assign the right funds to the appropriate use, you will make mistakes that will teach you a good lesson that might affect your bitcoin portfolio growth which will make you learn more on financial management because you don't want the same mistakes to occur again.

Yes the most important thing before starting investing in bitcoin is the ability to figure out the availability of discretionionary income then after that every other thing can follow suit. A good financial management can come up after figuring the availability of discretionionary income. Therefore, it shouldn't be something that will stop anyone from investing in bitcoin.

Yes, we need to have at least a discretionary income before we start investing, because we definitely cannot invest the money we need in a long-term investment. Since Bitcoin is a long-term investment, we must be sure about this so that we can hold our investment for the long term without any obstacles, and for this we need a discretionary income from the beginning. No decision should be made in a hurry here, the process is long-term, so the money must be used within the ability to hold it for the long term.

[I_Anime]

Exactly, because danger never comes with a warning. So, by investing gradually through DCA using discretionary income, you can build both investment growth and financial security at the same time and you will be in a stable and risk free position to hold Bitcoin for the long term. As a result, you are not only investing in Bitcoin but also building a strong financial foundation that will help you weather both market volatility and personal emergencies.

There is a significant difference between starting and maintaining an investment in Bitcoin. In fact, a small discretionary fund is required to start. However, keeping Bitcoin investments in play or stable in the long term is a completely different matter. If we want to sustain our investments for the long term, i.e. at least four to ten years or more, then we need to ensure that we can meet our living expenses or needs. That is, we need to be able to control our financial situation, income, and expenses.  In short, a small fund is enough to start, but financial capacity and planning are essential to keep Bitcoin in the long term. Just as many people buy various consumer goods without complete certainty of their income, they can start Bitcoin with a small fund and grow it in the long term.

Not even about the expenses alone . To maintain your bitcoin investment certain knowledges are required, like understanding how to maintain your wallet and safe guard it , by keeping your seed phrase checked . That’s why I usually tell folks that you can start investing with just the basic knowledge but as time goes there are some certain knowledge you need to have as an investor , that will actually help your bitcoin investment to grow   smoothly , though having different sources also helps.

[ZeroVinsonN]

It's very simple, anyone who doesn't have discretionary income can not be able to finance their bitcoin investment seeing as how discretionary income is the foundation upon which our investment is built, this is why people who want to invest in bitcoin but aren't getting any or enough discretionary income should work on building it first, if they can't generate discretionary income then their plans to invest in bitcoin will not come to fruition so before they even work on any other thing they need to first work on their discretionary income.

If you are starting a generate additional income and it takes you another year to reach the desired level of Bitcoin investment, will you continue to do so or will you start from the level of discretionary income you already have? This decision is yours because you will not waste time to start Bitcoin and it is not a prudent decision. Start accumulating Bitcoin with the amount of available funds you have.

There are examples of some folk who are able to earn but due to inflation they can never reach a good financial level. But I know some investors who are accumulating Bitcoin through discretionary income by reducing their excess expenses and earning a small amount.

The amount of Bitcoin accumulating can be of any size and increase the amount of accumulating as your income increases and stay on a long-term holding strategy.

The decision is yours indeed, but investing in bitcoin when you are not in any way generating discretionary income is not a smart investor thing to do, when you've spent everything and you don't have an alternative the next thing you are going to do at that point is to start selling the same bitcoin you decided was okay to buy outside of a sustainable discretionary income, don't make the mistake of thinking that because you still have EMERGENCY FUNDS available that you can still continue investing when you don't have any discretionary income available to you, but if you do then try to not blame others when/if you end up selling at a loss. There is no guarantee that you will run out before you can start generating discretionary income again but a smart investor will chose the safety of his assets over reckless risk.

[laijsica]

They should know that before they start it is important to understand financial management so that they will know that they are supposed to take DCA money from their discretionary funds.

Financial management is not a most for you to know before you get started with your bitcoin investment. What is important is for you to figure out if you have a discretionary income or not. If you have a discretionary income and the basic knowledge of bitcoin, you are good to start your bitcoin investment as a brand new investor. As you are investing, you should study and understand about your cash inflow in order for you to know how to manage it properly.

As you are investing consistently, you can start to put into practice financial management because if you don't assign the right funds to the appropriate use, you will make mistakes that will teach you a good lesson that might affect your bitcoin portfolio growth which will make you learn more on financial management because you don't want the same mistakes to occur again.

Yes the most important thing before starting investing in bitcoin is the ability to figure out the availability of discretionionary income then after that every other thing can follow suit. A good financial management can come up after figuring the availability of discretionionary income. Therefore, it shouldn't be something that will stop anyone from investing in bitcoin.

Yes, we need to have at least a discretionary income before we start investing, because we definitely cannot invest the money we need in a long-term investment. Since Bitcoin is a long-term investment, we must be sure about this so that we can hold our investment for the long term without any obstacles, and for this we need a discretionary income from the beginning. No decision should be made in a hurry here, the process is long-term, so the money must be used within the ability to hold it for the long term.

Having a discretionary fund is more important to start Bitcoin. A student who is still studying and has no source of income but is learning Bitcoin and is interested about Bitcoin and want to start now. If he waits for discretionary income and has to finish his studies and find a job, he can start Bitcoin with discretionary income. This process may kill your best period of bitcoin accumulation.
Compared to spending that time, if a student who is studying can reduce the amount of personal expenses from the fund allocated for his education and allocate some money for Bitcoin, it will definitely be a good investment strategy for him. Even if the amount is small, at least he will be able to develop the habit of accumulation Bitcoin and after entering the workplace, he will gradually increase the amount of Bitcoin accumulation and get a decent Bitcoin holding.

[Obulis]

So we have to invest such an amount that we don't have to face any problems even if we lose it. But I think belief is very important, for example, it is our belief that the price of Bitcoin will create the highest ATH after each halving and if we continue to invest with that belief, we will get a lot of profit. Now the price of Bitcoin is relatively low, to exceed last year's ATH, it will have to be almost double the current price. So if we can invest now, if the next Bitcoin halving creates the highest ATH after that, we can make about two to three times the profit.

As a newbie your focus shouldn't be on profits rather your focus should be reaching your accumulation target. If you focus on profit all the time and given the way you are emphasising profits,you might tamper with your portfolio when bitcoin reaches ATH which isn't right approach to invest in bitcoin.  My advice for you never to focus on profits but rather focus on reaching your accumulation target first through ongoing, consistent, persistent and aggressve accumulation.

Imo, the best strategy is a combination of faith, patience, and discipline. You can be positive about the market, but at the same time follow a specific plan and gradually build your portfolio. This way, you will be able to capture big opportunities, as well as control the risks. Chasing profits is not bad, but it should not disrupt the process of consistently increasing savings. Investing regularly and patiently using the DCA strategy gives good results in the long run and reduces the risk of making emotional decisions. It is one of the most tested and successful strategies to date.

Do you mean that chasing profit as a new investor isn't bad? When an investor who is supposed to buying bitcoin is now thinking of chasing profit he will probably become a trader because all this target will be to sell when there is a slightest increase in the price of bitcoin, going into to market with the intention of chasing profit is even not good because we are not guarantee profit in bitcoin.
Bitcoin is an investment we should go in with our discretionary income knowing that nothing is guaranteed buy regularly and maintain a long time hodl what ever happen you take it the way you see it.

Mostly the impression of any investors focusing on profits making while he/she is still on the buying and accumulating processes is because of the wrong impression he/she has gotten from the investor that introduced them into Bitcoin,  so sometimes i don't blame some newbies that has grown in the crypto world with such mentality of focusing on profits making from his day one of investing and when he thinks his not longer a newbie, that he have arrived with what it takes to be an investors, is a totally lie because once a newbie has the wrong foundation on how Bitcoin works from the beginning stages, there is nothing know one can do about it until he advise himself that he is going in the wrong direction, so for me i always love to stress out the point of laying a good foundation from the beginning for all newbies so that when he is no more a newbie he will not depart from the right direction on Bitcoin actually works in other to more profitable than focusing on making profits within a short period of investment.

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

[I_Anime]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

[Silikiem]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

Every investor should be worried about how to stand their investment first because if the investment is fully built and stands for the long term then you have win already. Profit in bitcoin investment is simply how strong one’s bitcoin portfolio is and being able to meet your accumulation goals. And not everyone invests in bitcoin for profit making, most persons invest in bitcoin for other purposes it could be to protect their funds against government policies on fiat cash or currency, some for more security to their money, some bank stress, some inflation s etc. most persons are already wealthy in cash and they just needs a way to protect or invest some of their money as against most of these above listed factors and not just for profit making in bitcoin and they intend to do that for long term and secure financial future for themselves and even their children yet unborn through the long term bitcoin investment.

[cxtreenal]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

Every investor should be worried about how to stand their investment first because if the investment is fully built and stands for the long term then you have win already. Profit in bitcoin investment is simply how strong one’s bitcoin portfolio is and being able to meet your accumulation goals. And not everyone invests in bitcoin for profit making, most persons invest in bitcoin for other purposes it could be to protect their funds against government policies on fiat cash or currency, some for more security to their money, some bank stress, some inflation s etc. most persons are already wealthy in cash and they just needs a way to protect or invest some of their money as against most of these above listed factors and not just for profit making in bitcoin and they intend to do that for long term and secure financial future for themselves and even their children yet unborn through the long term bitcoin investment.

You are right after all many investors do not expect to make a profit but rather to protect themselves from the erosion of fiat currency due to inflation. Although the purpose of Bitcoin is literally to make a profit for this you need to increase your holdings by following the DCA method regularly. I think it is true that profits depend on Bitcoin holdings but investors who can do long term DCA and consider this long term period, 4-10 years or more, are likely to make more profits. By maintaining discipline with their patience nature can reward them for accumulating Bitcoin regularly. Basically being disciplined in investing is important as well as having a consistent dynamic of accumulating Bitcoin regularly. It can be realistic to implement Bitcoin accumulation so extensively and also focus on the growth of real assets by withdrawing profits after two or three cycles, without withdrawing capital.

[POPOLUV]

They should know that before they start it is important to understand financial management so that they will know that they are supposed to take DCA money from their discretionary funds.

Financial management is not a most for you to know before you get started with your bitcoin investment. What is important is for you to figure out if you have a discretionary income or not. If you have a discretionary income and the basic knowledge of bitcoin, you are good to start your bitcoin investment as a brand new investor. As you are investing, you should study and understand about your cash inflow in order for you to know how to manage it properly.

As you are investing consistently, you can start to put into practice financial management because if you don't assign the right funds to the appropriate use, you will make mistakes that will teach you a good lesson that might affect your bitcoin portfolio growth which will make you learn more on financial management because you don't want the same mistakes to occur again.

Yes the most important thing before starting investing in bitcoin is the ability to figure out the availability of discretionionary income then after that every other thing can follow suit. A good financial management can come up after figuring the availability of discretionionary income. Therefore, it shouldn't be something that will stop anyone from investing in bitcoin.

It's very simple, anyone who doesn't have discretionary income can not be able to finance their bitcoin investment seeing as how discretionary income is the foundation upon which our investment is built, this is why people who want to invest in bitcoin but aren't getting any or enough discretionary income should work on building it first, if they can't generate discretionary income then their plans to invest in bitcoin will not come to fruition so before they even work on any other thing they need to first work on their discretionary income.

For me, these discretionary income is not too hard to get because we all know that investing in Bitcoin it doesn't require you to invest with all your money, at such, since discretionary income is an income that is left after all your payment of bills, so for that, i will suggest that if any investors doesn't have a discretionary income available with him, and he is willing to invest in a long term investment as per on how Bitcoin works and the discretionary income is not coming as expected, it is a bad idea of such investor  to sell off any of his asset that he knows he can afford to buy back, because i believe so much in the fact that, we use money to chance money, and if it requires selling what you can buy back in future, just process and sell it, because most of our parents are poor today because they are afraid of taking risk to invest, so they felts they could loss all their money in an investment.

[Cgrexp]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

It can be helpful to have some extra BTC to ensure that the withdrawal rate is sustainable and to monitor the price of Bitcoin over time to ensure that the rate of price growth is higher than the withdrawal. Determining the level of excess savings is not an exact science, and reaching a level slightly above the target level is usually better than starting to withdraw immediately after reaching the target. It may take longer to reach the same position in the future with the same income, which can serve as an incentive for many to accumulate higher BTC savings rates and become more disciplined. However, aggressively trying to accumulate Bitcoin can harm an investor financially and emotionally.

[The Founding Titan]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

It can be helpful to have some extra BTC to ensure that the withdrawal rate is sustainable and to monitor the price of Bitcoin over time to ensure that the rate of price growth is higher than the withdrawal. Determining the level of excess savings is not an exact science, and reaching a level slightly above the target level is usually better than starting to withdraw immediately after reaching the target. It may take longer to reach the same position in the future with the same income, which can serve as an incentive for many to accumulate higher BTC savings rates and become more disciplined. However, aggressively trying to accumulate Bitcoin can harm an investor financially and emotionally.

Even after reaching over accumulation and investor can still accumulate bitcoin, you are right, it's better to have toom much than to not have enough and with bitcoin investment, when trying to take profit, it's better that you are well above your over-accumulation then for you to still be below it because it would mean that you are withdrawing prematurely and also we should set a limit to how we spend once we have hit over-accumulation, the plan is to live a sustainable life and if we withdraw then the percentage increase in the value of bitcoin should still be higher than what we withdraw, there is no certainty that this will be the case for everyone but for most it is a better target.

[Qhunman]

For me, these discretionary income is not too hard to get because we all know that investing in Bitcoin it doesn't require you to invest with all your money, at such, since discretionary income is an income that is left after all your payment of bills, so for that, i will suggest that if any investors doesn't have a discretionary income available with him, and he is willing to invest in a long term investment as per on how Bitcoin works and the discretionary income is not coming as expected, it is a bad idea of such investor  to sell off any of his asset that he knows he can afford to buy back, because i believe so much in the fact that, we use money to chance money, and if it requires selling what you can buy back in future, just process and sell it, because most of our parents are poor today because they are afraid of taking risk to invest, so they felts they could loss all their money in an investment.

Your post isn't clear. Bitcoin investment should be done with discretionary income and if you don't have discretionary fund available,it advisable that you wait until when you have discretionary income available otherwise you aren't investing but gambling. However I wouldn't advised you sell your valuable properties because you don't have steady discretionary income , instead invest when you have discretionary income available and seek for additional available sources of income that will generate steady discretionary income..

[Proty]

For me, these discretionary income is not too hard to get because we all know that investing in Bitcoin it doesn't require you to invest with all your money, at such, since discretionary income is an income that is left after all your payment of bills, so for that, i will suggest that if any investors doesn't have a discretionary income available with him, and he is willing to invest in a long term investment as per on how Bitcoin works and the discretionary income is not coming as expected, it is a bad idea of such investor  to sell off any of his asset that he knows he can afford to buy back, because i believe so much in the fact that, we use money to chance money, and if it requires selling what you can buy back in future, just process and sell it, because most of our parents are poor today because they are afraid of taking risk to invest, so they felts they could loss all their money in an investment.

Getting discretionionary income may not be hard for you but that doesn't mean it is applicable to everyone. There are people that may not have discretionionary income that is the reason why anyone that wants to invest in bitcoin should First of all be able to figure out if they have discretionionary income available to do so. Also don't forget that people financial situation do differ, therefore you may not find it difficult to get discretionionary but it doesn't mean others won't and also there are people that may not be able to sort out there discretionionary income from there expenses.

[JayJuanGee]

They should know that before they start it is important to understand financial management so that they will know that they are supposed to take DCA money from their discretionary funds.

Financial management is not a most for you to know before you get started with your bitcoin investment. What is important is for you to figure out if you have a discretionary income or not. If you have a discretionary income and the basic knowledge of bitcoin, you are good to start your bitcoin investment as a brand new investor. As you are investing, you should study and understand about your cash inflow in order for you to know how to manage it properly.

As you are investing consistently, you can start to put into practice financial management because if you don't assign the right funds to the appropriate use, you will make mistakes that will teach you a good lesson that might affect your bitcoin portfolio growth which will make you learn more on financial management because you don't want the same mistakes to occur again.

Yes the most important thing before starting investing in bitcoin is the ability to figure out the availability of discretionionary income then after that every other thing can follow suit. A good financial management can come up after figuring the availability of discretionionary income. Therefore, it shouldn't be something that will stop anyone from investing in bitcoin.

It's very simple, anyone who doesn't have discretionary income can not be able to finance their bitcoin investment seeing as how discretionary income is the foundation upon which our investment is built, this is why people who want to invest in bitcoin but aren't getting any or enough discretionary income should work on building it first, if they can't generate discretionary income then their plans to invest in bitcoin will not come to fruition so before they even work on any other thing they need to first work on their discretionary income.

For me, these discretionary income is not too hard to get because we all know that investing in Bitcoin it doesn't require you to invest with all your money, at such, since discretionary income is an income that is left after all your payment of bills, so for that, i will suggest that if any investors doesn't have a discretionary income available with him, and he is willing to invest in a long term investment as per on how Bitcoin works and the discretionary income is not coming as expected, it is a bad idea of such investor  to sell off any of his asset that he knows he can afford to buy back, because i believe so much in the fact that, we use money to chance money, and if it requires selling what you can buy back in future, just process and sell it, because most of our parents are poor today because they are afraid of taking risk to invest, so they felts they could loss all their money in an investment.

You are mixing up three different things, @POPOLUV.

There is a difference between 1) continuing to buy bitcoin 2) stopping from buying and just holding and 3) selling bitcoin.

So surely if we are in our accumulation phase we are likely striving to continue to buy as long as we have discretionary funds, yet if we don't have discretionary funds then we might not be able to buy, even though we would not necessarily devolve into selling any of our bitcoin unless we run out of discretionary funds and then use up any of our various back up funds so that we don't have anything else left that we can sell, and if we are not able to defer expenses then we might have to sell bitcoin to cover such expenses.  There would not necessarily be any need to mix up every action at on time, yet if we are in a situation in which our income had gone down and/or expenses had increased, we would likely have a pecking order for what we would do to try to avoid getting to the point of selling bitcoin, so perhaps we would stop buying bitcoin first and/or cut any unnecessary expenses (perhaps we would try to raise money or sell things), and then if the situation is persisting, then we might deplete all of our resources and have not choice but to sell some or all of our bitcoin  depending on the seriousness and continuation of the situation and perhaps depending on how many bitcoin that we had, we might not have to sell all of our bitcoin.

[Homemade-IQ]

An investor can't be profit minded from day one because he's not going to sell any time soon, so he can't be thinking of profit making. That means anyone thinking of profit is not an investor because when you talk of profit as soon as possible then it's definitely through trading.
Also, an investor can't be the one that will introduce a newbie to start trading. An investor will encourage a newbie on what he's doing which is holding while a trader is for sure the one who will encourage a newbie into trading. Two different people with different direction.

We all started investing the first place with the sole aim  to make profits in a long run . That doesn’t mean we will have to be our main focus doing the journey of building that , that will generate the profits when the time comes , so first aim should be how we are going to build our investment by accumulating as much as we can . When come to bitcoin investment there are phases for everything , we have the accumulation phase, the holding phase and the taken profits phase , so we have to follow this sequentially so you can’t accumulate and start looking profit you have to hold (by waiting ) till it is the right time to think of taken profits .

It can be helpful to have some extra BTC to ensure that the withdrawal rate is sustainable and to monitor the price of Bitcoin over time to ensure that the rate of price growth is higher than the withdrawal. Determining the level of excess savings is not an exact science, and reaching a level slightly above the target level is usually better than starting to withdraw immediately after reaching the target. It may take longer to reach the same position in the future with the same income, which can serve as an incentive for many to accumulate higher BTC savings rates and become more disciplined. However, aggressively trying to accumulate Bitcoin can harm an investor financially and emotionally.

Even after reaching over accumulation and investor can still accumulate bitcoin, you are right, it's better to have toom much than to not have enough and with bitcoin investment, when trying to take profit, it's better that you are well above your over-accumulation then for you to still be below it because it would mean that you are withdrawing prematurely and also we should set a limit to how we spend once we have hit over-accumulation, the plan is to live a sustainable life and if we withdraw then the percentage increase in the value of bitcoin should still be higher than what we withdraw, there is no certainty that this will be the case for everyone but for most it is a better target.

I think that if you have gotten to that over accumulation status and you wishes to take some profits, let it be done in a way whereby you will not go out of that over accumulation status, so that you wouldn't lose that leverage of having enough unit of Bitcoin in your wallet.
One mistakes most investors do is that after holding for long, like 10-15 years, they just will just wake up one day and sell everything off and become a no coiner overnight, which i think is wrong, that's not how real holders of Bitcoin behaves.