Balancing Financial security and Bitcoin Accumulation

[JayJuanGee]

This is not entirely correct, for some people, their regular income might not be producing discretionary income for them and it's only enough to attend to their expenses

No matter the amount you earn, it only takes discipline to invest into bitcoin regularly because with higher income comes greater responsibility, for example, if you were living in a single room apartment when you were earning 300 dollar monthly and you get a job with a better pay, let's say 700 dollar, you would probably want to move to a better apartment for comfort sake and ofcourse this will cost you more money. My take on this, if you can't invest through discipline when you were earning less, you probably won't invest even if you are earning higher, it all boils down to discipline and setting priorities right. So long as you are earning, there's no excuse not to invest except it is lack of self discipline.

I agree with you that you need to be very disciplined financially in other to invest in Bitcoin and be successful at it, but I just want to let you know that their are some folks that their net income is just too small, and it is not even enough to take care of their basic needs.
So when faced with such a situation, what such person should be doing is looking for an additional source of discretionary income, so that he can have a discretionary income left to invest with, after all his basic needs have been met, because if your basic needs are above your income, their is no way you can invest in Bitcoin, since you can't figure out your discretionary income.

Many times, situations with poor people can be more ambiguous, since some poor people might be quite desperate to get out of poverty and to figure out how to invest, so many poor people may come to the conclusion that they have enough money to invest when they do not... .. .so sometimes it can take a bit of effort to make sure that the discretionary income is high enough so that the investor is not going to need the money for 4-10 years or longer, and yeah, if guys are consistently only making small amounts of money and even if they are able to meet all of their basic expenses, they still might get themselves into trouble by investing when they don't have enough money.

Surely, it can be quite good to figure out how to clearly earn some extra money.. and even to build up systems so that the poor people are never tempted to tap into the amount of money that they had put into bitcoin until a time of their choosing, which may well be way more than 10 years down the road... and yeah, 10 years or more down the road can really seem like an eternity for poor people who are ongoingly struggling to make enough money or to make more than enough money so that they can enjoy the luxury of being able to invest.

it is also good to invest, and to not be forced out of our investment, and surely bitcoin provides so many opportunities for poor people who might otherwise never be able to invest since so many investments tend to need a lot of capital to invest, and so bitcoin allows for quite small amounts.. even though surely there might be some needs to find exchanges or something to be able to transfer $10 or whatever might be the amount of bitcoin that is bought.

Hopefully, even poor people can figure out ways to buy bitcoin on a regular basis (even if relatively small amounts), so that progress can be made, even though it could take years and years and years to really be able to measure progress and surely needs to make sure that the bitcoin is protected too.. since it would really suck for some otherwise poor people to be investing into bitcoin for 15-20 years or more and then end up suffering some kind of security breach based on lack of taking sufficient/adequate precautions to guard and protect the bitcoin that had been accumulated through much labor and ongoing efforts.

[cocadalcan]

it is also good to invest, and to not be forced out of our investment, and surely bitcoin provides so many opportunities for poor people who might otherwise never be able to invest since so many investments tend to need a lot of capital to invest, and so bitcoin allows for quite small amounts.. even though surely there might be some needs to find exchanges or something to be able to transfer $10 or whatever might be the amount of bitcoin that is bought.

A poor person could never imagine any investment. By accumulation Bitcoin poor people can start investing in Bitcoin with a small amount of funds. As you said at least $10 which is a very convenient investment strategy. Investing is good and investing in Bitcoin is even better for the poor because even with a limited amount, long term accumulation strategy makes them confident and by practicing about Bitcoin they can understand the importance of this asset and its future potential. No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

[abaeze]

Hopefully, even poor people can figure out ways to buy bitcoin on a regular basis (even if relatively small amounts), so that progress can be made, even though it could take years and years and years to really be able to measure progress and surely needs to make sure that the bitcoin is protected too.. since it would really suck for some otherwise poor people to be investing into bitcoin for 15-20 years or more and then end up suffering some kind of security breach based on lack of taking sufficient/adequate precautions to guard and protect the bitcoin that had been accumulated through much labor and ongoing efforts.

I agree with your every important words because sometimes a little carelessness or negligence causes a lot of trouble and regret later. Bitcoin gives the poor and the poor an opportunity to get the benefits of investment, but if it is lost due to their own ignorance, then it will not be profitable by blaming fate. Investing in Bitcoin is as easy as it is important to keep it in your custody.

If a farmer cultivates the land and grows crops, but when it is time to harvest, he leaves the crops in the land without harvesting, then just as that crop is of no use to the farmer, similarly, if the Sats accumulated little by little for 15-20 years cannot be sold at the right time due to losing the seeds or forgetting the password, then there can be no greater tragedy than this.

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

[Cgrexp]

A poor person could never imagine any investment. By accumulation Bitcoin poor people can start investing in Bitcoin with a small amount of funds. As you said at least $10 which is a very convenient investment strategy. Investing is good and investing in Bitcoin is even better for the poor because even with a limited amount, long term accumulation strategy makes them confident and by practicing about Bitcoin they can understand the importance of this asset and its future potential. No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

Investing without proper management can be a risk for anyone. Therefore, you should never invest your basic needs. Again, you do not need a large amount of money for investment. Anyone can invest even with just ten dollars. For many, ten dollars may seem like a small amount. However, poor people can take advantage of Bitcoin within their means even with this ten dollars. The amount is not a big deal in investment. Success does not come based on the amount. Through regular savings, discipline and consistency, long-term success can be achieved even from small amounts of money.

[Silikiem]

Hopefully, even poor people can figure out ways to buy bitcoin on a regular basis (even if relatively small amounts), so that progress can be made, even though it could take years and years and years to really be able to measure progress and surely needs to make sure that the bitcoin is protected too.. since it would really suck for some otherwise poor people to be investing into bitcoin for 15-20 years or more and then end up suffering some kind of security breach based on lack of taking sufficient/adequate precautions to guard and protect the bitcoin that had been accumulated through much labor and ongoing efforts.

I agree with your every important words because sometimes a little carelessness or negligence causes a lot of trouble and regret later. Bitcoin gives the poor and the poor an opportunity to get the benefits of investment, but if it is lost due to their own ignorance, then it will not be profitable by blaming fate. Investing in Bitcoin is as easy as it is important to keep it in your custody.

If a farmer cultivates the land and grows crops, but when it is time to harvest, he leaves the crops in the land without harvesting, then just as that crop is of no use to the farmer, similarly, if the Sats accumulated little by little for 15-20 years cannot be sold at the right time due to losing the seeds or forgetting the password, then there can be no greater tragedy than this.

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

A newbie coming into bitcoin investment must not understand the entire system before he can start investing in bitcoin. Even if you spend years trying to understand the entire system you can never know everything about bitcoin because no one is a master of it and you’re not the one controlling bitcoin as bitcoin is really unpredictable. And a newbie starting to invest must not know about bitcoin security before he can start. A basic knowledge and the availability of a discretionary income is the core thing a newbie must need to have to start investing in bitcoin, he must not wait or delay getting started with bitcoin accumulation trying to learn about bitcoin security and wanting to understand the entire system especially when his discretionary income is available, it’s advisable to get started with accumulation of bitcoin and hold and along the line he will be able to learn and know more about bitcoin as he’s ongoingly accumulating bitcoin and hold, and also be able to make necessary adjustments and important investments decisions regarding the long term success of his investment.

[Umulala-alala]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

[I_Anime]

A poor person could never imagine any investment. By accumulation Bitcoin poor people can start investing in Bitcoin with a small amount of funds. As you said at least $10 which is a very convenient investment strategy. Investing is good and investing in Bitcoin is even better for the poor because even with a limited amount, long term accumulation strategy makes them confident and by practicing about Bitcoin they can understand the importance of this asset and its future potential. No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

Investing without proper management can be a risk for anyone. Therefore, you should never invest your basic needs. Again, you do not need a large amount of money for investment. Anyone can invest even with just ten dollars. For many, ten dollars may seem like a small amount. However, poor people can take advantage of Bitcoin within their means even with this ten dollars. The amount is not a big deal in investment. Success does not come based on the amount. Through regular savings, discipline and consistency, long-term success can be achieved even from small amounts of money.

Firstly before going into investment you have to set a target like a goal , you can't invest without direction it may affect your investment in a long run . After setting a reasonable goal , next is to work towards it . Like usually say investing ain't complex at all and same time is not an easy task that's why you have to be careful with your investment, because any decision you make will surely affect your investment, if you decide to reduce your expenditure in order to build your investment, your investment will grow faster and same goes when you increase your expenditure, your investment will slow down . That's we should be careful with any decision we make , but there are certain Principes that one can follow order to make their bitcoin investment smoother , principles like investing with amount you can stay without using for long , having an emergency funds, and so on .

[Emjay24]

No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

You kind of contradict yourself here, capital is needed and that is your discretionary income and if you don't have it you should not invest and since bitcoin isn't free, you need such a capital before starting. You need discretionary income to be available periodically before you can invest consistently into bitcoin and the periods you invest depends on your cashflow or your ability to spread available discretionary income accross period pending when the discretionary income becomes available again. For example a salaried person can choose to invest monthly since his discretionary income becomes available at the end of the month when salary is paid and such a person can still decide to spread his buying amount accross weeks of the month to buy weekly. Good thing that DCA buys is customizable and every investor can tailor theirs how it suits them

DCA can still be used by even poor people as long as they can identify to having discretionary income and investors can do themselves some good to try and workaround their finances to get more discretionary income available without neglecting their expenses to be able to invest into bitcoin with a higher amount. Backup funds are also needed to be built alongside your investment to protect your portfolio and both investment fund and backup fund are built from your capital which is your discretionary income.

[liasbaa]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

If you don't start investing in Bitcoin, you won't know about many things about investing. You study a lot to learn, but if you don't put it into practice, many things about that subject will remain unknown. For example, we read in textbooks how to invest or trade, but discretionary funds and emergency funds are not explained in detail. To learn about these things, you have to invest in Bitcoin and have your own idea of ​​how to solve them by knowing your weaknesses in the financial field. If you are involved in investing through your own funds, it will be easier to learn about investing.

The best way to learn Bitcoin is to gain basic knowledge accumulate through discretionary income and plan what are the weaknesses of long term investment and what kind of plans can be made to increase Bitcoin holdings and reach the overaccumulation stage, etc.

[ZeroVinsonN]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

Those people are just making excuses instead of investing when they have the time to do so, anyone with common sense will be able to know that what they need to invest is their discretionary income, having excessive knowledge about bitcoin isn't necessarily to be able to accumulate bitcoin, it's important to have the knowledge but it is not a criteria to be able able to invest, they are people who do not have that much knowledge about bitcoin but are accumulating and holding.

[Sulegzy39]

A impoverished person could never contemplate making an investment.  As you mentioned, at least $10 is a highly practical investment approach. Investing is excellent, and investing in Bitcoin is especially good for the poor since, even with a modest amount, a long-term accumulation strategy gives them confidence, and by practicing with Bitcoin, they may appreciate the importance of this asset and its future potential. There is no need for capital, therefore Bitcoin can be purchased easily using the DCA technique and discretionary income, which should be increased as your income grows.

[BluebloodCXVI]

There is no need for capital, therefore Bitcoin can be purchased easily using the DCA technique and discretionary income, which should be increased as your income grows.

I’d like to believe that you made a typo here because to the best of my knowledge, any money that you are putting into an investment is known as Capital so that means that even your discretionary income becomes your capital as soon as you invest it into your portfolio. Certainly every investment requires capital even if it is a small one and bitcoin happens to fall under the category of an asset that allows the use of small capital to invest in it.

[cocadalcan]

A poor person could never imagine any investment. By accumulation Bitcoin poor people can start investing in Bitcoin with a small amount of funds. As you said at least $10 which is a very convenient investment strategy. Investing is good and investing in Bitcoin is even better for the poor because even with a limited amount, long term accumulation strategy makes them confident and by practicing about Bitcoin they can understand the importance of this asset and its future potential. No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

Investing without proper management can be a risk for anyone. Therefore, you should never invest your basic needs. Again, you do not need a large amount of money for investment. Anyone can invest even with just ten dollars. For many, ten dollars may seem like a small amount. However, poor people can take advantage of Bitcoin within their means even with this ten dollars. The amount is not a big deal in investment. Success does not come based on the amount. Through regular savings, discipline and consistency, long-term success can be achieved even from small amounts of money.

$10 may seem like a small amount to some folk at the beginning of Bitcoin accumulation but for a new investor this amount is very significant. Starting to accumulate Bitcoin is more important for you because you are still new to Bitcoin and in the future it will be easier to understand the intrinsic value of Bitcoin by doing practical exercises to gain more skills about investing. In the future your income will increase and the amount of discretionary income will also increase. Even if you are limited to $10 for Bitcoin in the initial period your financial situation can reach such a good position that it may increase to $1k weekly.

[Gost ms]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

Those people are just making excuses instead of investing when they have the time to do so, anyone with common sense will be able to know that what they need to invest is their discretionary income, having excessive knowledge about bitcoin isn't necessarily to be able to accumulate bitcoin, it's important to have the knowledge but it is not a criteria to be able able to invest, they are people who do not have that much knowledge about bitcoin but are accumulating and holding.

If we have general knowledge about Bitcoin, then we can start investing. Maybe common sense does not say that we need to know and learn a lot to start investing. Common sense is, except knowing whether we have a source of discretionary income or not. If a person has a source of discretionary income, then he is definitely suitable for investing. By starting investing, a person can advance investment and all other knowledge in parallel.

It is the wisest thing to advance both investment and knowledge at the same time. Whenever a person tries to advance one, he will fall into the risk or fall behind. So it is better to advance both in parallel.

[POPOLUV]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

[PhilosopherKing]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

It is pointless and needless for any person to be delaying their self indefinitely just because they are trying to lean about bitcoin. It is not possible for person to know everything about bitcoin at a stretch and that is because Bitcoin is very broad and when person wait before they invest, it can make the person to delay from taking the action of beginning their ongoing investment

Person learn bitcoin better when they invest ongoingly. And learning and investing can even be done side by side. So a person can start with a amount that is small and then accumulate ongoingly and continue to build their knowledge alltogether along the way

[Futurexxx]

There is no need for capital, therefore Bitcoin can be purchased easily using the DCA technique and discretionary income, which should be increased as your income grows.

I’d like to believe that you made a typo here because to the best of my knowledge, any money that you put into an investment is known as Capital so that means that even your discretionary income becomes your capital as soon as you invest it into your portfolio. Every investment requires capital even if it is a small one and bitcoin happens to fall under the category of an asset that allows the use of small capital to invest in it.

It's not a typing error as you are thinking, because his statement shows that he said that confidently, even though he is ignorant, thinking that he is saying the right thing, without knowing that he is wrong, because any money invested into any asset is your capital, and in the case of Bitcoin investment, our discretionary income is our capital, so we should not dispute that fact or not coming to terms with reality.

The only way most Bitcoin investors runs into trouble while investing in Bitcoin is because they invested beyond or way from their discretionary income, and they also fails to have a backup funds in place, just in case of emergency. If all these are  put into place, the chances of your investment being a success is very high.

[The Founding Titan]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

It is pointless and needless for any person to be delaying their self indefinitely just because they are trying to lean about bitcoin. It is not possible for person to know everything about bitcoin at a stretch and that is because Bitcoin is very broad and when person wait before they invest, it can make the person to delay from taking the action of beginning their ongoing investment

Person learn bitcoin better when they invest ongoingly. And learning and investing can even be done side by side. So a person can start with a amount that is small and then accumulate ongoingly and continue to build their knowledge alltogether along the way

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

[liasbaa]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

It is pointless and needless for any person to be delaying their self indefinitely just because they are trying to lean about bitcoin. It is not possible for person to know everything about bitcoin at a stretch and that is because Bitcoin is very broad and when person wait before they invest, it can make the person to delay from taking the action of beginning their ongoing investment

Person learn bitcoin better when they invest ongoingly. And learning and investing can even be done side by side. So a person can start with a amount that is small and then accumulate ongoingly and continue to build their knowledge alltogether along the way

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

A person gains knowledge and applies it in practice. If you are a newbie and want to accumulate Bitcoin that time is very important for you because there will be no shortage of people to depress you because most of them do not wish you well. Many will not encourage you if you try to learn about Bitcoin.
If you have discretionary income you will start accumulation Bitcoin and this is very important for you if you are initially knowledgeable about Bitcoin. Learning will be easier and more fruitful for you if you start investing in Bitcoin and can be involved in the regular practice process.

If a person who is still learning Bitcoin wants to increase the learning period further, it will not be fair to his capital because over time he will lose the funds he has because for everyone demand is unlimited. Learn the basics of Bitcoin and invest in Bitcoin with the available funds before it is too late.

[Tonimez]

it is also good to invest, and to not be forced out of our investment, and surely bitcoin provides so many opportunities for poor people who might otherwise never be able to invest since so many investments tend to need a lot of capital to invest, and so bitcoin allows for quite small amounts.. even though surely there might be some needs to find exchanges or something to be able to transfer $10 or whatever might be the amount of bitcoin that is bought.

A poor person could never imagine any investment. By accumulation Bitcoin poor people can start investing in Bitcoin with a small amount of funds. As you said at least $10 which is a very convenient investment strategy. Investing is good and investing in Bitcoin is even better for the poor because even with a limited amount, long term accumulation strategy makes them confident and by practicing about Bitcoin they can understand the importance of this asset and its future potential. No capital is required so Bitcoin can be easily through DCA strategy and through discretionary income that is best to increase the amount as your income increases.

How do you mean by that there's no capital required in bitcoin investment? That one uses DCA strategy in accumulation of bitcoin does not keep him out of the need for capital since the DCA strategy runs on money which a person does not need in the near future. Such amount of money which the investor does not need at the moment is the fund we refer to as discretionary income or funds. This funds is used to buy bitcoin and it can also be rightly referred to as your investment capital.  This implies that you gradually infuse your capital periodically using the DCA strategy. DCA is only a strategy and all strategies need money to practice. We only learn more about DCA approach because it is very investor friendly and allows the poor people to also own bitcoin with as little as they can spare in the form of discretionary income while also attempting to figure out other alternatives to improving their sources of income or additional source of income.