Balancing Financial security and Bitcoin Accumulation

[Decimetre]

There has never been any other better time to start your bitcoin accumulation order than NOW. If you are still waiting for tomorrow before you start, then you are getting it all wrong. The only genuine reason for not starting today should be the absence of your discretionary income. There has been folks who learned about bitcoin earlier than now perhaps, in the early developmental stage, but never bought a bitcoin simply because of "Tomorrow".

When a person starts procrastinating, fear enters and he starts wishing to buy at lower price, he believes that bitcoin would drop further and uses it as a reason to waste his time further. This is not supposed to be so when you have your discretionary income already. Your mentality while going into bitcoin largely determines how successful you would become and this mentality is the only antidote to procrastination. When you plan for a long-term investment, you begin to see reason to buy bitcoin at any price since you intend to hold over a long time during which you have more chances of making profit.

Bitcoin traders are known for timing the market and waiting for further Dip. Most of them buy today and sell tomorrow and mostly ending up with losses.

Now is even too late... Since for me the best time to start was yesterday Bitcoin investment is best when it is long termed, and if folks plan is long termed, they could very well start out small, then build up and also unlearn and learn as they go.. And this is why waiting or having the procastinating mentality shouldn't longer be a thing amongst investors...And honestly I really like to think that understanding Bitcoin itself can only come through an actual involvement... Involvement or experience gives investors first hand knowledge of how the market behave which is something that can't be learnt when folks keeps excluding themselves...

There are factors that could have made a folk not to invest yesterday ranging from ignorance to lack of funds. Yesterday is irreversible but today is still here with its full opportunities. When a person gets to know about bitcoin, he starts to think about it and could then give it a try. There's no better time to invest in bitcoin than "Now" especially if you have your discretionary income. We may not blame ourselves for the days we were ignorant of this bitcoin opportunities, but we can't save ourselves from the guilt of remaining a no coiner after hearing about bitcoin and also having a discretionary income to invest but refused to invest.

There's no point timing the market or getting locked in with the charts because that's where the real delay usually emanate. If you understand that your investments should be aimed at holding for at least 4 to 10 years, then you won't bother what the price is today because you believe that your chances of making profit in the long run is very high.

[POPOLUV]

I think you are the one that is misunderstanding Chilwell because I also believe that proper handling of the emergency funds would help you to get more profit. Bitcoin is a long term asset and should be treated well by proper handling of your emergency funds. Proper handling of emergency funds will lead to more profit because you will be able to keep your bitcoin for a long time without selling it and this means more profit potentials. But when you don't handle your emergency funds properly, you may not make more profit because you may even sell your bitcoin faster than you wanted to sell because maybe you did not handle your emergency funds well and you are now faced with an emergency situations.

I think this is what Chilwell means.

In as much as I understand the point you’re trying to pass across, i‘ll urge you to be more precise with your statements so people won’t misinterpret what you’re saying and think you’re confused.
That being said, you should take note that emergency funds does not directly help anybody to get more profit in their bitcoin investment. The main work of emergency funds is to help you keep your portfolio untouched incase of any unexpected occurrences and frankly speaking, this can help to improve your chances of getting better outcomes in your bitcoin investment but it will not directly guarantee profit for you. So IMO, emergency funds is more of a financial safety tool than a profit generating tool as you’re putting it.

You totally correct about all your pointed out because over the years in this forum i haven't come across any threads that investors were discussing that the purpose of keeping your emergency fund with you is to get more profits, all newbies should try to be aware with the procedure of buying and accumulating Bitcoin without falling a victim of selling prematurely, on the failure of keeping your emergency fund ever ready for circumstances, so as an investors it is left for you to be able to figure out the best way to go about your investments, by being able to sorting out all necessary things that will help you regulate your buying of Bitcoin and accumulating in a manner that you will not run out emergency funds incase of any unforseen circumstances that might happen as you grow with your investments.

[KawasakiNinja1_]

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

it's indeed a bad idea to delay or not invest in bitcoin because of wanting to gather every knowledge about bitcoin before starting while still remaining a no coiner. Some people may end up not investing at all because they will continue procrastinating and making up excuses. Instead of them to use the available discretionary income to start there bitcoin investment and then expands there knowledge about bitcoin as they go on with there bitcoin investment.

Why do you want to collect all the knowledge before starting Bitcoin investment, rather than explaining to the mind that we can be a suitable person for investment with a little knowledge. In fact, there is no such rule in Bitcoin investment that you will become a person full of knowledge before starting, rather if everyone starts with a little knowledge, it is not difficult to become an expert in investment while keeping the path moving. See, I say that one way to expand Bitcoin investment is possible from the starting screen that if someone starts with a little knowledge and tries to learn along with investing, then two tasks are completed for him at once, one is investing and the other is learning about this investment.

[yixichloro2xx]

There has never been any other better time to start your bitcoin accumulation order than NOW. If you are still waiting for tomorrow before you start, then you are getting it all wrong. The only genuine reason for not starting today should be the absence of your discretionary income. There has been folks who learned about bitcoin earlier than now perhaps, in the early developmental stage, but never bought a bitcoin simply because of "Tomorrow".

When a person starts procrastinating, fear enters and he starts wishing to buy at lower price, he believes that bitcoin would drop further and uses it as a reason to waste his time further. This is not supposed to be so when you have your discretionary income already. Your mentality while going into bitcoin largely determines how successful you would become and this mentality is the only antidote to procrastination. When you plan for a long-term investment, you begin to see reason to buy bitcoin at any price since you intend to hold over a long time during which you have more chances of making profit.

Bitcoin traders are known for timing the market and waiting for further Dip. Most of them buy today and sell tomorrow and mostly ending up with losses.

Now is even too late... Since for me the best time to start was yesterday Bitcoin investment is best when it is long termed, and if folks plan is long termed, they could very well start out small, then build up and also unlearn and learn as they go.. And this is why waiting or having the procastinating mentality shouldn't longer be a thing amongst investors...And honestly I really like to think that understanding Bitcoin itself can only come through an actual involvement... Involvement or experience gives investors first hand knowledge of how the market behave which is something that can't be learnt when folks keeps excluding themselves...

There are factors that could have made a folk not to invest yesterday ranging from ignorance to lack of funds. Yesterday is irreversible but today is still here with its full opportunities. When a person gets to know about bitcoin, he starts to think about it and could then give it a try. There's no better time to invest in bitcoin than "Now" especially if you have your discretionary income. We may not blame ourselves for the days we were ignorant of this bitcoin opportunities, but we can't save ourselves from the guilt of remaining a no coiner after hearing about bitcoin and also having a discretionary income to invest but refused to invest.

There's no point timing the market or getting locked in with the charts because that's where the real delay usually emanate. If you understand that your investments should be aimed at holding for at least 4 to 10 years, then you won't bother what the price is today because you believe that your chances of making profit in the long run is very high.

You are, if someone can show their interest in Bitcoin whilst having money to Invest, they should do it right away. Procrastination is another reasons why people miss out on Bitcoin. Sometimes they will if Bitcoin reach this particular price i will start to invest, or if I have this amount of money I then start investing, so many excuses till they miss out on Bitcoin. And when the price starts pumping, regrets will now fill their mind where they will start saying "If I has known I could have invested in Bitcoin". Starting small is the best way for someone to familiarize themselves with Bitcoin and build confidence over time. It also helps reduce fear and makes it easier to stay consistent instead of always waiting for the perfect moment.

[Hardyrobust]

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

it's indeed a bad idea to delay or not invest in bitcoin because of wanting to gather every knowledge about bitcoin before starting while still remaining a no coiner. Some people may end up not investing at all because they will continue procrastinating and making up excuses. Instead of them to use the available discretionary income to start there bitcoin investment and then expands there knowledge about bitcoin as they go on with there bitcoin investment.

Why do you want to collect all the knowledge before starting Bitcoin investment, rather than explaining to the mind that we can be a suitable person for investment with a little knowledge. In fact, there is no such rule in Bitcoin investment that you will become a person full of knowledge before starting, rather if everyone starts with a little knowledge, it is not difficult to become an expert in investment while keeping the path moving. See, I say that one way to expand Bitcoin investment is possible from the starting screen that if someone starts with a little knowledge and tries to learn along with investing, then two tasks are completed for him at once, one is investing and the other is learning about this investment.

It is obvious that you don't understand what I was actually saying because what you said in your post is quite different from what I was saying. Infact it appears you didn't take time to through my post before replying because if you do you would have understood that I was saying is wrong for an investor to delay investing in bitcoin with the excuse that they want to gain more knowledge before they can start accumulating bitcoin.

[abaeze]

There are factors that could have made a folk not to invest yesterday ranging from ignorance to lack of funds. Yesterday is irreversible but today is still here with its full opportunities. When a person gets to know about bitcoin, he starts to think about it and could then give it a try. There's no better time to invest in bitcoin than "Now" especially if you have your discretionary income. We may not blame ourselves for the days we were ignorant of this bitcoin opportunities, but we can't save ourselves from the guilt of remaining a no coiner after hearing about bitcoin and also having a discretionary income to invest but refused to invest.

There's no point timing the market or getting locked in with the charts because that's where the real delay usually emanate. If you understand that your investments should be aimed at holding for at least 4 to 10 years, then you won't bother what the price is today because you believe that your chances of making profit in the long run is very high.

You are, if someone can show their interest in Bitcoin whilst having money to Invest, they should do it right away. Procrastination is another reasons why people miss out on Bitcoin. Sometimes they will if Bitcoin reach this particular price i will start to invest, or if I have this amount of money I then start investing, so many excuses till they miss out on Bitcoin. And when the price starts pumping, regrets will now fill their mind where they will start saying "If I has known I could have invested in Bitcoin". Starting small is the best way for someone to familiarize themselves with Bitcoin and build confidence over time. It also helps reduce fear and makes it easier to stay consistent instead of always waiting for the perfect moment.

Bitcoin prices can fluctuate by 20%–50% or more in the short term. If someone has this mental preparation, it can usually be a better decision to start investing with a small amount than to wait indefinitely. Because after starting the investment, when someone starts depositing Bitcoin little by little but regularly and will know this is a strategy called DCA and this method is particularly effective. Then they will be able to believe that Bitcoin is a valuable asset in the long term.

So in my opinion, to reduce the risk of investing a large amount at the wrong time, instead of wasting time thinking too much, invest regularly through DCA so that the tendency to make decisions based on emotions is reduced but extra time is not wasted in deciding to invest.

However, I do not completely agree with one thing, which is that "those who have money should invest now" This is not correct in all situations. Because before investing in Bitcoin, you should at least know the things I said before investing, then you should invest, only then the investment has the possibility of being big and successful.  One thing to keep in mind is that if you have money, you can invest without in-depth knowledge, but if you don't know even a little bit that "money that is needed for urgent needs should not be invested in Bitcoin," then it is not possible to sustain that investment in the long term and make it successful.

[Futurexxx]

  I was saying is wrong for an investor to delay investing in bitcoin with the excuse that they want to gain more knowledge before they can start accumulating bitcoin.

That's truly wrong because trying to figure everything out before starting will only delay your accumulation and your ability to start, that's why I believe that the only valuable reason a bitcoin investor should delay in starting his Bitcoin investment or accumulation is when he has not been able to figure out his discretionary income, but once he can figure that out, their is nothing should be stopping him because procrastination may easily set in, so starting right away once your discretionary income is available is the ideal way to go about your bitcoin investment.