Balancing Financial security and Bitcoin Accumulation

[Obulis]

[edited out]

I am not calling any individual a fool. My point is that arguing about a subject without understanding is not a wise approach. My statement is not directed at any person, it is about the quality of the argument itself. Therefore, it is better not to misinterpret the message and divert the discussion away from its main point. I believe that if there is a disagreement on any issue, it should be discussed through facts, evidence, and logical reasoning. At the same time, it is neither necessary nor realistic for everyone to agree on everything, and people should be free to hold different opinions.

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

What knowledge are you presuming bitcoin newbies do not have?

Do you think that bitcoin newbies can decide for themselves the extent to which they have enough knowledge to get started buying bitcoin?

Do you think that bitcoin newbies can adjust their starting position size to the level of their comfort (and knowledge) based on their own judgement?

From my own perspective, I will proclaim that a bitcoin newbie needs to be able to figure out that they have discretionary funds and even enough discretionary funds in order to get started buying bitcoin, and if they cannot figure out if they have discretionary funds, then they have to figure that out first before they are able to invest, because if they were to end up buying bitcoin with money they need for their expenses, then they are trading/gambling and not investing..

Otherwise, I am not going to presume that anyone does not have enough judgement to figure out if he has enough knowledge to get started buying bitcoin as soon as he figures out that he has discretionary funds, that he can adjust his position size to the level of his comfort and/or knowledge and he can continue to study the areas about bitcoin and/or cashflow management that he feels that he needs to know more while he is already ongoingly buying bitcoin at an amount that is comfortable for his situation.

It will likely be difficult for a Bitcoin newbie to decide that they have acquired enough knowledge to start Bitcoin accumulation. The issue of acquiring enough knowledge has held some people from starting to buy Bitcoin.
Consigning discretionary funds, all some people need to do to start Bitcoin holding is to decide to start keeping discretionary funds or to start to figure out their discretionary funds because their lifestyle ordinarily makes it hard for them to have discretionary funds. For those who have been making savings all they need is to start Bitcoin accumulation and continue learning on the go! Generally, newbies who is used to some internet or website terminologies can start buying Bitcoin immediate haven figured out their discretionary funds.

Bitcoin newbies will think they need a special kind of education or knowledge to be able to buy Bitcoin but buying of Bitcoin is almost a similar procedure as paying bills online or using modern banking process and ideas on how to avoid scam when buying Bitcoin doesn't require days or months to be understood.

[Umulala-alala]

[edited out]

I am not calling any individual a fool. My point is that arguing about a subject without understanding is not a wise approach. My statement is not directed at any person, it is about the quality of the argument itself. Therefore, it is better not to misinterpret the message and divert the discussion away from its main point. I believe that if there is a disagreement on any issue, it should be discussed through facts, evidence, and logical reasoning. At the same time, it is neither necessary nor realistic for everyone to agree on everything, and people should be free to hold different opinions.

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

What knowledge are you presuming bitcoin newbies do not have?

Do you think that bitcoin newbies can decide for themselves the extent to which they have enough knowledge to get started buying bitcoin?

Do you think that bitcoin newbies can adjust their starting position size to the level of their comfort (and knowledge) based on their own judgement?

From my own perspective, I will proclaim that a bitcoin newbie needs to be able to figure out that they have discretionary funds and even enough discretionary funds in order to get started buying bitcoin, and if they cannot figure out if they have discretionary funds, then they have to figure that out first before they are able to invest, because if they were to end up buying bitcoin with money they need for their expenses, then they are trading/gambling and not investing..

Otherwise, I am not going to presume that anyone does not have enough judgement to figure out if he has enough knowledge to get started buying bitcoin as soon as he figures out that he has discretionary funds, that he can adjust his position size to the level of his comfort and/or knowledge and he can continue to study the areas about bitcoin and/or cashflow management that he feels that he needs to know more while he is already ongoingly buying bitcoin at an amount that is comfortable for his situation.

It will likely be difficult for a Bitcoin newbie to decide that they have acquired enough knowledge to start Bitcoin accumulation. The issue of acquiring enough knowledge has held some people from starting to buy Bitcoin.
Consigning discretionary funds, all some people need to do to start Bitcoin holding is to decide to start keeping discretionary funds or to start to figure out their discretionary funds because their lifestyle ordinarily makes it hard for them to have discretionary funds. For those who have been making savings all they need is to start Bitcoin accumulation and continue learning on the go! Generally, newbies who is used to some internet or website terminologies can start buying Bitcoin immediate haven figured out their discretionary funds.

Bitcoin newbies will think they need a special kind of education or knowledge to be able to buy Bitcoin but buying of Bitcoin is almost a similar procedure as paying bills online or using modern banking process and ideas on how to avoid scam when buying Bitcoin doesn't require days or months to be understood.

Anybody who can read and understand can invest in bitcoin what is important is if they have discretionary income, discretionary income is the major tools in investing in bitcoin it's when you are investing you are going to know more about bitcoin investment those who are saying they need to learn first before starting are just giving unnecessary excuses it's either they don't have there discretionary income or are traders waiting for slit dip to buy and sell if there is an increase, any one who uses money that isn't his discretionary income is gambling and also a trader because he will be long in the market.

[JayJuanGee]

[edited out]

I am not calling any individual a fool. My point is that arguing about a subject without understanding is not a wise approach. My statement is not directed at any person, it is about the quality of the argument itself. Therefore, it is better not to misinterpret the message and divert the discussion away from its main point. I believe that if there is a disagreement on any issue, it should be discussed through facts, evidence, and logical reasoning. At the same time, it is neither necessary nor realistic for everyone to agree on everything, and people should be free to hold different opinions.

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

What knowledge are you presuming bitcoin newbies do not have?
Do you think that bitcoin newbies can decide for themselves the extent to which they have enough knowledge to get started buying bitcoin?

Do you think that bitcoin newbies can adjust their starting position size to the level of their comfort (and knowledge) based on their own judgement?
From my own perspective, I will proclaim that a bitcoin newbie needs to be able to figure out that they have discretionary funds and even enough discretionary funds in order to get started buying bitcoin, and if they cannot figure out if they have discretionary funds, then they have to figure that out first before they are able to invest, because if they were to end up buying bitcoin with money they need for their expenses, then they are trading/gambling and not investing..

Otherwise, I am not going to presume that anyone does not have enough judgement to figure out if he has enough knowledge to get started buying bitcoin as soon as he figures out that he has discretionary funds, that he can adjust his position size to the level of his comfort and/or knowledge and he can continue to study the areas about bitcoin and/or cashflow management that he feels that he needs to know more while he is already ongoingly buying bitcoin at an amount that is comfortable for his situation.

It will likely be difficult for a Bitcoin newbie to decide that they have acquired enough knowledge to start Bitcoin accumulation. The issue of acquiring enough knowledge has held some people from starting to buy Bitcoin.
Consigning discretionary funds, all some people need to do to start Bitcoin holding is to decide to start keeping discretionary funds or to start to figure out their discretionary funds because their lifestyle ordinarily makes it hard for them to have discretionary funds. For those who have been making savings all they need is to start Bitcoin accumulation and continue learning on the go! Generally, newbies who is used to some internet or website terminologies can start buying Bitcoin immediate haven figured out their discretionary funds.

Bitcoin newbies will think they need a special kind of education or knowledge to be able to buy Bitcoin but buying of Bitcoin is almost a similar procedure as paying bills online or using modern banking process and ideas on how to avoid scam when buying Bitcoin doesn't require days or months to be understood.

Maybe you can give some examples of what you are talking about @ Obulis?  Since I did not say anything about any knowledge being needed beyond an ability to figure out discretionary funds, and so if the person has common sense, then they can figure out how much they want to start to invest into bitcoin with.

So what that people don't know and they are still afraid to get started?  Why can't they figure out some way to deal with their fear or their sense of not having enough knowledge through the action of starting to buy bitcoin.

I would think that if a person figures out that he has discretionary funds then he can figure out how much he is starting to buy bitcoin with, and yeah, of course, he has to figure out from where he is going to source his bitcoin, and so if he does not know from where to source his bitcoin, then that could also lead to some delays.

Do I need to give an example with some numbers?  The numbers should be able to help to imagine how much discretionary funds that a guy might be working with.  Maybe you @Obulis or some other member can provide the numbers in order to attempt to describe the difference between having fear and not having fear and why it even matters?  If a guy has discretionary funds, then he should be able to figure out some price point in which there is not any fear.  He should not be starting to buy bitcoin with an amount of money that causes him fear.

So let's say that he figures out the location that he is going to start to buy his bitcoin and he has already spent some time setting up an account.  So then we get to the numbers, right?  How much money does he have?  And what are the various parameters?  The guy isn't just working from within a vacuum, right?  He got to his current position from somewhere.  Pray tell, @Obulis or any other member.  Flesh it out.  Flesh out how to deal with the fear.,. or the supposed sense of not having enough knowledge, when he already has knowledge of the most important thing, which is how much money he has available.

[Joeboy]

~snip~

Maybe you can give some examples of what you are talking about @ Obulis?  Since I did not say anything about any knowledge being needed beyond an ability to figure out discretionary funds, and so if the person has common sense, then they can figure out how much they want to start to invest into bitcoin with.

So what that people don't know and they are still afraid to get started?  Why can't they figure out some way to deal with their fear or their sense of not having enough knowledge through the action of starting to buy bitcoin.

I would think that if a person figures out that he has discretionary funds then he can figure out how much he is starting to buy bitcoin with, and yeah, of course, he has to figure out from where he is going to source his bitcoin, and so if he does not know from where to source his bitcoin, then that could also lead to some delays.

Do I need to give an example with some numbers?  The numbers should be able to help to imagine how much discretionary funds that a guy might be working with.  Maybe you @Obulis or some other member can provide the numbers in order to attempt to describe the difference between having fear and not having fear and why it even matters?  If a guy has discretionary funds, then he should be able to figure out some price point in which there is not any fear.  He should not be starting to buy bitcoin with an amount of money that causes him fear.

So let's say that he figures out the location that he is going to start to buy his bitcoin and he has already spent some time setting up an account.  So then we get to the numbers, right?  How much money does he have?  And what are the various parameters?  The guy isn't just working from within a vacuum, right?  He got to his current position from somewhere.  Pray tell, @Obulis or any other member.  Flesh it out.  Flesh out how to deal with the fear.,. or the supposed sense of not having enough knowledge, when he already has knowledge of the most important thing, which is how much money he has available.

Well pointed out... Fear is kinda one of the central factor which can very well delay folks from actually kickstarting their accumulation journey... And this fear begets lots of overthinking and calculations...The best way to conquer and deal with this fear is simply just to start from whatever position that is comfortable for you, regardless of how little that amount may seem.. And surely one's natural instinct should be able to do the job of informing the person the amount that could be invested comfortably.. If worst comes to worse, it's best ones start small and keep build up as you go instead of a continued delay... Coz a little coiner is a always far more better than being a No coiner who always keep procrastinating over and over again...

[JayJuanGee]

~snip~

Maybe you can give some examples of what you are talking about @ Obulis?  Since I did not say anything about any knowledge being needed beyond an ability to figure out discretionary funds, and so if the person has common sense, then they can figure out how much they want to start to invest into bitcoin with.

So what that people don't know and they are still afraid to get started?  Why can't they figure out some way to deal with their fear or their sense of not having enough knowledge through the action of starting to buy bitcoin.

I would think that if a person figures out that he has discretionary funds then he can figure out how much he is starting to buy bitcoin with, and yeah, of course, he has to figure out from where he is going to source his bitcoin, and so if he does not know from where to source his bitcoin, then that could also lead to some delays.

Do I need to give an example with some numbers?  The numbers should be able to help to imagine how much discretionary funds that a guy might be working with.  Maybe you @Obulis or some other member can provide the numbers in order to attempt to describe the difference between having fear and not having fear and why it even matters?  If a guy has discretionary funds, then he should be able to figure out some price point in which there is not any fear.  He should not be starting to buy bitcoin with an amount of money that causes him fear.

So let's say that he figures out the location that he is going to start to buy his bitcoin and he has already spent some time setting up an account.  So then we get to the numbers, right?  How much money does he have?  And what are the various parameters?  The guy isn't just working from within a vacuum, right?  He got to his current position from somewhere.  Pray tell, @Obulis or any other member.  Flesh it out.  Flesh out how to deal with the fear.,. or the supposed sense of not having enough knowledge, when he already has knowledge of the most important thing, which is how much money he has available.

Well pointed out... Fear is kinda one of the central factor which can very well delay folks from actually kickstarting their accumulation journey... And this fear begets lots of overthinking and calculations...The best way to conquer and deal with this fear is simply just to start from whatever position that is comfortable for you, regardless of how little that amount may seem.. And surely one's natural instinct should be able to do the job of informing the person the amount that could be invested comfortably.. If worst comes to worse, it's best ones start small and keep build up as you go instead of a continued delay... Coz a little coiner is a always far more better than being a No coiner who always keep procrastinating over and over again...

Of course, brand new bitcoiners have the difficulty of getting started and also figuring out from where they are going to buy their bitcoin, yet if they figure out from where they are going to buy their bitcoin and they already know that they have discretionary funds, then the main question should merely be about how much do they want to start with.  If they clearly know that they could start out with buying $100 per week and that they could sustain that buying amount for 6 months or more, yet instead they purposefully decide to start out with $30 per week while they are investigating further into bitcoin and/or their own cashflow management situation, then I hardly see any reason for such a newbie to be fearful.

There could be other kinds of guys who are already in bitcoin that are becoming more fearful, yet it seems difficult to understand if a guy might have already been buying $100 per week of bitcoin for the past year or maybe two years, and then he becomes disappointed that the BTC price is going down rather than up, then sure maybe he could adjust his weekly amount downwards in order to account for his fear, yet if he has been being consistent, then there seems to be no real reason to adjust his weekly bitcoin buying amounts downwards.

On the other hand, if guys have been buying the dip and increasing their buy amounts on the dip, yet the BTC price keeps dipping, then they may end up putting themselves in their own pickle by failing/refusing to ongoingly strengthen their cashflow and to keep their cashflow strong.. which is another reason why I frequently suggest that there is no need to be fucking around trying to change the level of aggressiveness on bitcoin price changes rather than perhaps just changing the aggressiveness level based on strengthening of the cashflow situation, to the extent that there  might be times in which the cashflow situation becomes stronger due to increases in income and/or decreases in expenses.

[MainIbem]

Well pointed out... Fear is kinda one of the central factor which can very well delay folks from actually kickstarting their accumulation journey... And this fear begets lots of overthinking and calculations...The best way to conquer and deal with this fear is simply just to start from whatever position that is comfortable for you, regardless of how little that amount may seem.. And surely one's natural instinct should be able to do the job of informing the person the amount that could be invested comfortably.. If worst comes to worse, it's best ones start small and keep build up as you go instead of a continued delay... Coz a little coiner is a always far more better than being a No coiner who always keep procrastinating over and over again...

Of course, brand new bitcoiners have the difficulty of getting started and also figuring out from where they are going to buy their bitcoin, yet if they figure out from where they are going to buy their bitcoin and they already know that they have discretionary funds, then the main question should merely be about how much do they want to start with.  If they clearly know that they could start out with buying $100 per week and that they could sustain that buying amount for 6 months or more, yet instead they purposefully decide to start out with $30 per week while they are investigating further into bitcoin and/or their own cashflow management situation, then I hardly see any reason for such a newbie to be fearful.

There could be other kinds of guys who are already in bitcoin that are becoming more fearful, yet it seems difficult to understand if a guy might have already been buying $100 per week of bitcoin for the past year or maybe two years, and then he becomes disappointed that the BTC price is going down rather than up, then sure maybe he could adjust his weekly amount downwards in order to account for his fear, yet if he has been being consistent, then there seems to be no real reason to adjust his weekly bitcoin buying amounts downwards.

They're brand new which automatically makes them clueless at the beginning but when they eventually figure out their way around Bitcoin investment some tend understand it better with time while others get confused, panic or lose interest especially if they came into it with the idea of quick profit. But I expect that the ones with the intention of achieving their goal should draw their motivations from the history of Bitcoin cause anyone who trace back to the history would likely never lose courage or be disappointed when price decreases cause the person would notice that Bitcoin has made worst dips in the past but still recovered. It could even motivate the person to increase the allocation for discretionary funds instead of reducing the amount that Bitcoin is bought with.

[JayJuanGee]

Well pointed out... Fear is kinda one of the central factor which can very well delay folks from actually kickstarting their accumulation journey... And this fear begets lots of overthinking and calculations...The best way to conquer and deal with this fear is simply just to start from whatever position that is comfortable for you, regardless of how little that amount may seem.. And surely one's natural instinct should be able to do the job of informing the person the amount that could be invested comfortably.. If worst comes to worse, it's best ones start small and keep build up as you go instead of a continued delay... Coz a little coiner is a always far more better than being a No coiner who always keep procrastinating over and over again...

Of course, brand new bitcoiners have the difficulty of getting started and also figuring out from where they are going to buy their bitcoin, yet if they figure out from where they are going to buy their bitcoin and they already know that they have discretionary funds, then the main question should merely be about how much do they want to start with.  If they clearly know that they could start out with buying $100 per week and that they could sustain that buying amount for 6 months or more, yet instead they purposefully decide to start out with $30 per week while they are investigating further into bitcoin and/or their own cashflow management situation, then I hardly see any reason for such a newbie to be fearful.

There could be other kinds of guys who are already in bitcoin that are becoming more fearful, yet it seems difficult to understand if a guy might have already been buying $100 per week of bitcoin for the past year or maybe two years, and then he becomes disappointed that the BTC price is going down rather than up, then sure maybe he could adjust his weekly amount downwards in order to account for his fear, yet if he has been being consistent, then there seems to be no real reason to adjust his weekly bitcoin buying amounts downwards.

They're brand new which automatically makes them clueless at the beginning but when they eventually figure out their way around Bitcoin investment some tend understand it better with time while others get confused, panic or lose interest especially if they came into it with the idea of quick profit. But I expect that the ones with the intention of achieving their goal should draw their motivations from the history of Bitcoin cause anyone who trace back to the history would likely never lose courage or be disappointed when price decreases cause the person would notice that Bitcoin has made worst dips in the past but still recovered. It could even motivate the person to increase the allocation for discretionary funds instead of reducing the amount that Bitcoin is bought with.

I will agree with you that there is a learning curve in bitcoin, and guys who work towards learning bitcoin (beyond just considering it in terms of number go up, since number does not always go up), they will have better chances to build better systems and resilience around bitcoin... .. yet at the same time, I am not going to consider all bitcoin newbies to be dummies or even to presume that newbies are going to figure out the various empowering aspects of bitcoin that likely brings it value, yet those empowering aspects of bitcoin are ongoingly under attack and continuing to be under attack in recent times with the various paper bitcoin products, KYC control mechanisms and various other burdens to self-custody and private transactions.

Many of us ongoingly discuss that we do not have to have high levels of knowledge about bitcoin or even about our finances when we get started with bitcoin, even though surely there are advantages to any of the guys who are incentivized to learn more about bitcoin as they buy into bitcoin and surely it can be difficult to get people to actually spend time figuring out the value in self-custody, even though surely there are likely some folks who are not going to be able to learn self-custody, and there may also be needs to try to make self-custody easier, even though governments, financial institutions and status quo rich people might not be our friends when it comes to these kinds of self-sovereignty matters.

[The Founding Titan]

[edited out]

I am not calling any individual a fool. My point is that arguing about a subject without understanding is not a wise approach. My statement is not directed at any person, it is about the quality of the argument itself. Therefore, it is better not to misinterpret the message and divert the discussion away from its main point. I believe that if there is a disagreement on any issue, it should be discussed through facts, evidence, and logical reasoning. At the same time, it is neither necessary nor realistic for everyone to agree on everything, and people should be free to hold different opinions.

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

What knowledge are you presuming bitcoin newbies do not have?

Do you think that bitcoin newbies can decide for themselves the extent to which they have enough knowledge to get started buying bitcoin?

Do you think that bitcoin newbies can adjust their starting position size to the level of their comfort (and knowledge) based on their own judgement?

From my own perspective, I will proclaim that a bitcoin newbie needs to be able to figure out that they have discretionary funds and even enough discretionary funds in order to get started buying bitcoin, and if they cannot figure out if they have discretionary funds, then they have to figure that out first before they are able to invest, because if they were to end up buying bitcoin with money they need for their expenses, then they are trading/gambling and not investing..

Otherwise, I am not going to presume that anyone does not have enough judgement to figure out if he has enough knowledge to get started buying bitcoin as soon as he figures out that he has discretionary funds, that he can adjust his position size to the level of his comfort and/or knowledge and he can continue to study the areas about bitcoin and/or cashflow management that he feels that he needs to know more while he is already ongoingly buying bitcoin at an amount that is comfortable for his situation.

It will likely be difficult for a Bitcoin newbie to decide that they have acquired enough knowledge to start Bitcoin accumulation. The issue of acquiring enough knowledge has held some people from starting to buy Bitcoin.
Consigning discretionary funds, all some people need to do to start Bitcoin holding is to decide to start keeping discretionary funds or to start to figure out their discretionary funds because their lifestyle ordinarily makes it hard for them to have discretionary funds. For those who have been making savings all they need is to start Bitcoin accumulation and continue learning on the go! Generally, newbies who is used to some internet or website terminologies can start buying Bitcoin immediate haven figured out their discretionary funds.

Bitcoin newbies will think they need a special kind of education or knowledge to be able to buy Bitcoin but buying of Bitcoin is almost a similar procedure as paying bills online or using modern banking process and ideas on how to avoid scam when buying Bitcoin doesn't require days or months to be understood.

Anybody who can read and understand can invest in bitcoin what is important is if they have discretionary income, discretionary income is the major tools in investing in bitcoin it's when you are investing you are going to know more about bitcoin investment those who are saying they need to learn first before starting are just giving unnecessary excuses it's either they don't have there discretionary income or are traders waiting for slit dip to buy and sell if there is an increase, any one who uses money that isn't his discretionary income is gambling and also a trader because he will be long in the market.

The value of the discretionary income to an investor can never be overstated, that's just how important it is and that's why anyone who wants to invest in bitcoin should be sure to have figured out their discretionary income first, without it then their plans of investing will not come to fruition and this is something that every newbie should know before starting out on their investment journey so they don't end up making mistakes from the very start of their investment, when people invest beyond their discretionary income they end up not being able to pay for other things that lead to them having to sell their bitcoin prematurely to pay for those things, and most time they sell at a loss which makes them not be able to trust bitcoin, it was a mistake but since they don't realize that it was a mistake from themselves they end up blaming bitcoin.