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.

[ZeroVinsonN]

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.

Of course someone who's never had anything at all to do with bitcoin would probably just know about the price and in that very instant say it very expensive, most of them don't even know that it started out from a very low price before climbing to the point it is right now and it's also that kind of ignorance that makes it look like bitcoin is too expensive for them to buy right now (we are expecting the price to still climb higher even though we can't predict it) they don't realize that they can buy in much smaller units.
A nocoiner who is a newbie need to know that they can buy bitcoin in smaller units with their discretionary income, with this knowledge they can start accumulating bitcoin.

[Primark]

[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.

It is quite difficult to say that he is ready to invest just by reading and understanding. Again, I think it is unreasonable to sit around until he learns everything. In my opinion, a new investor who wants to invest should probably first set aside money for necessary expenses or his responsibilities. Then, if he has even a little discretionary income, he can start saving slowly and continue learning with that. Because Bitcoin has given us enough time and opportunity to learn from our own experience while starting. Bitcoin is not something that we have to start knowingly and knowingly. I am not saying that it is not important to know about self-custody, security, scams, wallets. I am just saying that it is not necessary to know much about these things to start. Because a new person can start from the exchange without waiting to learn. Then he can continue saving on the exchange until he is aware of the wallet,self-custody, security. Then when he is aware of these things  Once he understands his own security,he can transfer from the exchange to his own wallet. And I wouldn't consider using an exchange in the initial learning phase wrong, but rather a learning step. But ultimately,self-custody is the key.

[Cgrexp]

[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.

Discretionary funds are in line with our income. If our basic needs are met and our reserve funds are also maintained, there may be discretionary funds left to invest in Bitcoin. If we prioritize discretionary funds first but forget the basic funds for our daily needs, this sometimes makes investors take the wrong steps in their investments. In Bitcoin, DCA is not only about the amount of investment, but also its quality. This means that we do not only focus on increasing the wealth of the portfolio quickly but also want to be comfortable in our investments. So that the funds necessary for our livelihood are well preserved and our investments run smoothly. Because our goal is how we can continue to invest in the long term without worrying about the lifestyle .

[Frankolala]

Discretionary funds are in line with our income. If our basic needs are met and our reserve funds are also maintained, there may be discretionary funds left to invest in Bitcoin. If we prioritize discretionary funds first but forget the basic funds for our daily needs, this sometimes makes investors take the wrong steps in their investments. In Bitcoin, DCA is not only about the amount of investment, but also its quality. This means that we do not only focus on increasing the wealth of the portfolio quickly but also want to be comfortable in our investments. So that the funds necessary for our livelihood are well preserved and our investments run smoothly. Because our goal is how we can continue to invest in the long term without worrying about the lifestyle .

Everything you said is true, but I will like to throw more light on the bolded part. You are only to take care of your basic needs and monthly expenses first. Any funds left is your discretionary income. It's from you discretionary income that you use part of it to set up your reserve funds buy using 1/3 of your discretionary income to invest in bitcoin, another 1/3 for building your emergency funds and reserve funds while the last part will be for your discretionary consumptions.

[abaeze]

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.

Just as there is a difference between buying and investing in Bitcoin, there is also a difference between investing in Bitcoin and holding it for the long term. And understanding this requires knowledge, but how much knowledge an investor can acquire in minutes, hours, days or months depends on the individual. For a Bitcoin investor, buying and holding Bitcoin and most of the knowledge in this regard will not help them in their investment. But that does not mean that one cannot know various things about Bitcoin, but no one can say or even if they say it for the sake of argument, it will not be logical.

However, you may say that you do not need to know much to start investing in Bitcoin, but you need to know what an emergency fund is, what a reserve fund is and why it is important to maintain your Bitcoin holdings. And these fall into the acquisition of knowledge. And this is necessary so that you are not unprepared in real life emergencies.  One thing to remember is that the survival of your Bitcoin investment and the fact that the reserve fund is very important, ignorance of these things will harm your investment during an emergency. And I want to briefly explain these things by gaining knowledge.

So, it is better to say that it is not necessary to know much to start, but it is very important to have the knowledge to keep your Bitcoin holdings strongly for their survival and I believe this whole hearted. If anyone disagrees with this, that is their business.

[Hardyrobust]

Discretionary funds are in line with our income. If our basic needs are met and our reserve funds are also maintained, there may be discretionary funds left to invest in Bitcoin. If we prioritize discretionary funds first but forget the basic funds for our daily needs, this sometimes makes investors take the wrong steps in their investments. In Bitcoin, DCA is not only about the amount of investment, but also its quality. This means that we do not only focus on increasing the wealth of the portfolio quickly but also want to be comfortable in our investments. So that the funds necessary for our livelihood are well preserved and our investments run smoothly. Because our goal is how we can continue to invest in the long term without worrying about the lifestyle .

Everything you said is true, but I will like to throw more light on the bolded part. You are only to take care of your basic needs and monthly expenses first. Any funds left is your discretionary income. It's from you discretionary income that you use part of it to set up your reserve funds buy using 1/3 of your discretionary income to invest in bitcoin, another 1/3 for building your emergency funds and reserve funds while the last part will be for your discretionary consumptions.

It must not be 1/3 rd of an investor discretionary funds that should be used for buying bitcoin or setting up a reserver funds. This may go well with but it may not go well with other investors. So I think this should be done based on an investor personal decision. An investor can decide to used half of there discretionary income or something below 1/3 of there discretionary funds for buying bitcoin as long as it won't affect them in any way.

[PhilosopherKing]

Just as there is a difference between buying and investing in Bitcoin, there is also a difference between investing in Bitcoin and holding it for the long term. And understanding this requires knowledge, but how much knowledge an investor can acquire in minutes, hours, days or months depends on the individual. For a Bitcoin investor, buying and holding Bitcoin and most of the knowledge in this regard will not help them in their investment. But that does not mean that one cannot know various things about Bitcoin, but no one can say or even if they say it for the sake of argument, it will not be logical.

However, you may say that you do not need to know much to start investing in Bitcoin, but you need to know what an emergency fund is, what a reserve fund is and why it is important to maintain your Bitcoin holdings. And these fall into the acquisition of knowledge. And this is necessary so that you are not unprepared in real life emergencies.  One thing to remember is that the survival of your Bitcoin investment and the fact that the reserve fund is very important, ignorance of these things will harm your investment during an emergency. And I want to briefly explain these things by gaining knowledge.

So, it is better to say that it is not necessary to know much to start, but it is very important to have the knowledge to keep your Bitcoin holdings strongly for their survival and I believe this whole hearted. If anyone disagrees with this, that is their business.

It is importantto start than to be delaying endlessly.

Bitcoin investment is done gradually and you figure things also gradually. You can't expect person to be sitting around trying to learn how to secure their bitcoin when they haven't gotten any bitcoin stash to protect. When person have discretionary income and also common sense to figure amount to use, then for me I think person should not wait to figure out everything and just get the fuck started in their ongoing investing and figure other things along the way.

[Cgrexp]

Discretionary funds are in line with our income. If our basic needs are met and our reserve funds are also maintained, there may be discretionary funds left to invest in Bitcoin. If we prioritize discretionary funds first but forget the basic funds for our daily needs, this sometimes makes investors take the wrong steps in their investments. In Bitcoin, DCA is not only about the amount of investment, but also its quality. This means that we do not only focus on increasing the wealth of the portfolio quickly but also want to be comfortable in our investments. So that the funds necessary for our livelihood are well preserved and our investments run smoothly. Because our goal is how we can continue to invest in the long term without worrying about the lifestyle .

Everything you said is true, but I will like to throw more light on the bolded part. You are only to take care of your basic needs and monthly expenses first. Any funds left is your discretionary income. It's from you discretionary income that you use part of it to set up your reserve funds buy using 1/3 of your discretionary income to invest in bitcoin, another 1/3 for building your emergency funds and reserve funds while the last part will be for your discretionary consumptions.

It must not be 1/3 rd of an investor discretionary funds that should be used for buying bitcoin or setting up a reserver funds. This may go well with but it may not go well with other investors. So I think this should be done based on an investor personal decision. An investor can decide to used half of there discretionary income or something below 1/3 of there discretionary funds for buying bitcoin as long as it won't affect them in any way.

If we invest in Bitcoin and our assumptions about our future income and ability to continue spending are proven wrong, it is possible that we will run out of money and be forced to sell some or all of our Bitcoin against our will. While we certainly don't want this outcome, each of us must calculate our own future income and future spending to determine how much of our discretionary funds are sufficient to purchase Bitcoin.