How much think should be keep in mind when starting a Bitcoin investment ?

[Versatile_choice]

Your topic is a little bit confusing how much thing should be keep in mind when starting a bitcoin investment? are you actually talking about the aspect of knowledge or the amount we should have in our discretionary income before getting started? If that's what you meant then there's no amount that is fixed for everyone to start with you're free to start with any amount so Long as it is coming from your discretionary funds. As for the knowledge of course it is essential to know the basic things about bitcoin investment before investing so that to avoid unnecessary mistake.

[iBaba]

Your subject is not organised i think you should habe edited it, we all get the message. One thing you must prepare for before getting into bitcoin investment is to have emergency funds without this you are going to have problems in your journey as an investor. A lot of people don't really invest for a long period of time because when they have a challenge they take out their investment to solve their problems not minding if they are in profit or loss. Its really important to have asl source of income before considering to make an investment in bitcoin

Emergency funds are very important in bitcoin investment because emergency funds solve our emergency and help us hold our bitcoin for the long term, but I think before getting into bitcoin investment, it's essential to have discretionary income before thinking about having emergency funds because if you do not have discretionary income, you cannot kick start bitcoin investment and build emergency funds.

The truth is, anyone that is planning of going fully into bitcoin investment and wants to do it for a very long period of time but also have in mind the need for them to plan out a good emergency funds strategy. Emergency funds are as important as the money they are keeping for their investments. I will even advise that before you start your investments, you should begin by securing your investments funds. After securing them, then ensure that you keep them safe somewhere else before you will now start planning out the best strategy towards a successful investment strategy.

[Alonso_]

There is no specific amount of money that is required to keep aside when buying bitcoin, bitcoin investments is about having a discretionary income, then you have a discretionary income you can start buying bitcoin immediately as little as the money available, you can always buy bitcoin little by little and if maybe you have a large amount of discretionary income then you can start buying bitcoin, possibly you can still be buying bitcoin with $50 cents maybe on a weekly basis considering what you have available after paying for your weekly or monthly basic expenses.

[Hardyrobust]

There is no specific amount of money that is required to keep aside when buying bitcoin, bitcoin investments is about having a discretionary income, then you have a discretionary income you can start buying bitcoin immediately as little as the money available, you can always buy bitcoin little by little and if maybe you have a large amount of discretionary income then you can start buying bitcoin, possibly you can still be buying bitcoin with $50 cents maybe on a weekly basis considering what you have available after paying for your weekly or monthly basic expenses.

There is no set amount that should be used for starting bitcoin investment. Yes the most important thing is the availablity of discretionary income to invest with. With the DCA strategy we can start investing in bitcoin using any amount as long as it is from our discretionary income. It is only those that is planning to lump sum that may be thinking in the direction of wanting to start with a big amount of money.

[Cryptoprincess101]

There is no specific amount of money that is required to keep aside when buying bitcoin, bitcoin investments is about having a discretionary income, then you have a discretionary income you can start buying bitcoin immediately as little as the money available, you can always buy bitcoin little by little and if maybe you have a large amount of discretionary income then you can start buying bitcoin, possibly you can still be buying bitcoin with $50 cents maybe on a weekly basis considering what you have available after paying for your weekly or monthly basic expenses.

There is no set amount that should be used for starting bitcoin investment. Yes the most important thing is the availablity of discretionary income to invest with. With the DCA strategy we can start investing in bitcoin using any amount as long as it is from our discretionary income. It is only those that is planning to lump sum that may be thinking in the direction of wanting to start with a big amount of money.

Of course, there is no fixed amount for one to start investing with but simply because the DCA strategy gives everyone the privilege to invest with little amount doesn't mean that you can invest with anything at all, before investing in bitcoin you should be able to figure out if you have discretionary income to invest with and of course a stable job that can guarantee your continues accumulation with the DCA strategy because it won't be good that after investing with a discretionary income you do not have a source of income to continue accumulating bitcoin because it can lead you to abandon your investment or sell too soon when you have not accumulated enough. Investing using the lump sum strategy is not bad but the problem is that while waiting for a big amount to invest at once, the price might have gone high when you have gathered the amount of money that you want to lump sum with.

[JayJuanGee]

There is no specific amount of money that is required to keep aside when buying bitcoin, bitcoin investments is about having a discretionary income, then you have a discretionary income you can start buying bitcoin immediately as little as the money available, you can always buy bitcoin little by little and if maybe you have a large amount of discretionary income then you can start buying bitcoin, possibly you can still be buying bitcoin with $50 cents maybe on a weekly basis considering what you have available after paying for your weekly or monthly basic expenses.

There is no set amount that should be used for starting bitcoin investment. Yes the most important thing is the availablity of discretionary income to invest with. With the DCA strategy we can start investing in bitcoin using any amount as long as it is from our discretionary income. It is only those that is planning to lump sum that may be thinking in the direction of wanting to start with a big amount of money.

Of course, there is no fixed amount for one to start investing with but simply because the DCA strategy gives everyone the privilege to invest with little amount doesn't mean that you can invest with anything at all, before investing in bitcoin you should be able to figure out if you have discretionary income to invest with and of course a stable job that can guarantee your continues accumulation with the DCA strategy because it won't be good that after investing with a discretionary income you do not have a source of income to continue accumulating bitcoin because it can lead you to abandon your investment or sell too soon when you have not accumulated enough. Investing using the lump sum strategy is not bad but the problem is that while waiting for a big amount to invest at once, the price might have gone high when you have gathered the amount of money that you want to lump sum with.

You seem to be mixing up lump sum with buying on dip.

They are different.

If a person is holding value back in order to buy when the price dips, then they are buying on dip, not lump sum buying.  The fact that they are buying with a large amount does not convert their buying on dip into lump sum.

The idea of lump sum is to either receive money unexpectedly or perhaps to free up money from some source, so then a large amount has come available.. and maybe the amount is mostly outside of the regular income of the person who had received it.... even though surely from time to time, there could be cases in which regular income had resulted in large amounts of money coming available at once, when perhaps the income goes up for some reason  (let's say that the Employer or perhaps someone else discovers a mistake in the employer's accounting, so then the person ends up receiving the equivalence of 3 months pay at one time - or even gets an extra month's pay)  or maybe all of a sudden expenses drop  (let's say that a person had some issue with their lodging - so then all of a sudden they receive several months of free lodging - so then all of that extra money comes available to them all at once.. or at least each month when rent is due, that money is available).

Another thing is that so many times people think about DCA as if it were a small amount.  The DCA amount can be small or large, yet it tends to be tailored to a persons income situation.  So a person could try to create a rule for himself in terms of what percentage of his discretionary income he is going to spend each week on bitcoin, yet many of us realize that discretionary income can vary quite a bit from week to week depending on income coming in and expenses, which sometimes have a lot of variance.

[Rgram]

Nice colors. I have been here longer than you have and can’t even use the forum bbcodes as nicely as you have. I would like to talk about your last point where you said “ do not connect your wallet to public Wi-Fi in any way”. I think what you meant to say is that we should keep our mobile devices that have our wallet offline and not to connect it to public WIFI.

I think that was the first thing that caught my attention when I opened the thread, the rainbow colours and it does present in a certain way and yeah, the OP must certainly mean public WiFi with the threat being having your device infiltrated and your wallet hijacked in the process, along with other private details within your device and on the clouds.

Meanwhile, the first step to staring an investment always starts with learning or having to study the field you are about getting into and possibly, surround yourself either online or offline with those that are within this field. It helps to share idea and resources. What happens on this forum is mostly, we having to share ideas and it does help a lot.

[Saltysugar99]

Nice colors. I have been here longer than you have and can’t even use the forum bbcodes as nicely as you have. I would like to talk about your last point where you said “ do not connect your wallet to public Wi-Fi in any way”. I think what you meant to say is that we should keep our mobile devices that have our wallet offline and not to connect it to public WIFI.

I think that was the first thing that caught my attention when I opened the thread, the rainbow colours and it does present in a certain way and yeah, the OP must certainly mean public WiFi with the threat being having your device infiltrated and your wallet hijacked in the process, along with other private details within your device and on the clouds.

Meanwhile, the first step to staring an investment always starts with learning or having to study the field you are about getting into and possibly, surround yourself either online or offline with those that are within this field. It helps to share idea and resources. What happens on this forum is mostly, we having to share ideas and it does help a lot.

I also think the same way. I studied before investing in Bitcoin. I had talked to some acquaintances and joined some online groups. But I came to this forum and i learn a lot from this . In the case of investment, special attention should be given to the issue of security and the source of income from which the investment is made.

[Cryptoprincess101]

There is no specific amount of money that is required to keep aside when buying bitcoin, bitcoin investments is about having a discretionary income, then you have a discretionary income you can start buying bitcoin immediately as little as the money available, you can always buy bitcoin little by little and if maybe you have a large amount of discretionary income then you can start buying bitcoin, possibly you can still be buying bitcoin with $50 cents maybe on a weekly basis considering what you have available after paying for your weekly or monthly basic expenses.

There is no set amount that should be used for starting bitcoin investment. Yes the most important thing is the availablity of discretionary income to invest with. With the DCA strategy we can start investing in bitcoin using any amount as long as it is from our discretionary income. It is only those that is planning to lump sum that may be thinking in the direction of wanting to start with a big amount of money.

Of course, there is no fixed amount for one to start investing with but simply because the DCA strategy gives everyone the privilege to invest with little amount doesn't mean that you can invest with anything at all, before investing in bitcoin you should be able to figure out if you have discretionary income to invest with and of course a stable job that can guarantee your continues accumulation with the DCA strategy because it won't be good that after investing with a discretionary income you do not have a source of income to continue accumulating bitcoin because it can lead you to abandon your investment or sell too soon when you have not accumulated enough. Investing using the lump sum strategy is not bad but the problem is that while waiting for a big amount to invest at once, the price might have gone high when you have gathered the amount of money that you want to lump sum with.

You seem to be mixing up lump sum with buying on dip.

They are different.

~snip~

Seems you misunderstood me; from the line you highlighted in my texts you can clearly see that i said ''while waiting for a big amount to invest at once'' and not while waiting for the DIP so there is absolutely no mix up there. Or is lump sum not buying a huge amount of bitcoin at once? am trying to emphasize on why waiting for a lump sum can delay an investment unlike the DCA strategy where we can be investing part by part till a huge portfolio is gotten. Some persons do save money in fiats till it gets to a huge amount then they consider doing a lump sum so am saying that it won't be a good practice to accumulate enough money in fiats when you can actually be using part of that money to buy bitcoins at intervals of time which an opportunity to buy the DIP can still present itself.

[Tungbulu]

Your topic is a little bit confusing how much thing should be keep in mind when starting a bitcoin investment? are you actually talking about the aspect of knowledge or the amount we should have in our discretionary income before getting started? If that's what you meant then there's no amount that is fixed for everyone to start with you're free to start with any amount so Long as it is coming from your discretionary funds. As for the knowledge of course it is essential to know the basic things about bitcoin investment before investing so that to avoid unnecessary mistake.

And of course it’s also crucial to have an available financial cushion in place. The mistake that some people often make in this aspect is thinking that they’ll need to build their emergency funds and other backup funds first before getting started, while this isn’t necessarily wrong, we tend to encourage folks to get started first and simultaneously build both their portfolio and their financial backup, this is because we try to avoid situations that’ll make folks stop themselves from getting started with their accumulation immediately.

[Xackie]

Another thing is that so many times people think about DCA as if it were a small amount.  The DCA amount can be small or large, yet it tends to be tailored to a persons income situation.  So a person could try to create a rule for himself in terms of what percentage of his discretionary income he is going to spend each week on bitcoin, yet many of us realize that discretionary income can vary quite a bit from week to week depending on income coming in and expenses, which sometimes have a lot of variance.

You are right, I feel the real power DCA isn't just the amount alone, also it’s the structure behind it. DCA works like a money management system. It teaches you to pay yourself first before spending on wants (which means that you save and invest money before you spend on unnecessary things). Like you said the size of your DCA can vary at times, especially in situations where your income goes up or down, then you will have to adjust your DCA according to satisfaction not by doing something beyond your power. So everything comes down to flexibility and DCA should fit your life, not control it. That’s what makes it sustainable.

[Leokingsley2477]

To me, There  is no specific amount, it all depends on what you want to invest and how long you want to hold
Also you can study about DCA