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.

[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.
~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.

You are correct. I did misunderstand the angle that a person might be waiting for funds to come available.. and not just holding funds in order to buy the dip.

There also could be circumstances in which the dip inspires a person to engage in conduct to seek more money, whether it is looking for more work or maybe finding some assets and deciding to sell or some other additional behavior that was intended to generate more dollars to be able to buy bitcoin, while at the same time, having had been inspired to make the extra measures based on the extent of the dip.

Even though I frequently suggest to be careful in regards to changing aggressiveness in regards, to the dip, within reason those kinds of behaviors to seek out ways to generate (or get ahold of extra capital during dips) could end up working out favorably to accumulate extra bitcoin.

[Tetu100]

Hey there, I am Ninja,   I have researched Bitcoin for a long time, I am creating this post to fully test my knowledge, I am sharing here an overall idea of ​​how many things to keep in mind and what is needed for Bitcoin investment, you can correct me if I am wrong here.

At this point you need not to panic, starting up an investment journey is no big deal the most important thing their is for you to have the basic knowledge about Bitcoin investment. How can you do that? Make your own findings to know the exact information that will be off help and will aid your investment journey.

Secondly, no amount is too small as long as it is been used from your discretionary funds then you are cool, however you need not to stress off your head or whatever  or running from pillar to poll just to invest in bitcoin all you need is just to figure out your discretionary funds regardless how small it is, the deal is done and dusted.

[JayJuanGee]

Hey there, I am Ninja,   I have researched Bitcoin for a long time, I am creating this post to fully test my knowledge, I am sharing here an overall idea of ​​how many things to keep in mind and what is needed for Bitcoin investment, you can correct me if I am wrong here.

At this point you need not to panic, starting up an investment journey is no big deal the most important thing their is for you to have the basic knowledge about Bitcoin investment. How can you do that? Make your own findings to know the exact information that will be off help and will aid your investment journey.

Secondly, no amount is too small as long as it is been used from your discretionary funds then you are cool, however you need not to stress off your head or whatever  or running from pillar to poll just to invest in bitcoin all you need is just to figure out your discretionary funds regardless how small it is, the deal is done and dusted.

If a guy makes $30k per year ($2,500 per month) with $1,500 in basic expenses, then he has $1k per month in discretionary income. I would suggest that such hypothetical guy investing anything less than $30 per week would be "too small" based on those outlined financial circumstances, even though such a guy might choose to start out at investing $30 per week into bitcoin as he is getting himself to become more comfortable with bitcoin investing... so in that regard, even if a newbie bitcoin investor were to start out his weekly bitcoin investment  amounts in fairly conservative ways, he could increase the amounts of his weekly investments (or other periods of time) at some later point as he becomes more comfortable with the practice of buying bitcoin regularly (whether weekly or otherwise)... but yeah, guys also should be careful to not invest into bitcoin too whimpily.. even though surely investing into bitcoin whimpily is most likely better than not investing into bitcoin at all.

[Yablee0]

even though surely investing into bitcoin whimpily is most likely better than not investing into bitcoin at all.

You are right sir, it's better to have some stash of  Bitcoin in your possession regardless how small it's  than having none, however their is this saying that says it's better being a low coiner than being a no coiner and that's the truth. Although things isn't that ok in my country perhaps the economy is down but I still work twice my usual time to ensure I keep constant accumulation of my investment holdings even though am not finding it easy but I still hope for a better future ahead.

Their is one thing I have come to understand since I keep off my Bitcoin investment journey and has be keeping me going, is the power of little beginning.  You can be accumulating as little within your power consistently but someone that's waiting for a huge sum before investing will be there procrastinating and by the time he might realized you that is going slow but steady has already hit some meaningful, and before he will start up you're already ten steps ahead of him.

[Frankolala]

but yeah, guys also should be careful to not invest into bitcoin too whimpily.. even though surely investing into bitcoin whimpily is most likely better than not investing into bitcoin at all.

Anyone that invest in bitcoin in a whimpy way will later regret his actions in future when bitcoin price will very expensive. This is because he's in the position of buying as much bitcoin as he can but choose to buy very little because he doesn't have the confidence or doubt bitcoin or chooses to hold back more fiat currency in his position than stacking up his bitcoin stash for a proper growth and increase in size.

Alas, he will only be able to make little profits in the long run compared to someone who was buying with the right amount or even aggressively sometimes.

[Out of mind]

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.

While investing in Bitcoin, there is no need to set aside any specific amount, but we need to have an emergency fund that will work best. While buying Bitcoin, we need to pay attention to all the factors and if these strategies are observed, then losses can definitely be avoided. If the amount of money is small, then by buying Bitcoin little by little, they can be made into a good fraction. If you continue to invest continuously, it will be deposited in the wallet. Saving some amount of money from monthly or weekly income for investment and buying Bitcoin with them will be the best investment. We need to adopt some methods so that if there is instability in the market, then some purchases can be made from there later, so it is necessary to collect an emergency fund. If you can fulfill your basic needs, then if you have money, then you need to invest with them. You should not invest by taking loans or borrowing from anyone.

[Sammysmart001]

If I missed anything important, please let me know.

What a nice outcome OP Ninja! Am impressed to go do more like this, for a newbie like me to go and emphasize on emergency Funnds abd self custody this really shows that you most have do allot of research.

Adding to what you have say I have
 The Inflation and tax Factor:
    In Nigerian currently Bitcoin is not just an investment but also a surviving tool with inflation cooling to 15.1%. Allot of our new investors have forgotten that under year 2025 Tax act, we now have our 25%Capital gains Tax.
               My Great suggestion
When we all are planning on how our Funancail Allocation, let us all do well to make sure we do our proper analysis and calculate our Net Profit after the Tax, we should not just at $100k BTC target only. We should look at what stays in our our Aza after them FIRS them take their own shares.
  And ur point on 2 to 3 halving is a very good one which I like. Time in the market / Timing the market……..

[7juju]

Investing in Bitcoin is risky, but for those new to investing, it may be a good strategy to focus on Bitcoin and cash at first. At least for one or two market cycles.

Investing for one or two circles is not a good idea, at least 4-10 years or more so as to enable you accumulate enough stash. So an investor especially those new investors is advised to invest for at least 4 years.

You are probably not use to the terminology that @Cgrexp used here which is "Market circle" if you do, you will understand advocating that an investor should hold his bitcoin for long term. Well to enlighten you more on what a complete market circle is, A complete market circle is a period of 4 years. When you hear someone say a market circle, just know that they are talking of 4 years period.

because there are some challenges that might come there way which they may likely hold on to thier bitcoin investment for some time  probably 4-5 months or more and when this happened, they may likely add more year/ or months before they could reach thier investment goal which is why our target should be to invest for 4 years even though we might reach our investment goal before then.

That's why it's investors are advised to build up their emergency funds alongside their bitcoin accumulation. The emergency funds will help you tackle any challenges that might come up along the line while also accumulating your bitcoin, and making sure you maintain your consistency in your accumulations journey.

[Son $f Grace]

If I missed anything important, please let me know.

What an impressive post Ninja you are doing a 👏 job. You have just covered a lot of points on Bitcoin investment for we the newbies. But I have some few point to add to it:

Understanding of Crypto tends abd also ecosystem helps allot. And taking about our hardware wallets that our security measures with 2FA it what to also consider. Making sure on staying updated on tech upgrade and most importantly beware of scammers thanks for this ur opinion Ninja