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

[Tetu100]

The only thing that should make anyone stop his bitcoin accumulation should be because he doesn't have a discretionary income at that moment. A low coiner is better than a no coiner.

That's true, the only valid excuse for any person's not investing in bitcoin should be because he does not have a discretionary funds at hand to start up with and also their is no dude that can also said he did has a discretionary funds unless he doesn't have a tangible thing doing to end daily living otherwise the road is always free for everyone to start up something.

Bitcoin investment is loaded with great potential and benefit over time and it pains me seeing some dudes giving some unnecessary excuses for something that will be of a great help and impact to their life in five to ten years to come,  and I wish people could just see beyond today and understand what bitcoin hold in stock for us in future, possibly I don't think their will be anyone that will want to be pushed anymore before investing in bitcoin.

[ZeroVinsonN]

When a person decides to study and understand bitcoin before they start investing they ultimately end up not getting started with the investment at all, to understand bitcoin investment you need to experience and how can you experience something if you are not doing it, it's better to just start, we are already spending money on somethings that aren't of any actual value to us, those are discretionaries, just divert that fund to your bitcoin investment, you don't even need to use all of it for bitcoin especially for someone who is still starting out, a percentage of it will do and then you can understand all you want to understand about bitcoin investment while you are already investing in it.

It’s quite certain that most veterans started without having a full knowledge of what bitcoin is all about,learning can be in diverse ways.You can decide to learn before starting your investment but in most cases it isn’t preferred because it stands as a delay,you might have the money at the moment to start right away but procrastination would come in the form of “learning before investing”.Just like I’ve said learning comes in diverse ways,so you can learn while investing because learning is a continuous process,you can’t learn everything in a day,even your experiences while investing could be a lesson.

Gathering knowledge first before investing in bitcoin might have worked in the past but it was also cheaper to buy then, right now any time spent outside of investing is a buying opportunity lost and we don't get back lost time, it's more straightforward to start buying without delaying with procrastination, most people spend money on things they do not need, we don't even need to completely figure out how much of our income goes into discretionary income before we start investing, we already know that the money we spend on nonessentials is a part of our discretionary income so all we have to do is divert this fund to our investment, we can figure out the rest while we invest.

[Crytohillss]

When a person decides to study and understand bitcoin before they start investing they ultimately end up not getting started with the investment at all, to understand bitcoin investment you need to experience and how can you experience something if you are not doing it, it's better to just start, we are already spending money on somethings that aren't of any actual value to us, those are discretionaries, just divert that fund to your bitcoin investment, you don't even need to use all of it for bitcoin especially for someone who is still starting out, a percentage of it will do and then you can understand all you want to understand about bitcoin investment while you are already investing in it.

It’s quite certain that most veterans started without having a full knowledge of what bitcoin is all about,learning can be in diverse ways.You can decide to learn before starting your investment but in most cases it isn’t preferred because it stands as a delay,you might have the money at the moment to start right away but procrastination would come in the form of “learning before investing”.Just like I’ve said learning comes in diverse ways,so you can learn while investing because learning is a continuous process,you can’t learn everything in a day,even your experiences while investing could be a lesson.

Gathering knowledge first before investing in bitcoin might have worked in the past but it was also cheaper to buy then, right now any time spent outside of investing is a buying opportunity lost and we don't get back lost time, it's more straightforward to start buying without delaying with procrastination, most people spend money on things they do not need, we don't even need to completely figure out how much of our income goes into discretionary income before we start investing, we already know that the money we spend on nonessentials is a part of our discretionary income so all we have to do is divert this fund to our investment, we can figure out the rest while we invest.

So many people jump in without fully understanding Bitcoin and learned along the way but I think it's more about balance going in completely blind can be risky especially with how volatile things can get the same time over thinking and waiting forever to learn everything can definitely hold some one back sometime the best approach is to begin with little and learn the basic and then grow as one gain some experience.

[Yablee0]

is anything typically wrong with the font colors and why do you think so or why do you even think he is not doing the right thing ?
I personally would result to using any color that pleases me as much as i can pass my message and mind you, one of the major reasons why i read this thread before seeing our response was the color because i was interested in what op had to say and to be frank he has a good thread that might not just be useful to just the newbies but to everyone who intends to hold bitcoin especially for long term.

welcome to the forum OP and i would say that, you have some very good knowledge on the preliminaries pf bitcoin and if you stick to it earlier now, you will be happy you did.

Is not that joymaker intentionally what to spoil or condemned the effort of the op but I think he's just trying to air out his personal opinion about the colour combination stuff, but regardless the op still did a great job and I also believe it's nice encouraging good work when spotted. However, I think the op was only trying to be unique and to do something different from others.

But to be honest this thread has been super amazing and interesting for sometime now with the present of sir jayJuangee , because if the thread wasn't that good I don't think a man like sir J wouldn't have been here.

[Itz-prisigold]

Many people may disagree with your opinion but the point you raised here is actually a very important one. Even if someone’s income stays stable, their expenses do not always remain stable and because of that, maintaining DCA can sometimes become difficult. Usually, those who follow DCA try to invest the amount that remains after covering their expenses from their income. There are times when expenses suddenly increase and the remaining money also gets spent. These are normal life situations, so I don’t really see any strong reason to disagree. I have personally faced this kind of situation many times, so I understand that things can really happen this way.

However, if someone has a fixed income and their expenses are also within a fixed range, then they can regularly invest the remaining amount. But we still need to keep DCA in mind while managing other things, so that we can continue the investment process consistently.

You don't really understand how DCA strategy truly works, I agree with you that life expenses do not always remain the same, so that can actually affect how consistent someone can be with DCA strategy, but let me tell you,  this is where most people get it all wrong. DCA is not about forcing yourself to invest a particular or fixed amount every single time,  it is more about you keeping the habit or having the habit of accumulating in a way that definitely fits your current situation.

Reality fact is that your discretionary income will always change and it can change depending on income or expenses. Some weeks/months you will have more discretionary income left,  and other weeks/months you will have less and that is normal. Therefore on weeks where you create less discretionary income, it will make more sense for you to modify the amount to be working with rather than trying to stick to a consistent investment when your finances doesn't allow. Know this,  trying to stick to a particular amount when your situation has changed can create unnecessary pressure,  and is at this point that some people either stop completely or end up even touching their investment in the wrong time.

This is why having some sort of emergency funds or safety net will always pay off,  because it will give you the flexibility to react when life happens. And another thing you need to understand is that the goal is not to be perfect with the amount,  but just for you to stay consistent with the process. You will have no problem if you always keep accumulating within your means and always avoid putting yourself under unnecessary stress. That way,  it becomes very easy for you to stay in the market for  long term.

[Bitcoin.com97]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

[Abbatty]

Many people may disagree with your opinion but the point you raised here is actually a very important one. Even if someone’s income stays stable, their expenses do not always remain stable and because of that, maintaining DCA can sometimes become difficult. Usually, those who follow DCA try to invest the amount that remains after covering their expenses from their income. There are times when expenses suddenly increase and the remaining money also gets spent. These are normal life situations, so I don’t really see any strong reason to disagree. I have personally faced this kind of situation many times, so I understand that things can really happen this way.

However, if someone has a fixed income and their expenses are also within a fixed range, then they can regularly invest the remaining amount. But we still need to keep DCA in mind while managing other things, so that we can continue the investment process consistently.

You don't really understand how DCA strategy truly works, I agree with you that life expenses do not always remain the same, so that can actually affect how consistent someone can be with DCA strategy, but let me tell you,  this is where most people get it all wrong. DCA is not about forcing yourself to invest a particular or fixed amount every single time,  it is more about you keeping the habit or having the habit of accumulating in a way that definitely fits your current situation.

Reality fact is that your discretionary income will always change and it can change depending on income or expenses. Some weeks/months you will have more discretionary income left,  and other weeks/months you will have less and that is normal. Therefore on weeks where you create less discretionary income, it will make more sense for you to modify the amount to be working with rather than trying to stick to a consistent investment when your finances doesn't allow. Know this,  trying to stick to a particular amount when your situation has changed can create unnecessary pressure,  and is at this point that some people either stop completely or end up even touching their investment in the wrong time.

This is why having some sort of emergency funds or safety net will always pay off,  because it will give you the flexibility to react when life happens. And another thing you need to understand is that the goal is not to be perfect with the amount,  but just for you to stay consistent with the process. You will have no problem if you always keep accumulating within your means and always avoid putting yourself under unnecessary stress. That way,  it becomes very easy for you to stay in the market for  long term.

For sure real life situation is variable and can change from time to time but there are 2 important things you need to know about the DCA strategy.

1. It main purpose it is to help you accumulate bitcoin no matter how little it might be, just stay consistent about the accumulation.

2. Another reason is to keep you disciplined, that why bitcoin investment is more than just making profit, i would say to you that it like a way of life.

So even when life situations hit you all the DCA strategy is try to tell you is that you need to be consistent about investing in bitcoin and also be disciplined not to reduce the discretionary funds.

[Merit.s]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

You forgot another important thing that is very crucial when investing in bitcoin which is the emergency funds and other backup funds. To have a good ride and overcome any unforseen real-life emergency that will pop up your way in your bitcoin investment journey, you need to set up a backup funds to prevent you from selling your bitcoin when it's not of your will if you are hit with real life emergency.

Your emergency funds should be at least 3-6 months of your monthly expenses. Reserve funds is also good to set up after you must have finished setting up your emergency funds. That gives you the opportunity of an extra layer of security to your bitcoin investment because you have the flexibility to tap from your reserve funds to add up to your bitcoin investment at the dips or to used before touching your emergency funds.

Float is also another form of backup funds that is useful to take care of unexpected expenses that pops up which we are not prepared for during the period we are waiting to get the next income. The longevity of your bitcoin investment and growth should be your priority therefore, you have to do the needful.

[Odogwu-Blockchain]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

The way you explained about Bitcoin investment, you choose Bitcoin investment to be the last thing on someone's to-do list, that whatever remains as crumbs should be used for Bitcoin investment. Nah, I don't and won't behave this way towards Bitcoin investment.

I must have a standard amount, not too small or too big but something worth it. I'll never trade Bitcoin with crumbs, never.

[JayJuanGee]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

You forgot another important thing that is very crucial when investing in bitcoin which is the emergency funds and other backup funds. To have a good ride and overcome any unforseen real-life emergency that will pop up your way in your bitcoin investment journey, you need to set up a backup funds to prevent you from selling your bitcoin when it's not of your will if you are hit with real life emergency.

Your emergency funds should be at least 3-6 months of your monthly expenses. Reserve funds is also good to set up after you must have finished setting up your emergency funds. That gives you the opportunity of an extra layer of security to your bitcoin investment because you have the flexibility to tap from your reserve funds to add up to your bitcoin investment at the dips or to used before touching your emergency funds.

Float is also another form of backup funds that is useful to take care of unexpected expenses that pops up which we are not prepared for during the period we are waiting to get the next income. The longevity of your bitcoin investment and growth should be your priority therefore, you have to do the needful.

It is problematic to conclude that you need "at least" 3-6 months of your monthly expenses saved up in order to be able to invest in bitcoin.. and to be vague about how to accomplish such a thing depending on the newbie bitcoiner's financial circumstances..

Guys can start investing in bitcoin from whereever they are (as long as they have discretionary funds), and they can build their bitcoin investment and their back up funds at the same time, and surely many times, we suggest that it is a good idea to try to get your back up funds up to 3 months of your expenses, yet it could take a real long time, such as more than a year and a half, even if a guy is building up his bitcoin investment and his back up funds with 10% of his income.

Sure, there might be some utility in having more than 3 months of expenses in cash - but it can be problematic also to have that much money sitting on the side and not doing anything except for providing for a major loss of income and/or increase of expense situation that might not end up happening.

There is a balance, and of course, if guys have higher expectations of loss of income and/or increases in their income, then they need to keep more backup funds to cover those kinds of possibilities and also if they are investing in bitcoin, they are using the back up funds to protect the bitcoin from getting tapped into at a time that would not be completely of the bitcoin investor's choosing.

[Cyber_warrior]

The way you explained about Bitcoin investment, you choose Bitcoin investment to be the last thing on someone's to-do list, that whatever remains as crumbs should be used for Bitcoin investment. Nah, I don't and won't behave this way towards Bitcoin investment.

I must have a standard amount, not too small or too big but something worth it. I'll never trade Bitcoin with crumbs, never.

Your loss then. You risk missing out on opportunities. What you you start with doesn't matter your consistency is all that matters. Everytime is the right time no matter how little you start with. Just start from somewhere don't wait till you can invest big, you will be surprised how much Bitcoin you will accumulate if you invest the crumbs consistently. You can increase your investment amount with time at your convenience time as long as you're not going beyond your discretionary income.

[Rgram]

Gathering knowledge first before investing in bitcoin might have worked in the past but it was also cheaper to buy then, right now any time spent outside of investing is a buying opportunity lost and we don't get back lost time, it's more straightforward to start buying without delaying with procrastination,

I might want to agree with this partly but, it would make no sense to buy Bitcoin or want to invest in Bitcoin without having basic knowledge on how to do this investment properly.
Mind you, a lot of people have fallen into scams because they had the intention to invest in Bitcoin and rather than buying it from an exchange or a right source, they end up falling into the hands of scam platforms that ends up robbing them for their money in the name of Bitcoin investment scams.
While you can invest on the go, investing as you learn, doing it right is key.

[JayJuanGee]

Gathering knowledge first before investing in bitcoin might have worked in the past but it was also cheaper to buy then, right now any time spent outside of investing is a buying opportunity lost and we don't get back lost time, it's more straightforward to start buying without delaying with procrastination,

I might want to agree with this partly but, it would make no sense to buy Bitcoin or want to invest in Bitcoin without having basic knowledge on how to do this investment properly.
Mind you, a lot of people have fallen into scams because they had the intention to invest in Bitcoin and rather than buying it from an exchange or a right source, they end up falling into the hands of scam platforms that ends up robbing them for their money in the name of Bitcoin investment scams.
While you can invest on the go, investing as you learn, doing it right is key.

If you hear about bitcoin and you do a quickie assessment of your finances, and you know that for sure you could easily start with investing $70 per week into bitcoin, yet since you do not know anything about bitcoin, you consider starting with $20 per week and learn as you go and you also have some cash left over.  What is it that you would need to learn, specifically, prior to getting started investing in bitcoin?  

Let's say that a hypothetical guy has something in the ballpark of $2k per month of income and $1,400 in basic expenses, and for the sake of this hypothetical, he has absolutely no savings.. So then when he get's paid, he has $600 left over that has to cover the whole month, which is about $140 per week ($600/4.33 since on average there are 4.33 weeks per month).

Perhaps during the first several weeks he invests $20 into bitcoin, he puts $40 into his back up funds and he has $80 remaining for discretionary consumption.

During this whole time, the guys studies bitcoin and his cashflows.

Starting from week 4, he invests $30 into bitcoin, $30 into his back up funds and he has $80 remaining for discretionary consumption.

Starting from week 10, he invests $50 into bitcoin, $40 into his back up funds and he has $50 remaining for discretionary consumption.

At some point, the guy may well need to try to increase his discretionary income by increasing his income and/or decreasing his expenses, yet in the meantime, if is discretionary income remains somewhere in the ballpark of $140 per week, he can continue to invest into bitcoin with an amount that he considers to be reasonable within his own circumstances and the level of aggressiveness that he considers to be comfortable.  Is there something wrong with that?  What is it that the guy specifically needs to learn? Perhaps after 10 weeks, he is learning about both bitcoin and about his cashflow situation.  Is there something specific that the newbie needs to learn before getting started?

I am personally assuming that the guy is not retarded and he has common sense, yet he may well need experience and practice in order to help himself to learn.  Nobody wants to lose money or to get scammed, so ech person likely is going to be attempting to take precautions so that they do not get scammed or lose money. and yeah, maybe they have to figure out which exchange to use, and how to limit how much BTC they keep on exchanges so that they can put the BTC in private wallets, yet they don't need to know too many of these things before starting, unless perhaps they might be skeptical about the places where they initially intend to source, their bitcoin, and if they are skeptical, then they might have to either find a better source or perhaps to take other precautions to try to minimize the odds that they are going to get scammed and/or lose money based on the way that they had chosen to source their initial coins..

And, surely it seems that we are not talking about shitcoins and/or trading in this thread, sine the title of the  thread is about "bitcoin investing," so in that regard, we are considering bitcoin first, and surely some guys might not know the difference between bitcoin and shitcoins, so surely they likely have to figure out (or verify) that the are starting out with bitcoin first.

Even in this thread, I understand that we are in the Nigerian Local, yet we are not going to presume that Nigerians are more susceptible to scams than other people, and it is probably the case that Nigerians are not making a lot of money and they also do not want to lose their money, so they are trying to figure out ways that they are not getting scammed, yet even if they are aware of scams, that does not necessarily mean that they need to delay in getting started investing in bitcoin, even though they might need to verify that they are sufficiently comfortable with however they might be sourcing their first coins and figuring an amount that is sufficiently comfortable for them in terms of their starting amount based on their discretionary income and perhaps their cashflow situation, even if their discretionary income might be quite a bit smaller than the amount that I had put in my hypothetical, they still need to figure out the extent to which they have discretionary income and how much of their discretionary income they are willing to put into bitcoin as compared into their back up funds and how much they are keeping for discretionary consumption, whether they do it each week or whatever period of time that they might be trying to buy bitcoin.. I personally tend to suggest weekly for newbies, since that helps to keep them active and learning, while they are getting used to it, including making sure that their weekly bitcoin buys is not interfering with their abilities to cover their basic expenses.

[Nwadiche]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

The way you explained about Bitcoin investment, you choose Bitcoin investment to be the last thing on someone's to-do list, that whatever remains as crumbs should be used for Bitcoin investment. Nah, I don't and won't behave this way towards Bitcoin investment.

I must have a standard amount, not too small or too big but something worth it. I'll never trade Bitcoin with crumbs, never.

I think it’s not necessarily crumbs ,while investing in bitcoin , it’s not idea to have a specific amount, what matters most is you have something that generate incomes for you , after paying your bills , you set aside your emergency funds , so when any issues arises , you can settle it from there, then use your discretionary income to invest , so that circumstance won’t lead you to sell your bitcoins, what really matters most is your consistency, since it’s a long term investment, having a certain amount may often  lead to procrastination , so no matter how little you have , it’s good to start somewhere , waiting for a standard amount without discipline and consistent may not be a good idea.

[Rgram]

I am personally assuming that the guy is not retarded and he has common sense, yet he may well need experience and practice in order to help himself to learn.  Nobody wants to lose money or to get scammed, so ech person likely is going to be attempting to take precautions so that they do not get scammed or lose money. and yeah, maybe they have to figure out which exchange to use, and how to limit how much BTC they keep on exchanges so that they can put the BTC in private wallets, yet they don't need to know too many of these things before starting, unless perhaps they might be skeptical about the places where they initially intend to source, their bitcoin, and if they are skeptical, then they might have to either find a better source or perhaps to take other precautions to try to minimize the odds that they are going to get scammed and/or lose money based on the way that they had chosen to source their initial coins..

And, surely it seems that we are not talking about shitcoins and/or trading in this thread, sine the title of the  thread is about "bitcoin investing," so in that regard, we are considering bitcoin first, and surely some guys might not know the difference between bitcoin and shitcoins, so surely they likely have to figure out (or verify) that the are starting out with bitcoin first.

It always amazes me how familiar people are to the term Bitcoin than actually having an idea on what it is actually. Not to mention that, people also dive into accepting the narrative of it being a profitable investment and certainly, some forks might want to try.

It’s very ideal to learn and invest due to the progressive nature of Bitcoin pending the season you find it, given that time is a factor profit factor as it concerns Bitcoin.

Given the popularity of Bitcoin and the many fraudulent schemes we have out there, it’s not difficult for a complete newbie to Bitcoin, to find themselves in some of those telegram channels that promises you everything and actually project a platform which might be owned by themselves, with their preloaded Bitcoin forks and an icon labeled Bitcoin which are indeed, pre-loads by someone with an admin back door, just to lure unsuspecting victims to send in their money and rip them of it without them ever buying any actual Bitcoin.

That’s why, having that basic knowledge about what Bitcoin is, the existence of self custody wallets with a private key, where to buy and how, what an exchange and so on would be of much value to invest safely.

[Solodoski]

I think it’s not necessarily crumbs ,while investing in bitcoin , it’s not idea to have a specific amount, what matters most is you have something that generate incomes for you , after paying your bills , you set aside your emergency funds , so when any issues arises , you can settle it from there, then use your discretionary income to invest , so that circumstance won’t lead you to sell your bitcoins, what really matters most is your consistency, since it’s a long term investment, having a certain amount may often  lead to procrastination , so no matter how little you have , it’s good to start somewhere , waiting for a standard amount without discipline and consistent may not be a good idea.

Beginners dont know that the little crumb they are talking about, with consistency will turn into a sizeable amount of bitcoin in due time. Bitcoin accumulation is not judged by the amount you buy once, it is judged by how long you maintain consistency in accumulating. That determination to keep buying bitcoin no matter how little you can afford is what is needed as an investor. This shows that when your income increases, you will maintain consistency but this time with a higher percentage. No amount is too small. Every penny is important.

[JayJuanGee]

You just nailed everything, many people  just go into Bitcoin investment without having a primary knowledge that is why some mistakes are been made , knowledge is the principal thing when it comes to Bitcoin investment, then having discretionary income , as long as you have something doing , set aside money for domestic use including housing expenses, save up for emergency , then any money left can be used to accumulate Bitcoin , having a specific amount may lead to delay , because you may not be able to meet up , so any amount you can start with , since it’s mainly for long term , as long as you have something to do and earn From it , but you need to be consistent, many often regret because of this question , alway thinking about how much to start with , while days and time are going , learn risk management, and most importantly keeping that private key secrets would help save so many from a lot , safety is also important in our investment journey.

The way you explained about Bitcoin investment, you choose Bitcoin investment to be the last thing on someone's to-do list, that whatever remains as crumbs should be used for Bitcoin investment. Nah, I don't and won't behave this way towards Bitcoin investment.

I must have a standard amount, not too small or too big but something worth it. I'll never trade Bitcoin with crumbs, never.

I think it’s not necessarily crumbs ,while investing in bitcoin , it’s not idea to have a specific amount, what matters most is you have something that generate incomes for you , after paying your bills , you set aside your emergency funds , so when any issues arises , you can settle it from there, then use your discretionary income to invest , so that circumstance won’t lead you to sell your bitcoins, what really matters most is your consistency, since it’s a long term investment, having a certain amount may often  lead to procrastination , so no matter how little you have , it’s good to start somewhere , waiting for a standard amount without discipline and consistent may not be a good idea.

sometimes guys with irregular incomes might let their dollar amount add up to a certain amount (maybe $30 or more) before they buy, so sometimes it might be weekly and then other times it might be every other week depending on their cashflow situation.    Sometimes there might be disadvantage in buying very small amounts based on fees, so guys might tailor how they structure their buys (and even their transferring of coins to private wallets) based on current fees and even anticipation of future fees.

I am personally assuming that the guy is not retarded and he has common sense, yet he may well need experience and practice in order to help himself to learn.  Nobody wants to lose money or to get scammed, so ech person likely is going to be attempting to take precautions so that they do not get scammed or lose money. and yeah, maybe they have to figure out which exchange to use, and how to limit how much BTC they keep on exchanges so that they can put the BTC in private wallets, yet they don't need to know too many of these things before starting, unless perhaps they might be skeptical about the places where they initially intend to source, their bitcoin, and if they are skeptical, then they might have to either find a better source or perhaps to take other precautions to try to minimize the odds that they are going to get scammed and/or lose money based on the way that they had chosen to source their initial coins..

And, surely it seems that we are not talking about shitcoins and/or trading in this thread, sine the title of the  thread is about "bitcoin investing," so in that regard, we are considering bitcoin first, and surely some guys might not know the difference between bitcoin and shitcoins, so surely they likely have to figure out (or verify) that the are starting out with bitcoin first.

It always amazes me how familiar people are to the term Bitcoin than actually having an idea on what it is actually. Not to mention that, people also dive into accepting the narrative of it being a profitable investment and certainly, some forks might want to try.

When we are first learning about bitcoin, we might have a lot of our own misconceptions and/or misunderstandings, and some of our bad information might have had come from various bad sources, and we might not realize that we were either lied to or that our bad sources, did not know any better when they were making their claims about bitcoin or some bitcoin-related matter.  It is good for use to both develop and to try to practice critical thinking so that we end up not always accepting information sources on face value - and sometimes we might have to do a bit of our own digging in order to suss out sources of information that are better.

Many folks might not have had learned how to think (or read) critically from their schools or their parents or from their friends or their work acquaintances, yet from time to time, we likely come accross folks who are better critical thinkers than others and who do some research into certain matters rather than just repeating various pieces of information that might not be true.  Sometimes we might even get frustrated with our friends and family if we find them going into areas that they don't know and then failing to figure out and sort through good information as compared with the bad information... and it sometimes can be a bit of a confusing process in regards to some topics, since each side might be coming out with plausible stories, and we might have to spend quite a bit of time to sort it out and even sometimes battling with our own bad way of thinking about certain topics without necessarily realizing our own faults.

It’s very ideal to learn and invest due to the progressive nature of Bitcoin pending the season you find it, given that time is a factor profit factor as it concerns Bitcoin.

If you are a beginner, and if you are striving to invest into bitcoin for 4-10 years or longer (as is the topic of this thread "bitcoin investment"), then you likely should not be concerning yourself very much with price and/or with profits, but instead  figuring out ways to ongoingly accumulate it within your budget for 4-10 years or longer, and sure, there are some folks who can build up their bitcoin stack size faster and larger than others, yet each of us has to work within our own budget situation, including figuring out if their might be ways that we can increase our discretionary income by increasing our income and/or cutting our expenses in order that we are able to have more money available to buy bitcoin on a weekly basis or however frequently we might be making our buys. .and surely it can be problematic for bitcoin newbies to get distracted by price and/or by profits during their earliest times of bitcoin accumulation since there is quite a bit of value that likely comes from staying focused on ongoingly buying bitcoin and don't get distracted by trading and/or by shitcoins.  In the end, you can do whatever you like, yet if 10 years pass and you end up screwing up in large ways due to your getting distracted, you are not going to be able to turn back the clock and do it again...so yeah, even if you might not carry out your matters perfectly, it is still good to put systems in place in which you would be ongoingly and reasonably buying bitcoin within your budget.

Given the popularity of Bitcoin and the many fraudulent schemes we have out there, it’s not difficult for a complete newbie to Bitcoin, to find themselves in some of those telegram channels that promises you everything and actually project a platform which might be owned by themselves, with their preloaded Bitcoin forks and an icon labeled Bitcoin which are indeed, pre-loads by someone with an admin back door, just to lure unsuspecting victims to send in their money and rip them of it without them ever buying any actual Bitcoin.

Hopefully guys are not getting sucked into that crap, and sure there are a lot of guys who do get sucked into inferior approaches to both building their bitcoin stash and making sure that they are able to hold onto it for 10 years or more.. and for sure, if a guy started accumulating bitcoin 10 years ago in the beginning of 2016 at $30 per month, right now he would have had invested $16k over the past 10 years and accumulated right around 4.6 BTC.  So he would be in pretty good shape if he had been able to stack those bitcoin away and to not lose them along the way, and yeah, there are likely a lot of guys who started out in bitcoin 10 years ago, and they had some kind of similar budget, yet they hardly have any bitcoin to show for the amount of time, energy and money that they ended up putting into bitcoin in the last 10-ish years. 

So each of us has to figure out on a personal level the extent that we are going to be able to stay focused both in terms of how we are spending our time and energy and also how we are deploying our available discretionary funds on a weekly basis or however frequently we are able to make our bitcoin buys.

That’s why, having that basic knowledge about what Bitcoin is, the existence of self custody wallets with a private key, where to buy and how, what an exchange and so on would be of much value to invest safely.

You don't need to know all of that before you start, and you can build your knowledge while you are investing, and of course, no one wants to lose money, so the kinds of safeguards that you have to take to protect yourself and your coins is likely related to how much bitcoin you have accumulated, and if you are buying $30 of bitcoin per week, perhaps the first several weeks it is not a big deal if you have them building up on an exchange that everyone seems to be using (and not losing their money), yet once your bitcoin stash starts to get into the $300 to $500 arena, then you might need to figure out ways to both store them privately but also to make sure that you are comfortable with the wallet (and security) set up that you have identified. Many guys on the forum want to go with open source wallets and not wallets that are controlled by third parties, even though surely there can be problematic wallets... ..but yeah, if you think that you have a secure and private wallet, but you do not, then you could spend 4-10 years building up your bitcoin stash and then find out that you don't have any bitcoin.  That surely would not be a good situation to be in.

[B-BossMan]

I think it’s not necessarily crumbs ,while investing in bitcoin , it’s not idea to have a specific amount, what matters most is you have something that generate incomes for you , after paying your bills , you set aside your emergency funds , so when any issues arises , you can settle it from there, then use your discretionary income to invest , so that circumstance won’t lead you to sell your bitcoins, what really matters most is your consistency, since it’s a long term investment, having a certain amount may often  lead to procrastination , so no matter how little you have , it’s good to start somewhere , waiting for a standard amount without discipline and consistent may not be a good idea.

Beginners dont know that the little crumb they are talking about, with consistency will turn into a sizeable amount of bitcoin in due time. Bitcoin accumulation is not judged by the amount you buy once, it is judged by how long you maintain consistency in accumulating. That determination to keep buying bitcoin no matter how little you can afford is what is needed as an investor. This shows that when your income increases, you will maintain consistency but this time with a higher percentage. No amount is too small. Every penny is important.

Good and these are some of the issues many of us are facing presently, because  people think of making it larger or bigger is the best way to make money, which is not true, the small profit some us look less today has made someone richer,buy greedy has made people to failed in terms of financial stability and financial growth, the smaller amount of Bitcoins today can turn into a huge potential benefits or profits tomorrow. How did the successful investors started thier journey? Hadn't been they invested with the aim of  greedy, they wouldn't have been successful investors today, so even with little amount you invested into bitcoin today will definitely grows over a period of time. However Bitcoin investment strategy such as DCA is a best solution for newbies,which helps in accumulating bitcoin gradually over a period of time, so as asuch financial planning or emergency funds and any other logistics should be reserved, so that you won't temper with your investment.

[Big Dirams]

Good and these are some of the issues many of us are facing presently, because  people think of making it larger or bigger is the best way to make money, which is not true, the small profit some us look less today has made someone richer,buy greedy has made people to failed in terms of financial stability and financial growth, the smaller amount of Bitcoins today can turn into a huge potential benefits or profits tomorrow. How did the successful investors started thier journey? Hadn't been they invested with the aim of  greedy, they wouldn't have been successful investors today, so even with little amount you invested into bitcoin today will definitely grows over a period of time. However Bitcoin investment strategy such as DCA is a best solution for newbies,which helps in accumulating bitcoin gradually over a period of time, so as asuch financial planning or emergency funds and any other logistics should be reserved, so that you won't temper with your investment.

Many new individuals in the system fails to understands that bitcoin investment isn’t about starting huge, even with little funds  we can start bitcoin investment and gradually increase would keep hitting our portfolio if we keep the consistency going with DCA strategy. Starting little and keeping up with the steady accumulation will turn into something huge some days, because starting little is a positive idea and the most important aspect many newbie fails to understand is that no need to wait for dips and buy with huge amount instead we can buy at any time because every time we wait for dips it just feels like a wasted opportunity, no need to waste opportunity and time. Invest with the little you have and keep up with the steady accumulation, Little amount shouldn’t stop us from investing or let not sit and wait behind and wait for huge  funds before starting our investment journey let start right away as soon as possible.

[ZeroVinsonN]

Gathering knowledge first before investing in bitcoin might have worked in the past but it was also cheaper to buy then, right now any time spent outside of investing is a buying opportunity lost and we don't get back lost time, it's more straightforward to start buying without delaying with procrastination,

I might want to agree with this partly but, it would make no sense to buy Bitcoin or want to invest in Bitcoin without having basic knowledge on how to do this investment properly.

How long do you think it's going to take a person to gather the basics knowledge they need before they can start investing in bitcoin, this is because as far as I'm concerned all of that basic knowledge can be gotten within a day, a few hours will be enough if it's taking to long.

Mind you, a lot of people have fallen into scams because they had the intention to invest in Bitcoin and rather than buying it from an exchange or a right source, they end up falling into the hands of scam platforms that ends up robbing them for their money in the name of Bitcoin investment scams.

Well maybe the knowledge they needed wasn't about bitcoin but about the right place/way to purchase digital assets, and most of these scamming outfits use quick rewards to catch their victims so at the end of the day most of them were not trying to invest in bitcoin but rather wanted a quick way to get money, saw an ad online and jumped right into it because it promised them quick return.
Of course there are genuine people who also fall victim so scam should not be tolerated for any reason.

While you can invest on the go, investing as you learn, doing it right is key.

Exactly, invest while you learn and not to say that since a person hasn't studied bitcoin they can't invest in it, the more time a person spends procrastinating with gathering knowledge as the excuse, bitcoin buying opportunities are passing them by.