Bitcoin Accumulation Is Easier When Your Finances Are in Order

[Silikiem]

The mistake people make when investing their money in Bitcoin is that they are already struggling to manage their finances, yet they force themselves to invest without properly preparing their financial situation.

What comes to their mind first is how bitcoin can provide them with fast profits in a short time, without considering the risk of volatility from Bitcoin.

What happens to them is that they struggle to accumulate more Bitcoin due to financial difficulties. They also lack an emergency fund and a clear budget, which are crucial for Bitcoin investment. And in the end it makes it more difficult for them and they end up selling their Bitcoin when the price drops because they are forced to need funds for urgent needs.

Having good financial arrangements before investing in bitcoin is very important so that we can have a clear budget and understanding of investing in bitcoin in the long term.

This is the more reason why it’s advisable to invest in bitcoin with just a discretionary income, this is the money left with an individual after sorting out his or her other basic financial obligations or needs. The mistake most people do in bitcoin investment is that they tend to use the money meant for other of their primary basic financial needs to invest in bitcoin, and when they are faced with some emergency financial situations they end up selling their bitcoin holdings when it’s not yet time and most end up selling at a loss.

[jaberwock]

Not just easier but bitcoin of accumulation will become possible at first hand only when you are having a regular income stream. There are people in who are investing into bitcoin with the help of loans and they are the first people who start feeling the pain when bitcoin turns into bearish trend. When bitcoin investment is all about long term holding, without an income stream is completely out of the ideology of bitcoin. Long term holding would be possible for the people who are investing in bitcoin only up to the level of what they could afford to lose on the event of anything unexpected happens.

Only when you are financially in order, you can allocate some funds as excess amount which are not paining to you even if lose. It may sound like recursive because people are investing in bitcoin with the hope of fixing their finance but for long term holding, you already must have your finance in order.

In other words, you must be right now having clear finances so that you can achieve your financial freedom in real time soon with the help of bitcoin.

[Moreno233]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

[Juicyhome]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

Yeah,it's easier when your have other source of income, to accumulate Bitcoin will be easy for you but when you lose income and your have interest in Bitcoin investment it's very frustrating, you will just waste your Bitcoin knowledge because you don't have enough to buy and hold. The Luckiest people in the world are those that are rich and still have Bitcoin investment ideas. It's a win win for them, they have everything to secure their future.

We have see Bitcoin growing from nothing to something and we are just watching because we have not income to buy even when we buy we couldn't not hold for long because we sell it on the run to feed or pay bills. It's very hard to poor man to invest in Bitcoin. But regardless it's wise to buy at your level. The most important thing is that your mong those that have Bitcoin.

[Awaklara]

Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

Indeed, anyone can buy Bitcoin, the most important thing is that you understand your financial capacity. If you can manage your finances well, you will know the right amount you can invest. You may have seen those who invest in Bitcoin without proper financial management, even selling assets or going into debt to buy Bitcoin. This can be done, but with greater risk, and it is not a good way to invest.
With applied accumulation, it is actually possible to buy Bitcoin according to our ability. But some people may not yet have good money management skills, so they assume that all remaining money can be invested.

[laijsica]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

This is a comfortable advantage of Bitcoin. There is no fixed obligation to buy this digital asset. Investors of any income should keep track of buy their ability and it should be long term. It is more important to maintain consistency than to think about how much fraction you are saving. Since there is no fixed criterion for accumulating Bitcoin. So you should plan comfortable investment every week for discretionary Income.

[Grace333]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

This is just the truth, money just makes things easier. If for instant I have excess funds, putting some extra into Bitcoin would not feel like a big deal at all, compared to if I am managing small cash flow. That is just the reality.

But still, Bitcoin is not for only rich people. people with small money can still do Bitcoin, as long as they know their limits and how to manage their finance. Nobody want you or is forcing you saying you must buy plenty or compete with anybody..
There is no fixed target for a Bitcoin Buy. The real goal is to buy what we can hold comfortably without stressing ourselves..

[SquallLeonhart]

Bitcoin is not for only rich people. people with small money can still do Bitcoin, as long as they know their limits and how to manage their finance. Nobody want you or is forcing you saying you must buy plenty or compete with anybody..
There is no fixed target for a Bitcoin Buy. The real goal is to buy what we can hold comfortably without stressing ourselves..

I agree that bitcoin is for everyone and there cannot be any restriction for poor people to buy an hold it. With this is the reason, you do not need to buy on whole bitcoin for your investment but you can buy at whatever fraction you are able to. Still there are people who are ignoring bitcoin for their long term investment due to its current huge price level.

I guess only the people from this community are well known about DCA method for accommodating bitcoin and the rest  of the people are ignoring bitcoin on seeing its huge price level and simply staying away and missing their lifetime opportunity to secure their future. This is really a sad situation and this is happening right now because of lack of awareness about the potential of bitcoin investment. They themselves assume that their current finance is not good to touch bitcoin kind of high value asset. But, the reality is anyone can be a long term bitcoin holder but within their affordable limit.

[gracreavix]

Not just easier but bitcoin of accumulation will become possible at first hand only when you are having a regular income stream. There are people in who are investing into bitcoin with the help of loans and they are the first people who start feeling the pain when bitcoin turns into bearish trend. When bitcoin investment is all about long term holding, without an income stream is completely out of the ideology of bitcoin. Long term holding would be possible for the people who are investing in bitcoin only up to the level of what they could afford to lose on the event of anything unexpected happens.

Only when you are financially in order, you can allocate some funds as excess amount which are not paining to you even if lose. It may sound like recursive because people are investing in bitcoin with the hope of fixing their finance but for long term holding, you already must have your finance in order.

In other words, you must be right now having clear finances so that you can achieve your financial freedom in real time soon with the help of bitcoin.

That is it, the emphasis on income stream or strong cash flow comes first..  Because for me I am not buying the idea of gambling the future on hope, instead it is preferable when income streams are built, then use the excess to buy assets..  Bitcoin fits well as an asset you accumulate patiently, not something that should be relied on to magically change bad finances…

And using loans or money you can not afford use invest with, will always just turn into stress... Real long term holding only works when your basics are already covered and the money you put in is not choking your daily life…

[reagansimms]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

Having enough money is the first step to starting investing and there is no benchmark in accumulating Bitcoin, the most important thing in investing is the ability to buy with an amount of funds that is ready to be invested and can be stored without stress. This method allows anyone to start investing in Bitcoin with the funds they have and gradually increase their investment as they have additional funds. For beginners, don't hesitate to start investing in Bitcoin, even if you have limited funds. It's okay to start with limited funds, as the most important thing in investing is having the desire to start and being consistent. You can accumulate an investment when you have the funds available to invest.

[dezoel]

Even you are making a million per month, you will feel that you are not ending the months with significant money at hand to do non-immediate or for unusual things like saving for your heirs. I mean, the economy status for everyone is same regardless of your salary is $1k per month or $100k.

So, you need to plan for your saving within your budget. Because, with your income of $10k, you cannot plan for bitcoin accumulation for $5k or $8k. It means, if you have plan and will, you may start accumulating bitcoin from today even for $5 (not 5k or 50 or 500). It means, accumulation alone is important  here and not your salary level or not your excess fund at the month's end.

[jostorres]

One of the worst things that can happen is if you have to sell your Bitcoin in a down market. Having your finances in order makes it so you will never fall victim to this. That is another plus to having sound financial footing.

I think that not all those who sell at a dump are sad or feeling that it is the worst moment of their life but it is just that they may need a money urgently and can not afford to wait for the market to recover again. Some sells too thinking that the price will drop more. Even though it may be sad since they can lost some but the feeling is more saddening if they will just there and watch how the price really drops. Even though they won't look at it, the worry will still be there. There are really people like this that are still weak, mentally and emotionally.

[Grace333]

The mistake people make when investing their money in Bitcoin is that they are already struggling to manage their finances, yet they force themselves to invest without properly preparing their financial situation.

What comes to their mind first is how bitcoin can provide them with fast profits in a short time, without considering the risk of volatility from Bitcoin.

What happens to them is that they struggle to accumulate more Bitcoin due to financial difficulties. They also lack an emergency fund and a clear budget, which are crucial for Bitcoin investment. And in the end it makes it more difficult for them and they end up selling their Bitcoin when the price drops because they are forced to need funds for urgent needs.

Having good financial arrangements before investing in bitcoin is very important so that we can have a clear budget and understanding of investing in bitcoin in the long term.

This is the more reason why it’s advisable to invest in bitcoin with just a discretionary income, this is the money left with an individual after sorting out his or her other basic financial obligations or needs. The mistake most people do in bitcoin investment is that they tend to use the money meant for other of their primary basic financial needs to invest in bitcoin, and when they are faced with some emergency financial situations they end up selling their bitcoin holdings when it’s not yet time and most end up selling at a loss.

That is the thing, Bitcoin is best when it is bought with calm money, not money that is meant for rent, food, or something else. Once you use funds meant for basic needs, you are already under pressure, and pressure will lead to bad decisions.

That is why discretionary income is good. When an emergency come , you do not panics sell or dump at a loss. Most losses come from poor planning at the beginning.

[MinMan]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

By 'limited funds', that can have two definition and that is, one is like you said that still has the ability to invest small amounts and the other can't possibly be, as they literally have a limited budget. If I can classify my self, I think I'm on the latter.

But, I did an experiment and still force my self to invest a tiny amount and I can't almost feel, lol. Not sure if that really brings me comfort. Maybe it is only on my head after all, as small money can still stack and grow huge in the future.

[sunsilk]

And using loans or money you can not afford use invest with, will always just turn into stress... Real long term holding only works when your basics are already covered and the money you put in is not choking your daily life…

I agree, there are still people who believe that taking loans and then putting it into Bitcoin is such a good idea. While the latter is a good idea but, the first one is never a good decision to be done.

There is a reason why many doesn't invest with borrowed money because aside from the stress, you're also getting the trust of where you've borrowed it.

If you fail to pay back the principal amount and the interest, the trust is broken and as well as they'll remember you that you're such a person who defaults.

[devlin85]

Having the ability to accumulate BTC speaks more to financial order than courage. For someone with limited resources, even small, regular, and sustainable purchases are valid, as long as they do not compromise basic needs or cause anxiety. In my opinion, BTC should be acquired when there is economic stability so that it can be a long-term savings plan and not a lifeline.

[Finebone]

Having the ability to accumulate BTC speaks more to financial order than courage. For someone with limited resources, even small, regular, and sustainable purchases are valid, as long as they do not compromise basic needs or cause anxiety. In my opinion, BTC should be acquired when there is economic stability so that it can be a long-term savings plan and not a lifeline.

For any bitcoin investor to invest in bitcoin effectively, he actually needs a source of income that guarantees his discretionary income, because without discretionary income, it's not advisable to go ahead and invest, because anyone that invest in bitcoin outside his discretionary income will struggle to hold strong for long, since the need for that money used to invest will come up at a point in the future, and because of that, he may temper with his investment, so investment in Bitcoin outside your discretionary income is not a reliable way to invest in bitcoin.

Additionally, since we invest with our discretionary income, you must be in a good financial condition first by  taking care of your basic needs before you start talking of investing in Bitcoin.
So it's necessary that your finance is in order before you contemplate investing.

[Mr_Brilliant$]

Having the ability to accumulate BTC speaks more to financial order than courage. For someone with limited resources, even small, regular, and sustainable purchases are valid, as long as they do not compromise basic needs or cause anxiety. In my opinion, BTC should be acquired when there is economic stability so that it can be a long-term savings plan and not a lifeline.

How do you mean Bitcoin should be acquired when there is economic stability, so are you saying that if an economy is not stable, they he or she should not invest or accumulate Bitcoin?
What makes long term accumulation not to affect, is how the person plan he or her finances when accumulating Bitcoin, like using only funds that they can afford to use (discretionary income)..
And yeah, the ability to stay consistent in the accumulation of Bitcoin, is clearly someone’s ability to manage finances..

[AmoreJaz]

Buying Bitcoin requores money and the more money you have at your disposal, the easier it is for you to put some of those money into investment such as buying Bitcoin instead of keeping those money idle. This is the reason no one can fault this post because it is the truth. But that does not mean that people with limited funds cannot invest in Bitcoj , then can and also in the level they will be comfortable with. Since there is no benchmark in Bitcoin accumulation,  buying the quantity that can be held without pressures is the general target.

By 'limited funds', that can have two definition and that is, one is like you said that still has the ability to invest small amounts and the other can't possibly be, as they literally have a limited budget. If I can classify my self, I think I'm on the latter.

But, I did an experiment and still force my self to invest a tiny amount and I can't almost feel, lol. Not sure if that really brings me comfort. Maybe it is only on my head after all, as small money can still stack and grow huge in the future.

You'll never know how much the price will be in the future so you can't really say your small investment is just nothing. But as much as possible, you can still grow such investment by continuously investing into this market. If you won't stop trying to stash some, in time, it will still grow into something more valuable.
This action is only true for those believers and they show it by really investing into this market. But the funds that you are using should be your extra so you have no regrets if the time comes that you need to cash out for emergency reasons.

[Grace333]

Having the ability to accumulate BTC speaks more to financial order than courage. For someone with limited resources, even small, regular, and sustainable purchases are valid, as long as they do not compromise basic needs or cause anxiety. In my opinion, BTC should be acquired when there is economic stability so that it can be a long-term savings plan and not a lifeline.

True, accumulating BTC is more about discipline and structure than having courage. Even small, steady buys matter if they are sustainable and do not interfere with real life responsibilities. When investing starts to cause stress or affect basic needs, it stops being smart and turns into pressure.
Bitcoin works best as a long term investment, not something you depend on to survive. That is why getting your financial base stable first makes holding much easier.