Investment Become Gambling

[L E G E N D A R Y]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

[Cgrexp]

Trading is   risky. because it relies on short-term market fluctuations. And most people can't maintain consistency. Many people panic and sell. However, not everyone is impatient or afraid. Experienced and disciplined traders follow risk management. In long-term investing, short-term volatility reduces anxiety and allows for regular investment. For most people, taking a long-term view with DCA is more sustainable and realistic than short-term trading.

You are right trading is risky and even investing is risky but it just that trading risk is higher than holding. In trading if we don’t have the patience and endurance while trading then we are going to loss so much in trading and it has been of notice that many new traders lacks this attributes you mentioned and they do make silly mistakes and loss so much in trading. But investing doesn’t need us to get ourselves stress at all instead with just small knowledge we would invest and make it out with good returns. And the risk In investment is low but we still need patience with investing too.

Investing in Bitcoin by continuously buying and holding is the best approach for Bitcoin. Trading is becoming increasingly difficult, especially in a market like Bitcoin. So as we look back at the history of Bitcoin, we see that a 'buy and hold' strategy has worked quite well. And there will be rare instances where any trading strategy could beat the buy and hold strategy. Although historically, the odds have been against traders in Bitcoin and are likely to be against them in the future. Trading is a risky approach compared to an asset like Bitcoin. Although people can make a fortune even by adopting this risky approach.

[The Founding Titan]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

[Nwaswago]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

I'm quite new here but still think investing in bitcoin is a lovely idea ,tho its a long time investment which may seem like a waste of time,I am still trying to understand the basics in bitcoin completely before I enter or turn into and investor in the market ,but definitely would someday ,Any advice for a newbie here?

[Proty]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Trading is a short-term profit-making strategy. Trading is a form of gambling. I discourage trading because there are a lot of risks involved in this platform because you need to be experienced in market analysis. If you can trade with patience and within your financial means, you may get some profit but it is uncertain. Long term Bitcoin investment is the most promising and relatively less risky.

Due to the volatility of Bitcoin price you should accumulate Bitcoin regularly through discretionary income. Through discretionary income in the DCA method. This method is one of the best strategies for accumulating Bitcoin in the long term strategy because the strategy of frequent buying in price volatility is the best for growing Bitcoin portfolio.

Trading is very risky and no amount of patience or trading within ones financial means that will make trading to be less risky. Therefore the best option is to avoid trading entirely if possible and focus on long term investment. The idea of making profit from trading is like going into gambling with hope of making profit and the risk is very high. Therefore, it is wrong if you decide to give people a hope that they may make profit from trading, this is wrong.

[GIF-JOBS]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

When it gets to do with money and high risk investments, a lot of people actually get carried away especially when they start seeing profits and maybe don't have other tangible source of income, their investment holdings becomes a way of liberations and they forget the the actual goal they started with which is why most people start with a long term mindset and later turn it to gambling because they starting expecting the same profits they got from when the market was green and favoring them and that's why they said that the real investors are been determined during the bear market and not when the market is bullish and all green.

If you invest with the intention of making a profit in the short term, you are more likely to make  loss than a profit. Anyone who wants to invest in Bitcoin should initially think that Bitcoin is a digital asset that should be invested in for the long term. Here, there may be some profit due to short-term luck, but there is a high possibility of loss. Even if you make some profit by trading in the short term, it will be a loss compared to the long-term profit. But those who do not understand this at the beginning do panic selling due to price volatility or sell their holdings when they see a profit. But all investors should not make decisions to invest or sell their holdings based on the price of Bitcoin.

Trading is a short-term profit-making strategy. Trading is a form of gambling. I discourage trading because there are a lot of risks involved in this platform because you need to be experienced in market analysis. If you can trade with patience and within your financial means, you may get some profit but it is uncertain. Long term Bitcoin investment is the most promising and relatively less risky.

Due to the volatility of Bitcoin price you should accumulate Bitcoin regularly through discretionary income. Through discretionary income in the DCA method. This method is one of the best strategies for accumulating Bitcoin in the long term strategy because the strategy of frequent buying in price volatility is the best for growing Bitcoin portfolio.

Trading is very risky and no amount of patience or trading within ones financial means that will make trading to be less risky. Therefore the best option is to avoid trading entirely if possible and focus on long term investment. The idea of making profit from trading is like going into gambling with hope of making profit and the risk is very high. Therefore, it is wrong if you decide to give people a hope that they may make profit from trading, this is wrong.

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

[MainIbem]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

It's like wanting to build a skyscraper in 6 months, yes the foundation and basement could be built within 6 months but completing it takes years, that's why investing is the best way to achieve greater success with Bitcoin cause it takes years of accumulation, patience and long term holding to be able to beat the market, like you said it's something traders can't relate with cause they gamble with the coin to achieve great success which mostly get hindered by volatility of the market. To beat volatility one must hold Bitcoin longer, it's not also guaranteed due to how unpredictable the future could be but it's something that's been witnessed and proven since the existence of Bitcoin so people who want to achieve great success with it should follow that pattern of long term holding.

[Crytohillss]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

It's like wanting to build a skyscraper in 6 months, yes the foundation and basement could be built within 6 months but completing it takes years, that's why investing is the best way to achieve greater success with Bitcoin cause it takes years of accumulation, patience and long term holding to be able to beat the market, like you said it's something traders can't relate with cause they gamble with the coin to achieve great success which mostly get hindered by volatility of the market. To beat volatility one must hold Bitcoin longer, it's not also guaranteed due to how unpredictable the future could be but it's something that's been witnessed and proven since the existence of Bitcoin so people who want to achieve great success with it should follow that pattern of long term holding.

Many folks focus on short term price movements and ended up reacting emotionally to every dip and rally, long term holders tend to benefit from rather than trying to predict every market move patience alone isn't about knowing the risk,  investing only what one can afford to leave untouched for years is just as important. Bitcoin has giving a Long term convictions but everybody should still approach it with realistic expectations.

[Webutxo]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

This comparison has its advantage and disadvantage. Investing is good for beginners that knows nothing about trading, it's also good for many people that don't have time for trading, you can buy the coin that you want and hold it and then focus on other things that you want to do. That's how investment work but trading on the hand is good too if you know how to do it properly, sometimes that you miss selling at good price, if you are a good trader you will make good money.

Just know that investment has it's risk and trading has its risk but reason why many people love to take investment is that it's the easiest you can do. You don't need to know what's the technical price of Bitcoin, you don't need to understand the reason why the price is trading at thy price, you can use your basic knowledge to buy nd hold and later sell when the price becomes better. That's how you can enjoy investment without any stress.

[JayJuanGee]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

I'm quite new here but still think investing in bitcoin is a lovely idea ,tho its a long time investment which may seem like a waste of time,I am still trying to understand the basics in bitcoin completely before I enter or turn into and investor in the market ,but definitely would someday ,Any advice for a newbie here?

Sure.  Start out small.  Figure out your discretionary income, and then try to buy bitcoin weekly with 1/3 of your discretionary income.  the other 2/3 goes into your back up funds and your discretionary consumption.

Plan to buy bitcoin for 4-10 years or longer, and then try to learn along the way and to make various adjustments as you go.  Bitcoin is an investment and not a trade, and there are no guarantees that what you do (even if you do it perfectly) will be successful, but as long as you are learning as you go and tweaking your approach to your own situation, then you likely will benefits from the organization and discipline and even the learning that you do within the process of both building your bitcoin stash and strengthening your cashflow management, to the extent that it needs to be strengthened.

[The Founding Titan]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

I'm quite new here but still think investing in bitcoin is a lovely idea ,tho its a long time investment which may seem like a waste of time,I am still trying to understand the basics in bitcoin completely before I enter or turn into and investor in the market ,but definitely would someday ,Any advice for a newbie here?

Sure.  Start out small.  Figure out your discretionary income, and then try to buy bitcoin weekly with 1/3 of your discretionary income.  the other 2/3 goes into your back up funds and your discretionary consumption.

Plan to buy bitcoin for 4-10 years or longer, and then try to learn along the way and to make various adjustments as you go.  Bitcoin is an investment and not a trade, and there are no guarantees that what you do (even if you do it perfectly) will be successful, but as long as you are learning as you go and tweaking your approach to your own situation, then you likely will benefits from the organization and discipline and even the learning that you do within the process of both building your bitcoin stash and strengthening your cashflow management, to the extent that it needs to be strengthened.

A newbie just needs to be able to figure out their discretionary income and know how much of it their will be willing to invest in bitcoin with for them to be able to start accumulating bitcoin, everything else can come after they've started and with time they will see results, it doesn't necessarily have to be in making profit, success isn't guaranteed after all, but then there is also the knowledge to be gotten and the experience as well, bitcoin investment is one of the best ways to learn about cashflow management, some people even understood the need of having their backup funds in place only because they started investing in bitcoin and today that backup fund is backing up more than just their bitcoin.

[PhilosopherKing]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

This comparison has its advantage and disadvantage. Investing is good for beginners that knows nothing about trading, it's also good for many people that don't have time for trading, you can buy the coin that you want and hold it and then focus on other things that you want to do. That's how investment work but trading on the hand is good too if you know how to do it properly, sometimes that you miss selling at good price, if you are a good trader you will make good money.

Just know that investment has it's risk and trading has its risk but reason why many people love to take investment is that it's the easiest you can do. You don't need to know what's the technical price of Bitcoin, you don't need to understand the reason why the price is trading at thy price, you can use your basic knowledge to buy nd hold and later sell when the price becomes better. That's how you can enjoy investment without any stress.

You don't have to always think trading is the best option.

Bitcoin is a long time investment, and when investing person have to ongoingly invest using what they can afforded to loose, and keep on accumulating until they enter over-accumulation.

The moment when person starts to be selling when price recover that is trading and a very dumb thing to do. You can't grow your bitcoin stash when you time and trade. Trading is a very stressful something to do. and sometimes you may think the price has fully recovered and you sell only for the price to go up again, and the more you continue to sell the more you end up becoming a no coiner.

[ZeroVinsonN]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

This comparison has its advantage and disadvantage. Investing is good for beginners that knows nothing about trading, it's also good for many people that don't have time for trading, you can buy the coin that you want and hold it and then focus on other things that you want to do. That's how investment work but trading on the hand is good too if you know how to do it properly, sometimes that you miss selling at good price, if you are a good trader you will make good money.

Just know that investment has it's risk and trading has its risk but reason why many people love to take investment is that it's the easiest you can do. You don't need to know what's the technical price of Bitcoin, you don't need to understand the reason why the price is trading at thy price, you can use your basic knowledge to buy nd hold and later sell when the price becomes better. That's how you can enjoy investment without any stress.

You don't have to always think trading is the best option.

Bitcoin is a long time investment, and when investing person have to ongoingly invest using what they can afforded to loose, and keep on accumulating until they enter over-accumulation.

The moment when person starts to be selling when price recover that is trading and a very dumb thing to do. You can't grow your bitcoin stash when you time and trade. Trading is a very stressful something to do. and sometimes you may think the price has fully recovered and you sell only for the price to go up again, and the more you continue to sell the more you end up becoming a no coiner.

It's pointless trying to convince a trader to stop trading, if their own experience isn't enough to make them change their minds then telling them to do so won't change much of their minds either.
Trading has never been the best option when compared to bitcoin investment, some people might have gained from it but it still isn't comparable to bitcoin investment, though success isn't guaranteed bitcoin investment has over the years shown a high likelihood of success, far more than trading has and will most likely continue that way, it's up to us to decide which one we want though I would advise to go for bitcoin investment over trading.

[Gost ms]

A newbie just needs to be able to figure out their discretionary income and know how much of it their will be willing to invest in bitcoin with for them to be able to start accumulating bitcoin, everything else can come after they've started and with time they will see results, it doesn't necessarily have to be in making profit, success isn't guaranteed after all, but then there is also the knowledge to be gotten and the experience as well, bitcoin investment is one of the best ways to learn about cashflow management, some people even understood the need of having their backup funds in place only because they started investing in bitcoin and today that backup fund is backing up more than just their bitcoin.

Bitcoin investment never teaches you cash flow management. The best way to learn cash flow management is to find out our income and expenses. For example, how much money we are earning and how much we are spending monthly or weekly and reduce all our unnecessary expenses. Since the price of Bitcoin is very volatile and the price of Bitcoin tends to rise in a very short time, learning cash flow management through investing in Bitcoin will not be the right decision at all.

Although starting our investment is the most important and waiting to start investing to create an emergency fund is not the right decision at all. But yes, if a person has an emergency fund at zero level, then he needs to keep some amount of money for the emergency fund at the beginning, although not mandatory, but starting investment with zero emergency fund is very risky. It is best to divide our discretionary income into three levels, such as for emergency fund, for discretionary income and for additional expenses. Everyone can divide the amount of money they want to put in which category, according to their wishes.

[Nwaswago]

One thing is to have interest in Bitcoin and the next to have a basic knowledge of what Bitcoin investment is all about and then try to figure out your discrestionary income because these are the things that will help anyone who is starting new because without a basic knowledge and your discretionary income, you cannot really understand how Bitcoin works. The feeling of selling off our Bitcoin or Investment is always as a result of someone not been interested in Bitcoin and in the long term. Note, our return in Bitcoin investment is not certain that is why we use our discretionary income to invest.

I believe the real problem here remains that a lot of new folks who come into bitcoin investment, often end up coming in with a major misconception about bitcoin, and this gives them the wrong mindset about bitcoin investment, and trust me, the moment that the mindset becomes wrong, every other thing that follows would automatically become wrong too, including the approach, strategy and expectations. So it's crucial to always try to first of all deal with the mindset before thinking of tackling any other sub issues.

Some people think it's a get rich quick scheme and once that expectation isn't met they dub it a scam and start spreading this misunderstood perspective like it's the real deal, if they had understood from the start that investing in bitcoin doesn't bring immediate profits then they would be better placed as investors, some don't even know to limit their investment to just their discretionary income and this still banks on them thinking they will be reaping profits very quickly so they are willing to invest outside their discretionary income out of their greed to get as much profit as they can in that short period of time.

I'm quite new here but still think investing in bitcoin is a lovely idea ,tho its a long time investment which may seem like a waste of time,I am still trying to understand the basics in bitcoin completely before I enter or turn into and investor in the market ,but definitely would someday ,Any advice for a newbie here?

Sure.  Start out small.  Figure out your discretionary income, and then try to buy bitcoin weekly with 1/3 of your discretionary income.  the other 2/3 goes into your back up funds and your discretionary consumption.

Plan to buy bitcoin for 4-10 years or longer, and then try to learn along the way and to make various adjustments as you go.  Bitcoin is an investment and not a trade, and there are no guarantees that what you do (even if you do it perfectly) will be successful, but as long as you are learning as you go and tweaking your approach to your own situation, then you likely will benefits from the organization and discipline and even the learning that you do within the process of both building your bitcoin stash and strengthening your cashflow management, to the extent that it needs to be strengthened.

It seems that the only way for bitcoin investment to have any chance at success is if it's done for the long term, it's going to be a very long journey but I think the most important thing to do is to start, I don't see the point in waiting unnecessarily, I just need to see how far my discretionary income can go, I won't be able to use all of it to invest in bitcoin but then I don't even need to use all to invest, just a part of it and like you said 1/3 of it sounds nice, and my backup funds too.

[The Founding Titan]

A newbie just needs to be able to figure out their discretionary income and know how much of it their will be willing to invest in bitcoin with for them to be able to start accumulating bitcoin, everything else can come after they've started and with time they will see results, it doesn't necessarily have to be in making profit, success isn't guaranteed after all, but then there is also the knowledge to be gotten and the experience as well, bitcoin investment is one of the best ways to learn about cashflow management, some people even understood the need of having their backup funds in place only because they started investing in bitcoin and today that backup fund is backing up more than just their bitcoin.

Bitcoin investment never teaches you cash flow management. The best way to learn cash flow management is to find out our income and expenses. For example, how much money we are earning and how much we are spending monthly or weekly and reduce all our unnecessary expenses. Since the price of Bitcoin is very volatile and the price of Bitcoin tends to rise in a very short time, learning cash flow management through investing in Bitcoin will not be the right decision at all.

Although starting our investment is the most important and waiting to start investing to create an emergency fund is not the right decision at all. But yes, if a person has an emergency fund at zero level, then he needs to keep some amount of money for the emergency fund at the beginning, although not mandatory, but starting investment with zero emergency fund is very risky. It is best to divide our discretionary income into three levels, such as for emergency fund, for discretionary income and for additional expenses. Everyone can divide the amount of money they want to put in which category, according to their wishes.

Not directly it doesn't but a person can get a better understanding of their cashflow because they decided to accumulate bitcoin although this is not just limited to bitcoin so while you might think it not possible for a person to grasp anything about cashflow management from investing in bitcoin I will be disagree with you.
Your discretionary income is important to be able to accumulate bitcoin and if you don't know what your discretionary income is then becoming a bitcoin investor won't be possible, figuring out our discretionary income isn't all that difficult but it still needs figuring out.

[Charcol]

There is no doubt that investing is much better than trading, but there are still many who want to achieve great success through trading, but do they ever really get anything good after that? They lose more than they gain, in fact most short-term traders cannot beat the market in the long run and many only face losses. In the case of Bitcoin, we can never achieve anything good through trading, we only have to hold Bitcoin for the long term, if we want to have a good chance of getting something good.

Just know that investment has it's risk and trading has its risk but reason why many people love to take investment is that it's the easiest you can do. You don't need to know what's the technical price of Bitcoin, you don't need to understand the reason why the price is trading at thy price, you can use your basic knowledge to buy nd hold and later sell when the price becomes better. That's how you can enjoy investment without any stress.

You are probably talking about investing in this part but the idea that you can sell later when the price is better is actually not a Bitcoin investment mindset but a trading mindset. An investor and a trader have different goals. A trader wants to profit from market fluctuations, so for him, entry price, exit price, timing, market momentum, emotion control are all big things for him. But a long-term investor's main goal is to continue accumulating Bitcoin with his discretionary income and strengthen his own position over time. He will never want to profit from small fluctuations, but his plan is such that when the market goes down, he does not panic and sees it as an opportunity.

Another thing is that you said that if you are a good trader, you can earn a good amount of money, this may be true in some cases but it can be dangerous for beginners. Because I have seen many people who think they are good traders, but in reality they cannot time the market and cannot control their emotions. In the end, they fall into the trap of buying too much and selling too little, thinking they are good traders.

[ruykeri]

You don't have to always think trading is the best option.

Bitcoin is a long time investment, and when investing person have to ongoingly invest using what they can afforded to loose, and keep on accumulating until they enter over-accumulation.

The moment when person starts to be selling when price recover that is trading and a very dumb thing to do. You can't grow your bitcoin stash when you time and trade. Trading is a very stressful something to do. and sometimes you may think the price has fully recovered and you sell only for the price to go up again, and the more you continue to sell the more you end up becoming a no coiner.

I agree with you. It is not possible to predict how much the price of Bitcoin will increase or decrease in a short time. And since the price is always unstable, any decision made by traders in the short term is considered a wrong decision in most cases. And they start regretting it again and again. That is why Bitcoin investment has to be continued for a long time. In conducting investment activities, one should invest with such money that if it is in a long time holding state, it will not have much impact economically. And there are many people who start investing with a long time mindset at the beginning but sell it as soon as they see the price increase a little. Or they do panic selling as soon as they see the price decrease. In their case, the mindset has to be fixed first and then they start investing. Because investing according to the right plan increases the chances of long-term success, but if the decision does not match the plan, then one has to suffer losses. Comparing it with the past price, it can at least be understood that Bitcoin has always rewarded long-term investors.

[Merit.s]

Bitcoin investment never teaches you cash flow management. The best way to learn cash flow management is to find out our income and expenses. For example, how much money we are earning and how much we are spending monthly or weekly and reduce all our unnecessary expenses. Since the price of Bitcoin is very volatile and the price of Bitcoin tends to rise in a very short time, learning cash flow management through investing in Bitcoin will not be the right decision at all.

You can learn financial management when you have started your bitcoin investment and it's not a criterion for a new bitcoin investor to start learning financial management before getting started because all these things are practical and you need to put it into practice to have a good understanding on financial management.

A brand new investor might be reckless with his discretionary income and uses it to do whatever, he likes or might not even give a fuck about cutting down unnecessary expenses because he's not investing but the moment he starts his bitcoin investment and understands that he will only buy with his discretionary income.

 He can decide to learn and study his cash inflow based on his own financial situation and try to cut down unnecessary expenses and avoid putting himself in a position where he will spend more on consumable items so that, he can channel those funds for his weekly bitcoin accumulation in order for him to continue buying regularly every week over time. Financial management is important for you to be successful in your bitcoin accumulation journey because it enables you to assign the right funds for the right purpose.

[BluebloodCXVI]

It seems that the only way for bitcoin investment to have any chance at success is if it's done for the long term, it's going to be a very long journey but I think the most important thing to do is to start, I don't see the point in waiting unnecessarily, I just need to see how far my discretionary income can go, I won't be able to use all of it to invest in bitcoin but then I don't even need to use all to invest, just a part of it and like you said 1/3 of it sounds nice, and my backup funds too.

As long as you’re able to figure out your discretionary income and it is enough to purchase even the smallest unit of sats(bitcoin), then you can start your ongoing accumulation process. You don’t need very big amounts before you can buy bitcoin and even if you have plenty discretionary income, you don’t need to use everything to buy bitcoin if it’s not within your budget; just do what it easy for you and aligns well with your financial circumstances. Prioritize having emergency funds; it’s importance cannot be overstated because it is what will help you to be able to hold your bitcoin well and you will not be under pressure to spend from it to take care of unexpected expenses or situations.