Investment Become Gambling

[Nwaswago]

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.

This is pretty much why I don’t like it when people address bitcoin as crypto, because this is often where the big misconception starts. Some folks have this understanding of crypto as some asset or commodity where people just put in their money and expect some quick profits, and that’s why that’s mostly how they approach all of them shitcoins, so the problem starts when they begin to approach Bitcoin the same way, and when they don’t get the expected result, they begin to see it as a scam, but they fail to understand that the problem was never from Bitcoin itself but their mindset and approach towards Bitcoin.

Using crypto is never been specific on the particular coin you are taking about because crypto is a mix up of several coin which also includes shitcoin and other untrusted coin and calling crypto might also mislead people into investing into shitcoin that's it's better to either use one so they can know which you mean. Bitcoin is the most trusted coin to invest into and it's also a long term investment and it's not to be traded.

I totally agree, this is the exact reason h
There is confusion between Bitcoin and crypto and is causes so much damage, bitcoin is digital gold,not a lottery ticket. It's a long term store of value that have survived regulatory attacks and media obituaries over the years,there people who do best are usually those who invest what they can afford tho lose,which is called the risk investment with 1/3 of your capital
Quick one,Do you think the term crypto has done more harm than good to Bitcoin reputation at this point also as a newbie ,I am asking for the best way to educate newcomers so they don't fall into "get rich quick" Trap?

[ChocolateBitcoinK]

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.

Regardless of the amount of discretionary income a person has it's still very important for them to accumulate with what they can tolerate, alot of people think that their discretionary income is meant only for accumulating bitcoin and to some extent this won't be a wrong thing to do if a person has already set of their backup funds but if they haven't then it's not smart to go all in into bitcoin investment with all of their discretionary income, even some people who already have their backup funds ready still won't be aggressive enough to invest in bitcoin with all of their discretionary income, people have discretionary spending that even though they are not a part of their basic needs are still important to them, this varies from individual to individual so when a person uses all of their discretionary income to buy bitcoin they become unable to do these other things.

It will be considered over aggressive if an investor decides to used all there discretionary income for accumulating bitcoin.  An investor should not put all there discretionary income in bitcoin to avoid putting themselves into tight corner. An investor can decide to be aggressive by using a certain percentage of there discretionary for buying bitcoin. An investor should only invest a percentage of there discretionary income.

Which is why i said they should invest only with what they can tolerate, most people think that the only purpose of their discretionary income is to buy bitcoin and that's why you will see them talking about using all of their discretionary income for bitcoin investment, a bitcoin investor isn't competing with anyone on who's going to accumulate more, anyone who is doing something like this should really reconsider their life's choices because when they crash they will only have themselves to blames.

Investing in Bitcoin with the money needed for expenses is not like gambling. If a person uses the money needed to invest in Bitcoin, then that money is needed for expenses. Then how will they meet their necessary expenses? Investing in Bitcoin with the money needed for expenses is like gambling on the price of BTC rising or staying the same, which may or may not happen. And depending on the price of BTC rising or staying the same to have enough money to meet expenses is a matter of luck. Therefore, investing should not be done with the money needed for expenses.

[BluebloodCXVI]

It will be considered over aggressive if an investor decides to used all there discretionary income for accumulating bitcoin.  An investor should not put all there discretionary income in bitcoin to avoid putting themselves into tight corner. An investor can decide to be aggressive by using a certain percentage of there discretionary for buying bitcoin. An investor should only invest a percentage of there discretionary income.

You seem to be judging a person’s ability to be aggressive based on the percentage of discretionary income that they may choose to invest with rather than judging it based on their overall financial position and how they manage risk.
We all know that discretionary income is the money that is meant for investing after our essential expenses and financial obligations have been covered. So whether an investor chooses to use all of it to invest or not totally depends on their current predicament. In an instance where an investor may have already built their emergency funds and planned for unexpected expenses from a previous buy, they can decide that they wanna use all of their discretionary money to make purchases on their next buy; i don’t think that automatically makes them overly aggressive.

[JayJuanGee]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

[Showlove01]

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.

Regardless of the amount of discretionary income a person has it's still very important for them to accumulate with what they can tolerate, alot of people think that their discretionary income is meant only for accumulating bitcoin and to some extent this won't be a wrong thing to do if a person has already set of their backup funds but if they haven't then it's not smart to go all in into bitcoin investment with all of their discretionary income, even some people who already have their backup funds ready still won't be aggressive enough to invest in bitcoin with all of their discretionary income, people have discretionary spending that even though they are not a part of their basic needs are still important to them, this varies from individual to individual so when a person uses all of their discretionary income to buy bitcoin they become unable to do these other things.

It will be considered over aggressive if an investor decides to used all there discretionary income for accumulating bitcoin.  An investor should not put all there discretionary income in bitcoin to avoid putting themselves into tight corner. An investor can decide to be aggressive by using a certain percentage of there discretionary for buying bitcoin. An investor should only invest a percentage of there discretionary income.

Which is why i said they should invest only with what they can tolerate, most people think that the only purpose of their discretionary income is to buy bitcoin and that's why you will see them talking about using all of their discretionary income for bitcoin investment, a bitcoin investor isn't competing with anyone on who's going to accumulate more, anyone who is doing something like this should really reconsider their life's choices because when they crash they will only have themselves to blames.

Investing in Bitcoin with the money needed for expenses is not like gambling. If a person uses the money needed to invest in Bitcoin, then that money is needed for expenses. Then how will they meet their necessary expenses? Investing in Bitcoin with the money needed for expenses is like gambling on the price of BTC rising or staying the same, which may or may not happen. And depending on the price of BTC rising or staying the same to have enough money to meet expenses is a matter of luck. Therefore, investing should not be done with the money needed for expenses.

I don't really get what you saying because it is as if you are confused, initially you said gambling with money meant for expenses is not like gambling and later you are saying investing with money meant for expenses is gambling what side are you on because you can confused newbie with this kind of information. However, I will like to clear it to you that using money meant for other expenses to invest in Bitcoin is wrong and I will indulge anyone not to try it.

[Bigjoe33]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Haha! This is way too much to know all at once before starting Bitcoin investment. How do you even know or study market volatility? I think this is just an approach never to start, yea!

Getting knowledge is fine, but these knowledge can be acquired along the line while you are already investing. Of course, better and sound knowledge is gotten even when you are already in the market, getting a personal or First hand knowledge. The main point is getting started, and if you are able to figure out what your discretionary income is, then you can begin your investments, and slowly figure out things in the best way it suits your income as you also learn better income management and allocation

[Proty]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Investing in bitcoin doesn't require an investor to have knowledge about bitcoin volatility or market trends. An investor doesn't need to understand how volatility or market trends work before they can start accumulating bitcoin. The most important thing is if they can figure out there discretionary income, then they can start accumulating bitcoin. It is only those that are after quick profit or trading that should be bothered about knowing how volatility works or market trends. As for those that are investing in bitcoin with long term mindset, all they need to know is how to be able to figure out there discretionary income.

[Olatundespo]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Investing in bitcoin doesn't require an investor to have knowledge about bitcoin volatility or market trends. An investor doesn't need to understand how volatility or market trends work before they can start accumulating bitcoin. The most important thing is if they can figure out there discretionary income, then they can start accumulating bitcoin. It is only those that are after quick profit or trading that should be bothered about knowing how volatility works or market trends. As for those that are investing in bitcoin with long term mindset, all they need to know is how to be able to figure out there discretionary income.

The important thing for a new Bitcoin investor is to have discretionary income. This is where it should stop. If someone ask, don't they need to know about fund management, market volatility? My answer is that they need to know everything, even the technical knowledge of Bitcoin. But don't waste your current or valuable investment time for learning Bitcoin. Bitcoin is volatile and a store of potential future wealth and value. The price you can buy Bitcoin at today may not be the same price you can buy it at in a short time.

You will have a lot of time to learn about Bitcoin. Start with the amount of funds you currently have available to buy Bitcoin. This is the initial and very important step for you and the time to lay the foundation for Bitcoin. Buy Bitcoin before the price increases too much, set an investment period for learning without giving extra time.

[TrialBitcoin]

The important thing for a new Bitcoin investor is to have discretionary income. This is where it should stop. If someone ask, don't they need to know about fund management, market volatility? My answer is that they need to know everything, even the technical knowledge of Bitcoin. But don't waste your current or valuable investment time for learning Bitcoin. Bitcoin is volatile and a store of potential future wealth and value. The price you can buy Bitcoin at today may not be the same price you can buy it at in a short time.

You will have a lot of time to learn about Bitcoin. Start with the amount of funds you currently have available to buy Bitcoin. This is the initial and very important step for you and the time to lay the foundation for Bitcoin. Buy Bitcoin before the price increases too much, set an investment period for learning without giving extra time.

You make a good point that waiting until you know everything about Bitcoin can cause people to delay investing indefinitely. Starting early with an amount you can comfortably afford while continuing to learn is often a practical approach.

That said, I also think it's important that new investors understand a few basics before buying. They should know that Bitcoin's price is highly volatile, that they should only invest money they can afford to leave untouched for the long term, and that securing their wallet and recovery phrase is essential. These fundamentals help prevent costly mistakes. A balanced approach is to start small, invest consistently with discretionary income, and keep learning along the way. That way, you're building your position without delaying indefinitely, while also reducing the risk of making avoidable errors.

[The Founding Titan]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Haha! This is way too much to know all at once before starting Bitcoin investment. How do you even know or study market volatility? I think this is just an approach never to start, yea!

Getting knowledge is fine, but these knowledge can be acquired along the line while you are already investing. Of course, better and sound knowledge is gotten even when you are already in the market, getting a personal or First hand knowledge. The main point is getting started, and if you are able to figure out what your discretionary income is, then you can begin your investments, and slowly figure out things in the best way it suits your income as you also learn better income management and allocation

People who keep delaying their investment over the excuse that they still have bitcoin investment knowledge they want to gather don't really want to invest or they are newbies who have been misled by listening to the wrong advice from the wrong person, knowledge isn't bad, but people shouldn't be using the fact that they don't have all of it as an excuse to no start investing, we've had talks like this over and over, anyone who's seen a post like this here on the forum but still wants to tell themselves they still need to know everything probably don't actually want to invest in bitcoin.

[PhilosopherKing]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

If person investment is for a long time then it is so pointless for them to be delaying theriself when they can just start and quit fucking around with trying to know everything. The thing about investing ongoingly, is that the more time that person spend investing, the more experience person stand to gain and it is that experience that they gain along the way that makes them good investors.

Having discretionary income to invest, and also common sense, person can start and along the way they can learn other things that needs to be learn. Person don't have to be perfect before they can invest

[Nwaswago]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

If person investment is for a long time then it is so pointless for them to be delaying theriself when they can just start and quit fucking around with trying to know everything. The thing about investing ongoingly, is that the more time that person spend investing, the more experience person stand to gain and it is that experience that they gain along the way that makes them good investors.

Having discretionary income to invest, and also common sense, person can start and along the way they can learn other things that needs to be learn. Person don't have to be perfect before they can invest

Of course more experiences comes where consistency,patience is present,you might think you have the knowledge all but during your time investing ,you will sure get to learn more things of great importance

[Gragebox]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Certainly, basic information on volatility, trends in the market, and risk management can be very useful, but it is not necessary to learn all of these things before acquiring Bitcoin. In addition, as for the time to sell Bitcoin, it depends on your objectives. Some investors make money by selling at specific price levels, whereas others never sell until they need that money.

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Investing in bitcoin doesn't require an investor to have knowledge about bitcoin volatility or market trends. An investor doesn't need to understand how volatility or market trends work before they can start accumulating bitcoin. The most important thing is if they can figure out there discretionary income, then they can start accumulating bitcoin. It is only those that are after quick profit or trading that should be bothered about knowing how volatility works or market trends. As for those that are investing in bitcoin with long term mindset, all they need to know is how to be able to figure out there discretionary income.

I support the idea that investing in Bitcoin does not necessarily imply that one must become an expert on volatility or technical analysis before starting the investment process. It is necessary first of all to assess your current financial situation and invest money which is not the part of your budget. It will make you consistent and will allow you to follow the plan without extra pressure on your budget.

For long-term investors, the short-term fluctuations do not present any obstacles; in fact, it is more like a path which has to be passed by the investor. In spite of the fact that certain knowledge about the cycles of the market may contribute to making better decisions and will help in gaining more confidence in future, it does not imply that this knowledge is necessary to start investing in Bitcoin.

[Hatchy]

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

There is always this feeling of wanting to sell of our coins when the market begins to fluctuate. But as an investor with a long term goal,your view of the market would be different from that of others. You shouldn't allow your self be manipulated by market volatilty and that why I tell new investors to stay away from the market. You have no business with analysing the charts. A long term investor deal only with long term trends. Going to the chart and analysing a daily or hourly chart is just dump. Your only task as a long term Investor is to see that your coins are secured and you are using strategic plans to keep your investments going. Investing becomes gambling when you have no plans as to what you are doing...

[JayJuanGee]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Certainly, basic information on volatility, trends in the market, and risk management can be very useful, but it is not necessary to learn all of these things before acquiring Bitcoin. In addition, as for the time to sell Bitcoin, it depends on your objectives. Some investors make money by selling at specific price levels, whereas others never sell until they need that money.

We are talking about investing not trading, so there does not need to be any specific plans for selling, even though I cannot fault anyone who wants to know where they are able to sell in the event that they need to or want to sell.

And, sure in the beginning, a beginner might not realize that investing into bitcoin is a 4-10 year or longer timeline, so in the beginning they might not be willing to commit to a timeline of 4-10 years or longer... yet  they still would have to have some kind of comfort level for however much they might be starting with whether it is $100, $10 or some other amount..

And some guys who feel a bit uncomfortable, might start out with relatively smaller amounts than what they know that they are able to afford because they are purposefully just getting used to the process of buying bitcoin and any other limitation that they might have when they might see that they had removed that quantity of their available funds, even if they were to start out with a weekly amount while they are investigating further into bitcoin and/or further into aspect of their cashflow management or whatever funds that they tend to have available, whether weekly, monthly or on some other periodic basis.

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?  Do you need to know those things prior to starting to buy bitcoin?  And what do you consider the role of selling to be for an investor?

Investing in bitcoin doesn't require an investor to have knowledge about bitcoin volatility or market trends. An investor doesn't need to understand how volatility or market trends work before they can start accumulating bitcoin. The most important thing is if they can figure out there discretionary income, then they can start accumulating bitcoin. It is only those that are after quick profit or trading that should be bothered about knowing how volatility works or market trends. As for those that are investing in bitcoin with long term mindset, all they need to know is how to be able to figure out there discretionary income.

I support the idea that investing in Bitcoin does not necessarily imply that one must become an expert on volatility or technical analysis before starting the investment process. It is necessary first of all to assess your current financial situation and invest money which is not the part of your budget. It will make you consistent and will allow you to follow the plan without extra pressure on your budget.

For long-term investors, the short-term fluctuations do not present any obstacles; in fact, it is more like a path which has to be passed by the investor. In spite of the fact that certain knowledge about the cycles of the market may contribute to making better decisions and will help in gaining more confidence in future, it does not imply that this knowledge is necessary to start investing in Bitcoin.

If a newbie bitcoiner comes to bitcoin and spends a bit of time looking at bitcoin charts (even an hour or two), there can be a certain appreciation that the price direction of bitcoin is not very well known in the future, and even perhaps to recognize that bitcoin has a tendency to act in quite volatile ways, so in that regard, they might even choose to buy smaller amounts of bitcoin in the beginning so that they can get used to the volatility.. and frequently guys should realize that investing with an amount that they can afford to lose is a good way to not get too attached to the amount, so in that way they purposefully choose a small enough amount that does not cause them concern if they ended up making some kind of a mistake that would end up causing them to lose most if not all of the money that they initially put in.

[Padi24]

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

There is always this feeling of wanting to sell of our coins when the market begins to fluctuate. But as an investor with a long term goal,your view of the market would be different from that of others. You shouldn't allow your self be manipulated by market volatilty and that why I tell new investors to stay away from the market. You have no business with analysing the charts. A long term investor deal only with long term trends. Going to the chart and analysing a daily or hourly chart is just dump. Your only task as a long term Investor is to see that your coins are secured and you are using strategic plans to keep your investments going. Investing becomes gambling when you have no plans as to what you are doing...

It is only when an investor first had the mindset of investing for Short term maybe receiving advice from different source about investing for Long term and they now look at the advantages of investing for long term and the risk involve, they see that it has more advantage with a minimal risk. So for that they decided to focus on Long term investment when Thier initial plan was to invest for short term, you know at this point it's as if they were forced into Long term investment meanwhile it's a decision they made by themselves after seeing the advantages of investing for long term. In the near future this set of investors may likely regret ever taking such decision when the market begin to fluctuate. But as for those investors that first had the mindset of investing for long term, I don't think if they can easily get moved by the market fluctuation.

[Debbiecrypto]

[edited out]

Most Bitcoin hodlers that call themselves investors are traders. This is because they sell their coin when they observe increase in price or little dip. A good knowledge about votality, market trend and fund management is required to be a good investor.

You really believe that investing requires knowledge about volatility, market trends and how to manage funds?

Yes but not indepth. Good knowledge about votality, market trends and fund management isn't only for BTC traders but also for investors. This help them stay firm during a challenging period like this( during the dip) as they keep in mind that price aren't stay and can show a great move for dip or bull within seconds.

Do you need to know those things prior to starting to buy bitcoin?  

Not really, you can start accumulating your BTC immediately you know a good wallet to store your coin and also how to keep your coin save from hackers and scammers. Knowledge about volatility, market trends and funds management is just to keep you on track to avoid fear during your Bitcoin accumulation journey.

And what do you consider the role of selling to be for an investor?

Selling BTC within a short time doesn't come with good benefit for investors. Although, you might have sold at a price that suit you during bull or at lose during bear. In ever way, you are losing the opportunity that might come along with it if you have hodl for more year. So, it is quit encouraging to keep accumulating it  when opportunity arise than selling.

[Sim_card]

Yes but not indepth. Good knowledge about votality, market trends and fund management isn't only for BTC traders but also for investors. This help them stay firm during a challenging period like this( during the dip) as they keep in mind that price aren't stay and can show a great move for dip or bull within seconds.

How do you expect a brand new investor to have a good knowledge about volatility when he's not investing. Will he start looking at the price of bitcoin often because he wants to have a good knowledge on volatility. That's useless because no one can predict the price of bitcoin or know the next market movement. A brand new investor doesn't need any knowledge on volatility he only just need to know that he's investing in a volatile asset which he will understand more as he's accumulating and learning at the same time.

Not really, you can start accumulating your BTC immediately you know a good wallet to store your coin and also how to keep your coin save from hackers and scammers. Knowledge about volatility, market trends and funds management is just to keep you on track to avoid fear during your Bitcoin accumulation journey.

I believe that majority of newbies are new to bitcoin and trying to learn which wallet and how to keep his bitcoin safe from hackers will only waste his time because he wouldn't even take it serious since he has no bitcoin. You can learn all that when you already have bitcoin because that's when you will be more careful and secure your bitcoin safely from hackers. All what you said above aren't important.

The most important thing is get started and don't derive joy waiting as a no coiner for long instead, of buying immediately and become a low coiner. Wallet is technical and majority of brand new bitcoin investors ain't tech savvy which makes it difficult for them to make the right choice of wallet at the beginning because they don't know the difference between opens source and close source or custodial and noncustodial wallets.

[SPIDERMAN008]

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

There is always this feeling of wanting to sell of our coins when the market begins to fluctuate. But as an investor with a long term goal,your view of the market would be different from that of others. You shouldn't allow your self be manipulated by market volatilty and that why I tell new investors to stay away from the market. You have no business with analysing the charts. A long term investor deal only with long term trends. Going to the chart and analysing a daily or hourly chart is just dump. Your only task as a long term Investor is to see that your coins are secured and you are using strategic plans to keep your investments going. Investing becomes gambling when you have no plans as to what you are doing...

You are absolutely right. Real investors in Bitcoin never make decisions by looking at the chart in the short term. They do not even think much about the volatility of the price in the short term. Those who are more worried about the short term price basically have a trading mindset. They make decisions like panic selling when the price starts to fall. Which really causes big losses. And long time holders can protect themselves from such losses. They continue to invest regularly without looking at the price. If the price starts to fall a little, it works as an opportunity for them. They do not make decisions like panic selling at that time.

[ZeroVinsonN]

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.

Regardless of the amount of discretionary income a person has it's still very important for them to accumulate with what they can tolerate, alot of people think that their discretionary income is meant only for accumulating bitcoin and to some extent this won't be a wrong thing to do if a person has already set of their backup funds but if they haven't then it's not smart to go all in into bitcoin investment with all of their discretionary income, even some people who already have their backup funds ready still won't be aggressive enough to invest in bitcoin with all of their discretionary income, people have discretionary spending that even though they are not a part of their basic needs are still important to them, this varies from individual to individual so when a person uses all of their discretionary income to buy bitcoin they become unable to do these other things.

It will be considered over aggressive if an investor decides to used all there discretionary income for accumulating bitcoin.  An investor should not put all there discretionary income in bitcoin to avoid putting themselves into tight corner. An investor can decide to be aggressive by using a certain percentage of there discretionary for buying bitcoin. An investor should only invest a percentage of there discretionary income.

Which is why i said they should invest only with what they can tolerate, most people think that the only purpose of their discretionary income is to buy bitcoin and that's why you will see them talking about using all of their discretionary income for bitcoin investment, a bitcoin investor isn't competing with anyone on who's going to accumulate more, anyone who is doing something like this should really reconsider their life's choices because when they crash they will only have themselves to blames.

Investing in Bitcoin with the money needed for expenses is not like gambling. If a person uses the money needed to invest in Bitcoin, then that money is needed for expenses. Then how will they meet their necessary expenses? Investing in Bitcoin with the money needed for expenses is like gambling on the price of BTC rising or staying the same, which may or may not happen. And depending on the price of BTC rising or staying the same to have enough money to meet expenses is a matter of luck. Therefore, investing should not be done with the money needed for expenses.

At first I was of the opinion that you didn't know what you were saying the you started to contradict yourself and I just got even more confused, these are the kinds of posts that will completely disorient a newbie leading them to making mistakes, none of what you just said is consistent with the other.
We don't invest in bitcoin with money meant for our daily expenses, we invest with our discretionary income and our discretionary income is what's left after we've settled our essentials expenses which includes daily essentials, if you invest outside of your discretionary income then you will have to find a way to pay for what you were supposed to pay for either the money you used to invest and at the end of the day you will end up having to sell the bitcoin you just bought and even end up selling at a loss.