Investment Become Gambling

[Female King]

Of course, with my example, I tried to show someone who might end up putting a lot of priority in buying bitcoin every two weeks with his ₦50,000-ish that he believes that he can reasonably accomplish every two weeks.

And, for sure, normal people are going to frequently have various challenges in regards to their income and/or their expenses, yet they can still try to prioritize bitcoin investing within what they are doing within means that they believe to be reasonably accomplishable.

Another reason that I stick with an example of ₦50,000 per 2 weeks is that it is easier to calculate as compared with changes that might end up taking place in regards to a guy's life and his ongoing income/expenses, so for simplicity in the example, we can try to average it out and then just work with a presumption of an average amount, even though we know that in reality the average is going to likely vary, even when a guy might even be ongoingly striving to maintain his average bitcoin buy amounts.

Also related to the ease of bitcoin, as compared with other investments.  There are ways that we can set up direct relationships to get the coins and then maybe every few months we transfer parts of our accumulated coins to our private wallets so that we do not end up losing our coins due to some third party risks.  As you and others reiterated, other investments might have challenges in terms of being able to accumulate enough funds to be eligible to invest and sometimes there will be needs to get special connections in order to be able to invest, yet bitcoin is available to everyone and anyone and even for relatively low amounts each time, even though we might have goals to invest higher amounts, there may be periods in which we are ONLY able to invest small amounts while we are figuring out ways to increase our income and/or decrease our expenses.

Well I think that the #50,000 example that you gave serves its purpose coz it very well gives most investors something practical to work with instead of you just leaving your explanation purely theoretical.. With a bit of research, I have observed that the reason why majority of folks delay in kickstarting their accumulation journey is coz they haven't gotten that huge or consistent income that they have always longed for.. Truth be told Bitcoin is for everyone regardless of your career, financial status, income level, Race/Nationality and whatnot... This means that I can be an average Nigerian guy who is still trying to make both ends meet, but still able to invest in bitcoin either in a consistent or inconsistent manner, depending on the availability of my Discretionary income... But then most keep missing out he point. Coz they still operate with that mindset of them comparing their financial life with Investor A and Investor B, and that comparison has been a blockage to them actually starting...
In a way your explanation has broken down the concept of Bitcoin's divisibility... And because Bitcoin is divisible(into 100 million Satoshi's), it very well means that folks can start accumulating with whatsoever amount of discretionary income that feels comfortable for them... Instead of them remaining stuck with the mindset that Bitcoin is only for the rich folks or those with a consistent income...

There are people that has not started investing in bitcoin because they feel that they need to have a huge amount of money before starting. There are also those that feels that bitcoin is rather too expensive for them to invest in it. However, the true is that no matter how small our discretionary income is , we can always start with the smaller amounts. As you have mentioned that some folks like comparing there bitcoin investment to that of others. It is wrong for an investor to be comparing there bitcoin investment with that of others investor. Because their financial situation isn't the same and such comparisons may make them to invest more than their discretionary income in bitcoin making it unhealthy for long term holding of bitcoin.

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

[Princess Leah]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

[Chilwell]

There are people that has not started investing in bitcoin because they feel that they need to have a huge amount of money before starting. There are also those that feels that bitcoin is rather too expensive for them to invest in it. However, the true is that no matter how small our discretionary income is , we can always start with the smaller amounts. As you have mentioned that some folks like comparing there bitcoin investment to that of others. It is wrong for an investor to be comparing there bitcoin investment with that of others investor. Because their financial situation isn't the same and such comparisons may make them to invest more than their discretionary income in bitcoin making it unhealthy for long term holding of bitcoin.

In journey to succeed in life one doesn't have to compare himself or herself with anyone because every body doesn't have same grace as what will work for Mr A will not work for Mr B that is how life is so comparing yourself to them will be a waste of time because those people success is not our instruction manual so everyone should do their own thing according to their capacity because if you exceed your limit you will definitely suffer the consequences of it yourself.

A lot of people are falling for this and up to this moment they continue to fall for it, comparing yourself to others is the most dangerous disease because it is always difficult to treat, my reason for saying these is because the person you are competing with will never know that you are competing with him, and anytime you succeeded reaching his level, this when you will see that he will move a step ahead of you the next day and your journey will continue. The best thing to do in this life is for us to be able to identify ourselves and when that is achieved you will find a lot of comfort in yourself. Believe in yourself and move gradually, when the time comes you will not even remember how you get to that level you wanted.

[Female King]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

Some of them knew but they have trading mindset they are actually for the price to go more low before they buy and time when there will be some slit increase in price so they can sell for just few dollar profit.

Bitcoin has been in existence for years now though some of them aren't still aware that with their little discretionary income they can get started without not going to breaking the bank first as low income earners are accumulating gradually using the dca strategy which can help them to accumulate by weeks or months depending on when this little discretionary income shows up and hold it for long period of time.

[Uhwuchukwu53]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

I will agree with your dad as per is saying of ignorance in addendum to what many today has forgotten so easily is that, journey of thousands miles must Begin with a step, and not even undermine the little and continuous drop of water as it can make mighty lake or ocean with time, the word 'fear' is a deep barrier to many human when investment is involved it takes human that sees the future to risk  as most people today are stomach infrastructure being rather than futuristic as they are always afraid of the unknown. Bitcoin investment can never be easy with people with fear it take courage to start and accumulate gradually that will even esse such investor because the impact of removing heavy financial assets will not affect the investor but with gradual measure will come up with unimaginable and reasonable outcome.

[Princess Leah]

~~

I will agree with your dadis per is saying of ignorance in addendum to what many today has forgotten so easily is that, journey of thousands miles must Begin with a step, and not even undermine the little and continuous drop of water as it can make mighty lake or ocean with time, the word 'fear' is a deep barrier to many human when investment is involved it takes human that sees the future to risk  as most people today are stomach infrastructure being rather than futuristic as they are always afraid of the unknown. Bitcoin investment can never be easy with people with fear it take courage to start and accumulate gradually that will even esse such investor because the impact of removing heavy financial assets will not affect the investor but with gradual measure will come up with unimaginable and reasonable outcome.

If you think about what he said, it's a fact. Bitcoin gave small investors opportunity through DCA but many are still skeptical because they're ignorant of the DCA. Although female king is right about her statement of "some being aware but decide to wait till the price drops further before buying" i really don't know the right word to describe such kind of people.

 They're wasting their time waiting cause volatility would disappoint them, one thing people don't understand is that they can't cut corners trying to invest in Bitcoin, it's either done the right way or they risk attracting lose cause their emotions could cause them to take profits too quickly when volatility disappoints them.

[Different patterns]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

A beginner may see bitcoin price and think they can not afford it at that moment, thinking that they have to get a large amount of money before buying it.but I just see it as lack of understanding still keeps them behind, as a newbie is not necessarily mean you most gather enough funds before buying your first bitcoin, because that process of you gathering funds, you may missed a lot of opportunities that may end up regretting. Even if the amount you have available is very small, that gives you chance to build the habit of investing, and understand your own risk. DCA even make it easier for everyone without gathering enough funds, with DCA you can gradually build bitcoin position with money you can afford to invest, instead spending years waiting until you have large amounts.

[Abbatty]

A beginner may see bitcoin price and think they can not afford it at that moment, thinking that they have to get a large amount of money before buying it.but I just see it as lack of understanding still keeps them behind, as a newbie is not necessarily mean you most gather enough funds before buying your first bitcoin, because that process of you gathering funds, you may missed a lot of opportunities that may end up regretting. Even if the amount you have available is very small, that gives you chance to build the habit of investing, and understand your own risk. DCA even make it easier for everyone without gathering enough funds, with DCA you can gradually build bitcoin position with money you can afford to invest, instead spending years waiting until you have large amounts.

Well the divisibility in bitcoin investment is what makes me put it ahead of other investments, like stocks, real estate and so many others. It give you a very easy entry points, it makes it very easy for even a common to be an investor. All you need is just a discretionary income and use the DCA strategy, with that you any one can begin their investment journey.

So when it comes to bitcoin investment, we should all know there is not better time to start investing than starting as soon as you can. Staying out and waiting for the perfect time to enter the market will only makes you miss the opportunity. So stop procrastinating to kickstart your bitcoin journey and start as soon as you can. At the end what matters is when you start.

[Jostern]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

Actually there are people who doesn’t know how to accumulate bitcoin because they have no knowledge about what it means to invest in bitcoin, there are others too who have money but they are waiting for the right time as they will say, they’re waiting for the dip, and they might not know that they’re missing out on good opportunities to accumulate bitcoin on a regular basis through the DCA.

I will not really fault them because they have chosen to accumulate bitcoin in such a way, it might probably be working for them, some people are also waiting to have a huge amount of discretionary income before they can start buying bitcoin, but they have no knowledge about using DCA to buy bitcoin little by little just buying within your means is very important.

[Creeper0]

Actually there are people who doesn’t know how to accumulate bitcoin because they have no knowledge about what it means to invest in bitcoin, there are others too who have money but they are waiting for the right time as they will say, they’re waiting for the dip, and they might not know that they’re missing out on good opportunities to accumulate bitcoin on a regular basis through the DCA.

I will not really fault them because they have chosen to accumulate bitcoin in such a way, it might probably be working for them, some people are also waiting to have a huge amount of discretionary income before they can start buying bitcoin, but they have no knowledge about using DCA to buy bitcoin little by little just buying within your means is very important.

Yes, there are many such people. Such a person may have a lack of proper knowledge. Because if they were able to gather proper knowledge about these things, then they would not have waited to start investing for a lot of discretionary income or would not have waited to gain knowledge on where to buy from.

Usually, these kinds of things are done by those who are overly aggressive, like there are some people who if they know about something or if they are willing to do something, they become aggressive or reckless to do that thing without considering anything and without knowing about the risks and without gaining any knowledge. Before going into every matter, it is necessary to have a general idea.

[JayJuanGee]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

Sometimes it can take guys a bit of time to save up even small amounts of money that they are able to invest, and depending on how they are sourcing their bitcoin, they might need to save in Naira (or dollars or other fiat) for a bit of time before they feel that they have enough saved up so that they can invest, whether that is the equivalent of $10 or some other amount that seems low, but for practicality purposes it might not make sense to buy bitcoin in lower amounts.. .and many guys talk about buying bitcoin through an exchange, and then keeping it on the exchange until it reaches several hundred dollars, and then moving the value off of the exchange.

For sure, there is value in self-custody, yet if guys are buying such low amounts, it might not make sense to be paying transaction fees to be moving coins around and even sometimes the onchain transaction fees can become high so then it might not be making sense to transact on chain with bitcoin... so people who are buying real low amounts of bitcoin might have dilemmas regarding how much bitcoin they need to buy each time and then how much to allow the bitcoin to build up in the place that they are buying it before they transfer it to a private wallet.

Another dilemma is that if a person is building up a lot of value in naira, dollars or other fiat, and the value of the fiat is declining, so how fast the fiat declines in value could also affect decisions regarding how much value to hold in one form or another. No one really likes to have their value eroded away from them, which could be risk in any way that we are holding our value, yet with bitcoin, if we are considering that we are trying to hold our value in bitcoin for 4-10 years or longer, then we may well have some confidence that the value that we are putting in bitcoin is likely to go up in value over the timeline that we are holding it in bitcoin, even though of course, at the same time, we know that the value of our bitcoin to go up is not guaranteed to go up, even though we theorize that holding 4-10 years or longer has good chances of increasing in value better than other places that we might choose to hold that value.

[Derekfunds]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

A beginner may see bitcoin price and think they can not afford it at that moment, thinking that they have to get a large amount of money before buying it.but I just see it as lack of understanding still keeps them behind, as a newbie is not necessarily mean you most gather enough funds before buying your first bitcoin, because that process of you gathering funds, you may missed a lot of opportunities that may end up regretting. Even if the amount you have available is very small, that gives you chance to build the habit of investing, and understand your own risk. DCA even make it easier for everyone without gathering enough funds, with DCA you can gradually build bitcoin position with money you can afford to invest, instead spending years waiting until you have large amounts.

That is why Information is very powerful and important, when I don't know anything about Bitcoin I was thinking the same way as a matter of fact I don't know what is DCA methof but later I found out that I don't really need a very big amount of money before I can start investing in Bitcoin but rather I can actually use any amount that will be convenient and I won't need to use for some period of time. Lack of information can make someone be at the back and also miss out opportunities.

[Nwaswago]

With the dca strategy bitcoin investment can be carried on gradually with as low as $10 as your discretionary income, though any one who is not aware will also believe that investing in bitcoin will require having enough money as i have once think like that when i wasn't informed so at time i don't blame them as what ever you don't know is bigger than you. People some time start from small and grow bigger with time. What really matter most is how consistent you have been accumulating bitcoin and now long you were also able to hodl on your bitcoin investment.

My dad use to tell me that ignorance causes setback, i completely believed when i ralised that one can invest gradually in Bitcoin and still reach their target with consistency using the DCA method. Many people are still holding back despite having discretionary funds cause they feel it's not enougb and Bitcoin is too costly, you won't blame them cause if they know they won't hesitate to buy.

 Information is very important, it separates the wise from the ignorant, not just any information but good information because someone with a wrong information is still ignorant, if I didn't figure out years ago that one can invest gradually if they don't have enough to buy up to a BTC maybe I would've still been among those gathering money to buy bulk instead of investing gradually.

Sometimes it can take guys a bit of time to save up even small amounts of money that they are able to invest, and depending on how they are sourcing their bitcoin, they might need to save in Naira (or dollars or other fiat) for a bit of time before they feel that they have enough saved up so that they can invest, whether that is the equivalent of $10 or some other amount that seems low, but for practicality purposes it might not make sense to buy bitcoin in lower amounts.. .and many guys talk about buying bitcoin through an exchange, and then keeping it on the exchange until it reaches several hundred dollars, and then moving the value off of the exchange.

For sure, there is value in self-custody, yet if guys are buying such low amounts, it might not make sense to be paying transaction fees to be moving coins around and even sometimes the onchain transaction fees can become high so then it might not be making sense to transact on chain with bitcoin... so people who are buying real low amounts of bitcoin might have dilemmas regarding how much bitcoin they need to buy each time and then how much to allow the bitcoin to build up in the place that they are buying it before they transfer it to a private wallet.

Another dilemma is that if a person is building up a lot of value in naira, dollars or other fiat, and the value of the fiat is declining, so how fast the fiat declines in value could also affect decisions regarding how much value to hold in one form or another. No one really likes to have their value eroded away from them, which could be risk in any way that we are holding our value, yet with bitcoin, if we are considering that we are trying to hold our value in bitcoin for 4-10 years or longer, then we may well have some confidence that the value that we are putting in bitcoin is likely to go up in value over the timeline that we are holding it in bitcoin, even though of course, at the same time, we know that the value of our bitcoin to go up is not guaranteed to go up, even though we theorize that holding 4-10 years or longer has good chances of increasing in value better than other places that we might choose to hold that value.

The key point here is that consistency matters, but so does efficiency and risk management. DCA removes the pressure of trying to find the “perfect” entry, but buying tiny amounts blindly isn't automatically better if fees become a significant part of each purchase.The same applies to self-custody: owning your keys is valuable, but the timing and cost of moving funds should be considered. And while fiat inflation is a legitimate concern, Bitcoin's long-term appreciation is still an expectation, not a guarantee.
I think, the strongest strategy isn't simply buy more,it's understanding the trade-offs between DCA, fees, custody, liquidity and risk, then staying consistent with money you can genuinely afford to leave invested.

[Sally9256]

That is why Information is very powerful and important, when I don't know anything about Bitcoin I was thinking the same way as a matter of fact I don't know what is DCA methof but later I found out that I don't really need a very big amount of money before I can start investing in Bitcoin but rather I can actually use any amount that will be convenient and I won't need to use for some period of time. Lack of information can make someone be at the back and also miss out opportunities.

Yea, but make it not just any amount that is convenient but it should be part of your discretionary income, because sometimes the money you might be convenient to invest, might not be the same with the money you can actually afford to lose. So let make sure no matter the strategy we are using, we should use part of our discretionary income to invest.

A lot of people feels the same too, they feel they will need so much to start their bitcoin journey but then you can start with a low as $10. This is one of the biggest advantage bitcoin has over other investment.

[The Founding Titan]

That is why Information is very powerful and important, when I don't know anything about Bitcoin I was thinking the same way as a matter of fact I don't know what is DCA methof but later I found out that I don't really need a very big amount of money before I can start investing in Bitcoin but rather I can actually use any amount that will be convenient and I won't need to use for some period of time. Lack of information can make someone be at the back and also miss out opportunities.

Yea, but make it not just any amount that is convenient but it should be part of your discretionary income, because sometimes the money you might be convenient to invest, might not be the same with the money you can actually afford to lose. So let make sure no matter the strategy we are using, we should use part of our discretionary income to invest.

A lot of people feels the same too, they feel they will need so much to start their bitcoin journey but then you can start with a low as $10. This is one of the biggest advantage bitcoin has over other investment.

You should invest with what you are convenient with using your discretionary income, don't make the mistake of thinking that because you invest with you discretionary income you have to invest with all of it, aside from your investment you should know that your emergency fund and the rest of your backup funds also comes from your discretionary income as well as your discretionary consumptions so when you invest with your discretionary income you should know that we also have others things to do with it.

[Princess Leah]

You should invest with what you are convenient with using your discretionary income, don't make the mistake of thinking that because you invest with you discretionary income you have to invest with all of it, aside from your investment you should know that your emergency fund and the rest of your backup funds also comes from your discretionary income as well as your discretionary consumptions so when you invest with your discretionary income you should know that we also have others things to do with it.

Very true, the discretionary funds is not only for Bitcoin investment, other needs are still generated from it too that cash flow management for the discretionary income is also important cause it would help the investor know the right amount that could be channeled into investments, emergency, backup funds and maybe a particular lifestyle that consumes funds

 On a second thought, investors would have to let go of money consuming lifestyle to generate more for investment for instance smoking drinking and clubbing are lifestyles that's money consuming and since they're not necessarily important they could be sacrificed for more discretionary income to be channeled for investment.

[Primark]

Actually there are people who doesn’t know how to accumulate bitcoin because they have no knowledge about what it means to invest in bitcoin, there are others too who have money but they are waiting for the right time as they will say, they’re waiting for the dip, and they might not know that they’re missing out on good opportunities to accumulate bitcoin on a regular basis through the DCA.

I will not really fault them because they have chosen to accumulate bitcoin in such a way, it might probably be working for them, some people are also waiting to have a huge amount of discretionary income before they can start buying bitcoin, but they have no knowledge about using DCA to buy bitcoin little by little just buying within your means is very important.

Yes, there are many such people. Such a person may have a lack of proper knowledge. Because if they were able to gather proper knowledge about these things, then they would not have waited to start investing for a lot of discretionary income or would not have waited to gain knowledge on where to buy from.

You are right, waiting for a new investor to know everything may not be a good decision. What a new investor needs to understand at the beginning is whether he has discretionary income to invest after meeting all his necessary expenses and how much of that discretionary income he will be comfortable with starting with. If someone has discretionary income, then waiting to learn can be an excuse.

But Creeper0 you are wrong in one place, it is not wrong to sit around because of not having discretionary income but it can be wrong to put in the necessary money emotionally. If someone does not have discretionary income, he can consider how to set aside discretionary income. But it may not be wrong to not start investing because of not having discretionary income.

[oll]

Imo, even with small discretionary income, person can still invest ongoingly by starting from somewhere and along the way they can figure out way to increase their discretionary income so they can increase their investments money. Even if a time comes when person don't have discretionary income, then the person can still  invest whenever they have discretionary income, that is how flexible investment works.

I think it is absolutely reasonable to invest even $5 in a couple of weeks, because this will develop a habit in the investor. The main thing is that he understands exactly why he is doing this and sees prospects in the future for his remote income to increase, and then such a positive faith will not let him give up. And time passes much faster than we think, and even if this investor puts aside such amounts, he will see the results, and a commitment to investing in DCA will be developed within him. I am absolutely sure that every such person will have a lot of money in their future life that can help them increase their investments. Until then, he just needs to prepare himself and his habits and understanding of smart investing.

[liasbaa]

That is why Information is very powerful and important, when I don't know anything about Bitcoin I was thinking the same way as a matter of fact I don't know what is DCA methof but later I found out that I don't really need a very big amount of money before I can start investing in Bitcoin but rather I can actually use any amount that will be convenient and I won't need to use for some period of time. Lack of information can make someone be at the back and also miss out opportunities.

Yea, but make it not just any amount that is convenient but it should be part of your discretionary income, because sometimes the money you might be convenient to invest, might not be the same with the money you can actually afford to lose. So let make sure no matter the strategy we are using, we should use part of our discretionary income to invest.

A lot of people feels the same too, they feel they will need so much to start their bitcoin journey but then you can start with a low as $10. This is one of the biggest advantage bitcoin has over other investment.

Compared to any other investment, Bitcoin investment can be started with a relatively small amount of funds. Such a convenient and promising investment vehicle like Bitcoin is very rare in the world. This is exactly why Bitcoin investment is the best and has made it easy for investors of any income. We need to ensure that we achieve the benefits of implementing our decisions in a long term plan as you mentioned by accumulation Bitcoin regularly through discretionary income.

Starting Bitcoin may be easy for some because you can start with just $10 but the long term journey may not be easy for some. To make this journey easier, accumulate Bitcoin regularly through discretionary income. Create an emergency fund because this fund is needed to keep Bitcoin holdings/accumulation stable in times of emergency.

[Cyber_warrior]

I think it is absolutely reasonable to invest even $5 in a couple of weeks, because this will develop a habit in the investor. The main thing is that he understands exactly why he is doing this and sees prospects in the future for his remote income to increase, and then such a positive faith will not let him give up.

It doesn't matter how much you start investing with, in fact investing is gradually building wealth patiently and doesn't matter how much you start with or put into it. We all have different incomes, expenses and investment capabilities so which ever amount is comfortable is what you should invest. Going out of your comfort zone when investing is not advisable because it can easily result to financial stress and and cause investments to die prematurely. Consistency is what matters in all

Starting Bitcoin may be easy for some because you can start with just $10 but the long term journey may not be easy for some. To make this journey easier, accumulate Bitcoin regularly through discretionary income. Create an emergency fund because this fund is needed to keep Bitcoin holdings/accumulation stable in times of emergency.

Investing doesn't really demand more than this, just invest what you can afford to invest making sure it's an amount within your discretionary income and also setting aside back up funds for emergency. Having everything in place ensures a long and sustainable investment habit.