Beyond Invest there is more to talk about!!

[GiftedMAN]

This why it is often advice to buy Bitcoin with discretionary income. But the problem here is "what define individual discretionary income"? How do you get a discretionary income when you don't have a budget for your income. Most people just talk about discretionary income here but hardly follow it as they never work on get it.

Anyone buying Bitcoin outside their discretionary income is gambling Bitcoin and it is very risk and at same time it is not advisable to do that because you will definitely panic or even sell at loss. Anyone who doesn't have budget should not be talking about Bitcoin investment because they need to work on themselves. If anyone is talking about discretionary income here and not doing..., that should not be your problem instead you should focus on yourself and how to figure out your own  to accumulate.

This is what some investors do not understand because they are blinded by the profit they want to make. Bitcoin investment is not something you start today and expect everything to be going smoothly when you don't have a backup plan that is why it is always advised for investors to have backup plans while they invest within their budget. The punishment for investors who go against this simple rules is fear, panic and selling their Bitcoin at loss, in order to avoid losing it's better to invest in the right way.

[Silikiem]

While most or higher percentage of people in the local board will talk about investing in bitcoin, there is always more to the small knowledge they offer you.

In my experience DCA, Lump sum, and buying the dip is just what knowledge that is public or generally share but we have a lot more knowledge to investment than just accumulation, for you to succeed in the invest that people preach or you read in the forum you need to understand that people have personal finance situation, you can not use the level of another man to class your own level.

Hence I suggest you study investment generally than just listen and practice what you see in the forum. Know that people have personal finance situation and some investment is what they just need some of use need knowledge than the investment if not you can have all the bitcoin and till be the same or end up being where you are in financial class.

Most experienced investors will let you know there is more to learn and most of it is what you learn yourself, what you experience after getting started and they are mostly different for everyone due to differences in finances, expenses and income. When you get started is when you will be exposed to those kind of knowledge but that doesn't render what is being taught in the forum useless.

When you participate in the discussions of these investment threads rather than just read it will expose you to more knowledge and how to react in different situations. Of course not all is being taught but a lot is being taught to get you started and give you even more than the basics you need. They teach that you need to invest based on your personal financial capability.

The best bitcoin knowledge comes from investing in bitcoin, and the more an investor keeps going in the game the more his experience and expertise will increase. No wonder they said the best teacher is mostly said to be experience, I mean practical experience gained while buying bitcoin and hold is more than just the human Educators of bitcoin knowledge. Most of this experienced investors wouldn’t know most of the ideas they are using now to implement and improve their bitcoin investment if they hadn’t get started already in bitcoin investment. Bitcoin knowledge is never ending so it’s better to get started with bitcoin investment and learn alongside from the experience encountered in the process.

[Agbam]

This why it is often advice to buy Bitcoin with discretionary income. But the problem here is "what define individual discretionary income"? How do you get a discretionary income when you don't have a budget for your income. Most people just talk about discretionary income here but hardly follow it as they never work on get it.

Anyone buying Bitcoin outside their discretionary income is gambling Bitcoin and it is very risk and at same time it is not advisable to do that because you will definitely panic or even sell at loss. Anyone who doesn't have budget should not be talking about Bitcoin investment because they need to work on themselves. If anyone is talking about discretionary income here and not doing..., that should not be your problem instead you should focus on yourself and how to figure out your own  to accumulate.

This is what some investors do not understand because they are blinded by the profit they want to make. Bitcoin investment is not something you start today and expect everything to be going smoothly when you don't have a backup plan that is why it is always advised for investors to have backup plans while they invest within their budget. The punishment for investors who go against this simple rules is fear, panic and selling their Bitcoin at loss, in order to avoid losing it's better to invest in the right way.

Any investor wey no be new person to bitcoin wey still dey panic sell, no sabi wetin him dey do at all. Cos I no expect say investors wey don tey for the business go dey overplay their hands by putting more than their discretionary money into bitcoin.

Newbies fit looseguard cos na their learning phase and sometimes based on how them carry enter or who show them way cos na wetin ur oga dey do u sef go do.
Make greed alone no be the reason why person go wan invest in bitcoin.

[Female King]

First you don't need to study everything about investment in general before you can start buying or accumulating bitcoin. The most important thing before starting bitcoin investment is to figure out if you have discretionionary income and you can be learning everything you think you need to know as you go on with your bitcoin accumulation.
This your point of studying investment generally instead of what people learnt in the forum sounds like you don't appreciate the wealth of knowledge that is in the forum. As long as bitcoin investment is concerned you don't need general knowledge about investment and the best place you can acquire or learn about bitcoin investment is in the forum.

People with no knowledge about bitcoin investment need to ask some certain questions and understand few things about bitcoin investment before they can get started, and you need to have to start accumulating bitcoin is your discretionary income if you don't know this you might use all your available funds to invest in bitcoin not knowing you need settle first what you know you needed then the left over is you can use to start up investing in bitcoin, then as long as you are in the market accumulating bitcoin you will gradually be getting more experience about bitcoin investment.

[Son Of Blockchain (SOB)]

Any investor wey no be new person to bitcoin wey still dey panic sell, no sabi wetin him dey do at all. Cos I no expect say investors wey don tey for the business go dey overplay their hands by putting more than their discretionary money into bitcoin.

Newbies fit looseguard cos na their learning phase and sometimes based on how them carry enter or who show them way cos na wetin ur oga dey do u sef go do.
Make greed alone no be the reason why person go wan invest in bitcoin.

That kind person na trader now, cause na only dem sabi panic when market fall and dem no apply stop loss, investor wey don tey inside investment business no even suppose dey panic, even some traders wey done understand the market no dey panic again cause dem know the risk involved and dem dey use money wey no too dey important risk am.
 Somebody wey done tey for the Bitcoin holding no get reason to worry about dip but instead focus on how to maintain the security of the investment den accumulate more or even look for more source of income to increase the discreationary fund so that eh fit buy more, no be dip suppose worry am.

[Jubilee58]

Hence I suggest you study investment generally than just listen and practice what you see in the forum. Know that people have personal finance situation and some investment is what they just need some of use need knowledge than the investment if not you can have all the bitcoin and till be the same or end up being where you are in financial class.

There is nothing wrong with studying about investment, and sometimes while studying investment, you might not need to study investment generally but you can focus on your area of interest.
However, as we discuss about Bitcoin investment, I don't think there is a better place to study Bitcoin investment that is better than this very forum. There are actually other places you can learn about Bitcoin, and other investment, but honestly the knowledge we gain here is a top notch because it is a forum specifically designed to study, and discuss about Bitcoin.
In this very forum, there are people, and investors who have great knowledge about Bitcoin investing, and they don't keep it to themselves, Rather they share their knowledge here for every forum member to benefit from, so therefore I insist that this very forum is good enough to learn about Bitcoin investing.

[Churchillvv]

Hence I suggest you study investment generally than just listen and practice what you see in the forum. Know that people have personal finance situation and some investment is what they just need some of use need knowledge than the investment if not you can have all the bitcoin and till be the same or end up being where you are in financial class.

There is nothing wrong with studying about investment, and sometimes while studying investment, you might not need to study investment generally but you can focus on your area of interest.
However, as we discuss about Bitcoin investment, I don't think there is a better place to study Bitcoin investment that is better than this very forum. There are actually other places you can learn about Bitcoin, and other investment, but honestly the knowledge we gain here is a top notch because it is a forum specifically designed to study, and discuss about Bitcoin.
In this very forum, there are people, and investors who have great knowledge about Bitcoin investing, and they don't keep it to themselves, Rather they share their knowledge here for every forum member to benefit from, so therefore I insist that this very forum is good enough to learn about Bitcoin investing.

The forum appraisal should be kept for a newbie or someone you can patronize with those words but for someone who is practicing the bitcoin investment, I would like to stand on my ground that you should seek expertise help on investment and not just the bitcoin knowledge you get here, there are some extra financial knowledge that you may not and definitely will not get here not because they don’t want to share but it only happens in a process of investment which is guarded by an expert but you can also learn it yourself by or practicing a lot but it’s going to take you more time than someone who asked for help. So brother bitcoin knowledge is just a mini branch of wealth creation there is more to that which is why I said we have various financial situations individually but share general knowledge and principles here so I suggest you do some self assessment and either research or seek financial experts literacy.

[letteredhub]

Anyone buying Bitcoin outside their discretionary income is gambling Bitcoin and it is very risk and at same time it is not advisable to do that because you will definitely panic or even sell at loss. Anyone who doesn't have budget should not be talking about Bitcoin investment because they need to work on themselves. If anyone is talking about discretionary income here and not doing..., that should not be your problem instead you should focus on yourself and how to figure out your own  to accumulate.

I don't agree that it's only discretionary income that can be used in buying bitcoin that's when it becomes safe, there are other funds that can be delved into investment that it would seem safe for the investor as well, what's important is that let what you're using be what you can afford to lose. It's like what the OP emphasized on that everyone's income flow is unequal and people should invest with what they can and when they can and not just by virtue of being consistent places pressure on ones budget.

[Female King]

Anyone buying Bitcoin outside their discretionary income is gambling Bitcoin and it is very risk and at same time it is not advisable to do that because you will definitely panic or even sell at loss. Anyone who doesn't have budget should not be talking about Bitcoin investment because they need to work on themselves. If anyone is talking about discretionary income here and not doing..., that should not be your problem instead you should focus on yourself and how to figure out your own  to accumulate.

I don't agree that it's only discretionary income that can be used in buying bitcoin that's when it becomes safe, there are other funds that can be delved into investment that it would seem safe for the investor as well, what's important is that let what you're using be what you can afford to lose. It's like what the OP emphasized on that everyone's income flow is unequal and people should invest with what they can and when they can and not just by virtue of being consistent places pressure on ones budget.

I see say this two word na e dey confuse you, discretionary income and money you can afford to loss, well if you no know before know now say discretionary income and money you can afford to loss are just the same but different spelling and pronunciation, any money you can afford to loss na your discretionary income and na watin you fit only use to buy and accumulate bitcoin.

If you be married man with children and you haven't paid your children school fees and now go and buy bitcoin you are just gambling with the investment because there other things way you need take care of first those things way you know say if you no do am and you use the the money go do another thing say the thing go affect you.

[Pi-network314159]

Well in summary of this whole explanation, I believe knowledge that people need is financial knowledge and discipline. First your investment should be base on your level of income generation and should not be measured by another man's investment. But I think this aspect has been cleared, that's why investment approach has 3 different categories which are lump sum, buy the dip and DCA. In this 3 your financial level must fit in to one according to your financial strength. Which implies that if you see money once in a month or twice, you may adopt the lump sum. Or buy the dip when the money is available to buy. While the DCA may be present for those that receive fund on daily basis. So each person should invest according to their capacity, but the overall is financial discipline during withdrawal, because if care is mot taken, after the whole preaching at last the investment may not be used properly due to mismanagement of fund. and a slight mistake Will render the long awaited investment useless.

[JoyceBTC]

Anyone buying Bitcoin outside their discretionary income is gambling Bitcoin and it is very risk and at same time it is not advisable to do that because you will definitely panic or even sell at loss. Anyone who doesn't have budget should not be talking about Bitcoin investment because they need to work on themselves. If anyone is talking about discretionary income here and not doing..., that should not be your problem instead you should focus on yourself and how to figure out your own  to accumulate.

I don't agree that it's only discretionary income that can be used in buying bitcoin that's when it becomes safe, there are other funds that can be delved into investment that it would seem safe for the investor as well, what's important is that let what you're using be what you can afford to lose. It's like what the OP emphasized on that everyone's income flow is unequal and people should invest with what they can and when they can and not just by virtue of being consistent places pressure on ones budget.

I still agree to the fact that using discretionary funds for investment is safer and I don’t know why you said using other funds are safer too.
It’s just like using funds you kept for emergency to invest in bitcoin and after investing with the money, later on emergency occurs, what will you do at that point when the money you were meant to use, has been used to invest in bitcoin? Definitely, you might be left with no option than to pull your funds out from your investment and attend to the situation at hand.
Moreover, we all know discretionary funds is money set aside from our income after settling basic needs, which we can decide to use for any other thing, that’s why it’s safer to invest with it.

[Onyeeze]

Well in summary of this whole explanation, I believe knowledge that people need is financial knowledge and discipline. First your investment should be base on your level of income generation and should not be measured by another man's investment. But I think this aspect has been cleared, that's why investment approach has 3 different categories which are lump sum, buy the dip and DCA. In this 3 your financial level must fit in to one according to your financial strength. Which implies that if you see money once in a month or twice, you may adopt the lump sum. Or buy the dip when the money is available to buy. While the DCA may be present for those that receive fund on daily basis. So each person should invest according to their capacity, but the overall is financial discipline during withdrawal, because if care is mot taken, after the whole preaching at last the investment may not be used properly due to mismanagement of fund. and a slight mistake Will render the long awaited investment useless.

most important thing that human being need is Knowledge to understand what is doing and what is going to benefit him in future, I know that investment is important and any other financial knowledge is also important but the thing that is most important is how you are going to start, if you have knowledge you can make money through your craft way, because most times what gives money is the risk that you take not actually because of what you learnt, investment is good but we have to understand the kind of investment you want to invest like all of us who is in this platform we only understand one kind of investment being cryptocurrency investment, which without cryptocurrency investment most of us will not be happy, so only thing that I will advise anybody is to make findings in anything that you want to do before it invest

[letteredhub]

snip

I see say this two word na e dey confuse you, discretionary income and money you can afford to loss, well if you no know before know now say discretionary income and money you can afford to loss are just the same but different spelling and pronunciation, any money you can afford to loss na your discretionary income and na watin you fit only use to buy and accumulate bitcoin.

Nothing way dey confusing to me there except say nah you dey confused instead with the two differences. If you say discretionary income na same thing with money way person fit afford to lose, does it mean say na discretionary income na gamblers dey use gambling? Because all things considered, we still get investors in bitcoin way the also into gambling. So na which money way them dey use gamble, and na which one them dey use for investment if discretionary income na same thing with money you can afford to lose?

[Crypto_Timothy]

While most or higher percentage of people in the local board will talk about investing in bitcoin, there is always more to the small knowledge they offer you.

Beyond Bitcoin, I have come to understand more about investing in businesses and personally when i want to carry out an investment, i know how much research i do, i ask several questions to both AI and of course anyone i know who has experience or currently in that business, now of course whatever they tell me is valuable but to me that is just one piece of information. I then take all these pieces of information, i take them and then based on whatever selfish reason i have for entering that business, i crosscheck that reason with the information i have received. If things are aligned after crosschecking, i would then invest in the business, now this is just me and im certain other people have ways they go about their own investment but yea at the end of the day, it depends on the individual.