If you want to invest in Bitcoin, you need to understand your cash flow first, n

[Bryan jessy]

Being concerned about the state of Bitcoin price to know its high or low is very important as for someone who is new in Bitcoin investment the best time to start with is when the price is low, this will be a perfect time for beginners to buy within their budget, unlike a person who has already been investing on Bitcoin that can buy anytime because they can afford it but beginners can not do so, that is the why they worry about the price knowing the nature of Bitcoin to avoid making mistakes, all these enquires are valid because you need to know something very well before you start utilizing it.

[henmark]

Investors needs preparing money to accumulate Bitcoin and determine how long they will do that. Investors must have plans to starts and running Bitcoin investment so the investment will not disrupt if they have an urgent situation. They know urgent situation can comes anytime but if they prepare it well, they will not face a problem and their Bitcoin investment will still running and solve the urgent situation. Most new investors don't think seriously about this and just buy at dip but they don't prepare other money to allocating in all their needs.

If they are not serious, they should not be in here and besides, buying at the dip is the best time for investing. That should increase their chance of still being in profit even by the time they sell unexpectedly because they will be needing a money. What is the 'real wrong' is if some invest blindly on those new and highly risky tokens. Investing is known as a long-term game and then here in crypto, Bitcoin is known as a retirement plan for the BTC/crypto people. So having a timeline is not that necessary.

In fact, it can also stress us or we can feel pressure if we plan or make things more serious. It is only okay to make a mistake as a human. What important is we already have an experience, so it is only easy for to start and try again.

[Felicity_Tide]

Then the problem is not with Bitcoin, but with the investor’s plan.

Bitcoin investment was never meant to be a rocket science, and of course, it's still not, but humans on the other hand are fond of complicating certain things for themselves. Volatility has always been part of the market, is that a problem?, No it's not, because a regular retail investor don't have a say in it. For an investor that truly has the intention to invest, it's important that he/she asks themselves what and what not to do in order not to be caught in-between volatility drama. And like you said, long term plan is often suggested and best, because it helps to keep Investors on a safer side with profits in a long run.

[Just Say]

Yes, it is important to understand cash flow for Bitcoin investment because those who have a well-organized financial plan do not want to risk their Bitcoin investment, i.e. they do not sell their investments at a loss when an emergency arises because they have an emergency fund. However, it is true that there are many investors who have faith in Bitcoin and invest most of their income in it, but they should invest through discretionary income and divide their financial resources into several parts. It seems that Bitcoin investment is already for everyone, regardless of ability, so it is worth choosing a simple method and taking care not to risk Bitcoin investment to meet immediate needs of funds, which may make it easier to invest in Bitcoin in a disciplined manner in the long run.

[Qastessa]

Being concerned about the state of Bitcoin price to know its high or low is very important as for someone who is new in Bitcoin investment the best time to start with is when the price is low, this will be a perfect time for beginners to buy within their budget, unlike a person who has already been investing on Bitcoin that can buy anytime because they can afford it but beginners can not do so, that is the why they worry about the price knowing the nature of Bitcoin to avoid making mistakes, all these enquires are valid because you need to know something very well before you start utilizing it.

This is true, for a newbie this is the best time to start, but most newbies start when the price is high. The main reason for that is the fact that we see most people end up with not having great results for the long term, and for the time being we are going to see them not be that great.

Newbies who start when it's high, heard about it due to hype, when it reaches 120k, there is hype and it's trending on every social media, so they decide to check and enter very late. They should enter right now instead.