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.

[Zy_sat]

Everyone in this thread has landed on basically the same answer, separate the money, DCA with what's actually spare, keep an emergency fund untouched. That advice is correct. But here's what I actually saw play out for years on a brokerage desk: most of the people who ended up selling at the worst possible moment never had an emergency fund in the first place, they bought with money that was already spoken for and called it "long term" because that's what they wanted to believe. Some did have the fund and still had to sell anyway, because life doesn't check your portfolio before it throws something at you, and that's not a planning failure, that's just life. DCA is still the right call either way. It's the only strategy that doesn't require you to guess right about timing, and it's the only one that survives contact with real emergencies, planned or not. The cash flow discipline everyone's talking about here is the whole game. Most people nod along with it and never actually build it, because building it is boring and buying the dip isn't.

I do agree with this.

Thank you for sharing this for brokerage POV. With some reasons, many people just following the trends to having a BTC without deeply understanding the risk and benefit on it. Maybe for them who just being FOMO, just decide to buy the BTC with uncalculated amount that become their own risk. Then who know DCA method from beginning if the investors didn’t learn about this cryptocurrency?

I do agree DCA is a good method for now to being consistently buying a BTC in any price with calculated percentage decide from beginning. In the end, you still having a BTC and that is  a good move, also by implementing DCA you also won’t blame the fluctuation of the price as you are being consistent and will not harm you. You will know when to sell it and get a good profit as you expected on this.

[Agbamoni]

How much money can I actually spend to accumulate Bitcoin for a long time, so that I don’t have to sell it halfway through?

For newbies, try not to skip this part. Fr, this should be part of what we are thinking about when planning for our investment goal. Investing with the right amount that the finances can support without being forced to sell later makes it easier for an investor to stay consistent and committed to the investment till the date of maturity. Going into an investment without checking the current financial situation and the goal in mind is the wrong approach, which can lead to possible failure of the investment along the line.

[Hardyrobust]

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.

when you feel that the best time to buy bitcoin is during the dip, it will only make you to be waiting for the price of bitcoin to dip before you can start buying bitcoin. This will eventually makes an investor to miss out in market opportunities while waiting for the price of bitcoin to dip. Thinking of buying the dip with the mindset of being in profit is very risky because it is not that easy to outsmart the market.
 

[EarnOnVictor]

When discussing Bitcoin, we often focus on the price. Is the price low or high now, is there a dip coming, is it better to buy now or should we wait? These are natural questions. But I think a more important question for an ordinary investor is: How much money can I actually spend to accumulate Bitcoin for a long time, so that I don’t have to sell it halfway through?

As reasonable as this question/plan is, many had followed it and are regretting it today. If everyone were looking for "that" perfect financial ease/state to invest in Bitcoin, very few people would be able to achieve that. Investing doesn't always mean it has to be easy or comfortable for you; you have to inconvenience yourself for something and risk your way to success.

At worst, treat Bitcoin as your savings wallet. This is a practice of many that they could be painstakingly saving their excess money somewhere so that it grows over time. One could treat Bitcoin that way as well, and I tell you, you would not regret it, especially if the goal is long-term.

[CryptoBuds]

At worst, treat Bitcoin as your savings wallet. This is a practice of many that they could be painstakingly saving their excess money somewhere so that it grows over time. One could treat Bitcoin that way as well, and I tell you, you would not regret it, especially if the goal is long-term.

I think we should separate investment from saving.

Although people may have long term savings goals, they may still need to use that money at any time, especially in emergencies. Meanwhile, Bitcoin is volatile and unpredictable. Therefore, using Bitcoin as a saving plan can sometimes put us in a difficult situation if its price drop sharply at the time we need to use that money.

In my opinion, Bitcoin is more suited as a longterm investment than as a savings fund that we might need to access at any time.

[Rockstarguy]

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 not correct. If you say the best time for beginners to buy bitcoin is when the price of Bitcoin is low, just imagine if a beginner buys low and the price of Bitcoin falls further? What do you think would be the reaction of the beginners? Someone who thinks the best time to buy bitcoin is when the price is low may expect to see the bitcoin price rise, and if it does not, it can discourage one from investing in bitcoin because of the wrong mindset.

A beginner is expected to buy bitcoin according to the amount one can afford, and it doesn't matter if the price of Bitcoin is low or high because the essence of buying is to Hodl, and if one still has the opportunity to buy bitcoin when the price is low, it is also an advantage. It is wrong to think there is a best time to buy bitcoin because if you are only interested in buying low, you will end up expecting too much from the market, and Bitcoin is unpredictable.

[Juicyhome]

I think we should separate investment from saving.

Although people may have long term savings goals, they may still need to use that money at any time, especially in emergencies. Meanwhile, Bitcoin is volatile and unpredictable. Therefore, using Bitcoin as a saving plan can sometimes put us in a difficult situation if its price drop sharply at the time we need to use that money.

In my opinion, Bitcoin is more suited as a longterm investment than as a savings fund that we might need to access at any time.

Bitcoin should not be a savings plan but an investment plan, saving in Bitcoin is not use not a wise decision because of the volatility of the bitcion market,  bitcion investment should be a long term plan, no matter the market price it won't disturb you because it's a long time goal. I agree with you on this.

To invest in Bitcoin you must have sources of income, then use one of the source to buy Bitcoin while the rest can be use for your emergency and bills,  this will make you to be successful in bitcion investment,  if you don't have any source of income and you use your last cash to but Bitcoin,  it will definitely collapse,  when you have emergency. It's good to understand your income capacity before investing in bitcion,  if you don't have the capacity then avoid it.

[I_Anime]

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.

Always Checking the market prices is not encouraging for a newbie , it will definitely affect them making them to feel too emotional towards their holdings . Not all newbies can bare seeing their holding price depreciate due to price volatility or price dropping .

So avoiding checking the market always will help them to focus more on their accumulation, and there’s no best time to start accumulating you can Start anytime even now is the best time to start , when the price dip is like a bonus to buy cheaper.

[Stable090]

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,

So if a newbie wants to invest in bitcoin, you mean they have to wait till bitcoin price drops? How are they going to know that bitcoin price has dropped so low, and it’s not going to drop further? If you are planning to invest in bitcoin, just make use of DCA strategy and you don’t have to be waiting for bitcoin price to drop lower. If you are waiting for bitcoin price to drop before you buy, you might be missing out that’s why it’s advisable to make use of DCA Strategy, and whenever their is dip in the market, and you having some money with you, then you can just pump the money into bitcoin during that period because you will be getting it at discount price.

[retreat]

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

The problem was never with Bitcoin. The problem was with investors. If they understood how to invest in Bitcoin and didn't just buy it because of hype or FOMO, they would avoid losses. The problem is that most people who lose money invest in Bitcoin because they don't have a good understanding of Bitcoin – they don't have a solid plan and think they'll get rich overnight. As a result, they panic when the market corrects and then sell their Bitcoin. If they understood, they would be more patient and have a solid plan for their investment strategy. They wouldn't just invest all their money knowing they'll need it soon.

[M47AK16]

Bitcoin should not be a savings plan but an investment plan, saving in Bitcoin is not use not a wise decision because of the volatility of the bitcion market,  bitcion investment should be a long term plan, no matter the market price it won't disturb you because it's a long time goal. I agree with you on this.

To invest in Bitcoin you must have sources of income, then use one of the source to buy Bitcoin while the rest can be use for your emergency and bills,  this will make you to be successful in bitcion investment,  if you don't have any source of income and you use your last cash to but Bitcoin,  it will definitely collapse,  when you have emergency. It's good to understand your income capacity before investing in bitcion,  if you don't have the capacity then avoid it.

Well that is basically the same thing? If you are hodling your savings long time, then it is the same thing. Nobody invests just for a month, they do not save just for a month neither, they do it long term. Bitcoin should be something you keep putting more aside every time you get paid, so that you could make it work long term.

I remember, long ago, I had a business, online something, a website to be fair but more like an app, and whenever I made something, 10% would go to bitcoin, it was a crypto business, I would takeout 90% to keep the business going, and keep the 10%, that was the biggest amount of money I made when I sold that at 19k, which was all time high at the time.

[yixichloro2xx]

The kind of or amount of money we invest into Bitcoin should be chosen carefully because that's what determined how long someone can stay invested during tough periods. Alot of guys do beyond their capabilities especially people who have small cash flow in which they use in investing, some of them don't even try to sort their important bills first before they invest.  That's why they end up selling at the wrong time when they have some sort of financial problems or during market volatility. Bitcoin is risky, which is why it has always been advised for people to always invest with the amount of they can afford to lose, budget and track their expenses. moreover there's also a need for investors to have back up savings which keep them protected from touching their Bitcoin. After all these, everything comes down to investors mindset, some people will have the best plans yet they still end up selling.  investors must learn how to work on their emotions, patience, learn more about Bitcoin and discipline. Combining good financial planning and mindset is what truly makes investors stay focused on  their long term goals.

[GeorgeJohn]

When discussing Bitcoin, we often focus on the price. Is the price low or high now, is there a dip coming, is it better to buy now or should we wait?

In bitcoin investment you have to know that before you invest, you need to make a research to know the current market conditions, because if you don't make a research before investing, you might be the victim of the investment...because sometimes people whose investment plans is for short-term investment, have to know if the price is conducive to them before investing...because their's every possibility that after investing and the price might fall...

These are natural questions. But I think a more important question for an ordinary investor is: How much money can I actually spend to accumulate Bitcoin for a long time,

it's based on your budget, secondly, if accumulating bitcoin you need to use a discretionary income to invest so that you will not be panic to retrieve or withdraw your investment...To accumulate bitcoin doesn't need a specific amount of funds but it's need to be done with a discretionary income....

so that I don’t have to sell it halfway through? Because Bitcoin can be a strong asset in the long run, but its price is very volatile in the short run.

If you have patient in your bitcoin investment you will profit from it if you really hold your bitcoin investment for long-term, people who sells their bitcoin halfway, is people who is into short-term investment or people who did not use a  discretionary income to invest...

If someone buys Bitcoin with the money they need, they are actually adding the risk to their personal life along with the market risk. If the price drops, they may become stressed, and if an emergency arises, they will have to sell at a loss. Then the problem is not with Bitcoin, but with the investor’s plan.

This is why you need to invest in bitcoin with what you can afford to lose...bitcoin investment what it needs, is to be patient and also invest with the money you can't be forced to withdraw