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

[Asiska02]

Mostly, the best strategy is just to do the DCA strategy, minimizing the risk, and it doesnt need huge capital, but just make sure you have the right financial foundation already to avoid having an emergency sell, because in long-term investment you just can't sell if you have something like an emergency, you should have separate liquidity for that in order to survive the market.

In a volatile market like this, when you’re being faced with an emergency when on a long term investment, you would sometime see that taking anything out of that your investment will be you already losing from the investment because even if you sell at that price, you’ll be selling at a loss which won’t bring back the capital you used to invest initially.

Emergency funds should not be used for long term bitcoin investment because they’re a necessity that must push you to want to take from your investment if you don’t have separate funds for that. In cases like this, it is better to allow your cash flow to improve such that money for emergency and other basic necessities are sorted out before beginning the investment.

[Adams0001]

If truly you want to invest in bitcoin,  you need to talk about the funds before thinking when to purchase bitcoin and when not to purchase because there is a particular price bitcoin will get to, that will make you to stop not to purchase bitcoin because it will not allow you to purchase huge amount of bitcoin you want to hold for future, there are some that want to learn first to have the knowledge of bitcoin before they will start saving funds that will make them to be bold to invest in bitcoin and hold for long term to achieve their purpose.

Exactly, we always need a plan before we can start investing in bitcoin so that we won’t regret later when he doesn’t work as our plan. Bitcoin is not something that we will rush on to invest just because we’re hearing others are talking positive things about it. We shouldn’t just start investing when we have not plan how we will invest our funds on Bitcoin.

Everyone knows that bitcoin investment is always for a long term period, and we need to used our funds wisely to invest in Bitcoin, Some used business money to invest in bitcoin when they will have the need for a short terms purpose, and that is a risk investment because when ever we invest the money we can’t afford to lose in bitcoin and the market didn’t go as planned you will start to scared and sell our coin as lose, we should always try and invest money that we can leave for long term in bitcoin so that we can achieve our goal when the times comes.

[Issa56]

Exactly, we always need a plan before we can start investing in bitcoin so that we won’t regret later when he doesn’t work as our plan. Bitcoin is not something that we will rush on to invest just because we’re hearing others are talking positive things about it. We shouldn’t just start investing when we have not plan how we will invest our funds on Bitcoin.

Whenever you are investing in bitcoin, it’s better you invest for long term, and before you will be able to hold bitcoin for long term, you have to put some things in place because if you don’t do that, you just going to sell your bitcoin later because you won’t have choice. When you are investing in bitcoin, make sure you have an emergency funds, it’s the money that will be use to take care of anything that comes up during your bitcoin journey, so that you won’t just end up selling your bitcoin when an emergency comes up.

If you have an emergency funds, you not even going to think about your bitcoin holding whenever anything happens, but if you don’t have, you just going to sell your bitcoin to take care of the problem you having during that particular period.

[Alonso_]

Before you start investing in Bitcoin, you will definitely need money to buy bitcoin, assuming you have the cashflow or a source of income, after figuring out your cashflow, then first of all I will suggest you figure out your discretionary income as well, after figuring out your discretionary income, then I believe you must have know your expenses on a weekly basis or monthly basis depending when you have availability of cashflow, but if you haven’t  figured out your expenses I suggest you do, bitcoin is risky as we all know, you’re always advised to invest money that you can afford to loose, you’re not meant to be investing money that is meant for your expenses on bitcoin, I see that as a blunder, which is why you’re advised to investing with leftover money (discretionary income).

Investing in bitcoin for the long term is the best way to invest in bitcoin, that is where you need to have a proper plan so you can stay consistent with your bitcoin investment, to have a risk management plan, you need to also have an emergency funds and your reserved funds to enable you have a chance of success with your bitcoin investment, so you don’t have to sell half way in your accumulation stages when you have an emergency or financial challenges to sort out.

[yixichloro2xx]

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.

Investors or holders who are in the same situation need to take care of their finances. They're investing in bitcoin which is good but that's sort of being irresponsible to themselves.

Because if they invest and yet, they're not taking care of their other financial needs. The tendency to make wrong judgements with the situation will lead them to selling their bitcoin.

Before investing, don't be like the guys who go all in. Never ignore the other expenses and other needs that we have to address as we invest so that we also protect the asset we own like bitcoin. It all leads to becoming a responsible investor not only to bitcoin but for all assets and investments that we have.

Like me , before I decide to buy Bitcoin, I always do my budgeting first. I try to find the most important bills and settle them, when I am okay with that, the remaining funds I split into two part one as my discretionary income and the other as expenditure savings. The discretionary income can also be in different parts too, 50% can go for buying Bitcoin, 25% as discretionary consumption and 25% as emergency savings. Even if I have any sort of financial problems later on, I wouldn't even think of touching my Bitcoin holdings because of the savings I have. With everything I have said here, people with small finances might not be able to do that, but if they were able to stay on tight budget and avoid unnecessary spending, then they won't have any issues with their finances.

[Insanity]

Mostly, the best strategy is just to do the DCA strategy, minimizing the risk, and it doesnt need huge capital, but just make sure you have the right financial foundation already to avoid having an emergency sell, because in long-term investment you just can't sell if you have something like an emergency, you should have separate liquidity for that in order to survive the market.

In a volatile market like this, when you’re being faced with an emergency when on a long term investment, you would sometime see that taking anything out of that your investment will be you already losing from the investment because even if you sell at that price, you’ll be selling at a loss which won’t bring back the capital you used to invest initially.

Emergency funds should not be used for long term bitcoin investment because they’re a necessity that must push you to want to take from your investment if you don’t have separate funds for that. In cases like this, it is better to allow your cash flow to improve such that money for emergency and other basic necessities are sorted out before beginning the investment.

Little did he know that knowing where his money is going is as crucial as picking the right investing approach. The benefit of DCA is that it avoids the pressure of market timing when investing money. But it doesn't work if the money invested is not truly disposable. Losing the most important benefit of a Bitcoin long term investment strategy is to have to sell bitcoin whenever an unforeseen expense arises. Having an emergency fund first brings stability to your finances, and ensures that you do not make any impulsive or emotional decisions when the stock market is volatile. Investing should make your money grow, never make it grow out of your pocket.

[Obulis]

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? Because Bitcoin can be a strong asset in the long run, but its price is very volatile in the short run. 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.

Very serious point to consider no matter the strategy in use. First thing should come first to actually avoid "had I know" that goes with such financial mismanagement or mistake and in Bitcoin investment the first thing is a proper understanding of your cash flow this will enable an investor to know the amount of money that is discretionary which is what they should use in buying Bitcoin.

However, the strategy an investor is using to buy Bitcoin will also determine if they'll go on to be asking questions with serious interest that investors focus on when discussing Bitcoin. Asking or trying to know about Bitcoin price is totally inseparable from buying the dip strategy. But that only means that as an investor who have decided to invest through buying the dip you continue with focus on Bitcoin market price all time long after understanding your cash flow.

[suhadi88]

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? Because Bitcoin can be a strong asset in the long run, but its price is very volatile in the short run. 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.

I think it's important to be sure first. Once you're sure, a plan will emerge. But if plans are just plans, and they come from invitations rather than from your own research, I don't think they'll last long. Perhaps some people's consistency has faltered after just a 30% increase due to price fluctuations, prompting them to withdraw and then re-enter.

Bitcoin can certainly be a powerful asset in the long term; it's proven. For those who haven't started yet, let's get used to it when the opportunity arises. Just invest $30 per month; it doesn't need to be much, as compounding takes time. If you want more, reduce your lifestyle slightly, meaning living by your old standards and investing with new ones. Ultimately, this will be a very solid long-term strategy.

[Kelward]

Understanding your cashflow as a Bitcoin investor means that you have to master how to effectively administer your bankroll management into your different portfolios so you can effectively allocate funds to what is important to you. If you know how to manage your funds well you will know whether it is convenient to buy Bitcoin when you want to so basically if you cannot afford to have discretionary funds from your income you shouldn't buy Bitcoin.

You don't need to put yourself under pressure because you want to buy Bitcoin, if you do without a discretionary fund you will likely sell prematurely to meet up your basic expenses. The best strategy to accumulate Bitcoin is DCA you don't have to monitor the market to buy dip or wait till you gather a lump sum, just allocate money that is convenient for you from your discretionary funds to buy and continue when your income drops again.

[Umulala-alala]

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? Because Bitcoin can be a strong asset in the long run, but its price is very volatile in the short run. 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.

A long time bitcoin investor who is using the dca strategy to buy bitcoin doesn't need to be looking at the price of bitcoin if it's low or high, bitcoin is volatile and so it has been from the day one so invest with your discretionary income and also have your emergency funds in place this will enable you to buying bitcoin and hold for years or until you get to your accumulation point without selling when there is an emergency, emergency is what comes unannounced so a long time investor is supposed to plan for all this when buying or accumulating bitcoin.