Waiting for perfect financial condition can delay Bitcoin journey

[disbil]

I don't think bad ideas waiting for perfect financial condition for investing in bitcoin, current bitcoin price not stable yet its not make delay investing in bitcoin journey and easily how to avoid risk to make bitcoin for long term assets investment. Before raising perfect financial condition get difficulty how to manage well for investing in bitcoin how much allocate for investment until fund have to allocate for other needed.

Last option for the investor really want to invest in bitcoin but not reach the perfect financial condition use DCA strategy, allocate few percent your salary for investing in bitcoin as monthly or weekly way but not make difficult regarding how much your monthly income. However have perfect financial condition make us easily manage well and allocate how much investing in bitcoin.

[uneng]

I think the reason why many newbies delay investing in Bitcoin is because they wait for the perfect financial situation.

This is a common phenomenon among potential investors who have never invested in Bitcoin yet. They wait for the perfect time, and for that reason, they end never investing, because they always think the next day is going to be the perfect day, so they are suddenly caught by surprise by price increasements in BTC price, what lead them to the conclusion it's better to wait for the next cycle to finally invest.

Therefore, it's better to start investing in bearish market, but without getting worried if it's the perfect time to do so. If the market is bearish, it's a good moment to invest, and that should be enough.

[SPIDERMAN008]

The thought that one need to have large amount of money before buying Bitcoin is mostly common among newbies. Those that started buying with less than $50 weekly over the last two years will look back at their portfolios now and happily smile at their decision to start small. You can be building your emergency fund while also accumulating Bitcoin, it's very possible with proper budgeting.

You are right. many new investors think that since the price of Bitcoin has become very high, it may not be possible to invest without a large amount of money. But if you can consistently invest in Bitcoin with a small amount, it will grow into a large amount over time and become a necessary asset. According to what you said, if someone starts with $50, that is not bad either. If you buy Bitcoin for $50 a week, then you are investing about $2,600 a year, and about $5,200 in two years. With consistency and proper planning, it is possible to create a strong position from a small amount. Even if it is not possible for someone to invest $50 per week, then even if he starts with $10 per week according to his convenience, it is not bad to start, if it comes from his discretionary income and is part of a long-term plan. The main thing here is not the amount the main thing is the plan. If someone invests a large amount and cannot hold it for a long time, then that large amount can cause big losses for him. So if someone comes to invest in Bitcoin, he should start according to proper planning.

[justdimin]

A person will not have a discretionary income or discretionary funds without perfect or near-perfect financial conditions. You can't expect someone to cut down their expenses, compromise on basic necessities, and invest into Bitcoin from what they can save after all the struggles. That's not how it works and that's not what a person should be doing either. Someone who isn't able to save money in general because of financial restraints is not supposed to be making investments because they technically and logically cannot do that, and they are not supposed to compromise on anything just because they have to make investments, because there is a reason why we say that one should only invest discretionary funds.

Someone who is earning well enough, has everything covered, all the financial obligations are fulfilled, have saved enough for emergencies, and then still have discretionary funds at disposal, that is a person who can start making investments into Bitcoin, because the money they are going to invest in it won't be needed at any point in the near future for anything, so they can peacefully invest, and then hold for however long they wish to hold. There is no point in making investments in Bitcoin and then having to sell your assets after a few days because you now need funds for an emergency and you have no other way to solve the problem.

[Webutxo]

I think the reason why many newbies delay investing in Bitcoin is because they wait for the perfect financial situation. They may think that the income will be high, the backup fund will be fully prepared, there will be no debt, the monthly expenses will be completely stable, and then they will think about starting Bitcoin accumulation . But people's lives may never be perfect. And there is no rule that you have to invest a very large amount from the first day when investing in Bitcoin. It is possible to regularly DCA in Bitcoin with a small amount according to discretionary income and cash flow.

This advise is for a person that is earning well and have money to spare for investment, as much as I will like to see everyone buy Bitcoin, I will like to see people in good condition. If you are not financially stable, go and fix your life before you want to buy Bitcoin. It you don't buy today you will be able to buy tomorrow. It's not like because you skip the market for the year you will not be able to buy this year, some people that didn't buy last year had it today and cheaper.

But yes, backup fund is important. So an investor who is building a backup fund should start working immediately after doing DCA. The bottom line is that responsible behavior often does not wait for perfect financial conditions. Being responsible does not mean waiting until everything is perfect. It is actually right to start small by understanding your capabilities and at the same time strengthen your financial system.  You do not have to be rich to start your Bitcoin journey. However, you should keep in mind that you should not invest in Bitcoin in an over aggressively .

If you are earning enough money and you know that you are financially able to buy Bitcoin, even if you don't buy everything at once, you can buy it gradually with DCA, this makes more sense if you are balance and stable. If you are not financially stable, even if you use all the strategies in further mathematics to buy the coin, you will sell it when you are later financially pressure. Better be ready and stable than buy now and sell later at loss.

[henmark]

That's the reason why there are different strategies that can be used most especially the DCA, this works for those that are small investors, the excuse of not having enough Capital would not be made. Waiting for the perfect condition to invest in Bitcoin is going to be a huge delay to your progress. Buying Bitcoin is not really rocket science like the way some people think it is, this can actually be made very simple.

I think it's not the complexity of the process that causes a delay, but it's the unavailability of funds or resources that causes it. A lot of people say the same thing; people should go with the DCA method, they shouldn't delay their investments in Bitcoin because they are missing out. However, they are not thinking about the fact that a person who doesn't have an income big enough to allow them to make investments, they can't do it, not even using the DCA method, because even with the DCA method, you still need to have some money at hand at the end of the period you have decided for your DCA, but if you aren't able to save anything at all, how can you do it?

Making investments in anything including Bitcoin is only possible for those who make good money, or at least earn enough to have something left at the end of the month so that they can invest it, but those who are already struggling with their finances and aren't able to save any money or even worse, having to take loans to fulfil the basic needs of their family, they can't make investments, and they can't even do a little if that's what we are talking about. Those who earn more money than they generally need are the lucky ones to get to do this easily.

[maydna]

Many people afraid to take the first step to do something so that effect them to delay making decision. They don't learn more but just waiting and not doing anything. That makes them late to start investing and if they don't realize, they will be too late especially if the price start increases.

If they learn more, they will know DCA and that can be their way to starts because DCA works for all people who have various income amounts so they can adjust their income and allocating money to invests. If they can set the income and gives some portion to the Bitcoin investment, they will not have to worry and not waiting for too long to starts.

While they start investing, they will see if they need to adjust the strategy of using DCA or they can continue accumulating. So investing using small money is enough while they learning managing their income and gives more portion to Bitcoin investment.