Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.
I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy. 
Topic: Buy the DIP, and HODL! - page 151. (Read 122199 times)
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.
The guy that saved his money might not be able to buy with all his $2600 because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.
A real-life example of what you're talking about. If I remember correctly, in the first months of 2023, bitcoin was only trading around the 15k$-17k$ area, but by Q1 2024, bitcoin had reached its ATH at 73k$. It can be seen that in just 1 or 1.5 years, bitcoin can increase from $17k to $73k and if someone plans to accumulate a large amount of money before investing in bitcoin. Not only do they have to face currency devaluation, but they also miss out on many opportunities to buy bitcoin at cheaper prices today, and they can even make significant profits if they buy bitcoin weekly/monthly(depending on their income.)
We should buy bitcoins whenever possible, regardless of the amount instead of thinking that we need to accumulate a significant amount of money before buying bitcoins. Although bitcoin is unpredictable and can have short-term fluctuations, if we look at the bigger picture, the long-term picture, bitcoin will only have one trend: up and up. Therefore, hesitating and waiting only makes us have to buy bitcoin at a more expensive price.
Use the DCA strategy weekly/monthly and every time we have idle money, don't hesitate and wait for the price to drop or think that it takes a large amount of money to invest in bitcoin.
Investing in bitcoin does not discriminate on age, skin color, rich or poor, unlike other assets, with bitcoin we can start with any capital we have. There are no standards or regulations that say we cannot invest in bitcoin if we do not have a large and significant amount of money.
Personally, I feel Bitcoin is like planting a tree and watching it grow.
That's how patient one needs to be.
Buying a bitcoin and holding it can be a solid investment strategy.
The Bitcoin market can be very tricky sometimes, but it's best to buy it when you can afford it and hold it for a long-term perspective.
Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.
This can help you not buy all your coins at a high price. It's playing safe, not putting all your eggs in one basket. Avoid the FOMO and not do enough research.
Being cautious and not investing more than you can afford.
That's how patient one needs to be.
Buying a bitcoin and holding it can be a solid investment strategy.
The Bitcoin market can be very tricky sometimes, but it's best to buy it when you can afford it and hold it for a long-term perspective.
Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.
This can help you not buy all your coins at a high price. It's playing safe, not putting all your eggs in one basket. Avoid the FOMO and not do enough research.
Being cautious and not investing more than you can afford.
I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.
Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well. 
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I agree with you. Dollar Cost Averaging (DCA) is a valuable wealth creation strategy that recommends accumulating regularly. You need to have a secure pool of disposable income when you adopt the strategy of depositing bitcoins through this method. Having sufficient cash liquidity to last long. Emphasis on accumulating bitcoins regardless of their value. To get a decent Bitcoin portfolio you need at least 4-10 years of uninterrupted accumulation over a period of time. Of course, depending on the size of your accumulated fractions to get a complete circle. The more you deposit each month the less time it will take to fill your bitcoin circle. You must remember that Dollar Cost Averaging (DCA) is a popular way to accumulate Bitcoins which I also follow. This strategy can be an ideal and timely means for people of any income to succeed. Holding the utmost importance.If you are brand new to investing, it may well take you longer than 10 years to establish a solid bitcoin position, including both the amount that you put in and also how much bitcoin might have had appreciated in prices during the time that you had been investing.
For example, if you merely save 10% of your overall income, then it would take you 10 years to merely reach 1 years worth of your salary... so if your goal might be to reach 10 to 25 years of your annual salary, then it could take you a bit more time to reach those kinds of levels - unless if you are investing more aggressively or if bitcoin prices appreciate at some point after you had already been investing for a while..
I would not assume that DCA is going to solve all of your problems, especially if you are a fairly whimpy investor, yet there still is truth to the matter than normal people sometimes do not invest much if anything, so DCA can really be helpful for normal people to establish some kind of an investment level that they would not have otherwise had been able to achieve.. yet it still takes some effort of setting aside some money during that investment period whether that be 4-10 years or longer.. maybe even 20-30 or more years, even though many of us expect that normies who are investing regularly, consistently, persistently and even aggressively into bitcoin may well be able to reach higher levels of progress as compared with traditional investments that might not allow for the reaching of higher levels of progress (even though of course there are no guarantees regarding where bitcoin is going to go or if it will end up being better than traditional investments).
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I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.
Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis.
Investors should immediately remember when investing in Bitcoin that they only want to accumulate fiat money before investing. But each of them should buy bitcoins with the price of bitcoins then it will be a worthwhile investment.
And must plan and participate in planned investments, if fiat money accumulates for a long time. And buying Bitcoin in one step with that deposit will never be invested under the DCA method. Investments should be managed through weekly or monthly investments on a regular basis with the price of Bitcoin.
This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.
If you don't invest according to the investment strategies, you will stumble again and again. Because long-term investing can only be successful with the DCA method, because the DCA method controls the average level of Bitcoin purchases. This is the reality the more robust the plan is and deposit part of your income into Bitcoin, and deposit it into a strong wallet for a long time. Whenever a person buys and accumulates bitcoins repeatedly, he can definitely achieve success, and if he holds it for a long time, it is definitely possible to achieve success.
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I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis.
Investors should immediately remember when investing in Bitcoin that they only want to accumulate fiat money before investing. But each of them should buy bitcoins with the price of bitcoins then it will be a worthwhile investment.
And must plan and participate in planned investments, if fiat money accumulates for a long time. And buying Bitcoin in one step with that deposit will never be invested under the DCA method. Investments should be managed through weekly or monthly investments on a regular basis with the price of Bitcoin.
This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.
If you don't invest according to the investment strategies, you will stumble again and again. Because long-term investing can only be successful with the DCA method, because the DCA method controls the average level of Bitcoin purchases. This is the reality the more robust the plan is and deposit part of your income into Bitcoin, and deposit it into a strong wallet for a long time. Whenever a person buys and accumulates bitcoins repeatedly, he can definitely achieve success, and if he holds it for a long time, it is definitely possible to achieve success.
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.
The guy that saved his money might not be able to buy with all his $2600 because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.
I personally, I have two sources of income so what I do is that I leave one part of my income in Fiat just to take care of some real life expenditures and the other part of my income to accumulate bitcoin using the DCA so it makes me to feel so relaxed because i know nothing will interfere between the money am using to DCA because i already have Fiat to attend to any of my needs so starting up an investment doesn't mean you should have a huge amount of money before making a step and if you even have that mentality of saving a huge amount before you buy Bitcoin, it's either you will buy at a high price when you could have bought at a low price if you started accumulating by DCA or you can even lose interest not to buy if you discover that the price is very high because you will now consider the price when you started accumulating Fiat to buy Bitcoin and the price when you finally gotten the amount you want to start with so it may discourage you not to even start at all and you could even begin to reason about investing on real life projects thereby your aim to accumulate Bitcoin will be halted.
Accumulating little by little using the DCA is a sure way to own a huge portfolio. Most people who own huge portfolio today started very little and now they are proud they took the bold step. There are times when we feel that our investments is too little but by consistency the investment begins to grow with time but if you decide to meet a target before you start accumulating, you may end up with nothing or not accumulating at all.
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.But if the cash that's been piled up is still with you, you won't have the urge to look for money elsewhere. Nobody will have physical cash with him or Her that will not use it to fix himself up. But if the cash is not there you will be forced to look for other means. In nutshell I don't support building up funds before investing in bitcoin. You can be buying it bit by bit as the money keeps coming, that's why it's called bitcoin. Buy the little you can once you have the money.
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I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis. This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.
When it comes to investing, there is no specific time to start investing but to start right away, that does not imply one invest in Bitcoin without planning or having a stable income or source of funds, the discretionary funds do not need to be a million or thousands of dollars, but what one can afford consistently without it interfering with daily needs or exhausting him. We must understand the fact that irregularities in Bitcoin Accumulation would not yield any good result, so every move must be a calculated one.
... as a no human factor However, having a stable income might not really matter, don't get me wrong it's good to have a stable income but if you have none and you wish to invest, adjusting to how you earn can be done till you find a stable sorce and with that adjustment can still be done from time to time...
I don't know your classification of irregularities but I can only think of one irregularity, withdrawing investment totally to restart (maybe for emergency) this my really serve as a major setback in investment and the main reason why there's is a need for emergency fund....
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.When it comes to investing, there is no specific time to start investing but to start right away, that does not imply one invest in Bitcoin without planning or having a stable income or source of funds, the discretionary funds do not need to be a million or thousands of dollars, but what one can afford consistently without it interfering with daily needs or exhausting him. We must understand the fact that irregularities in Bitcoin Accumulation would not yield any good result, so every move must be a calculated one.
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.
The guy that saved his money might not be able to buy with all his $2600 because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.You don't need huge amount before you start your Bitcoin investment, I think from what I have been reading through in this thread I have come to the conclusion that building up funds before starting your Bitcoin investment is old fashioned and a total waste of time, that is with the help of the DCA strategy one can start his investment journey with as little as you can comfortably either weekly or monthly, Bitcoin price can not be waiting for any one so instead of building up funds before investing the DCA strategy allows you to take position in the market without delay while you be figuring other things out as time goes on , since you will be investing from your disposable income that is readily available for investment irrespective of it's size most important thing is being consistent.
Any amount will do and what's important there is you can able to start your long term investment journey then you are very fine with that. The next thing you consider is learn more about some things that can help on your investment and learn the most discussed strategy which is DCA which is really helpful methods for people to use. For sure over the time they would enjoy their accumulation especially if they join on a discussion like this thread where they can discuss all of things related to investment and strategies. Good to see that lots of people participating here since that means that holding bitcoins now is gaining some fame and new people are redirected to right investment direction. Building up funds will come a long the ways especially if the investors is serious and for sure he make or create some ways to generate new funds to maximize or strengthen up their investment on bitcoin.
You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.You don't need huge amount before you start your Bitcoin investment, I think from what I have been reading through in this thread I have come to the conclusion that building up funds before starting your Bitcoin investment is old fashioned and a total waste of time, that is with the help of the DCA strategy one can start his investment journey with as little as you can comfortably either weekly or monthly, Bitcoin price can not be waiting for any one so instead of building up funds before investing the DCA strategy allows you to take position in the market without delay while you be figuring other things out as time goes on , since you will be investing from your disposable income that is readily available for investment irrespective of it's size most important thing is being consistent.
Buying bitcoin with the money that was given to you on tour birthday is a wise decision but how will you hodli that bitcoin for long when you don't have a means of income.
Find a job. Or if you're a student over 18, a part-time job. But if you're a student below 18, wash your dad's car and give your mother a massage, then ask them for a higher allowance. Hahaha.
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If you are faced with a big challenge, you will not hesitate to sell your bitcoin to solve the problem and become a no coiner. Even investors that have a regular means of income do sell their bitcoin if they don't have an emergency funds. No bitcoin investment will grow without a source of income and an emergency funds.
You have bought bitcoin and you cannot continue investing to grow your bitcoin portfolio, and it is just stagnant, you might not have any profit for a long time especially if bitcoin price is below your entry point overtime. The aim of investing is to grow your bitcoin investment to a particular size that will be able to give your some profits over time, and also keeping the value of your funds from depreciating. The first thing to do if you want to invest in bitcoin is to get a means of income , from there you can take from your discretionary income to buy bitcoin regularly using DCA weekly or monthly consistently without stopping for 4-10 years.
Emergency funds is very important, and you can use the left over from your discretionary income to build your emergency funds up to 3-6 months, after which you can also build your reserve funds. All these put together with discipline will make you not sell your bitcoin before time.
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If a person is single and has ZERO responsibilities, take that limited opportunity and keep buying Bitcoin - the DIP or DCA - and HODL, then keep adding more.
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I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.
You sound mixed up Briankimp1. Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar. We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.
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I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.
Are you trying to sound smart, or what? What is this amorphous crypto bullshit that you are referring to? Do you believe crypto and bitcoin are the same? If you are wanting to talk about bitcoin, then why not just say bitcoin? Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.
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I see where you’re going with this and you’re absolutely right, I was also referring to Bitcoin thanks for the notice I’ll be careful with my wordings next time to avoid any confusion of any sort.Hopefully, you can figure out how to communicate better and not say retarded things while perhaps trying to sound smart. Just because others (perhaps even smart people) talk about "crypto" and don't specify exactly what they mean by such dumbass vague term, that surely does not make it acceptable to do the same. Now if you actually specify what you mean, then the problem is less egregious, even though in this thread, there seems less need to even mention various shitcoins unless maybe you are wanting to say something negative about them or some how some shitcoin relates to this topic.. but many of us here already know that any kind of potential positive talk about shitcoins tends to be a slippery slope that may not have any way to recover, so it is likely better to just avoid any kind of feeling of a need to talk about any shitcoins.
Obviously I can see you woke up this morning and chose violence, I believe you saw the apology I gave after making an honest mistake leaving my post a bit confusing.
Despite reading my apology you still chose to hurl several insulting words at me, I don’t blame you though Mr high and mighty stuck up human, You were someone I looked up to as so many others here but not anymore you can keep your degrading comments to yourself.
I rather listen to simple understanding people than online bullies like yourself.
I don't understand it when people don't see correction as a way of straightening someones mistake at such learning from it, I somuch remember when I was a newbie I was corrected in several occasion by our reputable and well respected memebers here but i refused not to pick offense, what I did was to work on myself to improve in those areas i was found wanting, although no one knows it all but once a mistake is been figure out, the person thats been pointed at should do the needful with immediate effect, personally I wouldnt compare myself with JayJuanGee because as far as Bitcoin is concerned JayJuanGee knows more than i do, it will be a great pleasure seeing him correcting me in things like this or mistakes that I didn't observe, the pro and counter arguments we have been making here in this thread is because of JayJuanGee versed contributions and explanation respectively, so whenever we are been corrected irrespective of the person that's involved, we should humble ourselves to do the needful.
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I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.
Are you trying to sound smart, or what? What is this amorphous crypto bullshit that you are referring to? Do you believe crypto and bitcoin are the same? If you are wanting to talk about bitcoin, then why not just say bitcoin? Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.
The word Currencies... sound absurd
It's a world for Bitcoin only, bitcoin might be a cryptocurrency but the word cryptocurrencies is some kinda bullsh*t here we don't discuss alts... I know this has been addressed but just checking to know what's really going on.
That's why its important to know how we can address certain things about it so we could not create any misconceptions for generalizing bitcoin as the same since it might create bad impression to newbie that they can buy other alt since this is just the same with bitcoin.
For sure there's a lot of newbies who can read up this thread so its better to be straight on the point and call bitcoin as it is and separate it from altcoin. If he feel bad for being corrected then its normal but he should accept that nobody's perfect and we are bound to commit mistake so we make sure that we release more good statement next time and learn from corrections. I will feel glad if someone corrects me since it can help me do reality checking and also to improve more.
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I believe this is why we’re here to raise concerning conversations and talk about ways to simplify investments and derive the best possible outcome, most new comers getting into crypto and buying Bitcoin come bearing the same thing in mind which is investing for a short period of time.This only emphasizes the usefulness of this platform and threads like this aimed at educating investors on how to buy and hold which is the anthem of all crypto enthusiasts hoping to become mighty whales some day.
You sound mixed up Briankimp1. Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar. We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.
[edited out]
I think it depends on the amount of quality information the individual is privileged to have, Which is why I was very careful to acknowledge the usefulness of threads such as this aimed at educating beginners.Helping them to understand and make profitable decisions on the space, which is more or less the right path to follow on this unending journey of crypto currency’s.
Are you trying to sound smart, or what? What is this amorphous crypto bullshit that you are referring to? Do you believe crypto and bitcoin are the same? If you are wanting to talk about bitcoin, then why not just say bitcoin? Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.
[edited out]
I see where you’re going with this and you’re absolutely right, I was also referring to Bitcoin thanks for the notice I’ll be careful with my wordings next time to avoid any confusion of any sort.Hopefully, you can figure out how to communicate better and not say retarded things while perhaps trying to sound smart. Just because others (perhaps even smart people) talk about "crypto" and don't specify exactly what they mean by such dumbass vague term, that surely does not make it acceptable to do the same. Now if you actually specify what you mean, then the problem is less egregious, even though in this thread, there seems less need to even mention various shitcoins unless maybe you are wanting to say something negative about them or some how some shitcoin relates to this topic.. but many of us here already know that any kind of potential positive talk about shitcoins tends to be a slippery slope that may not have any way to recover, so it is likely better to just avoid any kind of feeling of a need to talk about any shitcoins.
Obviously I can see you woke up this morning and chose violence, I believe you saw the apology I gave after making an honest mistake leaving my post a bit confusing.
Despite reading my apology you still chose to hurl several insulting words at me, I don’t blame you though Mr high and mighty stuck up human, You were someone I looked up to as so many others here but not anymore you can keep your degrading comments to yourself.
I rather listen to simple understanding people than online bullies like yourself.
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